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A magazine from WEA Member Benefits ™ your SUMMER$2017 Protecting a Legacy

With $2.4 billion in member assets, the Guaranteed Investment is kind of a big deal

your money Your credit score can have a big financial impact your security Protect your children from identity theft your kiosk Member spotlight, student art contest } winners, and more your$™ { CONTENTS SUMMER 2017

3 YOUR ACCOUNT - Enjoy low fees even if you’ve retired or changed jobs. - Time to boost your savings. - Nominate a financial mentor. - Update your beneficiaries.

YOUTUBE LOGO SPECS 4 YOUR RETIREMENT 4 8 - Assessing the Guaranteed PRINT on light backgrounds on dark backgrounds

Investment: It’s kind of a big deal. standard standard YOUR KIOSK main red gradient bottom 10 PMS 1795C PMS 1815C - More student masterpieces at our C0 M96 Y90 K2 C13 M96 Y81 K54 6 YOUR MONEY Madison office! - Your credit score matters more than white black - Long-term care insurance: An WHITE BLACK no gradients no gradients you think. affordable protection. C0 M0 Y0 K0 C100 M100 Y100 K100 - Don’t jump to conclusions about the 8 YOUR SECURITY risks around backyard trampolines. - Stealing a child’s identity is a crime - Member spotlight: A partnership of watermark watermark not often discovered until years trust makes the job easier. later. Know what to look for. 6

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The world looks of our Wisconsin public schools. And we Also in this issue, learn why it’s very different today believe the hardworking employees of our important to build up your credit score, from when this public schools deserve to be financially and why your child’s identity may be at organization was secure. That’s why we exist. risk and tips to protect it. Lastly, member created 45 years ago. Part of our obligation to you is to do our Joanna Rizzotto shares why she thinks New technologies, due diligence regarding your investments Member Benefits is an organization public evolving financialin these ever-changing times to make sure school employees can trust. (Hint: It has regulations, and we are offering programs that meet our to do with our why.) fluctuating national standards and the needs of participants. It is Many organizations focus only on what and international also our responsibility to protect the legacy they do. We keep our why front and center economic and of these programs for future generations. so we can continue to meet your financial political conditions have affected what we Starting on page 4, you’ll learn about needs and serve you to the best of our do and how we do it. Change has been changes in the stable value fund arena that abilities. You are what’s important to us. required. will impact the Guaranteed Investment However, there’s one thing that hasn’t as well as the evaluation process currently changed at Member Benefits—ourwhy . underway to ensure the best possible We believe in education and in the value outcome.

2 weabenefits.com Remember, { your account you can IRA and 403(b) news share the Retired or changed jobs? Keep enjoying our low fees benefits with If you have a 403(b) or an IRA account with us, you can keep it here your family regardless of your employment status and continue to take advantage of our low fees and great customer service. Reminder: WEAC members The financial security of your family receive additional savings with a lower annual fee cap on IRA accounts. members is important to us. That’s why we recently simplified and expanded our Don’t miss a chance to boost your savings eligibility guidelines, giving more of your family members greater access to our Are you maximizing your 403(b) contributions? Summer is a good time programs. Your spouse/domestic partner, to update your Salary Reduction Agreement (SRA) so you’ll be ready to children and their spouses, parents and go for the school year. To update your SRA, please contact your school parents-in-law, and in some cases, your district business office for their most recent SRA, download our SRA at grandchildren, may participate in most of weabenefits.com/retirementforms, or if your district allows, update your our programs. SRA online through money at weabenefits.com/yourmoney. your Family members can contact us directly Nominate a financial mentor before summer ends! for an insurance quote on their auto or home, information about opening an IRA, Do you know someone who takes the time to give or our financial planning services. financial encouragement, advice, and guidance to his or her colleagues? Give that person some well-deserved Interested in recognition. It only takes a minute to nominate someone by visiting weabenefits.com/mentor. The 2017 deadline is non-retirement September 1, so don’t wait! investment Are your beneficiaries up to date? accounts? As you experience changes in your life such as marriage, divorce, or Do you have a need for an death, don’t forget to review your beneficiary designations. The beneficiary investment account where you designations associated with your retirement account(s) take precedence can place a windfall of cash, an over your will. inheritance, proceeds from the sale To view your current beneficiary designations through Member Benefits, of a property, required minimum log into weabenefits.com/yourmoney. Beneficiary change forms can also distributions, or extra income you won’t be downloaded from weabenefits.com/retirementforms. need within the next few years or longer? We are considering expanding our Correction from Spring 2017 magazine program lineup to include non-retirement investment accounts, such as individual We constantly strive for accuracy, but once in a while and jointly held retail accounts. However, we get it wrong. From the article in the Spring 2017 correction before moving forward, we need to gauge magazine, Breaking into your second act, page 9, the level of need of our members. If you Scene V should have read, “Penalty free withdrawals have interest, fill out a short form at may be taken from your 403(b) if you retire during, weabenefits.com/retailaccount and we’ll or after, the year you turn age 55.” Thank you to our be in touch. We appreciate your feedback. alert reader who notified us of this error.

