Věstník (Temple, Tex.), Vol. 102, No. 12, Ed. 1 Wednesday, March 19, 2014 Page: 21 of 32
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2014 SPJST Life Insurance and Annuity Extra
21
Isn't it time to review your current Life Insurance coverage?
By reviewing and knowing
that your information is current,
you háve peace of mind that your loved ones
will receive the care they deserve,
and you can be assured that you are receiving
the full value of your membership.
" Permanent Life Insurance
. \ Term Life Insurance
and Annuities
at affordable,
N competitive prices.
SPJST • PO Box 100 • Temple, Texas 76503 • (800) 727-7578 • www.spjst.org
• Straight Line Income Option
Also called Straight Life Annuity or
Life Annuity, this option provides
regular and equal distributions for
the lifetime of the annuitant, no mat-
ter how long (or short) the annuitant
li ves. When the annuitant dies, dis-
tributions stop. There are no more
distributions even if the annuitant
died with principál funds left in the
annuity. This option pays the high-
est net distribution amount of all
lifetime options.
• Refund Option
This option pays lifetime distribu-
tions to the annuitant, but if the an-
nuitant dies before receiving the
principál paid in, the remainder of
the principál is paid to a beneficiary;
either in a lump sum or in equal in-
stallments until the total of distribu-
tions equals the originál principál
amount when distributions began.
This option typically pays the lowest
net distribution amount of all life-
time options.
• Life with Certain Period
This option pays lifetime distribu-
tions to the annuitant, but if the an-
nuitant dies within a specified
period stated in the agreement (5
years, 10 years, 20, years, etc.), the
annuitanťs beneficiary would con-
tinue to receive the same distribu-
tion for the remainder of that period.
Example: If the annuitant chose
Life with 20 Years Certain and died
four years later, the annuitanťs ben-
eficiary would continue to receive
the distributions for the remaining
16 years. If the annuitant li ves past
the certain period, distributions
would cease when the annuitant
dies. This is the most popular life-
time option.
• Joint and Survivor Option
This option pays distributions to two
people (usually couples) for as long
as both shall live. When the first per-
son dies, the survivor continues to
receive distributions for the rest of
the survivor ’s life. When the sur-
vivor dies, distributions cease. De-
pending on the option taken, the
survivor may continue to receive the
full distribution, two-thirds or one-
half of the distribution.
Lifetime Option Taxation
Taxation on a Lifetime Option is
based on the exclusion ratio. It is based
on funds expected to be received by the
time the annuitant reaches life ex-
pectancy according to IRS tables.
Funds paid in exces s of this ratio are
considered taxable income. If the an-
nuitant lives to the pre-determined life
expectancy age, then all future distri-
butions will be considered 100 percent
taxable income in the year received.
-SPJST-
SPJST Youth Program Aims High
Program addresses sociál needs, civic responsibilities.
To build character among the young and to pur-
sue educational, patriotic, sociál, and athletic recre-
ation. Those are the goals of SPJST’s statěwide
youth program.
On an annual basis, youth clubs from 35 lodges
across the statě sponsor a wide range of sociál activities,
community Service projects and charity projects. Iťs
about having fun, but iťs also about contributing to the
welfare of the people of Texas.
The educational aspect of the SPJST Youth Program
is an integrál part of local youth club activities. State
and local programs address a range of areas, including
human relations, nátuře, parliamentary proceduře, ju-
venile decency, arts and crafts, the fine arts, music, dra-
matics and Czech tradition. Youth club members range
from grades kindergarten to high school senior.
The patriotic program consists of ceremoniál rituals
and an annual essay contest. The objective is to teach
the operation of a free democratic society and majority
rule. The sociál program includes parties, dances, pic-
nics, pageants, hay rides, and family group activities.
Summer Camp
SPJST also makes summer camping trips available
to its active young members. To be eligible to attend
camp at no charge, youth members must attend seven
out of 12 youth meetings or seven out of 12 adult lodge
meetings, if the lodge does not háve a youth club. Any
youth who initially joins a youth club and is not able to
make seven meetings can pay a fee determined by the
DYC to attend camp. Youth members must also attend
a majority of the youth activities in the youth club or
lodge. Non-active youth members may attend camp
for a fee determined by the District Youth Counselor.
State Youth Achievement Day
In addition to the camp program, the SPJST offers its
youth a program which encourages participation in var-
ious individual and group contests. The program cul-
minates with the State Youth Achievement Day (YAD)
and Royalty Contest held on a statewide basis on the
first Saturday in August. The crowning moment of
SPJST’s royalty competition is the coronation of the
king and queen who are selected on the basis of a
speech during which they are scored on content, deliv-
ery and overall presence. All of the individuals who
compete for the honor are winners in their own right,
having been selected to represent their respective dis-
tricts as king and queen candidates.
More than 500 youth and adults from across the statě
are expected to be at the Frank W. Maybom Civic and
Convention Center on Saturday, August 2 to participate
in the 2014 SPJST State YAD and State Royalty Con-
test. The day’s competition covers talent, speech, hand-
icrafts, foods, and educational projects.
SPJST’s youth program is a cooperative effort that
reflects the great potential of SPJST — young and old
— working together to achieve common goals and en-
joying life together.
Information on local lodge youth clubs may be ob-
tained by contacting your local lodge, District Youth
Counselor, State Youth Director at (800) 727-7578, or
by visiting www.spjst.org.
★ ★ ★ 2013-2014 SPJST State Royalty ★ ★ ★
Left to right are Duke Ethan Hilbig of Lodge
185, New Braunfels; King Sammy Hoggard of
Lodge 202, Jourdanton; and Queen Julia Za-
vodny and Duchess Emma Regan, both of
Lodge 47, Seaton.
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Zavodny, Melanie. Věstník (Temple, Tex.), Vol. 102, No. 12, Ed. 1 Wednesday, March 19, 2014, newspaper, March 19, 2014; Temple, Texas. (https://texashistory.unt.edu/ark:/67531/metapth631942/m1/21/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Slovanska Podporujici Jednota Statu Texas.