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Author: MotherQueen One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 435  
Subject: Beggin for suggestions Date: 7/31/1999 7:31 PM
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About 7 1/2 years ago my Dad gave me an Annuity with Jackson National Life. It is:
Not Qualified
NW SNGLMAX ML/FM
I cannot add to it, the cash surrender value is now equal to what the face value is, and there is now 0% surrender fee. I currently gain about $230.00 interest a year (accumulation value is $4,200.00), paid once a year. The annual effective rate was 5.77% last March. (It started at 7.5% and has steadly gone down each year).

I checked a few mutual funds that offer annunities that I could roll it into but they want a minumum of $5000.00. (But I am not sure I want to be stuck in a boring MF anyway).

What exactly can I do with this if I cash it in?
I am beggin for suggestions...
Judith
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