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Travelers Life and Annuity Headquarters address:

385 Washington Street

Saint Paul, MN 55102

United States

Phone: 651-310-7911

Fax: 651-310-3386

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Universal life insurance is a type of whole life insurance. Universal life differs from other whole life policies in that it allows the policy owner to vary, with limitations, the amount and timing of premium payments and the death benefit. These changes can be made while the policy is in effect.

Universal life is NOT whole life. Universal life is Annual Renewable Term plus cash value (a savings). Look at your universal life policy. First, look on the page that shows your policy number, name, coverage amount, etc. Look to see if you have option 1 or option 2 (it may be under option I and option II, or A,B)

If you have option 1 - your beneficiary only gets the FACE AMOUNT. Assume you have $100,000 of coverage and $5000 of savings. When you die, your beneficiary only gets the $100,000!

However, if you have option 2 (which usually has a higher premium) your beneficiary gets BOTH the face amount plus the cash value.

Having that knowledge, who would choose option 1? It's usually never explained. Also, if you look at the index of your policy, you can look up the definitions of Option 1 and Option 2,

With Universal Life being Annual Renewable Term (plus cash value), the cost of insurance goes up every year because the odds of dying are greater. There is a table that shows your cost of insurance per $1000 of coverage in your policy. Look at how the cost goes up EVERY YEAR.

But your premium doesn't neccessarily go up. Eventually what happens is that your monthly premium can't cover the cost of insurance, so the company will take money out of your cash value.

(Ever hear it will pay for itself?) Yet, you'll get to a point where you have no more cash value left, and the premiums are too expensive to continue the insurance.

Once again, the insurance company wins.

Universal life is neither whole life or annual renewable term. It is a distict animal all it's own. The basic premise in universal life is that the cost of insurance for younger ages can (and should) be overfunded.

This amount of overfunding is the cash value. The benefit of this strategy is that the cash value can grow at a modest market sensitive interest rate and can accumulate to a point where the internal cost of insurance can be subsidized by this cash value when the premiums are insufficient to pay for the COI.

Based on the future experience of the crediting interest rates, a reasonable approach can be taken to increase or decrease premiums as required to keep the policy in force for a specified period of time. UL cannot effectively be compared to term insurance, nor is it easy to compare to Whole Life policies.

The differences in Options 1 & 2 death benefits are associated more with the desire to view the instrument as a life insurance policy or a cash accumulation vehicle. There are many other factors that should be looked at to maximize the benefits for either situation, but that being said, they can function as either a cash accumulator or a death benefit engine economically but can not be both at the same time.

A permanent life insurance policy has three components - the death benefits (protection), the expense component and the cash value component. A universal life insurance policy will differentiate and itemize these three components, which will allow for more flexibility in the policy. The policy owner then has the facility to modify the face amount or the premium rate (under specific guidelines) to meet with changing circumstances and needs in his or her life.

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To understand the consequences of borrowing from a deferred annuity (one in which annuity payments are not scheduled to commence within one year of issue), one needs to know if the annuity is being used to fund an IRA or "qualified plan". If the annuity is funding an IRA, no borrowing is permissible, because IRA rules do not permit borrowing from one's IRA. If the annuity is funding an employer-sponsored retirement plan (such as a 401(k) plan), borrowing may or may not be permitted by the plan (and the annuity contract).

If the deferred annuity is being purchased with after-tax dollars, not in an IRA or employer-sponsored plan, then borrowing is not forbidden by law, but most deferred annuity contracts do not allow it.

It should be noted that borrowing against such an annuity, or even pledging the annuity value as collateral for a loan (such as, from a bank) will cause the untaxed "gain" in the annuity to be taxable in the year of the pledging (up to the value of the amount borrowed) (IRC 72(e)(4)).

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Immediate annuities can be annuitized immediately upon issue.

