Bonus can be classified into two types namely; annual bonus also known as regular bonus and final bonus that is also reefed to as the terminal bonus. By investing in this kind of policies, I will either receive payment in lump-sum at a specified future date or will receive an annual income with the possibility of the investment growing with time. With-profits investment can be obtain through pension, endowment, bond, and even retirement income which are also referred to as annuity. All this are normally inclusive of certain life cover. My policy may also include other guarantees or options. Some of the pension policies possess a guaranteed annuity rate (GAR). This implies that when I retire the insurance company pays an annual set level of income as pension. GARs usually apply only to a specific date that is my expected date of retirement. This is specified clearly at the time of policy issue. In case I retire before or after the specified date, I might lose this guarantee. Another option that I will consider is the cash value life insurance. The cost in this kind of policy is high mainly because it provides wide variety of features and benefits. Among the outstanding feature of this life cover is the savings component that increases steadily with time. With the saving component in this kind of cover, I will be in a position to withdraw, invest and even borrow against. The reason for choosing this option is that since am purchasing the policy cover at a tender age and will maintain till old age, the premium that I will have to pay reduces. This kind of policy may also allow me to; utilize it as a security for a loan, or even use it in making payments for future premiums. Question 2. The protection options available for him include; Accident Sickness Unemployment (ASU), Mortgage Payment Protection Insurance (MPPI). Accident Sickness Unemployment (ASU) policy is classified as general insurance .If the assured individual cannot continue working as a result of an illness; he will receive an income benefit that is regular. After a deferred period that is usually one month, the income benefits become payable for a maximum period that is specified and in most cases it is either one or two years. Mortgage Payment Protection Insurance (MPPI) essentially is a branded insurance of accident, illness and unemployment that is focused at the mortgage market. The availability of this kind of protection is wide and pays the costs of mortgage in the case where as a result of redundancy and ill health the client is not in a position to work. Through this kind of protection, the client will able to sustain his lifestyle without incurring debts until when he returns to their normal working life. In the MPPI, the cover provision is usually at a fixed cost per 100 pounds of benefit. The basic cover can be structure to cover the repayments of mortgage. Other costs associated with the mortgage can be covered using the extra cover. The costs associated with the mortgage include; endowment premiums and contents insurance. Question 3a Individuals take life covers for the sake of their dependants support when they die. The life insurance replaces partly or all the income of the deceased. Some types of life covers develop cash value during an individual lifetime hence, they become legible to withdraw or to even borrow against. On buying a life cover, an individual has to inform the company the person who should receive the death benefits policy when one
Question 1 My investment option is to take a life insurance. Majority of the life assurance organizations avails a with-profits fund. As long as I continue paying the required premiums, a guaranteed minimum value is offered at maturity by these plans. I would be interested in investing in with-profits policies…
In Ashburn Anstalt v Arnold, Fox LJ’s judgment confirms that based on principle, licences do not indicate “tenancy interest or interest in the land” on the part of the licencee; therefore, they cannot bind third parties as a result of this.
This has led to a diversity of suppliers that are able to invest in the retail stores as their own business while providing the partnership with more accessibility to products, ranging from food to pet supplies, insurance, fashion, household goods and even flowers (John Lewis Partnership, 2011).
Specifically in Scotland and North Ireland, Marriage (Scotland) Act of 1977 and Marriage Order in North Ireland in 2003 respectively was implemented for the prevent same sex couples from getting married (Legislation.gov.uk c and d). As a way of recognizing same sex
ng on the identification of viable or cheaper alternatives to earlier solutions and have therefore been included to reflect better objectivity in the performance of the business.
Some of the key areas where modifications have been undertaken include insurance expenses where
2. The dual refers to a separate morphological category that certain languages may possess. It is used when speakers tend to refer to two instances of the same thing. Typically number distinctions are the best served syntactic category using the dual forms.
They are the defined contribution and the defined benefit. The terms of defined contribution plan require the employer to make contributions to the plan as agreed but has no authority when it comes to the provision of benefits to the employees. On
People everywhere were laughing at us and having fun; just as I did too. It was nice to see a crowd of ASU students doing something together. On that day, it was dark and I had this funny feeling that I was going to
Considered the world’s oldest trade, prostitution remains one of the most controversial issues in contemporary society. Some factions of society argue that sex work constitutes a viable mode of employment just like other job sectors, and sex workers must, therefore, be given legal access to treatment similar to conventional employees’.
49). The employment strategy at Tiger Cars LTD will jeopardize their relations with the management of the firm. The contracted employees will lose their original morale due to job insecurity (Tietze and Nadin,
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