NLIC.org

Antonio Said:

How much tax will I have to pay?

We Answered:

Your tax will be near about 20 K..If you invest further 95 K than your tax will be near 10.5 K.
You can invest 1 L under 80C - 25 K you have planned so you can further invest 75K
You can invest 20 K in Goverment Bods so 75K + 20 K = 95 K

Exemption Limit is - 1,60,000/-
HRA- 23,050/-
Investment- 25 K
So taxable income is - 1,99,950/-
Your slab- 10%
You have not mentioned about PF, Leave Travel Allowances [LTA] and Fringe Benefit components [FBP] that will also affect your tax. :) :) :) :) :) :) :)

Dean Said:

pension illustration?

We Answered:

The problem is with annuity rates. The illustration shows how your savings mount up to provide a cash pot on retirement and you then buy an annuity to turn the cash into an income for the rest of your life. The rate you get is based on the return the insurance company can get by investing in government securities with a redemption period the same as your life expectancy.

Life expectancy from birth is currently around 80 years. However, if you make it to your 60s without dying of childhood illness, teenage excess or midlife crisis, you can expect to hang on until your 90s. As far as buying government securities are concerned, that's for ever, so all you get for your annuity is the going interest rate. Right now, long term interest rates are virtually non-existent and that's reflected in your quote.

There is some good news. Provided there's enough money in the pot, you don't have to buy an annuity. You can leave the money invested after you retire and draw on it as you require. The downside of doing this of course is that you lose the guarantee. If you live a long time, or you're too greedy, you may run out of money.

The Hargreaves Lansdown Financial Adviser should have explained all this to you. If he didn't, tell him he owes me lunch.

Marcia Said:

Son passed away, truck was charged off after volunteer repo. Received a credit life ref. what do I do.?

We Answered:

Fill out the claim form, and send the refund check back to them.

There is NO WAY I would have done a voluntary repo with only two payments left. But you did it, and it can't be undone.

Floyd Said:

Do Breach of contract laws no longer exists, or simply too many loop holes ?

We Answered:

Breach of contract laws still exist. The only basic loophole, is when the "agreement" is illegal. You can't "agree" to exempt yourself from the law.

I think you need to look up the definition of "fascism". Because the USA is a capitalist system, not a fascist system. CUBA is an example of a fascist system, so I think maybe you're not sure what the difference is between those two systems.

Keep in mind, an employer is USUALLY not allowed to sell health insurance. They offer access. They are SUPPOSED to add the person to the group policy, and turn over the premiums to the insurance company. They also pay towards the premiums, also. They don't have the AUTHORITY to "bind" coverage. So if the employer embezzles the funds, and never adds the person on to the health insurance policy, why would you expect the claim to be covered? The EMPLOYER breached the contract. The EMPLOYER is on the hook to pay the "claim". NOT the insurance company!!

I've seen this case. I haven't heard if the employer was sued or not. I HAVE heard that the insurance company was sued. Clearly, the insurance company won, because THIS GUY WASN'T INSURED!! In MY opinion, the EMPLOYER should be on the hook for the benefits. There is even an insurance coverage that employers can buy, for times when the HR department screws up like this - called Employment Benefits Liability Coverage.

If they only sued the insurance company, that's why they lost. If they sued the employer and lost that one also, maybe it's because someone screwed up in prosecuting the case. Kinda like OJ Simpson, getting off the hook, when everyone KNOWS he did it.

Katie Said:

Are banks and insurance firms controlling our lives?

We Answered:

Insurance companies have become very powerful, whole industries have their profit margins controled by the insurance compnies, like roofing, wrecked auto auctions, storm damage contractors, the whole medical industry, healthcare could be affordable for all if we could do non profit coop's and get the middle man insurance companies out of the mix.