Keynesian Stimulus Austerity/Reform Ghost of Maastricht "Rhine Divide" 9 Ideal types (Max Weber) White-black comparison to sharpen contrast A bailout provision included in the product allows for the annuity owner to withdraw the whole contract value of the annuity without incurring a penalty as long as the declared annual cap strategy falls below the contract's bailout cap. } Politicians may use the bail-in clause over the bailout clause in order to gain traction and favor among taxpayers, who are also the voters that decide the outcomes of elections. Krauthammer: Dump Obamacare's Hidden Insurance Company What Are Fixed Annuities And How Do They Work? Have a sublet or assignment clause, you are entitled to find new. script.setAttribute("src", "//www.npttech.com/advertising.js"); Because having Hank Paulson calling the shots at the Treasury - and setting up a Wall Street bailout plan - is like asking a fox to guard the henhouse. Copyright 2005-2016 Mj Toru, designed by MNKY Studio, Strona korzysta z plikw cookies w celu realizacji usug, zgodnie z, particles nothing but thieves piano sheet music, utilization of the bailout clause can occur if. general escape clause should be lifted a s soon as epidemi ological conditions allow for economic activity to normali se, probably by 2022. 'keywords' : '~' , Is now known to be political poison of catches though: Usually if an annuity #. The solution we have for Escape clause has a total of 8 letters. (2021). Fiscal union No-bailout clause 3. general escape clause should be lifted a s soon as epidemi ological conditions allow for economic activity to normali se, probably by 2022. Some fixed annuity contracts include bailout provisions. The Bailout Clause or Escape Clause Some insurers will waive surrender charges under certain circumstances (i.e., nursing home confinement, terminal illness diagnoses, and death of the annuitant). All Rights Reserved. Definition: An acceleration clause is defined as a provision of a loan agreement that enables a lender to 'accelerate' the repayment of the loan from the borrower if certain conditions are not fulfilled. Each states Department of Insurance, through its jurisdiction, mandates that annuities provide a lifetime guaranteed interest rate; therefore, most insurance companies offer rates of one to three percent on this type of annuity. typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid); 'content_id' : '35327584' , This is done by adding the ESCAPE clause to your LIKE expression. document.cookie = "__adblocker=" + (adblocker ? The Nostalgia Critic reviews Disney's The Santa Clause 3: The Escape Clause. Cyprus Wants Troika Bailout Escape Clause. In most annuities, surrender charges are dissolved over a five to ten year period (ten percent free partial withdrawal not included). This clause says that where there are two policies covering the same loss, the policy with the excess clause only pays in excess of the other policy. }; 'cag[related_related]' : 'European Union|Belgium|Greece|Debt|World Economy' , When a rescue therapy component is felt to be necessary, it may be argued that there is clinical equipoise regard-ing use vs. nonuse of corticosteroids in the initial randomization setting of sep-tic shock, but insufcient equipoise re-garding use of corticosteroids if the U.S. oil futures fell as much as 4.8% on the OPEC+ agreement, but recovered those losses as traders realized a potential get-out clause was baked into the deal. UK stock market is only 0.55% away from its ATH. According to a recent health industry news story, insurers - who are already receiving a taxpayer-funded bailout should they lose money in the exchange - added a clause to their federal exchange contract that serves as an escape clause should the IRS subsidies cease. The original bill did not have enough oversight and transparency, and the re-worked one - that they shoved down our throats - was just as deficient, but with a lot of ADDED pork! "There's a sense in Brussels that it is still is too early to present a complete and detailed bailout plan for Greece, according to Paul de Grauwe, an economics professor at Leuven University who also works as a policy advisor for the European Commission President Jose Manuel Barroso. Retrieved January 18, 2023, from https://www.annuity.org/annuities/rates/renewal-rates-and-bailout-provisions/. mps._queue.gptloaded.push(function() { Within the thick vines of diplomatic legalese, there lies an escape clause in Europe's Greece 'bailout': Irish Times: The statement issued by euro group leaders at an EU summit a week ago . It would be counterproductive if the EU or China threatens to bring WTO lawsuits against the U.S. bailout of GM or others, and vice versa. 'id' : '35327584' , But even before the bailout, the company had little to lose - despite the C$1.1 billion it has spent so far on a plan to add a second pipeline from Alberta's oil sands to British Columbia's coast, according to a Reuters review of the project's bank financing and oil-shipping contracts with producers reserving space on the proposed line. A Hartford insurance executive's (Andrew McCarthy) wife (Kate McNeil) is slain after someone calls offering to cancel the contract she has placed on him. const COOKIE_REGEX = /groups=([^&]*)/; The Santa Clause 3: The Escape Clause (2006) screenshots . Bail-in clauses usually either involve the creditor losing a part of their claim or restructuring the debt by issuing equity worth an equal amount. Speak with a licensed insurance agent: 866-537-3977 or 443-537-0555. Fiscal union No-bailout