Content in this magazine is for informational purposes only and is not intended to constitute WHAT’S ON YOUR MIND? legal, financial, or tax advice. Certain recommendations or guidelines may not be appropri- { ate for everyone. Consult your personal advisor or attorney for advice specific to your unique Do you have a story to tell, circumstances before taking action. a question, or an article The Trustee Custodian for the WEAC IRA accounts is Newport Trust Company. The 403(b) retirement program is offered by the WEA TSA Trust. TSA program registered representatives suggestion? are licensed through WEA Investment Services, Inc., member FINRA. Send an e-mail to [email protected]. Type “your$” into the subject line. weabenefits.com 3 { your retirement

Protecting a Legacy With $2.4 billion in member assets, the Guaranteed Investment is kind of a big deal

n 1978, the WEA TSA Trust rolled what the Guaranteed Investment account When the account was moved to out a Guaranteed Investment account is.) He then spent 15 years with PRIAC CIGNA, Mike recalls, “There was a strong to Wisconsin public school employees specializing in SV funds before starting his belief that the money in the Guaranteed Ias its first 403(b) investment opportunity. own SV consulting company. “At PRIAC, Investment Account was to be protected. Today, approximately 46,000 participants I was partly responsible for the relationship The creation of the WEA TSA Trust have nearly $2.4 billion worth of assets in with Member Benefits and managed the 403(b) program wasn’t meant for people the account currently held and managed Guaranteed Investment for over five years, to chase equity market returns. This was by Prudential Retirement Insurance and so I know the fund very well. It’s one of for safe keeping. And that’s why only the Annuity Company (PRIAC). the best stable value funds in the country,” Guaranteed Investment was offered in the It’s kind of a big deal. he says. beginning, and members were not offered Just as Member Benefits monitors our Doing our due diligence an equity fund option early on.” mutual fund investments to make sure they The founders of our 403(b) program continue to meet our standards, we also Member Benefits is currently evaluating felt the best way for members to get to the Guaranteed Investment. The process monitor the Guaranteed Investment and retirement and have enough saved to began last fall under the direction of Susan evaluate PRIAC in their role as manager of support themselves was by putting their Winchester, Vice President of Retirement the account to ensure the best interests of money in a safe place, earning a reasonable and Investment Services at Member our participants are being served. rate of return, and having a guarantee Benefits. A Request for Proposal (RFP) against loss. “Those three things were was drafted and sent to over 30 companies Experts on board important then and they remain a priority to see what options were available. In Helping with the due diligence process for Member Benefits today,” says Susan. the end, seven companies expressed are Mike Driscoll and Jim King. Both interest and five gave a formal response. have a vast amount of knowledge in the A long legacy Those five responses are currently under financial industry as well as personal “There are many competitors in the consideration. work experience with the Guaranteed marketplace that have been trying to The RFP will help us determine if the Investment. figure out how Member Benefits has been program as offered today is still competitive Mike, now a consultant, has worked able to be so successful with this program in the marketplace. “We’ll be looking at with retirement plans for over 30 years. firms that can provide a similar program and offer the guarantee and low fees. It’s “In 1987, I worked at CIGNA and was and evaluating their interest rates, fees for because this legacy product has worked involved when the assets in the Guaranteed service, and the types of portfolios they really, really well for members over time Investment were moved to CIGNA from invest in,” says Susan. “We’ll also do our and it has been impossible for anyone to UNUM.” normal due diligence, including financial duplicate,” says Jim. As Mike indicates, the guaranteed strength ratings. In the end, we’ll want to What makes it so difficult to copy? In account has not always been with PRIAC. answer this core question: What is in the part, the success of this program was the PRIAC actually inherited the account after best interest of our members?” timing of when it came together. In 1978, they purchased the CIGNA retirement the economy looked very different. Interest business in 2004. Member Benefits has One of a kind and inflation rates were on the rise—both been with PRIAC ever since. One thing is clear: The Guaranteed were north of 12%—and, according to Jim spent 17 years in portfolio Investment is one of a kind. Its uniqueness Mike, the timing couldn’t have been better management with Merrill Lynch, including started at its inception with the philosophy to establish a SV fund. “The high interest stable value (SV) funds (which is essentially on which the program was built. rates and inflation rates at that time turned 4 weabenefits.com out to be a real plus, creating a big tailwind much more expensive. “In fact, the price and compared them to those of other of higher returns supporting the program of guarantees in the marketplace almost major stable value providers. Mike was a while the interest rate markets steadily tripled,” he says. member of the evaluation team, and says declined over