My mother has a large sum of money in a Flexible Premium Deferred variable annuity, Is there any way that she can get a lump sum of tha money to reinvest into a smaller home and pay off some of her debt? She is ready to claim bankrupsy!! Is there any other options for her?
Likely not – that's the whole point of an annuity – the insurance company keeps the lump sum. It's NOT a savings account with systematic withdrawal.
She'll need to read the paperwork, or have someone read it for her, and/or talk to her agent.
there was a security breach with my information and I want out. Do I have any chance of settling and how do I go about it. Thanks in advance.
Lump sum payments are available from certain companies but not usually advisable. If the company you receive payments from now will not do it, there are third party companies that will let you assign the income stream to them and receive a lesser amount. They work by offering a discounted present value of future payments (giving you less than the present value which is already lower than the future value).
The security breach seems like a separate issue because it doesn't change your payments, and by receiving a lump sum, you might not change the way they handle your information – or the fact that they handle it at all. Financial companies are required to keep your information on file for a number of years after the last transaction due to Sarbanes-Oxley Act. You might want to talk with an attorney about this issue.
Go to http://www.fsa.gov.uk/tables – follow through the tables on the basis required and you will get comparison figures from the leading annuity providers. Also, get a retirement quote from the current pension provider to compare the annuity figures. Make sure you compare like with like i.e the basis of the annuity.
http://www.moneythesenway.com Don't get the Wrong Variable Annuity. Get the information you need from the Annuity Expert. Call 866-269-4200 …
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Learn about cashflow note, annuities, and how to sell them. …
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http://uscode.house.gov/download/pls/15C2B.txt of the Investment Company Act of 1940 [15 USC 80a-3(c)(14)], other than any plan described in clause (i), (ii), or (iii) of this subparagraph which (I) covers employees some or all of whom are employees within the meaning of section 401(c) of title 26, or (II) is a plan funded by an annuity contract described in section 403(b) of title 26. (13) The terms "buy" and "purchase" each include any contract to buy, purchase, or otherwise acquire. For …
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Deferred Fixed Annuities are "flexible" because they allow additional deposits to be made after the intial purchase. Potential claims for improperly accounting for the interest payments and breach of contract through the use of improper actuarial methods. …
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The tenth amendment to the constitution confers police powers on the states. There are more than 18,000 police agencies in America today. Police departments at the state level may consist of the State police and the Highway patrol. At the municipal/metropolitan level there may be the housing, school and special port police departments among others.
There are about 15,000 municipal police departments in the U.S., but the NYPD enjoys a special status among them. It boasts of over 40,000 regular officers in addition to around 13,000 special purpose officers in different police departments such as animal cruelty, beach, harbor, hospital, housing, port, railroad, sanitation, school, and transit and transportation departments. There may then be specialized units under specific departments’ e.g. airborne, bomb, forensic, narcotic and sex crime units. There are numerous career opportunities in the police department with a number of vacancies being advertised regularly.
Criteria For Selection
The NYPD conducts a written examination for recruitment for which the candidate needs to be at least 17 ½ years of age at the minimum and 35 years at the maximum in order to appear for the exam. The hiring criteria is that the applicant should be at least 21 years on the date of hiring and should have successfully completed 60 college credits from an accredited college with a GPA of 2.0 or 2 years of full time military service in the United States Armed Forces with an honorable discharge and have a high school diploma or equivalent. The applicant has to be a US citizen on or before the date of hiring and must be residing within one of the five boroughs of the New York City or any of the surrounding counties on the day of hiring. He must have a driver’s license and pass a drug /alcohol screening test.
Compensation
Full pay and benefits are payable from the first day of training and today stand at around $25000 per annum. After completion of six months of Police Academy training this would increase to around $32000 and continue to increase with yearly rests. This is the base salary. After 5 ½ years the base salary goes up to approximately $60,000 per year. In addition to the base salary there are also various other allowances such as overtime earning, holiday pay, night differential and uniform allowance.
For career advancement, every two to three years there are promotional examinations conducted by the NYPD for police officers. On successfully qualifying in these exams, one can go up to the rank of Lieutenant. The average earnings of a Lieutenant today are above $100000 per annum.
Retirement Benefits
Retirement benefits after 20 years of service to an officer of the NYPD consists of an annual pension amounting to approximately $46,000, in addition to full medical benefits, an annuity fund and deferred compensation plan. If the retiree is of a rank higher than a police officer, the pension is proportionately higher.
In the Chicago police department, the norms of recruitment are more or less similar with some difference in the pay packet and other benefits. They offer a starting salary of over $42,000 per year to their officers, which are increased to over $54,000 per year after a year of service, and to over $57,000 per year after 18 months.