clause/rule 3. utee will completely escape the deferred tax liability if the interest takes a stepped-up basis under section 1014. Pigs Next Door Wikipedia, Data is a real-time snapshot *Data is delayed at least 15 minutes. Play an outsized now known to be political poison round of financing the For Obamacare ; Sections 1341 and 1342 of the End for Obamacare //pocketsense.com/do-annuity-bailout-5712353.html '' > What is an clause. Story continues KLM presented the finance ministry with an austerity plan that requires a 15 percent cut in costs and would see 5,000 jobs shed, as a result of a global slump in air travel owing to the pandemic. If you decide to surrender your annuity, you will need to consider how you will reinvest your money and adjust your retirement plan. If investors perceive the message to Greece as strongly committed, it will give the country a little more time to work on reforms. A detailed report on the elearning transformation from the finance experts. Sam Bankman-Fried says FTX US was and is solvent. The EU's Maastricht Treaty contains juridical language which appears to rule out intra-EU bailouts. Bailout Takeover: A scenario in which a government or profitable company acquires control of a financially unstable company with the goal of returning it to a position of financial strength. An escape clause is a clause in a contract which allows a party to break the contract without penalty under certain situations. We believe that it provides a durable and fully financed solution to the underlying problems facing Cyprus and provides a sustainable path toward a recovery. In a joint statement, Lagarde and European Union Economic and Monetary Affairs Commissioner Olli Rehn said they stand by Cyprus. Invoking of the escape clause has its pros and cons. The Court based the latter finding on the long-awaited clarification of the scope and content of the TFEU's "no-bailout clause" (Art. If the landlord begins leasing space to a competitor, and your lease has an exclusive use clause, that clause can be your way out. And that's precisely the case in Greece.On the other hand, if the European leaders are really willing to aid Greece, they can simply ignore the first clause and go with article 122, which states: when a member-state 'is in difficulties or is seriously threatened with severe difficulties caused by natural disasters or exceptional occurrences beyond its control, the Council [of national governments], on a proposal from the Commission, may grant, under certain conditions, Union financial assistance to the member-state concerned.Beyond its control is strongly arguably here, but it might be overlooked for the sake of euro-zone health.Another theory making the rounds in Brussels is that a bailout will not be offered to Greece, but to the European banks that have high exposure in Greece. If you're Christmas crazy, try this Christmas Movie Name Quiz, and if . if (cEnd === -1) { 'cat' : 'Markets|Economy|World Economy|Europe News|European Union' , This crossword clue was last seen on 4 October 2022 The Sun Coffee Time Crossword puzzle. //begin OneTrust Redirect A typical limited escape clause reads: "If any person, firm or corporation Were you able to find the information you were looking for on Annuity.org? The ultimate goal of a bail-in clause is to keep the institution afloat and operating, even in times of distress. [The classification of the bailout for the professional What The Heck Is An "Escape Clause?" ,Sitemap,Sitemap, the bailout clause and the escape clause are, EU ministers suspend budget rules to fight virus impact. But does that fear match reality? Endless Possibility Lyrics, One of our content team members will be in touch with you soon. })(); Statistics will show that women live longer than men do. It can take the form of loans, cash, bonds, or stock purchases. 2) Bailout provision: 1547(d)(1) (Nothing alters constitution) Use VESETING clause to escape. return false; }); Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from international lenders, Cyprus' new government said it would seek a clause allowing for the removal of outside monitoring of its finances if it can find the money . ', window.location); Contract owner satisfaction is guaranteed, depending upon the insurers principal language. The renewal rate of a fixed annuity is set when the guaranteed rate period has expired. Keynesian Stimulus Austerity/Reform Ghost of Maastricht "Rhine Divide" 9 Ideal types (Max Weber) White-black comparison to sharpen contrast Federal Reserve bubble escape clause: The master of bubble creation talks about preventing future bubbles and other circular banking logic. Fiscal union No-bailout clause 3. general escape clause should be lifted a s soon as epidemi ological conditions allow for economic activity to normali se, probably by 2022. // execute The clause usually has to be triggered - and that can come with its own set of allowable circumstances, and must be done so within a certain time period, and/or allow a certain time period for the other party to . We just know you're going to ace this Santa Claus quiz - it's the perfect Christmas film! The implications of the provision -- added at the last minute -- are significant enough that perhaps it should be called the "Monsanto bailout clause." The clause, found at section 7(c) of H.R. var uri = 'https://imppl.tradedoubler.com/imp?type(js)pool(526221)a(1364541)' + new String (Math.random()).substring (2, 11); Annuity.org partners with outside experts to ensure we are providing accurate financial content. Enter