the following 30 years. The increased cost of the guarantee the answer to that question in 2012 was This is one of the main reasons why other presents a special challenge for PRIAC and yes. “We concluded the relationship with organizations can’t replicate it.” the Guaranteed Investment. PRIAC was still in the best interest of Mike goes on to explain that the Mike adds that since the crisis, members. They were still strong and stable tailwind was created by CIGNA/PRIAC actuaries and regulators have taken more and the program continued to be better making loans and buying bonds—5-, 10-, of a microscopic look at the risks of SV than anything else available, even with 20-year loans or bonds—at 10% or more. from the guarantor side. The Financial contract changes imposed by PRIAC at “These long-term investments continued Stability Oversight Council created by the time.” to pay back at the high rate over however the Feds under Dodd-Frank developed The evaluation in progress will again many years, even as interest rates in the Systemically Important Financial have to answer these questions: Is PRIAC general fell. This allowed the credited rates Institution (SIFI) designation to label the best partner today? Should we continue in the Guaranteed Investment Account to companies whose collapse would pose a with a single creditor program, or do we remain higher for a longer period of time, serious risk to the economy. This is the need to start to look at diversifying— and members were rewarded with higher “too big to fail” list. spreading the account and the risk to than current market returns.” In 2013, PRIAC was one of four non- one or more additional firms? If doing However, while the rate was slow to bank companies put on the SIFI list. so would strengthen the guarantee, that come down and meet the market, rates SIFIs abide by “enhanced” rules that would definitely be a plus. are also slow to rise when the market goes are tougher than the ones that apply to up. “Stable value funds lag the market, their smaller, less-complex peers. Higher Vetting potential partners regardless of which direction the market is capital requirements effectively limit how “We use ratings issued by Standard & going,” he adds. much SIFIs can borrow, and can crimp Poor’s, Moody’s, and Fitch,” explains Mike. profitability. Defenders of the SIFI process “Moody’s rates PRIAC as A1, the fifth The Guarantee is the key say those stricter regulations are justified highest of 10 investment grade ratings. A SV fund is comprised of two parts: because SIFIs pose an outsized risk to the That’s a good rating, but there are ratings 1) a portfolio, and 2) a guarantee. The stability of the broader economy. above that, like Aa and Aaa. Some of the interested companies who responded to guarantee is on the participant’s principal “For PRIAC, this status is costly the RFP are Aaa, which indicates that they and net credited interest. In other words, and forcing change. The Guaranteed are in a slightly stronger financial position investors will never receive less than Investment will likely not be immune to today than PRIAC.” Financial strength what they have contributed plus the these changes,” says Jim. accumulated interest credited on those is a must, but there are other critical contributions, even though the price of considerations as mentioned earlier. the underlying securities (the bonds and Regardless of who we decide to partner funds in the investment) may go down. “It’s one of the most with, at the end of the day, it’s important The value of SV funds proved out that members know we have done seasoned funds in the everything we can to choose a strong during the 2008 financial crisis when the country.” stock market tanked. Portfolios that held financial institution(s) to honor the SV fund investments fared better because Jim King guarantee. of the guarantee. “A stable value fund Predicting the future serves as an anchor,” says Jim. “In a volatile market, it maintains its value and is a After nearly 30 years of declining interest rates, we are in an economic buffer for the entire portfolio. Because the environment in which rates are expected Guaranteed Investment has been around Diversifying could help to rise. “In fact,” Jim says, “this last week since 1978, it’s one of the most seasoned According to Jim, the sheer size of the (June 14, 2017), the Federal Reserve funds in the country.” fund increases the risk for PRIAC, as well as for members. announced a quarter-point interest rate The rising cost of a guarantee Why? With PRIAC, there is a single hike.” Interest rate changes are among the most significant factors affecting bond To ensure the safety of participant assets, provider of the guarantee. Essentially, we return. When interest rates rise—bond PRIAC is required to hold reserves equal to have all our $2.4 billion SV fund eggs in prices generally fall. And that puts the SV the assets in the Guaranteed Investment. one basket. It’s been this way for 39 years. fund managers at higher risk to sustain Jim explains that while the guarantee of However, every fund evaluation poses losses. SV funds worked as intended in the 2008 this question: Is this prudent? In 2012, we “In regard to the Guaranteed rate,” crisis, the fact that bond prices decreased examined PRIAC’s products, fees, services, Mike suggests, “members will likely see significantly put SV managers at a greater financial strength, financial position, and risk for loss because the guarantee became client management among other things, Continued on page 9 weabenefits.com 5 { your money Your credit score: It matter$

