Saturday, October 24, 2020

Annuities Meaning

Purpose of an Annuity
An annuity provides income for a specific number of years or for life. An annuity protects a person against outliving their money. Annuities are not life insurance, but a way of accumulating money and liquidating an estate.

Annuity Owner
Annuity owner is the purchaser of the annuity.

Annuitant
Annuitant is the person who receives the payments from the annuity.

Accumulation Period
Accumulation Period, also known as the pay-in period, is the period of time over which the annuitant makes premium payments into the annuity. It is also the time that the premium payments earn interest on a tax deferred basis. Annuity Period, also known as the annuitization period or liquidation period, is the time during which the money that has accumulated during the accumulation period is converted into income payments to the annuitant.
Note: If an annuitant dies during the accumulation period, the beneficiary will receive the cash value or total premiums paid whichever is greater.

Annuity Funding
There are twoways to fund an annuity:
A single payment (lump sum) Periodic payments, in which premiums are paid in installments over a period of time.
Annuities can also be classified according to when income payments from the annuity begin.

Immediate Annuity
An immediate annuity is one that is purchased with a single lump sum payment and provides income payments that start within one year from the date of purchase.

Deferred Annuity
A deferred annuity is an annuity in which the income payments begin sometime after the first year. Deferred annuities can be funded either with a single lump sum or through periodic payments.

Annuity Payout Options
Annuity payout options specify how annuity funds are to be paid out. They are very similar to the structured settlements annuities options used in life insurance and determine how the policy proceeds are distributed to the beneficiaries.

Straight Life Income Option
The Straight Life Payout Option, also known as Pure Life, will pay a specific amount for the remainder of the annuitant's life. This option provides highest monthly benefit for an individual annuity. Although the annuity payments are guaranteed for the lifetime of the annuitant there is no guarantee that all the proceeds will be full fully paid out, because the payments stop after the annuitant's death.

Life With Period Certain
Life with Period Certain is anotherr annuity payout that is contingent on the annuitant dying. Under this option the annuity payments are guaranteed for the entire lifetime of the annuitant and for a specified period of time to the beneficiary.

Fixed Annuities
Fixed Annuities provide a fixed guaranteed payout. Payments that do not vary from one payment to another and guaranteed minimum rate of interest.

Variable Annuities
A variable annuity serves as a hedge against inflation, and is variable because there is not a guarantee of payout. Payments can vary from one payment to another, and there is not a set rate of interest. A variable annuity is considered a security and is regulated by the Securities and Exchange Commission (SEC). An agent selling annuity must also have a securities license in addition to their Life Insurance License.

Accumulation Units
As variable annuity premiums are invested and begin to grow this is known as the accumulation of units.

Annuity Units
Annuity units is the payout phase of the Variable Annuity.

Variable Annuities
A variable annuity is considered a security and is regulated by the Securities and Exchange Commission (SEC). An agent selling annuity must also have a securities license in addition to their Life Insurance License.

Accumulation Units
As variable annuity premmiums are invested and begin to grow this is known as the accumulation of units.

Annuity Taxes
A portion of each annuity benefit payment is taxable and a portion is not. The portion that is nontaxable is the anticipated return of the principal paid in. This is known as the Cost Base. The portion that is taxable is the interest earned on the principal. This is known as the Tax Base.

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10 Legit Ways to Make Money and Passive Income Online


Did you know you can actually make money online? yeah that’s right, and all you need is a computer or phone with internet access. So in this video, I’m going to show you 10 websites where you can actual start making some side cash or if you are really serious, some good Money! isn’t that amazing! On some of these websites you can actually make as much as a 100 dollars a day or even  more, and the best part is, you don’t have to quit your 9 - 5 job, you can make this money, working in your free time. On the internet, there are two distinct ways of making money. The first way is active income. With active income, its like your normal 9 -5 job. You only get paid for the work you do. If you do not work, you don’t make money, as simple as that. The second way is through passive income. This is my favorite method because, with active income, all you do is put in the work once, and the money in theory should keep rolling in, without you having to do any more work other then maybe promoting what you have made, or in some cases what other people have made. So let’s get to the video.

1. upworks.com
Upworks is a website for freelancers. With upworks you are making acvtive income. businesses and individuals post services on upworks that they would like to outsource such as article writing, video editing, app development, coding, there tons of jobs and services being outsourced on upworks… The beauty of all this is its low barrier of entry, you just have to be good at something.  If there is something that you are good at maybe graphic design or coding or just about  any skill, head over to upworks and start making some Money. Here's a tip if you are considering working on upworks, have a robust profile that looks good. This will drastically increase your likelihood of ever receiving job offers, from potential clients. Displaying your best work or highlighting specific experience can and will help you stand out.