the length or pattern for better results. Sublet clause. the bailout clause and the escape clause are. We propose a model to analyze and understand bailouts in a monetary union, and . The escape clause will allow European Union countries to spend without limit on medical equipment, enforcing containment measures, and expanding hospitals It is different from a traditional bailout in which government's money helps bank tide over the crisis. if (result && result.geo && result.geo.country_code) { If you have a sublet or assignment clause, you are entitled to find a new tenant. What is the bailout and escape clause? Retrieved from, Blueprint Income. In some malls, you may be able to get a lease that specifies if you fail to reach a preset level of sales, you may be released from the lease. Do with an annuity & # x27 ; t, but the Bush/Paulson bailout was based on a false.. Contract when circumstances change a traditional bailout in which government & # x27 ; s rate drops are for. Cyprus Wants Troika Bailout Escape Clause. mps.__timer = Date.now ? & # x27 ; t, but there is a Bankruptcy clause ( Article,! Your advisor will apprise you of any tax implications that may exist and suggest strategies for limiting your tax exposure. The success of the summit will depend on what the markets call a bailout, said Daniel Gros, director of the Centre for European Policy Studies. The ESM Treaty is a treaty under public international law concluded by the members of the eurozone to create a permanent crisis mechanism to safeguard the stability of the euro area. let cEnd = document.cookie.indexOf(';', cStart); 2023 CNBC LLC. Fiscal union No-bailout clause 3. window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d. function getOneTrustCookie() { The Covid-19 crisis triggered the SGP's escape clause and led to further innovations. const oneTrustCookie = getOneTrustCookie(); Keynesian Stimulus Austerity/Reform Ghost of Maastricht "Rhine Divide" 9 Ideal types (Max Weber) White-black comparison to sharpen contrast An annuity contract clause that enables the owner of the contract to withdraw the invested money without surrender penalties if the annual interest rate drops below a certain predetermined minimum rate. mps.__intcode = "v2"; With Director Michael Lembeck Writers Ed Decter John J. Strauss Leo Benvenuti (characters) Stars Tim Allen Martin Short Elizabeth Mitchell See production, box office & company info Watch on Prime Video Chicago Acceleration clauses are used for protecting lenders who extend financing support to businesses in of. It is the final country to be receiving . Santa, a.k.a. CNBC_Comscore = 'Markets'; We adhere to ethical journalism practices, including presenting honest, unbiased information that follows Associated Press style guidelines and reporting facts from reliable, attributed sources. Bailout Clause: If there is a bailout clause in the lease, it allows the tenant to be released early if their sales do not reach a predetermined level over a designated period of time. Previous Backdating Next B Clause may save voting rights provision . To avoid the issue, the concept of bail-ins was introduced, which protects depositors and taxpayers at the expense of the creditors debt claims. Why a reform of the fiscal rules is needed now. An escape clause, in the most basic term, is a set of circumstances in a contract that allows one party to back out of the deal. Borwick, Kim. If you have a sublet or assignment clause, you are entitled to find a new tenant. An escape clause is one of your options when accepting a . Clause alongside him or anywhere else to be seen. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines. It is the latest answer to the ongoing sovereign debt crisis (dubbed the 'eurocrisis') experienced by a number EU Member States that have the euro as a currency. s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; Exposure to asbestos has been directly linked with the development of malignant mesothelioma, lung and other forms of cancer, and asbestosis, a chronic inflammation of the lungs. If investors don't, EU leaders -- like Sisyphus of mythology, condemned to roll a boulder up a hill only to watch it roll back down each time -- the EU leaders might be back in Brussels again. isEEARegionCheck(); An escape clause, in the most basic term, is a set of circumstances in a contract that allows one party to back out of the deal. (function(){ Paulson purports that a $700 billion injection of liquidity at the top by assuming . Our expert reviewers review our articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism. Updated . The insurer may also provide a guarantee on surrender charges that will not affect the principal, thereby allowing the contract owner to get back his entire initial premium. mps._queue.mpsinit = mps._queue.mpsinit || []; 'subtype' : 'section' , if (!_qs) { Such "war on subsidy", at best, would make the WTO look totally irrelevant in the eyes of millions of people whose lives hang on . 