Most of us don’t spend much time thinking about our credit score. But a low score can negatively impact your finances and have a big effect on the choices you may be able to make in your day-to-day life. Fortunately, there are several things you can do to improve your score.

What is a credit score? to lenders, it’s important to banks, report, among other things, to predict the A credit score, or FICO score, is a utility companies, insurance companies, likelihood of future insurance losses. While three-digit number used by lenders and government agencies, landlords, and even you’re not automatically disqualified if you companies (usually a range of 300-850) to prospective employers in their decision have a low score, it can negatively impact assess how likely you are to pay down your to hire you for a job. It can even impact your rates. debts in a timely way. Different industries whether you get approved for a cell phone It can affect student loans. Federal use different scoring models, but generally, plan. Stafford and Perkins loans are available the FICO score depends on the following The higher your score, the less interest without regard to your credit history. And factors: you’re likely to pay. Improving your score as long as you don’t have an adverse credit can help you qualify for the best loan rates history, you may qualify for the PLUS Score Component Weight and terms and has a significant financial loan (visit studentaid.gov, “Direct PLUS Payment History 35% impact. For example, using the FICO loan Loans and Adverse Credit,” for more Amounts Owed 30% savings calculator in June 2017, a person information). Length of Credit History 15% with a 30-year, $200,000 fixed interest However, private student loans are New Credit 10% mortgage and a 620 credit score would affected by your credit score. Most Types of Credit Used 10% pay $195,226 in interest over the life of education lenders break their interest rates The recency, frequency, and severity of the loan. But someone with a 760 score and fees into five tiers, with each tier 1% your credit activity also have an impact. would pay a total interest of $127,668. or 2% higher than the previous tier, so That low credit score would cost the first borrowers with the worst scores may have Why does it matter? person $67,558 more—enough to start interest rates 5% to 6% higher than those Essentially, lenders want to be paid a business, put a kid through college, or with excellent credit. This translates into back, so the better your credit history, the retire a year earlier. monthly payments that are 20% to 40% more attractive you are as a loan customer. It could affect where you live. If you’re higher and two-thirds to 100% more Many companies pay attention to in the market for an apartment, your score interest paid over the lifetime of the loan your score. Your score can be the deciding can impact the odds of getting approved, (source: finaid.org). factor in whether you’ll be approved for a the size of your security deposit, and how If you find yourself with poor credit, mortgage, car loan, credit card, or other much you pay in fees. you can help yourself by: loan. It could prevent you from getting the It can affect insurance rates. Insurance • Making payments on the loan while in credit you need or may force you to rely on companies use insurance scoring to school, which may help you get better payday loans or other very high-interest, determine your eligibility for coverage rates. high-fee loans. and what your premiums will be. It takes • Appealing if you’re denied a loan. Your credit history is not only important into account many aspects of your credit Sometimes they will make an exception 6 weabenefits.com if you have an unusual circumstance or keep in mind it may not be the exact score missed payments, get current and stay your credit report was inaccurate. used by anyone evaluating your credit current—the longer you pay on time, Paying your student loans back in full application. This is because card issuers get the more your FICO scores should and on time will boost your credit score, FICO scores from different credit bureaus, increase. so make sure to budget for it after you and each bureau collects and formulates • Keep your balances as low as possible. graduate. If your lender reports late student data differently. It can help to create a budget with a loan payments to the credit bureaus, it Other ways to get your score, according payment plan to decrease and manage stays on your credit report for seven years. to the Consumer Financial Protection your debt. Use our worksheet at Being consistent with your payments each Bureau, include: weabenefits.com/budget. month will show lenders they can trust • Talking to a nonprofit credit counselor. • Re-establish your credit history if you’ve you to handle money responsibly. • Using a credit score service. Some are had problems by opening new accounts Keep in mind that defaulting on funded through ads and may not charge responsibly and paying them on time. loans may make you ineligible for future a fee while others may require you to If you’re feeling stuck, consider hiring financial aid or student loan forgiveness sign up for a “free” trial. Be sure you a credit counselor, who can work with and may cost you your right to defer know what you’re signing up for and the both you and your lenders to find fair payments. Deferring loans, while not actual cost. resolutions. Many lenders are open to this ideal, won’t hurt your credit score (but you • Buying your actual credit score at because they receive at least some of their will still be charged interest on the loan). myfico.com. (You’re not obligated to money back in a timely fashion. buy other services that may be offered Remember, as your credit information How to monitor your credit like credit protection, identity theft changes, your score changes...so the efforts Check your credit reports regularly. monitoring, etc.) you make to pay off debt or correct your A credit report is a record of your credit credit report now can make a big financial history and includes information on your How can you improve your difference to you later on. identity, existing credit, public record score? (court judgements, tax liens, etc.), and Every inquiry for a loan has the inquiries about you from companies or potential to reduce your credit score, so it’s other people. It does not include your best to keep the number of inquiries small FICO score. You can get free credit reports and within a short time period—credit once a year from TransUnion, Experian, reporting agencies typically allow a certain and Equifax by visiting annualcreditreport. window of time to treat multiple inquiries com. Get them all at once or request one as one. report every four months—it won’t affect According to myFICO, other things you your FICO score to check. can do to improve your score include: The FICO Score Open Access program, • Paying all your bills on time. If you’ve launched in 2013, has made getting your three-digit FICO score easier. A growing number of financial institutions offer free FICO scores. Check with your current credit card statement and your bank but low credit score weabenefits.com 7 { your security

