Why Sell Annuity Payments

Why Sell Annuity Payments
During an insurance claim, you will typically have the option to receive the money as a lump sum,
or spread out over a period of several years. Structured settlements are in place to rather offer long–
term financial security in the form of monthly payments so you can cover your essential living costs
and medical bills. But sometimes financial situations change and you may need a larger, lump sum
of money. Unfortunately, you will not be able to change your secured settlement agreement from a
monthly payment to a lump sum. However, you have the option to sell your structured settlement
payments in exchange for cash.
Selling annuity payments for cash is not a small decision, and there are numerous factors to consider
before making up your mind. ... Show more content on Helpwriting.net ...
Choosing to sell annuity payments can be beneficial for numerous reasons. You get a lump sum
straight in your pocket, which you can use towards a large purchase or investment, or to sort out any
major financial troubles. Financial emergencies are the most common reasons people sell their
structured annuities. Other reasons could be to buy or renovate a home or pay college tuition fees.
Sell your structured settlement payments for cash in your pocket.
Once you make the decision to sell, you can start the sale of your settlement process if you have
valid reasons for it. It is important to deal with a funding company that is reputable, experienced and
has your best interest at heart. The sales process will include paperwork, which includes your
annuity policy, settlement agreement or benefit's letter so the transfer company can confirm
payments, application and ID. All your documentation will then be reviewed. Once the relevant
documents are returned and fully signed, an attorney files them with the court and the court will then
schedule a hearing. There will probably be a bit of a waiting period before your court appearance. In
court, you will need to justify your intent to sell and show proof that you are not putting the
financial needs of you and your family in jeopardy. Unless there are any serious problems, the judge
will usually approve the transfer. Once approved, the judge approves the transaction and the order is
sent to the
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Aflac Case Analysis
AFLAC CASE ANALYSIS
Aflac is Fortune 500 insurance company founded which was founded in 1955 by three brothers,
Bill, Paul and John Amos. "Since its beginning Aflac has believed that the best way to succeed in
our business is to value people. Treating employees with care, dignity and fairness are founding
principles of Aflac" Today, Aflac employs more than 4,500 people and has more than 71,000
licensed independent agents throughout the United States and Japan according to the New York
Stock Exchange business summary. Its principal business is supplemental health and life insurance.
Aflac's insurance business sells cancer plans, care plans, medical/sickness riders, living benefit life
plans, general medical indemnity plans, and ordinary ... Show more content on Helpwriting.net ...
Such as leadership development programs with onsite courses. The instructor led classes host a
variety of subjects for employee seeking personal development as well as career. In addition to this
the company offers outdoor adventure days, on site fitness and child care services.
By achieving to provide these reward programs for its company employees it stay in line with two
of its guiding principles which is to supply quality service for their agents and provide an enriching
and rewarding workplace for their employees. These rewards are also used to attract better qualified
employees and to push employees to have a greater impact on their community. The needs of the
company's employees are a driving factor behind Aflac's total rewards programs. Aflac's total
rewards statements which was originally a one page document is now an in–depth review of the
value of the employment compensation and benefits. These are examples of non–traditional rewards
that are used by Aflac. Traditional rewards that Aflac uses is that the company has an "Volunteer of
the Month" where one of their employees goes and volunteers for a charity of their choice and they
get rewarded by the company they also offer bonus, wages, internal promotion, voluntary benefits
and paid leave.
Some recommendations of expansion of the benefits Aflac offers that would further align HR with
the accomplishment of their goals and values are Retirement programs which will further enhance
the desire for

The Objectives Of Pension Policy
Discussing the objectives of pension policy is important since these goals play a major role in
determining the nature of old age income security, which in turn has implications for the elderly, and
arguably, society as a whole. Hills (2015) focuses on the redistributive objectives of the welfare state
and pensions. By collecting contributions from affluent groups in society, pension systems can aim
to alleviate poverty by vertically redistributing income and wealth to the poorer pensioners
(Hinrichs & Lynch, 2010; Barr & Diamond 2006). However, Barr (2001) argues that pensions
policy performs not only 'Robin Hood' functions but also 'piggy bank' savings objectives (as
insurance against risks and horizontal redistribution over the life ... Show more content on
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'Conservative corporatist' Bismarckian welfare capitalism provides contribution–financed pensions
and comprises of earnings–related benefits with the aim of prioritising status maintenance over
poverty relief (Palier & Martin 2007). In comparison, the Beveridgean pension model is financed
from taxes and focuses on poverty alleviation through universal flat–rate benefits (Hinrichs 2013).
The Anglo–Saxon nations and Nordic countries began as Beveridge–style systems, however since
the 1960s most of these countries have supplemented their basic pension schemes through more
individual means. Table 1 illustrates some of the various pension regimes that countries have opted
for. East Asian pension systems In 1999, Esping–Andersen acknowledged that his original thesis (in
1990) was a static typology of the three worlds of welfare capitalism and that different types of
welfare regimes have emerged in Asia. Peng & Wong (2010) identify two broad patterns of social
policy regime in East Asia: 'the first centres on a more individualistic and market–based model'
promoting funded savings schemes and minimal safety nets (in Singapore, Hong Kong and China),
and the second pattern of regime evolution entails a more inclusive

The Life Insurance Industry
Modern man tries to protect himself and his possessions against many risks like illness, accidents,
death, theft and liabilities. These interests can be protected in various ways:
(a) He can take preventative measures to limit loss such as wearing a safety belt while driving a
vehicle or installing smoke detectors in a factory; or
(b) He can save money and with time build up a private fund; or
(c) Co–operate with other legal subjects to collectively cover losses that have been incurred.
However, in the above three scenarios, protective measures are not adequate protection. The solution
to these problems is found in a formal insurance. Insurance regulation is a dynamic, ever–evolving
to achieve an appropriate balance between providing adequate consumer protection and allowing
them to gain maximum returns. Given that insurers and the products being offered change over time,
it is vital for the regulatory framework to keep pace with dynamics of the Life Insurance Industry.
This study explores areas where the life insurance industry has changed over time through different
product offerings, globalization, evolving technology, and changes in the economic environment of
Discovery Vitality Life. The study provides a framework to assist regulators in assessing which
changes have been successful, which need improvement, and what needs to be addressed in the
future.
INDUSTRY BACKGROUND
The South African life insurance industry has become the fastest growing and most dynamic

Retirement Planning Doesn 't End At Retirement Essay
Retirement Planning Doesn 't End at Retirement
By Grant Barra | Submitted On July 18, 2012
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Expert Author Grant Barra
As millions of Americans transition from full–time work to retirement, they move from the life stage
of asset accumulation to a new stage – distribution planning. Instead of trying to acquire and build
up savings for retirement, they are now repositioning their assets to provide an income they can rely
on for the rest of their lives.
The impact of this shift, which is beginning right now for the initial waves of millions of baby
boomers, cannot be overestimated. Born between 1946 and 1964, these boomers will need to plan
for a retirement that could last for more than 30 years. So, it 's not only those close to retirement, but
an entire generation that may need professional help to ensure that their portfolios will provide an
income throughout their lifetimes.
There are several key risks that can undermine the success of a retirement plan – longevity, inflation,
asset allocation, fund withdrawal rate and last, but certainly not least, health care expenses.
Underestimating the Risk
Many people underestimate what their life

