All About Sun Microsystems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: silInv who wrote (23426)	11/27/1999 9:25:00 AM
From: alydar	Read Replies (1) of 64865

Q. Life Insurance. A. I must admit that I think that term insurance is the way to go if you want insurance at all. What I did was purchase a annuity from Sun America. The way it works is that you are essentially purchasing mutual funds. Every year you have an anniversay date and whatever the value is on that date is the minimum amount your beneficiaries will receive upon the time of your death. For example, if you invest $100K on 1/1/00 and the value of the mutual funds is worth $200K on 1/1/01, the minimum amount your beneficiaries will receive, nomatter what the value is of the mutual funds upons the time of your death is $200K. The nice thing about this is that when you reach, I believe, either 59 or 65 you can start to withdraw the annuity is you so choose. If the value of the funds are $10K that is what you will be able to take out. But remember, the high point, in this illustration is $200K so if you kept the funds in tact, your beneficiaries will still receive the high point of $200K. I hope this is of some help, Bob.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next