The hidden victims of identity theft: Your kids

You may be vigilant about keeping your • You receive preapproved credit cards in how it’s protected. See if you can use the own identity and that of your adult partner your child’s name. last four digits instead. or spouse safe. But have you thought about • You try to open a financial account for • Shred documents that contain personal how to protect your child’s identity? your child and find there’s one open information before throwing them away. According to Experian, up to 500,000 already, or they are denied an account • Do not carry your child’s Social Security children are affected by identity theft each because of poor credit history. number in your wallet. year. Sadly, the majority of offenders are • A credit report exists in their name. • Teach children not to give out personal family members or close family friends. Bear in mind it’s still possible your child’s information over the phone. Do not And because of the hidden nature of information will be misused even without give out any of your child’s information child identity theft, the crime is often not any of these signs. Don’t necessarily blame on the Internet unless you’re sure you’re discovered until years after the fact when yourself if your child becomes a victim. dealing with a legitimate company. the child has grown and tries to open • Pay attention to events that may put their first credit card or applies for a car or If it happens your child’s information at risk; for student loan. • Fill out a copy of the Uniform Minor’s example, losing a wallet or sensitive This particular kind of identity theft Status Declaration, available at the paperwork, a family or friend trying can be enticing because children provide a Federal Trade Commission (FTC), and to evade a bad credit rating, a break-in blank slate from which a person can apply submit to companies that require it. at home, or a business alerts you to a for credit and take out loans. According • Check with the three reporting agencies: security breach. to Identity Theft Research Center, credit Equifax, Experian, and TransUnion. • If your child is enrolled in school, issuers do not often verify the age of Request reports and place a fraud alert verify records are secure and who has the applicant, so the age listed becomes on the credit files. access. Ask about the school’s directory “official” with the first credit application. • Contact every business where your information policy and pay attention to For example, if the first application child’s information was misused. Ask forms that come home and what they indicates that the applicant is 24 years each business to close the fraudulent ask for. Know your rights under the old, credit agencies will believe that until account and flag it to show it resulted Family Educational Rights and Privacy a dispute is filed and proven. from identity theft. Act (FERPA), a federal law that protects • File a formal complaint with FTC. the privacy of student education records. Possible warning signs • Consider filing a police report, which The FTC also recommends you check to If any of these happen to you, it’s worth could help prove the identity theft to see if your child has a credit report when following up on right away. creditors. they turn 16. This gives you time to make • You or your child are turned down for corrections before they go off on their government benefits. Prevention tips own. • You receive an IRS notice saying the • Keep all paper and electronic files with child didn’t pay taxes or that their Social your child’s personal information in a Repairing identity theft Security number was used on another safe location. ftc.gov return. • Don’t share your child’s Social Security Information and assistance • You start getting collection calls or bills number unless you know and trust the for products/services you never received. other party. Ask why it’s necessary and idtheftcenter.org More on FERPA ed.gov 8 weabenefits.com Meet our consultants Mike Driscoll, Managing Director The Prudential Guaranteed Investment account of Sheridan Road is a long-term