Should One Million Dollars Be Paid?
Most people want thirty years worth of an average worker's income given to them this instant. Well,
as appealing as this may sound, winning one million dollars is in no way good for your long–term
life. Since this is an immediate win, you will not receive the full one million dollars. You will be
given the choice whether you take the money in one payment called a lump sum or have a portion of
the money paid to you annually for twenty to forty years. If you take it all as a lump sum, the 30–
year annuity principle comes into play, and 38% percent of the money will be taken away. This will
leave the winner with $620,000. Receiving some of the cash yearly will have the same effect, except
you'd be predicting that taxes drop and you might make more ... Show more content on
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Even though this is still a lot of money, people should savor the winnings. However, because we
want to have instant satisfaction, humans tend to spend their money rather than to save or invest the
money. For example, famous boxer Mike Tyson was someone who had taken his money for granted.
In his first eighteen years of his boxing career, Tyson had earned over 400 million dollars. But, due
to living a lavish lifestyle and having trouble with the law, he was led to declaring bankruptcy in
2003. Another example would be rapper 50 Cent. His successful investment in Vitaminwater and a
lot of album sales caused him to earn 100 million dollars. Just like Mike Tyson, 50 Cent spent all his
money and his music was not selling well, so he too declared himself bankrupt in 2015. Despite this
information, people still may argue that they would take the step up and invest their money into
stocks or themselves. However, over 52% of American adults have absolutely no money in stocks.
Compare that to how 61% of adults have at least one cup of coffee a day, which only provides
temporary satisfaction and slowly drains

Analysis Of The Article ' Money Savings Techniques ' By H...
Money Savings Techniques
By H Lee Johnson | Submitted On July 27, 2015
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Expert Author H Lee Johnson
How to save more money is a simple question that often begets a simple answer, make more and
spend less. This is certainly a case of easier said than done. Just like losing weight, all you have to
do is just move more and eat less. I wish it was that simple. However, it 's always harder to do
because it involves changing our behavior.
More specifically, I 'm talking about habitual behavior that we all rely upon. All of us have our own
patterns of behavior at work, home, with friends, family, and even in money management. These
behaviors allow us to rely on prior adjustments to maintain a sense of control over our environment.
Its human nature to want consistence, reliability, and even predictability in life. Otherwise, life
seems chaotic and we feel out of control. This can lead to stress and anxiety.
We can all agree that habitual behaviors help make life easier, but what if some of these same
behaviors are counter productive? A common example is someone who makes a good wage, but
doesn 't save. We don 't want to alter the habitual behavior of

Annuity Check Reflection
Two years ago, I visited on of my clients to give her an annuity check. She retired from teaching for
medical purposes. Before, I left she asked me to visit a school, and see if I can assist them in any
way. I never heard of the school, and initially; I dismissed it as some sort of day–care facility.
Keeping my promise, I decided to take down the address, and search for this school on my way back
to the office. After a relatively short trip, I stumbled upon this huge campus. I was in shock and awe
when I drove past a water fountain in a pond looking for the front office. To my amazement, it was
an extraordinary private parochial school located on the Northside of Jacksonville. The school
environment was very warm and welcoming. The students wore very professional business casual
uniforms with ties and berets. The front–desk staff invited me to take a tour of the facility. I was
absolutely astonished on how the children were well–behaved ... Show more content on
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The school was headed by the superintendent a retired senior educator, who was also the pastor of
the church. I was so amazed by the school that I wanted to bring my own boys to this school! This
learning institution seemed too good to be true. However, it has one major flaw that I will explain
later.
This school has the potential makings of wonderful learning institution. Hypothetically, if I were to
create an effective learning community, it must entail a few critical characteristics. First, I would
insist that the faculty, staff and myself share in the vision of the school. I want everyone to feel
comfortable in identifying and resolving problems that manifest during the education process. Our
vision will be in support of a rigorous student learning platform, and the teachers will be expected to
guide their work and decision–making in support of this program. In return, I

Pension Adequacy Essay
Pension adequacy is predominantly assessed by its ability to 'prevent poverty, to replace earnings of
pensioners before retirement and to ensure a living standard on par with the younger population.'
The objective of a pension policy is to offer retirees an income that enables them to have a
reasonable 'living standard and protect them from the risk of poverty and deprivation.' During
retirement, the majority of the older population depend on pensions to act as their main source of
income in addition to any pre–retirement savings (for example, income from assets such as a home.)
[10]
The extensively used measure of pension adequacy consists of comparing retirement income to
income of other age groups. Table 1 in the Appendix displays the median ... Show more content on
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The figure shows that the life expectancies have improved dramatically from 1925 and 1975 for the
younger population, although advancement in healthcare did not make much of an effect on the
elderly population during that time. Meanwhile at age 90, the probability of survival increased
significantly to about 20% in 2010 and will continue to rise due to improvements in medicine.
Although current evidence confirms that the population today are living longer, many are doing so
in reduced health. Report shows that the population aged 65 and over struggle to manage their day–
to–day activities without assistance. Health life expectancy considers mortality rates as well as the
effect of nonfatal conditions. Research shows that increase in healthy life expectancy has been
insignificant in comparison to the rise in life expectancy, and as a result, the population are living
longer but with illness and disability. High costs of medical care therefore also reduce the income of
the elderly to meet other necessities such as food and shelter. In addition to poverty, the older
population is faced by the threat of losing independence, financial or

Implementing A Traditional 401 ( K ) Plan
Recommended Plan
We recommend that SmartKidz initiate a traditional 401(k) plan. A traditional 401(k) plan is a
defined–contribution plan for for–profit organizations. In this plan, employees are allowed to
contribute a percentage of their salary before taxes up to a maximum contribution, which is $18,000
as of 2015 (IRS). In addition, employers may choose to add to each employee's 401(k) plan through
matching each individual contribution or providing a one–time lump sum. Each employee has a tax–
deferred account where he or she is able to choose where to allocate his or her contributions. For
example, mutual funds and target funds are common investment options.
Overall, a retirement plan, such as a traditional 401(k), is the key to a ... Show more content on
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In addition, there is more portability for retirement savings; 401(k)s can be rolled over into IRAs if
employees change companies. This is a significant benefit for millennials who are expected to
remain with companies for 3–5 years before switching. Further, as for retirement plans similar to a
Roth or Safe Harbor, a traditional 401(k) is less expensive and easier to manage. However, these
types of plans can be added on later, if SmartKidz would desire.
Suggested Provisions
In a preliminary outline of the plan, we have several key suggestions. First, SmartKidz should allow
both full–time and part–time employees to contribute to a 401(k) plan. Although part–time
employees may result in higher administrative costs as a result of the high turnover associated with
this category of workers, it is very important for these employees to be able to contribute to
retirement plans. All of SmartKidz' part–time employees are between the ages of 25 and 65; they are
not high school students trying to earn a paycheck. Your part–time employees are part–time for a
reason–pregnancy, disability, and other household duties–so to accomplish your goal of showing
respect and dignity, you should allow them to put money towards their future. In addition, allowing
every employee to contribute would reduce the possible tension between full–time and part–time
employees and increase the overall morale. Additionally, it could even reduce the turnover in part–
time

