An American life insurance industry study found that after receiving a large sum of money from a lump-sum settlement or judgment, a lottery windfall, or an inheritance, 25% of recipients had nothing left within two months. At the end of one year 50% had nothing left. After two years 70% had nothing left; and, within 5 years 90% had nothing left.
Before 1979 in Canada a plaintiff was compensated for personal injuries with a one-time lump-sum payment representing the sum of all damages suffered by the plaintiff. Whether awarded by a court, or paid as a settlement by the defendant's insurer, a plaintiff received one lump sum.
It would then be up to the plaintiff to spend the money wisely.
Product maturity refers to when a structured product will expire. A product with a "Product Maturity" of 60 days, for example, will expire in 60 days. A product's return on investment is determined on the date it reaches maturity. The earnings from the product will be returned to the investor's transitory account within 3 business days of this date.
The participation rate (PR) is a coefficient that determines how much an investor can expect to earn on a structured product for a certain amount of price movement in the base asset. This coefficient is determined automatically based on the parameters of your investment.
► What are your career aspirations?
► Why do you want to work for our company?
► What interests you about our product or service?
► Of your previous jobs, which did you enjoy most and why?
► How have you managed conflict in the past?
► Describe what you have done in your career that shows your initiative
► What are your weaknesses? Your strengths?
► What style of management gets the best from you?
► What have been your major achievements to date?
Some of the questions may even be targeted to your family and personal life.
These questions, though they seem harmless, play an important role in deciding whether you will be hired by the company or not.
There are some companies that would prefer a single man over a married man and vice versa. For example, a company that is hiring traveling salesmen would like to hire bachelors, while a company that intends to hire a senior manager, would like to hire a person who is well settled in life, which translates into marriage. Some questions that are asked are:
► Are you married?
► Do you have kids?
This is a kind of SWOT analysis that every interviewer would want the person to prepare for even before they join the company.
The very fact that a person knows his/her strengths and weaknesses tells the interviewer that the person is mature and knowledgeable enough to handle the job.
This question can also be termed as 'What brings you to us?" Interestingly, this question is asked more often during interviews for more exciting jobs, like a writer, a copywriter, or an advertising professional, etc.
This question is basically aimed at finding out whether the person who has applied for a typical exciting profession, like an advertisement professional, really knows the advantages and the disadvantages that come with the world of advertising.
You should avoid answers that state that you came in for the money, or that the job is pretty easy, or even that one of your relatives told you to apply for the said job.
The best way to answer this question is to tell the interviewer that you are interested in moving ahead in the said profession, and that you were always interested in the profession.
The academic qualifications are quite important in any job profile that you might be looking at today.
Almost every job that has responsibility attached to it will have several qualifications required. There are several cases where a person has not been hired because they did not have the required academic qualifications. Therefore, make sure that you have the required academic qualifications before applying for a job opening.