January 7, 2008

You and Your Money - Part 2
HOW TO PROTECT WHAT YOU HAVE

In Part I of “YOU AND YOUR MONEY mention was made of some features of the Polish Roman Catholic Union of America Annuities that have been revised. The changes have been made to better serve our fraternal members.

Previously there was a requirement that it was necessary to maintain deposits above $25,000 in order to have the interest paid monthly to the member. This is no longer a requirement. Requests can be made to have this interest paid to the member at any time. Withdrawals are subject to the IRS Tax Regulations for your age and income tax bracket at the time the withdrawal is made.

As mentioned in Part 1 of this article interest rates vary by the series selected. The current interest rate may change with market conditions. Therefore, it could go higher or
lower. Please visit www.prcua.org/annuity for the current interest rate.

In addition, the PRCUA, offers its members:

• Tax Deferred

• No Service Charges

• FREE 10% Annual Withdrawal

• Additional FREE Withdrawals Under Certain Health and Catastrophic Conditions

• Guaranteed 3% Minimum Interest Rate Through the Life of the Contract

• Surrender Charge Waived upon Death

Remember, an annuity is like a retirement plan. It is meant to pay money to you during your retirement. It can be used for many purposes like travel, buying a car, etc. An annuity can help YOU fully enjoy your Golden Years!

Conversely, a life insurance certificate is meant to help SECURE the future for the people that you leave behind. Life Insurance is not for the people who die; it is for the People who live. If something happens to you today, will your spouse, children, grandchildren, etc. be able to carry on without you? Consider your mortgage, tuition for education, medical bills, credit card debts, etc. All this will have to be paid without the benefit of your income. Since none of us know what the next 5 minutes will bring, who will provide for your family when you die? Fortunately, you can, IF you have taken the necessary steps ahead of time when you qualify to buy a life insurance certificate from the PRCUA.

The October 8, 2007 issue of the National Underwriter Life & Health states: According to LIMRA International, 68 million adult Americans have no life insurance. 68 million! … So, nearly a third--31%-- of all American adults seemingly have no life insurance. (That percentage would be even higher if we omit adults age 65 and up.)… When untimely death occurs and there is no life insurance, the surviving family members (and business partners) suffer loss not only of the loved one but also of financial stability. The repercussions can be devastating.

Since none of us know how long we will medically qualify for life insurance, contact your local deputy or call the Home Office TODAY (1-800-772-8632) to answer any questions you may have or to complete an application for the particular life insurance plan that is suitable for you. We are here to help secure your financial future.

As a reminder, for both Annuities and Life Insurance certificates, be sure to amend your beneficiary designations when circumstances change through marriage, the birth of children and grandchildren or the death of a current beneficiary. Otherwise, this may cause unnecessary problems in the future.

If you need to change the beneficiary on your PRCUA life insurance certificate - or change your address - please call the Home Office at 773-782-2600 or 1-800-772-8632.