|
|
Additional
Resources
|
|
Reading The Small Print And Things You Should Know About Car Insurance
By Richard Young-8962
How often do we read the small print, not just car insurance but about any contract that we sign up for, I guess that not very many of us do. But it is really important when buying car insurance to Read more...
|
|
|
|
dhyansanjivani.com
Below, you'll find extensive
information on leading zurich insurance articles and products to help
you on your way to success.
Learn About Charitable Gift Annuities
By J. R. Randolph
Charitable Gift Annuities are a contract where the donor(s) give an irrevocable gift of cash or other assets to a qualified charity and receives a charitable deduction. In return, the charity agrees to pay a fixed amount of money to the annuitant(s) for their lifetime. The annuity payments are not "income", a portion of the payments are considered to be a partial tax-free return of the donor's gift, which are spread over the lifetime of the annuitant(s). The contributed property becomes a part of the charity's assets, and the payments are a general obligation of the charity. The annuity is backed by the charity's entire assets, not just by the value of the contribution. Where the donation is in the form of other assets, securities for example, the value of the gift is determined by the fair market value on the gift date.
Charitable gift annuities are regulated by most states. They require a published gift annuity rate chart of the maximum annuity rate the charity offers each annuitant which must show the age to the nearest birthday (actuarial age) on the date of the gift. Charities are allowed to spend a portion of the gift immediately, but they must maintain sufficient reserves, which are determined by state regulations, and satisfy all other state regulatory requirements.
Charitable Gift Annuity Agreements There are several types of charitable gift annuities, and not all states permit the use of each type. Generally the charity must submit a sample of each different type of agreement it wishes to offer to the residents of that state before it issues that agreement. The types of gift annuities are:
Immediate Gift Annuities As the name suggests, annuities that begin making payments at the end of the period immediately following the contribution are called immediate gift annuities. These periodic annuity payments can be made monthly, quarterly, semi-annually or annually, as defined in the agreement.
Deferred Gift Annuities Where the annuity payments at a future date chosen by the donor. Deferred annuities payments must be more than one year after the date of the contribution.
Tuition
Additional
Resources
Bear In Mind! Even Your Pets Are Prone To Illness And Disasters.
By Pet Care
Care for your pet not its medical costIt is appalling to hear that the need for veterinary care is growing each year due to accidents or illnesses of the pets. On the other hand, the cost for Read more...
|
Additional
Resources
Bear In Mind! Even Your Pets Are Prone To Illness And Disasters.
By Pet Care
Care for your pet not its medical costIt is appalling to hear that the need for veterinary care is growing each year due to accidents or illnesses of the pets. On the other hand, the cost for Read more...
|
We strive to provide only quality articles, so
if there is a specific topic related to insurance that
you would like us to cover, please contact us at any time.
And again, thank you to those contributing
daily to our zurich insurance website.
|
|