2. YouTube
Not a lot of people know this but, you can actually make money with YouTube. If you are considering getting into YouTube to make money, make sure you understand one thing clearly. Thanks to the new rules, if you are planning on starting a brand new channel from scratch, you first have to reach the YouTube minimum threshold to get monetized. Which is you will need 4000 watch hours, and 1000 subscribers in the last 12 months. Once you have reached that, you can get monetized, how much can you make on YouTube? Honestly as much as you want! As long as you keep uploading good content that people are willing to watch your golden, and the longer the video the more money you can expect to make… you can make anywhere from 1$ to thousands even hundreds of thousands of dollars. The more views you are getting, the more money you can expect to make, and also you get more subscribers! With YouTube, what you are earning is passive income, make a few videos and they should keep making you money consistently. You can also make money with YouTube through paid sponsorships, but with paid sponsorships you will need a large audience, usually a minimum of 10k subs to do that. You can also make money through affiliates, but we will get to that later.

3. Amazon
Although Jeff Bazos, did start off the company selling books, amazon now sells almost anything you can think of. It’s not just a site for buying your favorite toys though, you can actually make money with amazon. And here’s three ways you how… The first way is Amazon Mturk – Mtruk is kind of like upworks, it’s a place where businesses outsource work that is too difficult for a computer program to do. Such as audio editing and transcribing, translating audio and video from different languages, testing webpages, writing reviews, and a whole lot of other services. You can make as much as $20, $30 an hour, by working on a few different tasks. This is a legit may of making money, and they do pay. This is active income though.

The second way is Amazon kindle publishing. Turn your ideas into an eBook and make money today. Every time you buy an ebook from amazon, amazon and the publisher make money, and you can too. The thing with kindle publishing is… you first need a book to sell. You can either write this book yourself or you can hire someone to write it for you. You don't have to be an established author, or find a publishing company to do this. You can actually do this from the comfort of your home and start earning some passive income. Sounds awesome right? and the best part is, it’s absolutely free, so sign up and start making some money.

Amazon takes care of the money handling shenanigans… and you can sit back relax on your couch, while making some good old… passive income. If you are really interested in kindle publishing, I highly recommend you do more research on this topic. You can find free videos and tutorials right here on YouTube that will teach you the basics. If you want expert advice, you might have to first pay for a course. I will link a really good one in the description, if you are interested. Some people make over $100,000 publishing Kindle e-books on Amazon. It’s definitely a market to look into. The third way is Amazon associates program.

This is a very popular and easy way of earning passive income. All you do is sign up to the amazon associates program which is free, than you can pick from thousands of stuff amazon sells on their website and start promoting. Amazon will give you a special link, and every time someone buys through your link, amazon will give you a commission anywhere from 5 – 10% of the sale. Amazon will pay you 60 days after a purchase and you can chose to be paid either through amazon gift cards, wire transfer to a bank account – although this is currently only available in the US but if you live outside America you can be paid via cheques, or you can have the money transferred to your amazon account and start buying stuff with it.

4. clickbank
Clickbank is a marketplace for product creators and affiliates to make money online buy selling their courses or services to the world. Clickbank only sells digital products, but the beauty about clickbank is that the, commission payout is so much higher than that of Amazon. Some affiliates pay you as much as 75%, for selling their services, while others pays as low as 5%, so keep that in mind. But with that said, you can make some really good money on clickbank, hundreds or even thousands of dollars. Simply head over to clickbank, pick something to sale and start making money.

5. flippa.com
Flippa is the number one marketplace for buying and selling online businesses. It attracts a huge audience, and it offers great tools to increase visibility, it’s an auction site really much like eBay, for those selling and buying digital assets, such as websites, apps, domains, shopify stores and amazon FBA accounts. If you are good at making apps or even websites… you can actually sell it online and make some money. Or better yet, if you have some money lying around and you are interested in buying either websites, apps, or ecommerce stores… that are already making money, you can do so with flippa. What happens is, you place a bid, much like eBay and if your bid is the highest, then congratulations because you just bought yourself an online business. You can also make money by selling online businesses. So that’s flippa for you.

6. Shutter stock
Basically shutter stock is a platform where you can buy or sell digital media. Such as pictures, music and video clips. Mainly created by freelancers and third parties, so if you might be particularly good at photography taking amazing pictures and videos. Or really good at making sick beats, you can monetize your talent on shutter stock. The way you make money with shutter stock is every time some purchases one of your pictures, you get paid a commission, usually a couple cents to a few dollars, if you are lucky. The trick to making a lot of money with shutter stock is to consistently keep uploading high quality images.