What Makes A Variable Annuity?
There are a lot of financial products which receive some negative attention, such as gold and whole–
life insurance, however if there was one investment product which consistently received bad news, it
would have to be the variable annuity. We often hear about dishonest brokers who push people into
high fee annuity plans without explanation. Should we avoid them at all times though? Are there any
cases where an annuity makes sense? Let 's find out. First, let 's explain just what a variable annuity
is. Essentially it 's a contract between you and an insurance company. In return for your lump sum of
money, the insurance company will provide you a stream of income at some future date. Quite often
newer annuity plans will also offer a death benefit and additional withdrawal options. When you
withdraw money from annuity, you will have to pay your normal income tax rate, and if you are
under age 59 and a half, you will have to pay another 10% penalty! Inside the annuity, the money is
invested in some sort of investment, such as a mutual fund. If the mutual fund and the economy do
well, they might increase the amount of money you get annually. So far annuities do not sound too
desirable. Are there any advantages? It turns out there are a few. The biggest advantage is that you
can invest money tax deferred with out yearly limits much in the way you can with 401k or IRAs. In
all cases it makes sense to shelter your money with a 401k first or an IRA before you consider an
annuity,

Life Expectancy : The And Health Subsidies Essay
1. Introduction
During retirement period, the main problem that the elders face is the support gap, which occurs
when consumption begins to exceed income on a regular basis. A regular retiree would amass large
amount of wealth during their working life to prepare for this period. The role of government is also
critical to help minimize this gap through plans like superannuation and health subsidies.
Nevertheless, there are many risks that may challenge the continuity of these plans.
2. Personal Risks
One of the biggest risks that the elders faced is the longevity risk, which determines the period in
which an elder is exposed to the other risks mentioned in this paper. Even with the advancement of
science and technology, it is still impossible to accurately predict a person's time of death. However,
life expectancy can be used as a reference that shows the 'expected' age of death in a particular
region. People often underestimate their lifespan, causing them to run out of money before death. In
Australia, the life expectancy for both men and women has increased tremendously over the past
century to above 80 years old, increasing the likelihood for an elder to be exposed to these
retirement risks. Therefore, a careful retirement plan should be arranged to reduce this risk.
Joining social security programs, traditional pensions and payout annuities are ways that can
minimize the support gap. For instance, an annuity allows an individual to build their funds during
their

Assignment 52 Annuities
Date: 14/11/2012
52. Annuities:
You are saving for the college education of your two children. They are two years apart in age; one
will begin college 15 years from today and the other will begin 17 years from today. You estimate
your children's college expenses to be $23,000 per year per child, payable at the beginning of each
school year. The annual interest rate is 5.5 percent. How much money must you deposit in account
each year to fund your children's education? Your deposits begin one year from today. You will
make your last deposit when your oldest child enters college. Assume four years of college
Solution:
Cost of 1 year at university = 23,000
N=4
I=5.5%
PMT=23,000
CPT PV = ... Show more content on Helpwriting.net ...
Solution:
The price of a bond is equal to PV of expected future cash flows
Bond M:
Face value 20,000
Present value of 20,000 = 20,000/ (1.05) ^40
= $2,840.91
First we need to get the present value of the annuity for the 1,500 semiannual PMTs at year 14

Present Value of Annuity = $13,295
$13,295 becomes $3,391 at year 0
We then get the annuity of the 1,200 semiannual PMTs at year 6, and then at Present Value
$13,005 at year 6 with a PV of $7,242 at year 0
The sum of the 3 PV's gives us the value of the bond
2,841 + 3,391 + 7,242 = $13,474
Bond N
Face value 20,000
Present value of 20,000 = 20,000/ (1.05) ^40
= $2,840.91
38. Non–constant growth:
Storico Co. just paid a dividend of aud 3.5 per share. The company will increase its dividend by
20% next year, and will then reduce its dividend growth rate by 5% per year, until it reaches the
industry average of 5% industry average growth, after which the company will keep a constant
growth rate forever. If the required return on Storico stock is 13%, what will a share of stock sell for
today?
Solution :
D0 = $3.5
D1= 3.5*1.2= $4.2
D2= 4.2*1.15= $4.83
D3=4.83*1.1= $5.31
D4=5.31*1.05= $5.58
Since the first 4 periods are different we get the PV of each one alone, then as of the 4th year we get
the perpetuity of the rest, and sum them up to get the final NPV
We

Case Study : Clifton Wharton 's President Of The State...
Summary
Clifton Wharton was not a stranger to adverse condition when he became chief executive officer of
Teachers Insurance and Annuities Association–College Retirement Equities Fund. He displayed an
authoritative personality to change the organization course of action. His leadership moment
consists of many key actions which help restructures TIAA–CREF toward its current progress.
Clifton Wharton in 1969 was appointed president of Michigan State University becoming the first
African American to head a major Research I institution. He is a graduate of Harvard University
B.A. with cum laude honors in 1947. He received a M/A. in 1948 from John Hopkins University
and the University of Chicago M.A. 1956 and Ph.D. in 1958. He later went on to become the
Chancellor of the State University of New York system. Wharton was the first African American to
head a Fortune 500 company and lead a vibrant career in higher education, business, and foreign
policy prior to his retirement in 1993.
Wharton leadership moment previous success contributed to his success. TIAA–CREF is a
nationwide retirement system for college and university professors. The company had a total of
3,950 account holders with 890,000 assets worth $52 billion. The company was considered a
slumbering giant in operational backwater. The employees were laboring in dingy quarters and
account holder disapproved of the inflexible rules. At the time, it gave individuals no control over
their retirement funds. This left

The American Dream ' Is Overrated Essay
The "American Dream" is overrated. Let's just face it, it is dead. Not only is this a dream that is
almost lusted after by many Americans, this is a widely desired illusion that is far out of reach for
most working class people. The American Dream is more than the lifestyle of white picket fences
that hold backyard barbecues with your neighbors. It's earning a living wage that creates a
comfortable quality of life, having the security of retirement, and giving your children the
opportunity to live a successful life. The American Dream doesn't run on magic and fairy dust, it is
fueled by hard–earned American dollars, persistence, and hope. Most modern, working class
families can't expect to receive a reasonable income to cover things such as medical expenses and
emergencies. With that said, the stay–at–home parent trying to reach the goal of a perfect oasis is
even more taboo. It's hard to achieve this "dream", when you're the only breadwinner in your
household. Parents can no longer live comfortably, and in some cases even survive, on one person's
income. The costs of homes, transportation, and education combined with incredibly low wages
often leaves families in a crippling financial situation, making it virtually impossible to, "keep up
with the Jones's." Speaking realistically, most people live in the moment. We focus on things
happening in our lives now. Life itself is a constant quest for happiness and security in a world that
is very often uncertain, and even

