Single Premium Insured Deposit Plan May Be Right For You
By RON HOLLAND
Consi&r a single premium insured
deposit plan if you are looking for an
alternative to low, taxable bank
certificate of deposit rates and are
concerned about the recent market
value fluctuations in municipal (tax
free bowl) investments.
Basically, this investment is a
single premium life insurance policy
which has been updated and ex
panded into a prime investment
vehicle. Your principal and interest is
fully guaranteed by the life insurance
company and you can withdraw your
principal at any time.
Your yield is currently one and one
half to two percent above bank
certificates of deposit awl it gram
tax free.
Insurance may not be foremost in
your mind and you probably already
have mora than snangli insurance,
but it Is important to understand that
multi-million dollar lobbying effort In
Washington each year. This
tremendous effort gives life in
surance products tax advantages
over many other investments.
The single premium insured
deposit plan contains just enough Ufe
insurance to qualify for these tax
advantages. The following are ad
vantages created by this shield of life
in? ance:
Ron Holland's Report
? Your Investment compounds tax
free.
? You can borrow your investment
and earnings (cash value) tax free.
? The proceeds from the policy at
death of the insured go to the
beneficiaries' estate, tax tree. -
In this investment product, the
insurance company generally
provides:
? 100 percent principal bade
guaranteed at any time.
? A market value that doesn't
fluctuate.
? A guaranteed interest rate
period from 1 to 4 yean.
? A number of flexible settlement
options which can give you
guaranteed income for life.
? A death benefit generally ex
ceeding double your initial in
vestment.
fot most portfolios
With the likelihood of rising interest
rates forcing bond values down, this
product also provides a principal
value that doesnt fluctuate. Just like
bank CD's and IRA accounts, there Is
Km Holland u vie* >ririlnt 1 In
vutRNti with Flrit Trynn
His fhtiHtlil column will
In TIm Naws Record en a
regular basis.
Help Available For Madison Small Business
Western North Carolina small
business owners now have the op
portunity for expanded funding
through a newly-approved certified
development company.
The Smokey Mountain Develop
ment Corporation (SMDC) has
recently been certified by the U.S.
Small Business Administration as a
"504 corporation," according to the
SBA-Washington, D.C., office.
SMDC was approved to operate in
Madison, Haywood, Graham,
? Cherokee, Clay, Macon, Jackson,
Transylvania, Henderson and Swain
counties as a non-profit certified
development company.
The purpose of the corporation is to
create or save jobs through the
fostering of economic development
by making available intermediate
and long-term, low down-payment,
reasonably-priced loan financing for
small and medium-sixed businesses,
Hertzberg said.
SMDC was established as a non
profit organization to design, engage
in, encourage, assist and promote the
industrial, commercial and
residential development of the 10
westernmost counties not already
being served by a certified
development corporation.
According to SMDC President John
A. Seay of Bryson City, loan funds are
available to: acquire land,
machinery and equipment; construct
new industrial facilities or renovate
existing industrial facilities. The total
project cost must be in excess of
$250,000 and have loan participation
from a local bank or other financial
institution.
U.S. Small Business Ad
ministration regulations require a
CDC corporation to have at least 25
members to be certified; these
members must represent local
community organizations - either
private or public, local lending in
stitutions, local business
organizations and local government
agencies.
Madison County representatives
with SMDC are Jerry Plemmons,
representing private business, and
Augusta Ann Jenkins, Mars Hill town
official.
Individuals interested in in
formation about these business loans
should contact Thomas S. Pouts at
(704)227-7492.
Mars Hill Professor Wins $50,000 Grant
Jo Ann Croom, assistant professor
of biology at Mars Hill College, has
received a $50,000 grant from the
National Institute of Health.
The award was one of 75 grants
made nationwide to institutions
which provide training for research
scientists but which have not
previously been major participants in
National Institute of Health (NIH)
projects.
Croora is an alumna of Mars Hill,
class of 1967, and earned her bachelor
and master of science degrees from
N.C. State University. She has con
tinued her studies at Western
Carolina University and has begun
work toward a doctorate degree.
The |S0, 000 grant, made through
NIH's General Medical Sciences
Division, will be used for a two year
study of the mechanisms of DNA
repair in human lymphocytes
isolated from the blood.
Madison Graduate Byrd Honors Scholar
Jamie Lynn O'Brien, a recent
Madison High School graduate, is
among 123 outstanding high school
seniors to receive the 1M7 Robert C.
Byrd Honors Scholarship.
The Robert C. Byrd Scholarship
Program is a federally funded
program established to promote
student excellence and achievement
and to recognize exceptionally able
students who show promise of con
tinued excellence. Each applicant
must be a graduate of a public or
private secondary school in North
Cupping or have the equivalent of a
certificate of graduation and must
have been admitted for enrollment at
an institution of higher education.
These $1,500 scholarships are
awarded on the basis of merit for the
first year of study and are not
renewable. Byrd scholarships were
awarded for the first time this year
for study in academic year 1987-OB.
Jamie is the daughter of Dr. and
Mrs. Michael O'Brien of Mars Hill.
She will attend Duke University.
Water Bills Late
Water customers in the town of
Marshall should not count themselves
lucky because they have not yet
received their monthly bills.
Marshall town clerk Linda Dodson
said Monday that billing is running
behind schedule this month, but said
that customers should receive bills by
the first of next week.
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MOOf I
111
MOM
410 ^
Read and Write
LESSON NO.
19
bleat
coat
float
throat
colt
jolt
vole
BOlt
low
slow
grow
throw
?aha a loaa
got hla goat
row a boat
a wink coat
a gold rlag
the old-tlaor
aa bright aa a rainbow
folds all tha notss
la tha alck of tlaa
iom coal
hold tha polo
blowa hla aoaa
apoks to Joa
a lag la the aunshlna
rat haa mm top* to hold tha
pole.
la stole tha gold.
It la a Mia ha la.
All tha braad la aid and haa aold
on It.
Joa floats la tha sMt.
Jos hroks hla toa.
fha folds a nota.
Som tow tha boat.
Joa had a cold.
Pat aold a gold rlag and
mad a a loaa.
Co balow la tha aanhola.
Trada tha aallboat for a tugboat.
Bahald tha ralabow!
tick waa holding tha clot.
Joa waa aa alow aa a alowpoka.
The News Record is publishing this lesson so that viewers of
"Learn To Read" may practice skills taught on Saturday's
broadcast, seen locally on channel 13. A new lesson will appear
every week until Oct. 3.'
Bemco Bedtime
Savings
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box springs at
clearance savings.
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