What is a lump sum death Benefit?

That depends upon the kind of life insurance that you have.

What is an increasing death benefit option?

The death benefit options may vary depending upon the type of life insurance purchased and the available policy provisions.

A basic death benefit will provide a face amount or specified amount that remains level throughout the period of coverage.

Other death benefit options provide for an increasing death benefit that includes a specified amount in addition to the accumulated cash value in the policy.

Another type of death benefit option may provide for a return of premium payments in addition to the specified amount of coverage.

What is increasing death benefit?

That is where the death benefit in a life policy increases over a period of time

Do most annuities have death benefits?

You’ll get your money back, with interest.

What is the death benefit if killed in action?

It depends on the service members situation. If he has SGLI the insurance is paid at whatever the servicemember signed up for. If he is married and/or has children there are several benefit programs available and a Casualty Assistance Officer will be assigned to help the survivng widow and children through the entire process. If you are a benefit survivor and have not been contacted go to your local recruiters office and have them get you the info you need to get started

How did the black death benefit Europe?

it benefited europe because there were less people and this desease killed all of the weird peopl;e so normal people could live their lives with peace

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Overpaid workers facing meetings

THE Northern Network Alliance will begin consultation with staff and unions to recoup overpayments after the advanced pay of 132 workers was deducted in one lump sum.

Human error in the group’s most recent pay run has been blamed for the blunder, which also reportedly led to a stop-work at the Yandina site over the issue yesterday.

NNA manager John Palmer said workers had been paid in advanced over the Christmas break on the basis of a forward estimate of hours to be worked.

“But due to the extreme wet weather over that period, the NNA workforce did not work those estimated hours,” he said. “As a result, many NNA employees were overpaid.”

He said the error was swiftly rectified and all affected staff received a correction payment yesterday.

It came as The Daily received calls claiming NNA workers on the Yandina site had put down their tools in response to a pay dispute.

Mr Palmer said that was not the case.

“Work did not stop on the project and there is no dispute over the error,” he said.

“The NNA will gradually seek to recoup the overpayments.”

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Life After Salary: Rolling Over My Pension

In a country where large employers are offering fewer defined benefit plans, like pensions, and more defined contribution plans, like 401(k)s, it’s surprising I have a pension. A little more than a month after quitting my day job, I received a notification from my former employer that I was eligible to begin receiving payments from my cash balance pension, a type of pension where the employer contributes a percentage of my salary, above my salary, to a plan that accrues interest credits every month.

This pension is significantly overshadowed by my 401(k). While I was contributing the maximum allowed to my 401(k), the pension grew more slowly, with an interest rate of 3.87%. I am fully vested in the plan, so the company offered me the choice between a lump sum payout and an annuity, based on the full amount of the pension. With no spouse, and with the payout scheduled to begin on March 1, annuity payments would amount to about $65 per month for the remainder of my life, while the lump sum would be about $18,000. A $65 payment each month for the rest of my life would, assuming I live long enough, provide me with more money over that period of time when compared to the lump sum, but inflation would quickly erode the real value of increasing my income by $65 per month. By taking the lump sum now, I can invest the full amount and likely, over time, create a more valuable benefit for myself.

I elected to receive the lump sum, but to forgo accepting the payment as income now by rolling the benefit over into a new Traditional IRA at Vanguard. I also had the option of leaving the pension alone until a future date, delaying the benefits payout until as late as April 1, 2041, but I decided to take the benefit now rather than wait.

I have not included my pension balance in my net worth, so once Vanguard receives the check and credits my IRA, scheduled for March 1, my calculations will be affected.

Do you think I made the right choice? Given the numbers above, would you take the annuity payment or lump sum? Would you let the cash balance pension remain accruing interest credits and wait before receiving the benefits or take the benefits as soon as possible?

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Retirees face large slug on lump-sum super payments

OLDER Australians planning their retirement next year could be forced to pay thousands of dollars in tax on superannuation payouts as a result of Labor’s $1.8 billion flood levy.

Payments would apply to retirees between the ages of 55 and 60 who receive their superannuation in a lump sum.

It will also hit those who are on transitional employment and receive part of their superannuation as a pension to supplement their salary.

Revelations of the loophole in Labor’s flood levy came as the opposition launched an attack in question time on Julia Gillard, presenting the Prime Minister with the story of a police officer retiring next year who will pay an extra $6590 in tax on his super lump sum payment of $698,038 due to the flood levy.

The 57-year-old policeman — who has worked with the NSW police force for more than 30 years and has a wife and two children — wrote to his local member, Russell Matheson, who represents the marginal western Sydney electorate of Macarthur, on Tuesday to express his anger over Labor’s levy.

“Should this additional tax be introduced in the manner currently being reported, I believe I and probably many others like me will be penalised as a result of choosing the wrong year to retire,” he said.

In question time yesterday, Ms Gillard said the way the levy was structured was “the right thing to do”.

“That is how we structure burdens in our society,” she said. “We structure burdens on the basis that people who have the capacity to pay more, should pay more.”

Lump-sum superannuation payments for over 60s are not taxed, and a person who was doing a transition to retirement pension, in a way that reduced their taxable income below $50,000, would not pay any levy.

Opposition Treasury spokesman Joe Hockey said yesterday’s disclosure revealed that Labor’s claim the flood levy would cost Australians only a cup of coffee a week was “in tatters”.

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EnerNOC chief operating officer resigns

EnerNOC Inc. (Nasdaq: ENOC) said its chief operating officer will resign effective today, but will provide transitional services to the company, according to a regulatory filing.

Darren Brady, senior vice president and COO of the Boston-based company, reached an agreement with the company last Saturday that he would resign, according to the filing with the U.S. Securities and Exchange Commission. The filing does not give a reason for the resignation.

Brady has held the position since January 2008, and in 2009 he earned compensation of $993,352, according to a company proxy statement.

In addition to severance, which was not disclosed in the filing, Brady will receive an additional lump sum cash payment equal to $200,000, according to the filing. He will also provide transitional services after he leaves as an advisor to CEO Timothy Healy, and will get a monthly payment of $25,000 for each month he performs the services, the filing shows.

EnerNOC, the market leader in the energy management area known as demand response, has made two acqusitions in recent months. The company paid $33.3 million last month to acquire Idaho-based M2M Communications Corp., and in December, the company bought California-based Global Energy Partners Inc. for $26.5 million.

EnerNOC pulled in revenue of $162.8 million for the quarter ended Sept. 30, compared to $103.1 million a year earlier.

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