Medical Examination : Premature Claim Essay
Premature claim
It is a premature claim if the death has occurred within two years from the commencement of the
policy or the date of last revival, or medical examination. The insurer takes certain precautions
before making payment under such a premature claim.
It wants to satisfy itself that it is a genuine case i.e., the correct policyholder has died and that the
cause of death does not go back to a date prior to the commencement of the policy. The duration of
last illness is of vital importance to eliminate any fraudulent intention. Last medical attendants'
certificate, hospital report, burial certificate, employees' leave record, if he was an employee in a
reputed firm etc, are the different records examined and normally a senior officer is deputed by the
insurer to make on the spot investigation, through neighbours, colleagues or doctor of the locality.
As the revival of the policy is a de novo contract of insurance, the insurer would like to verify
whether the statement contained in the declaration of good health given at the time of revival is
correct. If such a statement is proved fraudulent relating to a material fact, the claim, may be
rejected. Life insurance is a contract of utmost good faith and good faith has to be observed, not
only at the time of the proposal, but also at the time of the revival of the policy whenever it is done.
In case there is a rival claimant to the insurance money, the insurer can get a valid discharge by
paying to the nominee. The

Annuity Insurance Products : Insurance Companies
Annuity Insurance Products
Insurance companies also sell annuities, a special type of insurance that 's primarily designed to
protect people during retirement. Each type of annuity has unique features that are designed to
address specific situations. The annuity works like a pension plan that 's based on your life
expectancy and initial investment. The non–premium portion of the annuity is not taxed, but the
interest portion is subject to tax.
Benefits of annuities include no annual limits to contributions, the ability to create annual income
that you won 't outlive and death benefits that can pass directly to your beneficiaries without going
through probate delays and expenses. You can ensure that your heirs receive a guaranteed death ...
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Lifetime Annuity
This insurance product guarantees a lifetime payout, which makes it an idea supplement to Social
Secuurity.You can even buy the product for two lifetimes –– yours and your spouse's.
Master Limited Partnerships
Master limited partnerships or MLPs generate solid tax advantages for investors who are willing to
accept slower growth but with less risk. Used in slowly growing industries like pipelines, the MLP
business structure consists of managing general partnership shares and limited partnerships that have
no say in operations. Cash distributions remain relatively stable over time, and yields usually fall in
the 6% to 7% range. Unlike corporations where income is taxed twice, partnership owners only pay
tax when they receive their distributions.
Any capital gains are deferred until you decide to sell your shares of the partnership, which makes
these partnerships sound tax–advantaged investments. MLPs can be used to pursue wide–ranging
projects that just aren 't feasible for investors if they face double taxation on limited growth options.
Receiving higher yields are your reward for investing in entities that are tax–advantaged.
MLPs trade like stocks. Partnership earnings can be offset by depreciation that you can deduct and
domestic energy tax breaks

Installing A Desktop Technician For The Annuity Group
In the last sixteen weeks, I have spent my time as an intern at Great American Insurance Company
in Cincinnati, OH. I was interning as an IT Desktop Technician for the Annuity Group. Interning in
this position meant being apart of a Desktop IT team, which consisted of two full–time employees
and myself. Throughout my interning time, I have learned a lot of new things, improved on some of
my weaknesses, and also strengthened some of my strengths. On the job, my main role was to work
on PC refreshes. This meant handling users within the company's old desktop computers and
upgrading them to a new laptop. The process is very important because all users without laptops
were still using Windows XP operating systems, which is very outdated. The upgrade process
allowed for an upgrade in operating system as well, which was Windows 7. The routine was very
organized. Essentially, our Asset Management Team would send tickets through our "ServiceNow"
application with lists of people who needed upgrades. The upgrades are based on how old your
machine is. Once I get the list, I go down to our IT laboratory and either use a nicely, refurbished
laptop or a brand new laptop. Then, I go and put the laptop on our workstations in the laboratory and
put our company's base image onto the laptop. The base image for all of our laptops includes
roughly twenty or so applications/software that all of our users need. This includes Adobe Acrobat,
Microsoft Office 2010, SQL Native Client, Skype

Retirement Should Be An Enjoyable Experience
Retirement is supposed to be an enjoyable experience. Most seniors hope that their lifestyles will
continue in the same fashion as it is at the time of retirement. Retirement is anticipated as a time of
more leisure, a time for slowing down from the daily rat–race and enjoying life. Many retirees hope
to take advantage of the opportunity to embrace a simpler lifestyle and experience less stress.
Unfortunately, for many, this turns out to not be the case.
Although some retirees have planned adequately for retirement, many are ill–prepared. The
statistics, when viewed, are alarming. Only 53 percent of workers have retirement plans and only 48
percent actually participate in a 401(k) or retirement program offered by their employer. Some
thirty–eight million, approximately 45 percent of current households with working–age individuals,
state that they have no retirement savings at all. "The median retirement account balance is $3,000
for most working–age households–with and without retirement accounts–and $12,000 for near–
retirement households." (Farmer, 2015) (Carlozo, 2014) "Even for those who do have a 401k, IRA
or other retirement fund, the median balance at retirement is $120,000. That may sound like a lot,
but for the typical household, that amounts to only $400 a month." (Sherter, 2014)
There are various reasons seniors might not have a retirement fund. A significant reason, says
Anthony Webb, a senior research economist at Boston College's Center for Retirement

Comparison Of Meg And Jo 's Superannuation Funds
As demonstrated in the table above, a smaller personal contribution percentage results in a lower
future value, emphasising the importance of personal contributions towards a superannuation funds.
Jo's longer time period of personal contributions of her wage towards her fund resulted in a higher
future annuity, despite the same interest rate shared by both Meg and Jo. While Meg, who waited
until she was 35 years before making personal contributions, was unable to compound the same
interest, and thus reach the same future annuity, as Jo, despite making a higher contribution of 5%.
Recommendations
In comparing the future values between Meg and Jo's superannuation funds, the longer time period
of Jo's personal contribution resulted in a greater change when increasing the percentage
contribution. For example, the difference between the 2% and 4% to the future value in Meg's
superannuation account is of approximately $46,135, while Jo's future value increases significantly
to approximately $88,778. This difference is accredited to the longer personal contribution made by
Jo. As such, personal contributions made to a superannuation fund in the initial stages and over a
large time period are recommended to maximise a retirement payout.
Limitations and Assumptions
An assumption limiting the accuracy of the aforementioned calculations is the postulation that Meg
and Jo's wage remains at $45,500 throughout employment. If Meg and Jo were to be promoted and
given a higher wage, the