7. Rover
Do you like pets? Dog in particular? If so, then you should probably check out rover. Rover is a dog sitting service, but this is currently only available in the US and Canada. So if you live in any of those two countries then you can register as a dog sitter, and get paid for babysitting dogs. You can make anywhere between 80 - $100 a night, just by watching someone’s dog! You can literally make hundreds of dollars a week by just babysitting someone’s pet. Now how about that for a deal?!

8. Takelessons.com
Take lessons is a website where you can teach any skill. Everyone has a skill, that they can teach, whether that might be, teaching someone a language, how to cook, how to play a musical instrument, how to solve complex math equations…any so much more. Anything that you think someone else might not know, you can teach people on takelessons, and start making money.

9. Fiverr
You have probably heard of fivver mentioned a lot of times, because it’s a simple and easy site to start making money. But if you haven’t, basically it’s a freelance website where you can literally outsource anything and I mean anything… as long as its legal, for as little as $5 There are so many different ways to make money on fiverr, just to name a few. You can do animations, Logo Design, Packaging Design, Web & Mobile Design, Social Media Design, Photoshop Editing, Architecture & Floor Planning, 3D Models & Product Design, T-Shirts & Merchandising, SEO and so much more. If there is anything that can be outsourced, you can most likely find it on fiver. Head over and check out fiverr guys, it a legit of making money.

10. Drop shipping
With drop shipping, what you are basically doing is selling someone else stuff for a small or large profit without having to deal with the shipping. So basically you are acting like a broker or a middle man. You can do this by opening up a shopify store and then linking it up with oberlo. Oberlo is basically an app that integrates with shopify, and it is what a lot of people use to source for stuff that they would like to sell on their stores. The basic principle of drop shipping is, you create a store or any channel where people can buy stuff from you. Then once they buy something from you, you pay the manufacturer, usually for a lot less then what you got it for, and then have the manufacturer ship it to the customer. All without you ever seeing or touching the product.

The best part of drop shipping is that you set your own price of the product you want to sell, then take the profits and pay the manufacturer the rest. So yeah that’s drop shipping in a nutshell. If you are interested in drop shipping, there are a ton of tutorial here on YouTube, that will show you the step by step guide of creating your store, finding products, advertising, finding influencers, and finally shipping and getting paid. It’s a bit complicated to start, especially in the beginning, but you can make a ton of money… with drop shipping. With that said, thank you for watching guys, please subscribe, enable notification and I will see you on the next one.

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8 Tip on Homeownner Insurance

8 Tip on Homeownner Insurance
1. You're a statistic
To an insurer, you're not a person; you're a set of risks. An insurer bases its premium (or its decision to insure you at all) on your "risk factors," including your occupation, who you are, what you own, and how you live.
2. Know your home's value
Before you choose a policy, it is essential to establish your home's replacement cost. A local builder can provide the best estimate.
3. Insurers differ
As with anything else you buy, what seems to be the same product can be priced differently by different companies. You can save money by comparison shopping.
4. Don't just look at price
A low price is no bargain if an insurer takes forever to service your claim. Research the insurer's record for claims service, as well as its financial stability.
5. Go beyond the basics
A basic homeowners policy may not promise to entirely replace your home.
6. Demand discounts
Americans waste money every year because they forget to ask for them!
7. Insurer isn't necessarily your friend
Your idea of fair compensation may not match that of your insurer. Your insurer's job is to restore your financially. Your job is to prove your  losses so you get what you need.
8. Prepare before you have to file a claim
Keep your policy updated, and reread it before you file a claim so there are no surprise.

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT

8 HABITS OF WEALTHY AND SUCCESSFUL PEOPLE

WHY MILLENNIALS CHOOSE TO BUY HOME

7 TIPS EVERY HOMEOWNER NEED TO KNOW ABOUT INSURANCE

10 QUESTION YOU SHOULD ASK MORTGAGE LENDERS

HOW MUCH IS MY CAR ACCIDENT SETTLEMENT WORTH


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7 Tips Every Homeowner Need to Know About Insurance

1. WHAT IT COVERS
Most home insurance policies will pay for damage to your home & possessions in the events of storms, fire, theft, or vandalism. Home insurance also provides liability insureance if someone gets hurt on your property and decides to file a lawsuit. Home insurance can also cover the costs of a hotel if you are temporarity displaced from your house.