savings vehicle that assumes the Mike began role of a fixed income or bond investment in your his institutional asset allocation mix. retirement plan career in 1980. Learn more at weabenefits.com/pru. He spent nearly 17 years with CIGNA Retirement & Investment Services prior to long-term investors in the future,” says the sale of CIGNA’s retirement Susan. business to Prudential Financial Looking forward in 2004. He was also involved The Guaranteed Investment may look with transitioning Guaranteed Continued from page 5 different after the evaluation is complete Investment assets from UNUM to interest rates in the program fall a little and decisions have been made, but both CIGNA from 1987–1988. further before stabilizing regardless of Mike and Jim agree that it will still Mike has earned and maintains what changes come from the evaluation. fulfill the original purpose and be in the the Accredited Investment We will also see the impact from the best interest of members. That purpose Fiduciary designation. He is increased cost of a guarantee. includes: a past President of the Board “Further, members currently have 1. Safety (low risk). of Directors of the Greater the ability to move money freely in and 2. Earning a reasonable rate. Milwaukee Employee Benefits out of the program, but it would not be 3. Having a Guarantee. Council. unreasonable to expect some parameters Susan reflects, “This program has He also has a personal set around how much can be moved out of good bones. The fact that it was carefully an account in a given year.” designed for the benefit of our public connection to and interest in school employees is precisely why it has Wisconsin public schools. “My succeeded. We’ve never lost sight of why wife Janet was a teacher. She “This program it was created.” taught in the Cedarburg School has good bones.” Some things to expect as we move District.” Susan Winchester forward include: 1. The crediting rate may go lower before Jim King, Founder and CEO of stabilizing. King Stable Value Mike explains that the withdrawal 2. Flexibility for moving money may Jim serves as parameter may be necessary to protect the change. general account account for long-term investment. A large- 3. We are working to maintain the unique investment scale withdrawal from an SV fund could characteristics of the program that set it portfolio specialist impose a significant adverse impact on all apart from other SV funds, including of the remaining investors and potentially offering a higher level of protection in and spent 15 years result in losses for the SV fund manager. different economic environments. with Prudential Financial. For Most other SV funds do not allow the 4. We are considering providers that more than five of those years, plans or the participants to immediately maintain transparency regarding fees he managed the Guaranteed receive the book value of the investment, and strong financial ratings. Investment for the WEA TSA Trust which is contributions plus interest At the end of the day, we want to work and WEA Member Benefit Trust. earnings, if the fair market value of the with a company or companies that have “I know the guaranteed fund very investment is less. similar core values to our own and can well,” he says. “It’s one of the best “It’s our responsibility to protect the contribute to the financial security of stable value funds in the country.” members and their investment, as well as Wisconsin public school employees. We Jim is also a past Chairman ensure the viability of this program for are working hard to do just that. of the Board for the Stable Value Investment Association. Interest is compounded daily to produce the current annual yield prior to the deduction of program administrative fees. Contributions and earnings are held in the general account of Pru- dential Retirement Insurance and Annuity Company (PRIAC). Principal and net credited interest are fully guaranteed by PRIAC. Such guarantees are based solely upon the financial strength and claims-paying ability of PRIAC. For more information go to weabenefits.com/pru. weabenefits.com 99 { your kiosk