Military VS Civilian Compensation
Military Compensation versus Civilian Compensation
Military Compensation versus Civilian Compensation
The advantages of a career in the U.S. military greatly outweigh working in a civilian career when
considering compensation such as education, salary, health care, and retirement. In today's economy,
everyone is looking to receive the most from his or her employer. A person wants a salary that can
provide for his or her family, a healthcare plan with little out–of–pocket cost, retirement benefits to
plan for the future, and an education that makes it all that possible. The military offers exemplary
tuition assistance and salary when benefits such as the basic housing allowance are taken into ...
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Becoming eligible for a defined–benefit plan requires that employees work for the company for a
minimum of five years; however, retirement payouts are larger the longer an employee stays with a
company. Civilian employees must also wait until at least age 62 to retire and can retire anytime
between the age 62 and 70; however, retirement benefits are reduced when an employee retires
early. Military retirement plans are very different from their civilian counterparts, in that military
service members do not invest any money into their retirement plan. After 15 years of service a
military employee can choose between two plans: a standard High–3 plan or a Redux retirement
plan. The standard High–3 plan bases retirement pay on the highest average basic pay for 36 months
of a service member's career. Choosing the Redux retirement plan, a service member will receive a
$30,000.00 bonus, a percentage–based annuity, and basic pay. Military employees can retire after 20
years of service, so the average age of a service member at retirement is age 40. Another remarkable
benefit that military service members can use for retirement is a thrift savings plan that resembles a
civilian 401k. The most significant difference in a thrift savings plan is that the military does not
match any employee contributions. By not matching what a service member invests

Aetna Life Insurance Mission Statement
Background Aetna is a health care company that focuses on health care insurance for services, such
as medical, dental, and disability plans. According to Forbes (2015), Aetna was ranked as number
three from the top eleven biggest insurance providers in America. The company was categorized a
reputable, friendly, and a diverse work place, despite some negative reviews. The following
subtopics will be discussed in detail: the company's history, key people, values, and mission.
Company history The original company was founded in Hartford, Connecticut, named Aetna Fire
Insurance Company. The name was inspired by an 11,000–foot volcano, which was the most active
volcano in Europe. The corporation was later renamed in 1850, as Aetna Life Insurance ... Show
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The summer internships are paid, ordinarily last 10 to 12 weeks, 40 hours a week, from June to
August. A summer internship does have two qualifications to be eligible to apply; the applicant must
be currently enrolled in a bachelor's degree program and have a GPA of 3.0 or higher
(Undergraduate Summer Internships, n.d.). The bachelor's degree can range from finance to health
management and from nursing to marketing. After successfully completing the internship and
graduation, interns are offered jobs with Aetna. Interns will be participating in a cross–functional
project analyzing an issue Aetna is currently facing, and they should be able to provide any
suggestions. They will also do community service initiatives, a mentoring program, and networking

Annuity Contract
Introduction This research project aims at determining IRS position with respect to a petitioner's
income tax returns and its relation to the annuity contract. An annuity is made through an insurance
company and designed to last the entire lifetime of an individual. The amount payable to the
beneficiaries is intended to convert the specific sum of money in terms of periodic payments. The
payments are guaranteed for the lifetime or longer of the individual. Relying on the background of
the context, IRS has specifically outlined the provisions for periodic payment and taxable portions
of the annuity contract. Under this context, gross income is exclusive of any amount receivable as
annuities under the annuity contract. The regular payment depends ... Show more content on
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According to section 165 (a), there is a precedent deduction for "any loss" that is sustained for a
taxable year or any loss that insurance company or otherwise fails to compensate. Section 165 (e)
stipulates that a loss arising from her father's fraudulent act is considered to be sustained during the
taxable year in which my client discovered such loss. Reed v. Commissioner concluded that if in the
year of discovery that there is an allegation for compensation that has an evenhanded prospect for
recovery, a theft loss will not be taken into account as sustained until that tax year when it will be
ascertained with reasonable certainty. Filing a lawsuit against her father with an aim of recovering
the purported loss brings about an interpretation that my client has such claim. The father's
fraudulent act led to an intentional misrepresentation with intent to gain a financial

Fin 334 Week One Assignment 1
Week One Assignment 1 Sametta Rose– Pollydore FIN 334 April 9, 2016
Instructor McAndrew
Week One Assignment 1
A. Sonja fails to pay the second annual premium due on January 1. She dies 15 days later. When it
comes to the premium which is the ordinary life insurance, the beneficiary will receive the proceeds
of that policy because there is a grace period of 31 days to pay the overdue premium and by Sonja's
death occurring within that time frame of the grace period the beneficiary has the right to receive the
proceeds from ... Show more content on Helpwriting.net ...
She is uninsurable but would like to obtain additional life insurance. In this particular situation
Sonja has already attached the guaranteed purchase option to her ordinary life insurance so;
therefore she doesn't have to worry about not being insured. She also can obtain additional life
insurance because she will not need to show evidence of insurability. (Rejda, George, McNamara,
2014).
E. Sonja is seriously injured in an auto accident. After six months, she is still unable to return to
work. She has no income from her job, and the insurance premium payments are financially
burdensome. In this case Sonja has an ordinary life insurance with the waiver–of–premium attached
so after six months all premiums would be waived if Sonja is totally disabled. Under some policies,
a retroactive refund of the premium paid during the first six months would be paid. (Rejda, George,
McNamara, 2014).
F. Sonja has a mentally disabled son. She wants to make certain that her son will have a continuous
income after her death. In this particular situation I would say to have a Trust as well as a Will.
Having a Will can specifically state exactly what the decease last wishes were and by having a Trust
with someone assigned to the Trust or a guardian on the Will, will make everything crystal clear
with no hassles on what the last demands were. Another way is to use the fixed amount or fixed
period option which

The Importance Of Technology And Technology
Technology has become a vital part of the insurance over the past decade in a plethora of ways,
ranging from mobility to Big Data, and even social media. We are in a new era and insurance
companies/agencies are being pushed to adapt, or face being pushed aside to those expanding with
society. By utilizing the technology and new ways, they are maximizing customer outreach and
satisfaction. The need for personal interaction is still a must, but slowly diminishing, yet there will
always be a need especially for the elderly generations. Mobility consists mostly of apps and cellular
devices. With the uses of these apps and devices, mobility is reshaping the entire industry by making
it more efficient, giving the consumer control directly from ... Show more content on
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By using Big Data, companies can take the past accidents and experiences that have occurred and
build a "model" to help predict what might likely happen in the future. These "models" that help
predict the future are built from the relationships between variables from the collected data. There
are many uses for the Big Data, but one very important use is for insurance premiums. Tying back to
efficiency, which is the most important vocabulary word of insurance, to be able to cover their risks
and make a profit at the same time companies must set their premium prices at the appropriate level;
exactly where the Big Data comes into play. It is even working its way into health and life insurance
with the establishment of the Apple Watch and Fitbit, because consumers can monitor and record
their activity and lifestyles. These recordings offer companies proof of healthy customers, therefore
gifting them with discounts. To market their products as efficiently as possible, and to grasp the
attention of newer generations, insurance companies are utilizing social media pushing their
profitability to the maximum level. They are branding themselves so that their potential customers
can differentiate between products, and so that they can hit the proper audiences. With the
adaptation to social media, companies can share