2. WHAT IT DOESN'T COVER
Standard policcies have exclusion, including; earthquakes, power failure, war, nuclear hazard, government action, faulty zoning, bad repair or workmanship, and defective maintenance. Flooding and water damage are usually only covered in certain conditions

3. YOU SHOULD SHOP AROUND
Take the time to research your prospective insurance agencies before you commit to a policy. Read reviews and consider recommendations from friends and family. Finding a cheap rate is great - but remember that in the case of an emergency you will need to be dealing with the insurance company directly. Having an insurance company with great customer service can really help alleviate some of the stress in an already stressful situation with your home.

4. HOW TO LOWER YOUR RATES
Did you know that having things like a working smoke detector and burglar alarms can lower your rates Preventative actions can reduce premiums. Insurance agents typically price your premium based on how much risk they foresee. So, by reducing your liability risks, you can qualify for lower rates.
You may also save some money by bundling your other insurance policies, like car or life insurance, with your home owners.

5. DON'T WAIT TO FILE A CLAIM
Make sure you report any possible claims as soon as possible. Many insurance companies have a time limit for reporting claims. If you wait too long, you may not be eligible for benefits, especially if waiting has caused the problem to worsen. This is especially true in instances of water damage - where mold can set it quickly and raise the costs of repair.

6. KEEP A RECORD
It is important to document everything that occurs during a loss. Write down the damages, and what you have done to help mitigate the damages.
In addition to saving receipts, contracts, and appraisals, document phone calls by writing down who you spoke to and when. Insurance claims can be cumbersome and confusing. Don't depend on your memory alone to remember all the details.

7. HOW JEWELRY IS COVERED
Jewelry is usually covered in a homeowner's policy - but beware - it is typically only covered to a certain amount. When you sign up for homeowner's insurance, be sure to ask your agent about the limits. If you own jewelry which has a value that exceeds the standard policy, you may want to consider buying supplemental insurance so that incase it is lost or stolen- you are covered 100%.

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT

8 HABITS OF WEALTHY AND SUCCESSFUL PEOPLE

WHY MILLENNIALS CHOOSE TO BUY HOME

7 TIPS EVERY HOMEOWNER NEED TO KNOW ABOUT INSURANCE

8 TIP ON HOMEOWNNER INSURANCE

10 QUESTION YOU SHOULD ASK MORTGAGE LENDERS

HOW MUCH IS MY CAR ACCIDENT SETTLEMENT WORTH


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5 Tips to Prepare for Your Property Settlement


5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT

1. Insurance

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT 1. Insurance

Haven't organised insurance yet? Get it now! It can be a risky practice to rely on the vendor's  insurance cover (or lack thereof) if something happens to the property during the period from exchange to settlement. Having adequate insurance in place will give you peace of mind.

2. Keys, codes and passes

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT 2. Key, code and passes

Make sure you organise who has the keys and when you can collect them from the agent or your legal representative. Also, make sure you have the alarm codes (if any) and instruction manuals. Some purchasers want to collect the keys that day from the agent; others have the keys delivered to their solicitor after settlement. By sorting out the logistics beforehand, you can enjoy your property sooner (without setting off any house alarms!).

3. Final inspection

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT 3. Final Inspection

This is probably the most important inspection you will undertake, so you should organise it during daylight hours as close as possible to settlement and really take your time with it. Has any debris been left behind? Do the fittings and fixtures remain? Are the contractual inclusions actually in place? Have the exclusions been disposed of?

4. Final Title Search

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT 4. Final title search

Just like a final inspection, a final title search will inform you if there have been any dealings with or new interests in the legal ownership of the property. After all, you can't buy something from someone if they don't own it. You'll also need to remove any caveat you've placed on the title to enable the change of ownership to take place.

5. Cheque directions

5 TIPS TO PREPARE FOR YOUR PROPERTY SETTLEMENT 5. Cheque direction

Your legal advisor and lender will organise the cheques on your behalf, but it's up to you to make sure the settlement amounts and payees are correct before property settlement. Also, make sure the cheques have correct spellings - incorrectly issued non-negotiable bank cheques can hold up and delay a settlement, and that's the last thing you want!

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Wednesday, January 23, 2019

12 GREAT INDEPENDENT NINTENDO SWITCH GAMES

Things just got real for Nintendo. The Switch has been going from strength to strength since
its launch earlier this year, but there’s been a lingering sense of unease when looking at its line-up. The first-party IP releases have been, unsurprisingly, fantastic, but there’s still a rather large gap to fill. Third-party publishers have been slow to adopt the console, while the lack of independent studios pledging commitment had left us wondering whether Nintendo was still yet to update its archaic approach to courting and supporting Indies. Lord are we happy to be wrong on that one.

