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Subject:  Life insurance to annuity Date:  12/13/1998  9:12 AM
Author:  CalebOK Number:  7242 of 88520

I have variable life insurance policy I no longer need as insurance. I am considering rolling it into a variable annuity offered by TIAA-CREF as they have, what appears to be, the only annuity worth the investment. Otherwise I would cash it in and lose the 28% in hopes of getting it back in the stock market. Since I hope to retire in ten years, 28% seems a big chunk. Any creative ideas?
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