Under the Parsonage Roof by Althea S. Miller TEARS
What every Christian should knowabout Moody Annuities H E R E AR E T H E ANSWERS TO QU E S T I ONS MOST F R E Q U E N T L Y A S K E D . . . Perhaps, like many other Christians, you’ve heard a lot about annuities, but you’ve never read a simple, brief explanation o f what they are, and how they work. Then, this message is for you.
W hat was that we went to tonight?” Ardyth asked Mother as she skipped by her side. “You know, Sweetie. Bob and Bet ty were married in the church.” “I mean what was that called at the annex where we ate?” “That was the reception for the wedding guests. Did you like it?” “Uh huh. I had a good time. But I saw Betty’s Mama cry. You did, too, a little. Why did you?” “Oh, I guess it was because we were happy.” “ I only cry when I’m not happy,” the little miss mused as she tried to ponder the imponderable emotions of the grown-up world. Nor could Moth er have explained for the life of her how or why she weeps when happy. All she can say with certainty is that tears, both bitter and sweet, have dimmed her eyes of late. Mother did not lose a son in this recent marriage; rather, she gained a daughter. Yet she wept because the family ties of childhood have been broken with a positive finality. Bob will be off to school trying to prepare for whatever God has for him to do. Yesterday Mother bid fond farewell to Bill, her tall, fair-haired second son. Such a short time ago he was a mischievous, chunky boy. Now he stands on the threshhold of manhood with seriousness of purpose etched on his face as it is set toward college. In a new sense Mother again dedi cated him to the Lord. Tears fell like rain, for the parting cut deeply into the recesses of her heart. But whose hands can better take over and guide the boy than the Lord’s? In answer to the call of God to an other field of labor, this family has parted with friends whose fellowship in the gospel has been precious. The storm caused by these separations has made Mother’s heart reach out for heaven with increased desire. And there, around the throne, the “desire of all nations” will wipe away all tears.
What is an annuity? In simple dictionary terms, an annuity is a specific amount of money paid to an in dividual at regular periodic intervals. How much money you receive and how often you receive it depends on which of several kinds of annuity agreements you enter into. Basically, a Moody Annuity Agreement i$ a legal contract by which m o o d y bible in s t it u t e , in appreciation of a gift of money for its work, promises to pay the donor a fixed sum of money at regular in tervals as long as he lives. Why do people buy Moody Annuities? Suppose you want to make a contribution to help support the work of Moody. At the same time you need a certain sum of money coming in regularly for living expenses. So, let us say, you make a gift of $1,000. Part of this sum will immediately be used to support the daily needs of the Moody min istry, and the rest will be set aside in a fund to guarantee you a regular income for as long as you live. Some o f the soul-winning activities of Moody that your money will help under write are the tuition-free Day and Evening Schools, Radio Station WMBI. the gospel literature work, and the gospel-science films. You can enter into a Moody Annuity Agreement for as little as $300, and there is no “ceiling” on how big an annuity you can purchase. Hoiv much income do you receive? It’s possible to receive a return of up to 8’A % , but you must keep in mind that j annuity rates are figured like insurance rates, in that the size o f the payments you receive are based on your age at the time you take out your annuity. They are also based on the size of your gift. . . the larger the sum, the bigger your income. For ex ample, if you purchase a $1,000 annuity when you are 65 (female 70) years of age, your annual income for life would be $59.22. If you are 70 (female 75) when you make your annuity contract, you would receive a life income of $64.66 per year. Annuity payments may be made to you on a semiannual or annual basis, whichever you prefer. That portion o f the'annuity sum which is considered the gift to the Institute is an allowable deduction from income taxes as
a contribution. A certain portion of the an nual annuity income is tax free. Only the taxable portion should be reported as in come. A statement for income tax purposes accompanies the agreement. How safe is your Annuity Agree ment under the Moody plan? The Moody Annuity Plan was instituted more than forty-five years ago and not once during this period have we missed making a payment. Unlike stocks, bonds, mortgages and other securities, no time is required to supervise your Moody Annuities, since there are no market fluctuations-to worry about. Your return is steady, regular and on time. ........ What different types of Moody Annuity Agreements are available? ( 1) Single Life Agreement is issued to one person, who will receive a specified bi corne for life. (2 ) Joint Agreement provides for payments to two annuitants jointly. On the death of one, his payment is made to the survivor. (3 ) Survivorship Agreement provides for payment to one individual until his death, after which the payment is made to a second person, the survivor, named in the agreement. How you can get started in the Moody Annuity Plan Just send for fr e e booklet, “ D o u ble D ividen ds .” Fill in coupon and mail today.
Carl J. Friztn.
K-56-22-2
Dept, o f Steu jrdship M OOD Y B IB LE IN S T IT U T E
820 N. La Satie Street * Chicago 10, Illinois □ Please send me "DOUBLE DIVIDENDS, story o f Moody Annuity Plan. 0 Please send folder, " You Can Take It With You,” relating to stewardship and wills.
Kante ,,
.
A w
Address ___________ _ ________________ j City ______________________ Zone ____ State __
Send to Prayer Time, The King’s Business maga zine, 558 So. Hope, Los Angeles 17, California.
OCTOBER 1956
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