1) CETP is a plan that provides protection and long-term savings to finance a child's higher education expenses. It also provides financial benefits if the parent suffers from an event covered by the plan like death or disability. 2) Contributions made under CETP go into two funds - the Participant's Account for investment returns and the Participant's Special Account for mutual assistance in case of covered misfortunes. 3) Basic benefits include the agreed sum upon maturity, accumulated surplus if the parent passes away before maturity, and investment returns for investment-linked plans.
EAG offers unique scenarios for leaving a true legacy. Scholarships, Endowments, major charitable contributions can be accomplished while also leaving to your heirs. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com Also on YouTube: http://www.youtube.com/watch?v=eed-hrxoglI
A unique plan with benefits of premium waiver and lumpsum Sum Assured payment on death of the principal. Thus your dreams of a secured future for your children\'s still remains intact.
EAG offers estate planning solutions for the individual with assets that wish to transfer to their heirs while minimizing the effects of Estate Taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube: http://www.youtube.com/watch?v=Gbpa7zdW4eU
Retirees: Important Questions About Finances309finance
Baby Boomers are retiring and approaching retirement age at a very fast rate and with a very high volume. Many of the baby boomers as well as anyone reaching retirement might have questions about financial security or personal finances. This slide presentation is just a quick guide to popular retirees questions that you might encounter as well as questions regarding retirement and finances.
Note: we are not making any recommendations or advice via the slides. Our goal is to provide information to help you research and understand the challenges being faced by retirees.
Presented by: www.309finances.com
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
Child Edu Takaful Plan
1. Child Education Takaful Plan
Introduction
This is an introductory guide to help you to understand how the Child Education Takaful Plan
(CETP) works. The information here provides a basic overview, as the product can vary from
one takaful operator to another. However, it will give you information that will enable you to ask
the takaful operator the right questions, understand the answers and make the right choice
before you participate in any CETP.
What is Child Education Takaful Plan?
CETP is a plan, which provides you with protection and long-term savings to finance higher
education expenses of your child. Your child will be provided with financial benefits in the
event you suffer a set back covered under the plan. At the same time, your child will enjoy
long-term savings (or education fund).
If you participate in a CETP, you will be eligible for personal tax relief of up to a maximum of
RM3,000 per year for the combination of both medical and education plans.
Takaful concept in Child Education Takaful Plan
There are generally two main concepts that are used under CETP. The first concept is where
you make a contribution (on behalf of your child) into two separate takaful funds. Under this
concept, you undertake a contract ( aqad ) for part of your contribution to be invested by the
takaful operator and placed in a fund called Participants Account (PA), while the other part of
the contribution to be in the form of participative contribution ( tabarru'). The tabarru' will be
placed in a fund called Participants' Special Account (PSA) that will be used to fulfil your
obligation of mutual help, should any of the participants face a misfortune arising from death or
permanent disability. The profit from PA will be shared between your child and the takaful
operator according to a pre-agreed ratio.
The second concept is where you will make a contribution (on behalf of your child) into a single
fund. Unlike the first concept, all of your contribution will be invested by the takaful operator
and placed in the Participants' Special Accounts (PSA). If your children survive until the
maturity date of the plan, they will be entitled to the sum covered under the plan (given under
the Shariah concept of hibah ) plus the share of net surplus from the fund, if any.
2. Types of cover
CETP can be grouped as follows:
• Ordinary Child Education Takaful:
You and your child will receive financial benefits arising from death or permanent disability, as
well as long-term savings (education fund), and investment profits that are distributed upon
claim, maturity or early surrender.
• Investment-linked Child Education Takaful:
A portion of your contribution is used to buy investment units, such as units in equity or fixed
income securities. In addition to the ordinary takaful protection, which covers death and
permanent disability, the investment units will be sold upon claim, maturity or early surrender.
A family takaful rider or an extension of basic coverage for both you and your child is also
available. The rider provides coverage against personal accident and disability, hospitalisation
benefits, funeral expenses and critical illnesses.
Basic benefits covered under Child Education Takaful Plan
These benefits from a CETP are paid to you as follows: -
• Upon maturity and if your child survive, the benefit payable for all CETP products would be the
agreed sum covered under the plan (given under the Shariah concept of hibah ) plus the
accumulated surplus sharing. However, if your CETP comes with an investment-linked feature,
your child will be receiving the value of the investment units in addition to the agreed sum
covered under the plan.