More masterpieces from Wisconsin students Second annual Student Art Contest lets students strut their creative stuff!

Our staff really looked forward to Michaella Cudnohosky, 12th grade, viewing the new student art submissions Berlin Area School District. Art teacher: for our second annual contest. The bar was Lori Rademann. set pretty high by last year’s entries, but we Leah Boyd, 2nd grade, School District of Black River Falls. Art teacher: Jen were not disappointed. Dahl. Sixty-one exceptional pieces were Beau Spindler, 2nd grade, Fall Creek submitted in a variety of different mediums School District. Art teacher: Tasha and from a wide range of ages. The caliber Newton. and creativity of these students really attest Griffen Kjendlie, 1st grade, Janesville to their talents as well as to the Wisconsin School District. Art teacher: Amanda public school teachers who guide them. Zdrale. Thank you to all who submitted their Hannah Urness, 11th grade, Mondovi work! Students whose art was chosen School District. Art teacher: Norene Schreiner. each received a $50 Amazon gift card for Madeline Ouimet, 11th grade, River allowing us to display their art, as did their Valley School District. Art teacher: Kasey art teacher. Maxwell. Stop by our Madison office and admire Elana Lohr-Kougl, 5th grade, Slinger their imaginative and inspiring works in School District. Art teacher: Patrice the second floor lobby later this summer! Wetak. Austin Wilson, 6th grade; Sebastian Olivia Cannestra, 10th grade, Hamilton Moulis Roe, 8th grade, Berlin Area School School District. Art teacher: Ellen Acuff. District. Art teacher: Jean Yonke. Katie Vannatter, 12th grade, Erika Mullen, 10th grade; Amanda Tomahawk School District. Art teacher: (Top photo) “Fox” Gimenez, 12th grade, Berlin Area School Sara Piller. Hannah Urness, 11th Grade, Mondovi School District District. Art teacher: Angela Breunig. Leena Meyers, 11th grade, Whitnall (Bottom photo) “Sunflowers” School District. Art teacher: Amelia Leah Boyd, 2nd grade, School District of Hernandez. Black River Falls Long-term care insurance: More affordable than you think Long-term care (LTC) services are expensive. In Wisconsin, the average annual cost for a private room Couple’s total benefit: $360,000@ $1,800/month in a nursing home is $106,481 for 365 days of care Ages 35 and 35 $ 82/month for two policies (source: Mutual of Omaha). Unfortunately, neither health insurance nor Medicare pay for LTC services. Ages 45 and 45 $ 88/month for two policies The majority of costs are paid from personal savings and other assets or long-term care insurance—which is more Ages 55 and 55 $ 116/month for two policies affordable then you might think. The sample monthly premiums shown here illustrate the affordability of this Ages 65 and 65 $ 213/month for two policies important protection. Learn more about LTC insurance this summer! Long-term care (LTC) insurance products are underwritten by multiple LTC insurers. Educational seminars in Green Bay, La Crosse, Program administered by LTCi Marketing Administrators Inc. (LiMA). Kenosha, Madison, Milwaukee, Mosinee, Reedsburg, Rhinelander, and Rice Lake have been scheduled during REGISTER ff Seminars/webinars: weabenefits.com/seminars July and August. Individual 30-minute consultations NOW! ff Phone/online consultations: wealtc.membersplan.org will be offered at each location. ff NEW! On-site consultations: wealtc.membersplan.org

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