Fraternity-Testvériség, 2001 (79. évfolyam, 1-4. szám)
2001-01-01 / 1. szám
FRATERNITY Page 7 Annuities How to make your money grow! The HRFA is offering to its members an expanded portfolio of several new financial products, including annuities. What are Annuities? An annuity offers tax-deferred retirement income with either a one-time (single premium) or a series of periodic payments (flexible premium). It offers competitive interest rates; however, taxes are not paid on the interest until the funds are withdrawn, starting monthly at the date of maturity or upon death. The cash value of the annuity may be withdrawn all or in part at any time. Through our annuities, you can select a payment option that will guarantee a payment for life. You can also select a payment option which provides remaining payments to your beneficiary if you die before you have received all guaranteed payments. Why are Annuities safe? Fixed annuities involve less risk than other asset-building tools. The insurance company offering the annuity guarantees your principal, so you don’t face the investment risk associated with the stock market, for example. Your state insurance department supervises insurance company operations within your state. Any insurance product, including annuities, must be filed with that department prior to its sale. What is the benefit of Annuities being tax-deferred? Interest on the HRFA Flexible or Singe Premium Deferred Annuity is not subject to federal income tax until withdrawn. So long as the money remains in the annuity, it keeps growing. The HRFA’s Single or Flexible Premium Deferred Annuities With a minimum of payment of $3,000, you can invest in a single (one-time payment) or flexible (series of periodic payments) deferred annuity with the HRFA earning interest at a rate of 6.5%* Call your agent or our Home Office today to start providing for your future income needs. Remember—it’s never too early to start saving for your retirement years! Employment Opportunities at the HRFA The Hungarian Reformed Federation of America, a fraternal life insurance society, founded in 1896 in Washington, D.C., is currently accepting applications for the following positions due to corporate reorganization: President/Chief Executive Officer We are a small fraternal insurance society, seeking a President/Chief Executive Officer. Applicant must have experience in life insurance, and previous responsibility for operations and/or sales. Individual will have responsibility for day-to-day operations of the society and will oversee the activities of the fraternal and marketing areas. Some travel may be necessary. Hungarian language skills are required. Sales and Marketing Director We are seeking a full time person to fill a new position. Candidate should have a minimum of 5 years of demonstrated sales and marketing experience and be licensed in life insurance sales. Responsibilities include creating/imple- menting marketing plans to increase sales and providing sales support, training, and education to our field force. Applicant must have strong interpersonal communication skills and have the ability/willingness to travel. Hungarian language skills are helpful. Fraternal Director Position available for a self-motivated individual to develop a Fraternal Department for the above society. Applicant must have knowledge of fraternal programs, community service programs, and their implementation. Excellent oral and written communications skills are helpful. Ideal candidate should have minimum of 5 years of experience in fraternal or other volunteer organizations. Some travel may be necessary. Fluency in Hungarian and English are required. Compensation commensurate with experience. Benefits. Please send detailed resumes and salary requirements by June 30, 2001 to: HRFA Search Committee 50 N. Washington Ave. Colonia, New Jersey 07067-4098 * annual percentage yield—subject to change
