In addition to the chance of instant wealth, some people prefer to receive their lottery winnings in annuity payments over time rather than a lump sum. This allows them to start investing the payouts right away and take advantage of compound interest, which can bring their final after-tax tota...
Life Ins. Co. of Boston, 145 Misc. 642, 646 (N.Y. Mun. Ct. 1932) ("[T]he power to sue ordinarily carries with it the power to settle."); see also Levine v. Behn, 169 Misc. 601, 605 (Sup. Ct. N.Y. Cnty. 1938), rev'd on other grounds, 282 N.Y. 120 (1940) ("[...
A $15,000 annuity payment written into Alvarez’s contract is considered income. Felice Harrison, the district’s community relations director, last year received $16,840 above her base salary of $139,508, while Hillside Elementary School Principal Michael Chiles earned an additional $14,056 ...
Abstract: The prediction of future mortality improvements is of substantial importance for areas such as population projection, government welfare policies, pension planning and annuity pricing. The Lee-Carter model is one of the widely applied mortality models proposed to capture and predict the trend...