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Assuming that the annuity in question is a "deferred" annuity (that is, that it is not already providing regular annuity payments), the answer depends upon whether you're over 59 1/2 or not. If you're not, any distributions from that annuity will be taxable as Ordinary Income AND subject to a 10% penalty tax - 10% of the amount of the distribution (IRC Sect. 72(q)). Not a very attractive result. If you're over 59 1/2 and still attending school, BRAVO! But the distribution from your annuity will still be taxable (but without that 10% penalty tax).

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A Vanguard variable annuity does seem be a good investment in the current market. As with any investment, there are no guarantees of profitable returns.

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To the best of my knowledge, as in most states, a life license is required to sell annuities in Arizona. Good luck.

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Go to your local finanical institution. There are over 700 banks, financial institutions, etc that particpate in one of the three (3) medallian programs that the SEC requires. Usually the service is free for those with a relationship with the bank. Remember they are financially guarentee'ing your signature!

What does it mean to "financially" guarantee a signature? Is the banker required to view any financial documents other than those relating to accounts with their own institution?

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Well, definitely...maybe. Under KRS 140.050, one-half of the decedent's share of the account is considered as being transferred to the survivor, and would be otherwise subject to Kentucky inheritance tax. However, Kentucky's inheritance tax is levied only on certain classes of recipients. Essentially, if the recipient is a spouse or blood relative, all of the interest received by such person is exempted from the tax. KRS 140.080 Ultimately, the intheritance taxation on the transfer of the assets of such accounts boils to the nature of the relationship between the decedent and the survivor.

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Yes, when they become aware of them. An annuity check is no different from any other liquid asset. Like a bank account, certificate of deposit, IRA payments, some pensions, farm subsidies, purchase payments of lien property, etc., annuities are money that you directly own. As such, with a judgment and a properly served order of garnishee, it can be attached.

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The simplest way is to gross up the ordinary annuity (payments in arrears) by a single period at the discounting rate.

For example, if the ordinary annuity has semi-annual payments (half yearly) and the PV is $1000 using a discounting rate of 5% p.a., then the PV of the annuity due would be:

PVDue= $1,000 x ( 1 + 5%/2 ) = $1,025

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Annuity death proceeds bypass the estate and probate and are paid directly to beneficiary. BEST INVESTMENT FOR SENIORS!!! (if bought correctly) 4lifeguild

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Book value fixed annuities pay a declared rate of interest for a specified period. No market value adjustment (MVA) is imposed if the holder withdraws assets before the end of the contract term. MVA products also pay a declared rate of interest for a specified period, and do impose such an adjustment.

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Extended trust fund

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Annuity is the period of time allocating to make payments.

The payments can be made at the begining or at the at of the period of time.

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Do you mean Reassure America Life Insurance Company?

If you had a CNA policy, the contact information for Reassure America is:

Toll Free (800) 437-8854

100 Center View Drive

Suite 100

Nashville, TN 37214

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Perhaps, if the spouse who is 59 and a half is the principle owner, contact them, or read the conditions.

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Western National Life Insurance Company (NASDAQ: NWLI) was upgraded recently to an "A" (excellent) rating from "A-" by A.M. Best Company based on a conservative investment portfolio. WNLIC holds "A-" (strong), "A1" (good) and "A+" (strong) ratings from Fitch, Moody's and S&P (respectively).

Despite AIG ownership, history and recent reports suggest that your annuity is quite safe with WNLIC and that you should not worry about the organization's ability to pay.

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A variable annuity is not safe if you can't afford to lose money. A fixed annuity may not be safe if you can't afford not to make reasonable stock market type return.

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CNX stands for CRISIL NSE Indices. CNX ensures common branding of indices, to reflect the identities of both the promoters, i.e. NSE and CRISIL. Thus, 'C' stands for CRISIL, 'N' stands for NSE and X stands for Exchange or Index. The S&P prefix belongs to the US-based Standard & Poor's Financial Information Services.

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The difference between strategy and tactics is that strategy defines "what" is to be done but tactics defines the "how". Tactical management is the use of tactics to implement strategy. This is different from traditional management in that in traditional management there is usually one procedure (standard operating procedure) for getting any action done whereas tactical management allows the manager to select appropriate tactics for best achieving the objective.