One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement,
after a certain number of years with the company, or based upon a certain level of performance.
One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement,
after a certain number of years with the company, or based upon a certain level of performance.
Other positive signs are offers of profit - sharing (additional contributions based on company profits) or pension plans (lifelong retirement benefits
after a certain number of years with the company).
Not exact matches
Longevity payments are factored into employee salaries
after workers have been
with the county for a
certain number of years.
Again, using U.S. health coverage as an example, under group insurance a person will normally remain covered as long as he or she continues to work for a
certain employer and pays the required insurance premiums, whereas under individual coverage, the insurance company often has the right not to renew an individual health insurance policy, for instance if the person's risk profile changes (though some states limit the insurance company's rights not to renew
after the person has been under individual coverage
with a given company for a
certain number of years).
If for some reason, one ceases to pay premium
after a set minimum
number of years, then a free paid - up policy may be secured
with reduced sum assured, subject to
certain conditions
For example, when do you pay out the profits, are there penalties to the investors if they pull out
of the fund before a
certain number of years, do they roll over the profits they've made and if so, are there incentives for that other than compounding, are you paying out - or allocating - ALL
of the profits to investors or yourself each
year (meaning if the fund closed tomorrow would you keep the chunk
of money left over
after paying out the investor profits and initial investments or would you divide that chunk up between all the investors), are you paying yourself a salary for managing the fund and if so, are you also profit sharing??? I ask that last one because once I switch over to a fund like this, the money I am currently pulling out
of each deal to live on, would need to stay in the fund and I'm left
with no income until the end
of the
year if that's when the fund distributes profits.