Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Bill/WA who wrote (182650)	7/23/2002 5:41:27 PM
From: Knighty Tin	Read Replies (1) of 436258

Bill, I can't really tell you much based upon that info. One thing I do know is that Northwestern is extremely respected in the life insurance business, which isn't the same as annuities. I would have to know if it is variable or fixed, what the surrender fees are, what the continuing mgt and other fees are (commissions are just a part of it), etc. I also wonder at his choice. It sounds to me that what he is looking for is life insurance and not an annuity. An annuity is sort of like an IRA and you are taxed on your gains when you take the money out. Life insurance would provide his wife with tax free money, though there wouldn't be any real savings component and you have to die to get paid. If you get more info, let me know. It depends a lot on whether they are fixed or variable. And if the variable has a "death benefit." That's kind of an interesting option. Over the life of the contract, your estate receives the highest value the investments ever attain. So, you want to buy some volatile POS fund. But you have to pay extra for that rider.

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