Date: Sun, 4 Jan 2004 16:33:03 CST
From: "Elizabeth Richardson" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Annuitization
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	=L+VT

 In exchange for the premium, the insurance company promises to
> make periodic payments to the contract owner for a specified period of
time,
> or for life, or for some combination thereof. Annuitization is also a
> settlement option for most pension plans, nearly all deferred annuities,
as
> well as a standard nonforfeiture option on most cash value life insurance
> policies.

Good stuff, Brent. Since you mention pension plans I'll insert a question
here that has cropped up in my personal planning. My husband's PERS pension
refers to the age of the member and the age of the member's spouse in
determining J&S benefits. In no place does it appear to differentiate
between male and female members in the published annuity tables (examples
only, admittedly). Why does it seemingly disregard the gender issue, as I'm
sure this must affect the actuarial payouts?

Elizabeth Richardson