The Pros And Cons Of Compensation
Compensation is defined as all forms of financial and non–financial rewards, benefits and tangible
services that employee receives in return for the work from an organization (Milkovich, Newman &
Gerhart, 2010). In recent years, most of the companies in Malaysia are followed the trend of pay
increase with productivity gains. This scenario increases the economic development in Malaysia.
With the rapid growing of economic in Malaysia, the cost of living is getting higher. People are
expected to obtain a job with high pay and good compensation package. From current society
perspective, pay is a measure of justice and fairness. Every employee should be treated fairly
because they will compare oneself with another individual. Thus, it is important for us to justify the
cash and incentive compensation policy of company D from society perspective. Firstly, company D
conducts a performance management system in "Pay for performance" basic. From society's
perspective, performance management system is a system that enables the organization members to
... Show more content on Helpwriting.net ...
According to Employment law 1955, overtime is defined as numbers of working hour exceeds
normal hour of work (8 hours) per day. Overtime has been divided into 3 types which are work as
overtime in normal working day (after 8 hours), work on rest day and work during public holiday.
According to International Law Book Service (2014), the overtime rate in normal working day is 1.5
times of daily salary whilst the overtime rate for rest day is half of daily salary for first 4 hours and
back to normal after 4 hours. For overtime during public holiday, the overtime rate is double of daily
salary for first 8 hours and triple of daily salary after 8 hours. From society perspective, any
compensation form including overtime should be enacted to increase the perception of fairness and
vetted by the legal to protect employee's financial security (Jonas Johnson,

Annuity Phenomenon
Write an essay on dynamics phenomena of annuity markets in Hong Kong Nowadays, an increasing
number of citizens in Hong Kong would like to sign annuity contracts for themselves. This enhances
the growth of annuity markets in the town. In this essay, we focus on dynamics phenomena of
annuity markets by talking about the basic knowledge and definitions of common forms of
annuities, as well as the pros and cons of annuities and how to manage them and compare the
annuity products among different countries with examples. Contract owner purchase the contract
and pays the premium for the annuity. Annuitant is the person who will receive the scheduled
annuity payments. Beneficiary will receive the funding in the case that annuitant dies before the
funding is being redeemed. Insurance company is the party that keeps the funds, supervises the
contract and responsible ... Show more content on Helpwriting.net ...
Annuity immediate, also known as ordinary annuity or annuity in arrears, is the most common
annuity form in the territories. It is an annuity with payments of one unit each, made at the end of
each year for n years with the rate of interest per period is i. The present value of annuity (a_n) is the
sum of each payments' present values. Its equation is given by a_n=〖1–(1+i)〗^(–n)/i. Future
value of the annuity (s_n) refers to the accumulated value of the annuity at time n. Its equation is
given by s_n=(〖(1+i)〗^n–1)/i. Another well–known form of annuity is annuity–due. It is an
annuity in which the payment is paid at the beginning of the payment periods. Perpetuity is an
annuity with no termination date with numerous of payments, such as dividends of stocks. Deferred
annuity is an annuity which payments can start after a period of time. It is suitable for some clients
who want to stop to pay for a short time interval due to his or her financial problems. Some more
examples of annuities are fixed annuities, variable annuities and equity–indexed annuities

Bruce And Johnston Retirement Case Summary
Bruce and Faith Johnston are 64 and 58 respectively and plan to retire within the next 2 years. They
have a combined net worth of $456,990 and if they accomplish their goals of paying off their
outstanding debt and their mortgage, their net worth will increase. Their current monthly income
sums to $5,666 and their total monthly expenses totals to around $4,500 with $1,000 of it as
expenses for subsidizing living expenses for their two children as a result of a "late parenthood".
With the idea of retiring within the next two years, their main source of income following retirement
is the $235,000 in Bruce's company profit sharing plan, and the potential inheritance of $150,000
from Faith's father. Their monthly household expenses include $850 for their mortgage, which has
nine years of payments remaining, $400 for property taxes, $300 for utilities, $250 for insurance,
and $278 for their new car that still has 48 payments left. With their monthly income totaling
$5,666, that leaves only $1,166 a month for various expenses that might pop up and for further
investments into Bruce's profit sharing plan. They do not have any cash assets, which is a negative
about their financial situation. They also have numerous debts which include their $75,000
mortgage, $13,344 for a car loan, ... Show more content on Helpwriting.net ...
Once Bruce retires, his employer will become a secondary payer, as Medicare will be the primary.
His employer will continue to provide health benefits for Faith for an increased premium of $352
per month. They also have coverage for both their car and home with $300,000 liability limits. The
couple does not have disability insurance and at this stage in their life they might not need it. They
also do not have an umbrella insurance policy to cover all of their belongings, which I would
recommend them looking into instead of just insurance for their home and

Janet 's Case For Life Insurance
Janet applied for life insurance on February 10, 2003. The amount her policy would pay out upon
her death would be $250,000. On September 1, 2005 Janet was sadly murdered which caused the
life insurance company to pay out the beneficiary who in our case is Janet's husband, Craig.
Although the contract should have been paid out in full upon Janet's death, the insurance company is
refusing to pay out the policy. When Janet applied for life insurance in 2003 she when through an
extensive application form which is typical for all life insurance contracts. On this form she was
asked about her health specifically if she had been operated on or been hospitalized in the last ten
years. Along with that and many other things Janet was asked if she had any lung disorders. She
replied to both of these questions with no when in fact she had been in the hospital several times in
the last ten years and had a lung disorder. She suffers from recurrent chest pains and abdominal
pains. She has also been diagnosed with pulmonary embolism. For these two reason and more the
life insurance company is refusing to payout the policy to Craig.
A normal case of life insurance is paid out upon the death of the person insured but in this
circumstance the payment is being withheld. The main legal issue in this case is can the life
insurance company withhold payment of the insured amount. On that another hand does Craig, the
beneficiary of the life insurance, have the right to receive or to be owed the

Protection Regulatory And Development Authority
The protection division in India has finished a full circle from an open aggressive business to
nationalization and afterward back to changed open business. LIC of India has been the observer of
the whole change starting with one stage then onto the next. In 2000, when Insurance Regulatory
and Development Authority (IRDA) was situated up in India, 23 more private disaster protection
organizations entered till date into the Indian market other than one current open extra security
administrator LIC of India. The table incorporates the whole development
Table1: Total number of life insurance companies operating in India since 2000
Years Public Sector Private Sector Total
2001 1 10 11
2002 1 12 13
2003 1 12 13
2004 1 13 14
2005 1 14 15
2006 1 15 16
2007 1 17 18
2008 1 21 22
2009 1 22 23
2010 1 22 23
2011 1 23 24
2012 1 23 24
Source: Annual reports of IRDA 2000–2001 to 2011–2012
Protection Regulatory and Development Authority (I.R.D.A.) come into capacity on nineteenth
April, 1999 as a self–sufficient body in the life coverage area in India. The principle goal of IRDA is
to manage and register the life coverage organizations working in India. In January 2000, it
embraced three–pronged business techniques for business, which included diminishment in
premiums, higher returns and presentation of new items. It likewise tied up with ICICI Bank, HDFC
Bank, UTI Bank and Bank of Punjab to straightforwardly dispatch clients ' strategy premiums and
charge their recordsafter the exchange.

