Insurance Policy Conversion

[Derek Atkins]

Hi,

Roland Roberts <roland at astrofoto.org> writes:

> I have recently converted a whole-life policy's cash value into a
> variable annuity.  As a matter of laziness, I never kept track of the
> policy's cash value.  I was thinking I would just take a create the
> new account(s) for the variable annuity investments and take the
> starting balance from the expensive account that I've used for the
> insurance policy.  Does that sound reasonable?

unfortunately I have no clue how an annuity works, so I can't
provide any insight.  Hopefully someone else can help.  Or....
you could go ask an accountant ;)

Good Luck,

> regards,
> 
> roland

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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