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To: Knighty Tin who wrote (182616)	7/23/2002 5:29:08 PM
From: Bill/WA	Read Replies (1) \| Respond to of 436258

KT, or Joan, or anyone, please help. Just heard from one of my best high school friends. He just got 100% disability from the VA (a Vietnam Vet). Said he bought an annuity with Northwestern Mutual. $1,600 a month for 10 years and then no more premiums, but coverage continues and can cash out any time after that. I know nothing about annuities except I'd never have a use for them. I told him to ask; #1. what is the agent's commission? #2. what does the company invest in (ie: US secured, etc.) His VA check amounts to approx. $7K/year and all he wants to do is make sure his wife is taken care of if something happens to him and he's in the lower income bracket. Personally I think he's getting ripped off (he's a very trusting soul) and I just don't want a good buddy, who's been through hell, get screwed. Any advise would be greatly appreciated Thanks, Bill/WA