Annuity
Annuities, Sinking Funds, and Amortization
Math Analysis and Discrete Math – Sections 5.3 and 5.4
I. Warm–Up Problem
Previously, we have computed the future value of an investment when a fixed amount of money is
deposited in an account that pays interest compounded periodically. Often, however, people do not
deposit money and then sit back and watch it grow. Rather, money is invested in small amounts at
periodic intervals. Consider these problems: 1. Chrissy deposits $200 each year into a savings
account that has an annual interest rate of 8% compounded annually. How much money will Chrissy
have in her account after three years? Hint: Make up a table of how much she has in her account by
year.
2.
Ben saves $50 per month in a credit ... Show more content on Helpwriting.net ...
Problem 3: Paying off Bonds The state has $5,000,000 worth of bonds that are due in 20 years. A
sinking fund is established to pay off the debt. If the state can earn 10% annual interest compounded
annually, what is the annual sinking fund deposit needed?
Problem 4: Managing a Condo The Crown Colony Association is required by law to set aside funds
to replace its roof. It is estimated that the roof will need to be replaced in 20 years at a cost of
$180,000. The condo can invest in treasuries yielding 6% paid semiannually. If the condo invests in
the treasuries, what semiannual payment is required to have the funds to replace the roof in 20
years?
***Problem 5: Time Needed for a Million Dollars If Josh deposits $10,000 every year in an account
paying 8% compounded annually, how long will it take him to accumulate $1,000,000?
Homework: 5.3: #1–25 every other odd, 35–36
Page 4 of 7
V. Present Value of an Annuity
Definition: The present value of an annuity is the amount of money needed now so that if it is
invested at i percent, n equal dollar amounts can be withdrawn without any money left over.

Problem: College Tuition Jessica's parents will be paying her college tuition of $20,000 per year for
4 years. If they currently have the money invested at 6% compounded annually, how much money
do they need to have in the account to pay the tuition? (Assume that "now" is the beginning of the
year and the payment will be made at the

Healthcare Insurance : The Genesis Of Aetna
Aetna Health Insurance
The Genesis of Aetna
I have worked for Costco Wholesale for awhile in addition to being a student at Loma Linda
University and Costco is partnered with Aetna to provide it's employees with health insurance. I
realized I know virtually nothing about this company, so I thought it might be a good idea to select
this company for my research paper.
Today Aetna is a managed health care company, which is a seller of traditional and consumer
directed health care insurance plans and related services, such as medical, pharmaceutical, dental,
behavioral health, long–term care, and disability plans. However this was not always so and it is
interesting to take a look at the start and development of Aetna; what it was and how it transformed
slowly over time into what it has become. Conclusion: We can all learn a lesson from this company
on how to grow from something small into multifaceted multibilion dollar company.
Even the name of Aetna has an interesting origin. In it's genesis in the early 1800's, it started out as a
fire insurance company in Hartford, Connecticut. At that time Europe's most active volcano was
named Mount Etna, and Aetna wanted to make a play on words with that for their fire insurance
company. Henry Leavit Elsworth was it's most prominent president during this first phase, taking
office in 1819.
From Fire To Life and Beyond: The Evolution of Aetna
Aetna remained small until 1850 when it expanded into Life insurance and made it an

Pros And Roles Of Entrepreneurship
Entrepreneurship happens to be getting popular and fast rising to be the largest employer of labor in
many developed nation's economy. An entrepreneur is an individual who, rather than working as an
employee, runs the small business and assumes all the risks and rewards of a given business venture,
idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader
and innovator of new ideas and business processes. Entrepreneurs play a very important role to the
society. It is because the entrepreneurs and their activities are the critical determinant of the level of
success, prosperity, growth and opportunity in any economy. the most dynamic societies in Thailand
and in the world are the ones that have the most entrepreneurs plus the economic and legal structure
to encourage and motivate entrepreneurs to greater activities. Then Entrepreneur becomes one of the
most interesting occupation for more and more people especially for Gen Y(born between 1982and
1993) and Gen Z(born between 1994and2010) because they can use social networks as a new form
of communicating to their suppliers and customers. The improve of technology such as
communication technology is the most important reason to increase the number of self employed
business. Since Entrepreneurs don't have pension then it is their own responsibility to determine
what type of retirement plan suits their particular requirements. It can be a bit confusing because
there are plenty of

The Salary Payments Should Be Paid Essay
This is a screenshot showing the number of hours if an individual worked and how long their break
would be.
Holidays
Moreover, the part time officers will receive the same number of public holidays as the full time
officer. Although, the hours and pay for each will be made on a pro data basis to hours normally
worked. The part time regulations also introduce for those workers free days; these are days when an
officer is not on normal duty day, rest day or public holiday. The free day should be clearly
identified on the shift pattern workings to ensure that payments are made correctly.
Temporary Salary payments will be made to officers working on a part time and job share basis
where they work the equivalent of the 14 day qualifying period by completing full shifts totalling
112 hours.
Pension Rights
Pension Implications Officers should seek advice on individual pension implications from the Force
Pensions Administrator.
Normal Pension Age for police officers will increase to age 60, compared to a Normal Pension Age
for most public servants linked to state pension age (planned to rise in stages to 68). Moreover, there
will be protection for those who close to retirement. This will depend on their age and service as an
officer.
However, there will also be protection for those officers closest to retirement, who will be entitled to
remain in their current police pension scheme beyond 2015. This will depend on the age and length
of service of each officer.
Before making