• Should you pass away before the CETP matures, the contribution of the plan will be paid by the
takaful operator on your behalf until the maturity date of the plan. On the maturity date, your
child will be entitled to receive the amount accumulated in the PA, surplus from the PSA and
share of profits from investment (if applicable). However, if all the contribution goes into PSA,
depending on the takaful scheme participated, the above treatment applies or the sum covered
will be payable directly to an account under the child's name and managed by an appointed
trustee. The sum payable is the benefit (on the basis of hibah ) together with the accumulated
surplus sharing (if any) upon maturity.
• Should your child (as the participant of the plan) pass away, depending on the takaful scheme
participated, you, as the certificate holder, will receive the sum covered under the plan (given
under the Shariah concept of hibah ) plus the accumulated surplus sharing or you may have to
3. surrender the certificate for a surrender value or you may nominate your other children as the
participant.
Key terms and conditions
It is important that you understand the terms used in a CETP. If you have any doubts about the
meanings of these terms, you should ask your agent or the takaful operator. As the certificate
is a legal contract, the meanings used in the certificate will apply when a claim is made.
Some of the important terms are:
Contribution - This is the periodic sum of money that you pay to the takaful operator. You can
choose either to pay on monthly, quarterly, semi-annually or annual basis.
Grace period - You will be allowed 30 days grace period from the due date to pay your takaful
contribution. Should you pass away during the grace period, the unpaid takaful instalment will
be deducted from your takaful benefits.
Maturity period - Usually, the CETP matures when your child reaches the age 18 years to 22
years.
Salient features of Child Education Takaful Plan
Some of the salient features of a CETP are:
• Open to all individuals aged 18 to 55 years and children aged between 15 days to 17 years.
• Limited choice of maturity periods.
• No forfeiture in the event of cancellation .
• Facility for part-withdrawal .
• Surplus sharing with takaful operator .
• Provide long-term savings and investment .
4. Exclusions
Usually, a CETP will not cover the following:
• Attempted suicide or self-inflicted injury, whether you are sane or insane.
• If you breached the law.
• If you provoked an assault.
• If you were under the influence of drugs or alcohol.
• If you were to suffer from AIDS or HIV.
• Any other causes prohibited by Shariah.
Inform your nominee ( wasi )
• Let your nominee(s) know about your CETP, any changes that you have made and where you
keep the documents .
• Keep your documents in a safe place. Have the basic information, i.e. the name of the takaful
operator, type of plan, certificate number and the names of nominee(s) in a separate place .
• Make sure you inform your takaful operator the address of your nominee(s) and changes, if
any .
How do I make a claim?
The takaful operator will pay you, your child or your nominee(s), subject to the terms and
conditions of your certificate. In the event of a claim:
• Notify your takaful operator as soon as possible.
• For a maturity claim, provide a copy of the child education takaful certificate.
• For a death claim, your nominee(s) needs to provide the following documents :
o A certified copy of the death certificate ;
o A photocopy of the deceased's identity card ;
o Original child education takaful certificate ;
o Proof of claimant's relationship with the deceased; and
o Other documents as requested by the takaful operator .
5. How do I lodge a complaint?
In the event that you do not accept the rejection of your claim by the takaful operator or with
the settlement offer, you should first make a complaint with the takaful operator.
If you are still not satisfied with the decision, you can appeal to the Financial Mediation Bureau
(FMB) or Bank Negara Malaysia .
You must make your appeal to the FMB within 6 months from the date of the takaful operator's
decision. The FMB can only handle claims for an amount of up to RM100,000 per claim for
CETP. For cases not within the purview of FMB, you may refer them to Bank Negara
Malaysia .
Alternatively, you could take your case straight to the court.
Detailed information on how to lodge a complaint is available in the booklet entitled
"Fundamentals of Insurance and Takaful" or from our website at www.insuranceinfo.com.my
Do's and Dont's
When applying for a CETP:
DO DON'T
• Disclose all material facts on the risks to be • Leave any question in the Proposal Form
covered. unanswered.
• Read the "Important Notice" on the • Use ticks & dashes to answer the
Proposal Form. questions requiring full answers.
• Answer all questions fully and accurately. • Withhold or misrepresent any material
• Complete and sign the Proposal Form facts. Otherwise, the certificate issued may
yourself. be void, meaning that the claim can be
repudiated.
To ensure your CETP remains valid:
6. DO DON'T
• Comply with all the terms, conditions and • Forget to pay the contribution within the
endorsements of the certificate. terms allowed by the takaful operator.