“We love the creativity, passion and amazing response that our independent developer community has already shown for Nintendo Switch,” said Damon Baker, Nintendo of America’s Senior Manager for Publisher & Developer Relations. “It’s great to see so many different developers creating new, unique experiences that take advantage of the hardware’s features. This is a win for fans, who will have access to an even wider selection of great indie content to take wherever they go.” Nintendo has revealed that over 100 indie games are in the works for Switch, showing off some of the most
exciting this past month as it looks to lock its release window down until early 2018. This means that the console now has an enviable list of games on the way; some are simply fun to see, such as ports of Morphies Law and Mom Hid My Game, while others, such as the return of No More Heroes as a console exclusive, are huge. An all-new Super Meat Boy is great to see, as too is the final piece of the Shovel Knight puzzle and the console launch of the full Kentucky Route Zero experience; the Nintendo Switch is finally becoming a force to be reckoned with in the indie scene.

1. KENTUCKY ROUTE ZERO: TV EDITION

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Lauded by many to be one of the finest games of the decade, Kentucky Route Zero is finally receiving its long-awaited fi h act and console port as it arrives on Switch in early 2018. A must-own, Kentucky Route Zero is a stunning episodic adventure with fantastic writing and an unforgettable style.

2. DRAGON: MARKED FOR DEATH

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This retro-inspired side-scrolling RPG looks like a wonderful compliment to Switch’s handheld functionality. Delivering 30 enormous quests worth of adventure to battle through, four unique classes to play with, and offering co-op play for a bigger challenge, Dragon is set to be a timed Switch exclusive launching this winter.

3. MULAKA

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Coming in hot with a wonderful art and animation style, Mulaka is an upcoming action-adventure title from developer Lienzo. In it you’ll go up against an array of mythical creatures, solve puzzles and undergo an array of magical transformations – all inspired by northern Mexico, and its indigenous Tarahumara culture.

4. GOLF STORY

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One of the most unique games to be announced for Nintendo's Switch so far, Golf Story is a wicked subversion of both golf games and 16-bit RPGs. It does, in fact, combine the two, switching out swords for golf clubs in this rather mad golf-RPG perhaps the first of its kind.


5.  WULVERBLADE

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Inspired by beat-‘em ups from the early Nineties, Wulverblade is a stunning hand-drawn 2D action game that has more going for it than looks alone. Played alone or with a friend, this upcoming release
from Darkwind Media is going to challenge and delight you in equal measure.


6. FLOOR KIDS

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This unique rhythm-based action game from MERJ puts you in the shoes of a group of breakdancers who are looking to earn respect from their fellow street dwellers, pushing you to learn, combine and bust out a huge variety of fresh moves to original beats by Kid Koala.


7. SUPER MEAT BOY FOREVER

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Team Meat is back! Truth told, our controllers had only just about recovered from the pain inflicted upon them by Super Meat Boy, but here we are, back in action with Super Meat Boy Forever. Featuring levels that get more challenging each time you beat them, new moves, and a new control scheme, just promise us you won’t throw your Switch in a rage when it whips your ass.


8. MORPHIES LAW

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One of the most original takes on the online
shooter genre we’ve seen in a while; Morphies Law sees your avatar’s mass shitft as you inflict damage upon your enemies. Should you, for example, shoot somebody in the legs, you’ll find that your own become larger – simultaneously ensuring that not only can you can jumper higher, but your calves become a bigger target.

9. LOST SPHEAR

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Coming from the studio behind critically acclaimed JRPG I Am Setsuna, Lost Sphear will see you adventuring across a gorgeous world in an attempt to stop the fabric of reality from unravelling. A reimagined turn-based battle system, an engrossing story, and rich character design are just a few of the things to expect from this January 2018 release.

10. MOM HID MY GAME

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Mom Hid My Game is a deliriously bizarre game that brings back fond memories of Wario Ware. Here you are tasked with going scene to scene looking for your hidden game console, interacting with increasing difficult environmental puzzles whilst trying to avoid your mother – get caught and it’s game over.


11. NINE PARCHMENTS

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Frozenbyte, the studio behind Trine and Has Been Heroes, is back with yet another interesting looking Switch game. Nine Parchments is a local and online co-op game, supporting up to four players, as you go off in search of monsters to blast in the face with ancient magics – it looks like fantastic fun.

12. SHOVEL KNIGHT: KING OF CARDS

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As the final adventure in the Shovel Knight Treasure Trove saga, King Of Cards will see four new worlds and 30 new courses coming to Nintendo Switch in 2018. Shovel Knight is, of course, a faithful homage to classic Metroid and Castlevania franchises of old, imbuing the style with a intoxicatingly engaging modern flair.

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