A career in the police force offers good compensation and benefits. It is a job that commands respect from the society at large. It raises the self-esteem of the individual and helps to develop a sense of responsibility in the community. Before making a concrete decision to join any one of them, it would be advisable to gather information with respect to the eligibility criteria as well as the salary and other benefits including prospects of internal promotions within the police department.
Tony Jacowski
http://www.articlesbase.com/careers-articles/police-force-careers-71202.html
When people win a lottery they usually have the option of taking the winnings in a lump sum or a 20 or 30 year payout. These payouts are purchased as annuities by investment companies. Does anyone know if a company has ever defaulted on payment? Our recent economy makes me wonder.
at the moment the answer would be no but with the number of banks in trouble and the fraud that is being uncovered it's probably a case of watch this space
Warning this is long.
Facts about religious practices in Ancient Egypt, taken from:
http://ezproxy.csn.edu:2111/dle.jsp?k=2&x=7&bc=DBDL1311&p=2-1.
Background information
1.Common people took almost no part in religious rituals; that was the sacred responsibility of the priestly class.
2.Finally, attaining eternal life did not require performing good acts, but simply doing no wrong.
3.At the peak of their civilization, during the Eighteenth Dynasty, Egyptians worshiped more than a thousand gods. Some were the same deity celebrated under different names in different cities, but most were separate gods.
4.Despite an abundance of special-occasion gods, Egyptians believed that a few chief gods controlled everything in their world, including the lesser deities.
5.One feature of polytheistic religions is that even if someone lived in Memphis and prayed to Ptah, he could still believe in Amun. The principle is the same as a baseball fan today who roots for the New York Yankees and believes they are the best team, yet knows that the Toronto Blue Jays are just as genuine. It is not that they don't exist; they just aren't your team.
Religious practices:
1.Egyptian lives were so filled with gods they felt no need to set aside special times for praying together.
2.In every other respect the business of religion was conducted entirely by proxy: only priests were permitted inside temples and only priests were allowed to perform the rituals. In effect, being a believer required no action whatsoever
3.An Egyptian temple was a dark, mysterious place considered to be the divine residence of a specific god or god's family, rather than a communal gathering place
4.The only occasion an average Egyptian might see his cult statue was on important festival days when people crowded into temple courtyards for rare glimpses of their god's image as it was carried outside on portable litters of gilded wood.
Questionable:
1.Whatever the illusion employed, statues were consulted for their opinions on a variety of personal problems; one ancient record even credited a statue with solving a crime.
2.Cult statues even served as judges in courts of law.
3.As Egypt grew more populous, pharaohs no longer had time to perform all the duties and rituals demanded by the burgeoning numbers of temples. The designees who were selected as stand-ins evolved into Egypt's priestly class. Because they merely represented the pharaoh, these men were not required to hold deep religious convictions.
Where the money came from and did they care about the people?:
1.Priests were primarily paid—directly or indirectly—from the pharaoh's coffers
2.Further adding to the wealth of the temples, pharaohs often donated large tracts of their own land to temples as continuing annuities until the holdings of Egypt's religious orders paralleled those of the Roman Catholic Church in Medieval Europe—each grew to rival the wealth of its king.
3.Egyptian priests spent little time dealing with the well-being of individuals, never advising or counseling those with personal problems, but concentrating instead on cosmic matters such as keeping the sun in the sky and ensuring the fertility of the land
4.Any individual who desired special favors from the gods could, however, pay for offerings and prayers that priests would perform on their behalf.
5.The only other personal service priests regularly performed for believers was to interpret their dreams—also for a fee.
Once again sorry for the length.
The differences is clear.
Just providing details and references so that no will think they are made up.
___
Any if the link doesn't work it is because it from my colleges library site. So go that homepage Dailylife and type in "Worship in Egypt"; I got my info from "Daily lives of Ancient Egyptians"
Daniel:
Yes what you are saying is true, but did you read it, their practices weren't that fair. Nor did they seem to care about the people.
Ken:
It is mentioned several times in the Bible that "people shall give what he can give"; "Give freely and under his free will". Moses appointed men to judge and to concil people not statues with strings to pull their mouths.
Sure there may be similiarities but the Bible broke away from the injustice of those practices.
Cristiog:
I agree.
Note:
I'm not questioning anyones faith, I am merely pointing out the vast differences between the two. It is clear that God is more caring and concerned with his people. While the polytheists gods had no concern for people only when the Sun rose and set.
"If you are of a mindset that God is not real, then you'll look for logical examples of how polytheism was dropped for monotheism."
Huh, oh boy. That is the logical explanation as to why those gods weren't respected and should not be respected.
No, I think the Hebrews picked up the idea of the one most hight God because God made himself known. I don't think it was because there were so many gods that they just wanted to narrow it down to one.
It comes down to having faith that God exists. If you are of a mindset that God is not real, then you'll look for logical examples of how polytheism was dropped for monotheism.