Pension Plans Research Paper
Pension plans are arrangements aimed to provide an income to individual during their retirement
years. During their working years, some funds are usually set aside so that they accumulate. Those
funds will be made available to replace wages at retirement. Accepted accounting principles
(GAAP) refers to the US guidelines and procedures that accountants or others are required to
present their financial information (Kilgour, 2006). The GAAP also comprises of specific principles
regarding the presentation and release of some commercial activities such as continuity of asset
value and revenue recognition. The municipalities should use GAAP because it helps in maintaining
consistency in their presentation of financial information, it will also ... Show more content on
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New disclosure rules will require pension funds and employers to display the assumptions trustees
approve for projecting investment returns by asset class.
Defined benefit (DB) pension plan is whereby workers accrue a promise of regular monthly
payment from when they will retire and when they die. The promised life allowance is mostly based
on a formula linked to an employee's wages or salary and years they have worked at the firm. A
defined benefit approach offers employees with lifespan retirement earnings depending on the
formula which accounts for the service as well as final standard salary.
Defined contribution (DC) pension plan, workers, accrue funds in their accounts administered by
their employer. The input of the employees is typically deducted directly from their salary. Since
contributions to DC plans are fixed percentages of earnings DC assets, build at a relatively steady
rate over time avoiding accumulation of benefits, which is a hallmark of DB plans. In contrary to the
defined benefit approach, defined contribution strategies are similar to savings financial records.
The worker and employer or companies both add money to these accounts, and the employee
identifies the investments from a catalog of alternatives presented by this plan (International
Monetary Fund, 2005). Therefore, the benefit projected at the period of retirement is

History Of The Traditional Ira
History of the Traditional IRA
The Individual Retirement Account, or IRA, was formed in 1974 under the Employee Retirement
Income Security Act (ERISA) (Holden, Ireland, Leonard–Chambers, & Bogdan/Investment
Company Institute, 2005). When the Traditional IRA was first created, it had two functions: the first
was to give tax benefits to workers who contributed to an IRA without an existing employee
retirement plan, and the second was to allow funds in an existing employee retirement account to be
relocated to an IRA when he or she changed jobs or retired (Holden, Ireland, Leonard–Chambers, &
Bogdan/Investment Company Institute, 2005). Since then, eligibility requirements and contribution
limits have changed, and different forms of IRAs were established.
How a Traditional IRA Works
An individual retirement account (IRA) is an account for individuals to save money for their
retirement and receive certain tax advantages on the money saved. With this account, the individual
makes yearly contributions based on his or her income, and as a result, the individual obtains
income tax benefits. The earnings grow without being taxed until retirement. Depending on the
amount of income the individual earns, a portion or all of his or her earnings may be tax deductible
(Rejda & McNamara, 2013, p. 285). Two requirements must be satisfied in order to establish a
Traditional IRA: first, he or she must be younger than 70 ½ years old; second, the individual must
have taxable earnings throughout

Charitable Gift Annuity
Now, let's talk about the charitable gift annuity. A charitable gift annuity is a simple contract
between the donor and the charity. In exchange for the donor's irrevocable gift of cash, securities, or
other assets, the charity agrees to pay one or two annuitants that the donor has named a fixed sum
each year for life. The payments are backed by the general resources of the charity. The older their
designated annuitants are at the time of the gift, the greater the fixed payment charity can agree to
pay. In most cases, part of each payment is tax free, increasing each payment after tax value. If the
donor gives appreciated property, the donor will pay capital gains tax on only part of the
appreciation. In addition, if the donor names themselves as the first or only annuitant, the capital
gains tax will be spread over many years rather than all due in the year of their gift. ... Show more
content on Helpwriting.net ...
The benefits of a charitable gift annuity. The donor will qualify for an income tax deduction. Note
that deductions for gifts of long–term appreciated property are limited to 30 percent of their adjusted
gross income. Gifts of cash, short–term appreciated property, ordinary income property, and non–
appreciated property will be limited to 50 percent of their adjusted gross income. The donor may, if
necessary, take unused deductions of either kind over the next five years, subject to the same 30
percent or 50 percent limitation. The annuitants the donor names will receive fixed annual payments
for life backed by the general resources of the

Reward The Best By Bajaj Allianz Life Insurance Company
Reward the Best In bajaj allianz life insurance Company, the Talent Management Program is a
unique platform that assesses the Performance and Potential of an employee and hence comes out
with a more balanced view of individuals ' abilities. It helps to develop an organizational wide talent
map thereby enabling the organization to identify key talent and nurture them. In this program, each
employee is mapped on a performance vs. potential grid enabling us to groom an employee not only
on the basis of performance but potential talent as well. Through Talent Management Program they
now have a holistic view of an individual's abilities as it recognizes Key Resources and provide
them with growth opportunities; facilitates retention of High Performers and complements the
rewards system. It also facilitates designing of Personal Development Plan (PDP) and Personal
Improvement Plans (PIP) for employees and hence provides the basis for Training Needs Analysis
(TNA).The Excellence Awards endow a national platform on which Excellence in each field of our
operations is recognized. It is instituted to value the efforts and contributions made by the
employees and to appreciate Excellence in all their endeavors. The employees are evaluated on
certain pre–defined parameters such as Ambition and Drive, Ability and Willingness to Learn,
Customer Orientation, and People Orientation etc. The nominations go through an extremely robust
evaluation at the highest level of management and the

The Gross Replacement Rate ( Grr )
The Gross Replacement Rate (GRR)
The Replacement Rate is a way of investigating whether pre– retirement savings will be adequate to
provide for retirement. The GRR expresses one's projected income (pension) at retirement as a
percentage of his final salary before income tax and pension deductions.
The GRR is obtained using the following formula:
GRR= (PoAFR+PoAA)/PrE (1)
PoAFR = Post–retirement Annual Flat rate benefit
PoAA = Post–retirement annual Annuity income
PrE = Pre–retirement earning
It is difficult to establish a fixed benchmark replacement rates for all individuals in a society as its
adequacy depends on individual earnings and needs after retirement. In this report we will consider
the ... Show more content on Helpwriting.net ...
Using the proposed model under all the assumptions and equation (1) sated above, the Replacement
Rates under the 3 scenarios for each employee is obtained and shown in table 1 below.
TABLE 1: The Gross Replacement Ratio for different employees under the three selected scenarios
Employee Projected salary at Retirement age
£ Pension Fund value at Retirement £ Annual Annuity
£ Replacement ratio Pension commission Benchmark Replacement rates
Baseline scenario
A 212,815 583,30.91 21,202.11 39% 67% B 148,970 457885.20 16,643.21 53% 70% C 78,032
288,435.94 7576.23 90% 80%
Scenario 1
A 242,505 502,832.67 18,276.96 33% 67% B 169,756 427,871.17 15,552.26 46% 70% C 88,920
216,364.73 7,864.43 79% 80%
Scenario 2
A 121,254 417,170.9 15,163.33 64% 70% B 84,878 269,605.27 9799,61 85% 80% C 44,460
99,106.43 3602,32 148% 80%
Analysis:
Table 1 above shows that under the basic scenario, the low income earner has the lowest pension
fund value at retirement and will receive a low annuity income of £7576.23 compared to the middle

and high income earners. However when determining the adequacy of their respective retirement
incomes, the state single tier pension fund is added to each individual annuity quote before a
replacement ratio is obtained. A low income earner has a replacement rate of 90%, largely above the
minimum target set by the government and the Pension Commission Benchmark of 45% and 80%
respectively. An average income earner has a

Why Sell Annuity Payments

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