William Penn Life, 1981 (16. évfolyam, 1-3. szám)
1981-01-01 / 1. szám
Branch 590 Cape Coral, Florida Our first regular meeting of the year was held on January 11, 1981, 4:00 p.m. at 1323 SE. 35th Street. Our gracious host and hostess were Mr. and Mrs. Anthony G. Noel. Officers of Branch 590 were unanimously re-elected for another year, proof, that they were all doing an excellent job this past year. Officers re-elected are: Frank Sabo, President; Gabor Chikos, Vice President; Rose Darab, Secretary; Betty Bartus, Treasurer; Irene Redden, Entertainment Chairperson; Auditors, Elizabeth Noel, Irene Redden, Margaret Sabo; Reporter, Irene Esau. Our distinguished Branch Manager, Anthony G. Noel has accepted the Fraternal Communicators Assignment for the year of 1981. Our Christmas party, held December 20th at the “Captain’s Table” in Cape Coral was a huge success, 22 members attended. Thanks to the Home Office for providing the means. A notice to all members of Branch 590, our meetings for the year will be held on the following dates: March 8th, May 3rd—picnic at Betty and Steve Bartus’, June 7th, September 13th, and November 1st. Branch 590 Christmas Party Retirement Annuities Responsible people are interested in providing for their retirement years. Annuities are a fine means of achieving a secure retirement. They are safe and secure backed by the assets of the William Penn Association. There are also a number of advantages which many people find attractive. The annuities have two rates of interest. A guaranteed rate and a current rate. Let's look at the difference between these two rates. An organization like the William Penn Association which sells an annuity promises to pay at least a certain interest rate on your net contribution. (Net contributions, in the case of the William Penn annuity, is your total contributions). This minimum rate promised in the annuity certificate is the guaranteed rate. No matter how poor business conditions may become, the William Penn Association will pay this minimum rate. However, if conditions permit, the William Penn Association will pay a higher rate of interest than the guaranteed rate. This higher rate is the current rate and it can go up and down, but never go below the guaranteed rate. For the annuities the William Penn Association currently sells, the guaranteed rate of interest is 4.0 percent. Because the investments conditions are good, it allows the William Penn to pay a much higher current rate on its annuity business. Since January 1, 1981, the Board authorized a 10.0 percent on our annuities. The current rate does fluctuate. It is reviewed by the Board of Directors every six months. Which rate is more important, current or guaranteed? Under most conditions, people will be interested in the current rate. A reminder: for serving your insurance needs contact Branch Manager, Anthony G. Noel, who wishes to inform all members that his address has been changed to: 1323 SE. 35th St., Cape Coral, FL 33904. Telephone: (813) 542-0721. Please make an effort to attend our meetings. With kindest regards to all William Penn members from Branch 590. Sincerely, Irene Esau, Reporter 4206 Del Prado Blvd. Cape Coral, FL 33904 Telephone: (813) 542-4345 But when the economic conditions are poor, the guaranteed rate of an annuity acts as a kind of safety net, protecting your retirement. We, at the William Penn Association, have more than one plan for your retirement. 1. Flexible Premium Retirement Annuity, 2. Single Premium Deferred Retirement Annuity, 3. Single Premium Immediate Retirement Annuity. Providing for your own retirement can be rewarding and secure if you save through an annuity. If you would like to know more about the many other advantages of our annuities, please contact the Home Office at: William Penn Association 429 Forbes Avenue Pittsburgh, Pennsylvania 15219 20
