What Your Insurance Company Does Not Want You to Know about Fixed Annuities Finance Articles | July 23 Aleksander Barkov Jersey , 2010 One of the greatest features of fixed annuities is that they are reasonably simple. So, in reality,? rates are not nearly as complex as variable annuities are. However, be aware that your financia...
One of the greatest features of fixed annuities is that they are reasonably simple. So, in reality Florida Panthers Jersey ,? rates are not nearly as complex as variable annuities are. However, be aware that your financial advisor most likely won?t inform you that they are less expensive, because he will end up making less money.
Normally with a fixed annuity you make one single payment for the total amount due to the life insurance company you selected. They take into account various factors like: the total amount of the premium you are paying, your medical history, your gender Mikko Rantanen Jersey , age, and the prevailing interest rates in the current economy, along with the most up to date yields of the premium fixed income investments they are supposed to be utilizing to support your annuity. It seems a bit cold to make calculations based upon people?s ages and medical histories, but that?s reality. Based upon their own voluminous documentations of people?s dates of death and dates of birth and their own specific actuarial formulas, they can calculate how much longer you have to live ? on average for somebody your age (clearly they can?t predict the exact day you will die on). The rest is simple arithmetic. They determine how much money they can comfortably afford to pay you per month passed on the return rate they can attain from investing your funds and paying a portion of it to you every month.
And don?t forget that there is always a profit margin added in for the business and for the advisers and agents selling the annuities.
Now Gabriel Landeskog Jersey , that average time left to pass away is, thankfully, just an average. What this means is that you have a 5050 chance of dying before that time comes. Sorry, you lose. Unfortunately you lose financially, because you did not succeed in collecting your ?fair? portion of the annuity pool and Nathan MacKinnon Jersey , naturally, you lose by passing away. But the odds, however, are also 5050 that you will live far past that average. Well lucky you. You will continue to receive those monthly payments and, of course Colorado Avalanche Jersey , you won?t be six feet under.
This might seem a little unfair but it is true of other things. A large number of individuals pay money into Social Security through taxes but are never able to collect on it because they die, return to their native homeland, become incarcerated, etc.
The one spoiler is inflation. Fixed annuity payment remain constant year after year. But the U.S. dollars buying power does not remain sta As previously mentioned, fixed annuity rates are quite simple Dylan Larkin Jersey , and with that in mind you should seek out two important things when shopping around: the most financially stable and solid life insurance business and the one that has the fewest expenses ? which is providing you with the most competitive offer. But don?t forgo security to save a couple extra dollars. If the company goes belly-up you'll get nothing.
Professor Walter Oechsler of the University of Mannheim (Germany) believes the workplace and workforce in the 21st century will be characterized by "flexibilization." Oechsler sees the "flexibilization" of the workplace and workforce leading to "a core group with unlimited full employment, and an increasingly larger group of short-term limited andor part-time employees who face severe employment risks, ultimately resulting in stress."
Unfortunately, I must agree with Oechsler's rather unpleasant prediction. Increasing global competition will lead to increasing pressure and stress on all employees. Employees who are unprepared for the new workplace will find themselves at great risk.
Oechsler goes on to describe a major change in corporate strategy. "Whereas the typical corporate strategy of the industrial society was uniform mass production with Tayloristic structures and stable employment, the dominant strategy for global competition is flexible strategy of flexible specialization is directed toward customer needs.?
This shift in focus from fixed standardized production schedules to flexible customized customer services will dramatically affect the workplace and workforce. The 21st-century employee will have to bring a "flexible specialization" to the 21st-century organization.
Twenty-first century organizations will only be interested in hiring employees who bring a specialization that will serve the flexible needs of customerclients. Staff positions to support these customer-driven processes will still be available Frans Nielsen Jersey , but these staff positions (non-core competencies) will constantly be re-evaluated in light of possible outsourcing.
Except for a small group of core professionals, employees will have to adopt a mindset of selling their special competencies to different employers. Oechsler envisions these employees as "entrepreneurs marketing their own human resources in order to make a living". Employability will be the key to employee survival, not the stability of the company.
Another powerful trend in the workplace will be the technologically possible "virtual company." Oechsler believes the virtual company can suppress social interaction and lead to new forms of alienation. What we know about group dynamics in face-to-face interactions will have to be re-examined in virtual interactions. How will employees react in the decentralized work structures of the virtual companies? We simply don't know.
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