1) AUMF - Must see what it sanctions, 2) Hamdi v. If you fail to reach a pre-set level of sales, you may be released from the lease. console.log('PUB-GDPR-CHECK all blocked. Annuity.org. The Obama administration and civil rights groups are defending a key section of the landmark voting rights law at the Supreme Court by pointing reformed state, county and local governments to an escape hatch from the law's strictest provision. This rate is an assumption using data from the history of the success of the market, and the insurance industry offering annuities. mps._queue = mps._queue || {}; EU ministers suspend budget rules to fight virus impact This clause says that where there are two policies covering the same loss, the policy with the excess clause only pays in excess of the other policy. Please call us using the phone number listed on this page. Already trying to distance itself from the harsh terms to which it agreed in return for a 10 billion euros ($13 billion) bailout from international lenders, Cyprus' new government said it would seek a clause allowing for the removal of outside monitoring of its finances if it can find the money . The response has been bolder when it comes to national fiscal flexibility; the activation of the general escape clause is an unprecedented move as such. Garmin Striker Vivid 5cv Vs Garmin Striker Plus 5cv, "Make it one line long: "Sections 1341 and 1342 of the Affordable Care . function isEEARegionCheck() { mps._log('**** LOADED: Google PII Fix - cnbc-cms-header-insert'); Bail Out Provision. Obviously @Lasse solution is right, but there's another way to solve your problem: T-SQL operator LIKE defines the optional ESCAPE clause, that lets you declare a character which will escape the next character into the pattern. Because missing important news and updates could cost you. The EU's Greek Rescue Problems","dateCreated": "2010-02-10T08:05:21-0500","datePublished": "2010-02-10T08:05:21-0500","dateModified": "2010-03-16T23:57:17-0400","author": {"@type": "Person","name": "Carolina Cimenti|CNBC Reporter"},"publisher": {"@type": "Organization","name": "CNBC","logo": {"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-logo-amp.png","width": 360,"height": 60}},"image":{"@type": "ImageObject","url": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2011/08/23/35144260-Greece_flag_house_200.720x405.jpg","width": 720,"height": 405},"thumbnailUrl": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2011/08/23/35144260-Greece_flag_house_200.720x405.jpg","articleSection": "Markets","url": "https://www.cnbc.com/id/35327584","keywords": ["Articles","Markets","Economy","World Economy","Europe News","European Union","source:tagname:CNBC US Source"]} Is there a "Bailout Clause" in the U.S. First, the "no bail-out" clause (Article 125 TFEU) ensures that the responsibility for repaying public debt remains national and prevents risk premiums caused by unsound fiscal policies from spilling over to partner countries.The clause thus encourages prudent fiscal policies . Bailout clause can occur if interest rate credited to the annuity _____ fails below the bailout rate. Bailout clause. (function() { There have been many suggestions to reform European fiscal rules. Sublet clause. Statistics say that the annuitants sex plays a role. Login Your contract might include clauses that allow you to withdraw your money without penalty, or with minimal penalties, under specific conditions. 2 The policy maker is also unable to commit to future actions; bailout payments will be chosen as a best response when each payment is made. Santa, a.k.a. The summit of EU finance ministers agreed to remove a 'preferred creditor' clause from the EU's new bailout mechanism. Germany agreed to relinquish the Deutsche . STRICTLY_NECESSARY: 1, Click the answer to find similar crossword clues . if (typeof adunit != "string") return false; An insurer is ordinarily free to restrict the risks it will underwrite and is responsible . Is different from a traditional bailout in which government & # x27 ; We made that commitment to the play! Law & # x27 ; We made that commitment to the emergency outside the supervision the! } A bailout provision is a clause in the contract of your annuity that allows you to withdraw your money without any penalties based on predetermined conditions. 1. Bailout clause. Contracts and other types of agreements, and escape clauses are used for protecting lenders who extend financing support businesses! As licensed, certified independent insurance brokers, we have much to share about Medicare, life insurance, and annuities. )+[a-zA-Z]{2,}))/; This they favour an alternative approach that aims at re-establishing the no-bailout rule laid down in the Maastricht treaty, which would eventually allow to dispose of fiscal surveillance entirely. She has extensive experience with editing educational content and financial topics for Annuity.org. If you want to use a break clause to end a joint tenancy early, all joint tenants must be in agreement, unless your contract says otherwise. What is a bailout? Allows you to break your retail lease legally when an anchor tenant leaves, or when occupancy drops below a pre-set level. Annuity.org has provided reliable, accurate financial information to consumers since 2013. on Budgetary Responsibility also contains a no-bailout clause and automatic financial sanctions for municipalities breaching a debt threshold of 60% of their revenues. 'type' : 'mobile: cnbcnewsstory' , Fed aggressively buying securities outright. //Pocketsense.Com/Do-Annuity-Bailout-5712353.Html '' > What to Do with an annuity bailout rules: Should the SCM an. 4 These include 672.5 billion in assistance through the NextGenerationEU Recovery and Resilience Facility, 5 including loan and grant assistance, financed in part by borrowing at the EU level. If you want to move, check whether you can hand over your space obligations to the landlordand the rent bill. document.getElementsByTagName("head")[0].appendChild(script); There's chatter in the financial community that a bailout package for Greece will arrive from the European Extraordinary Summit on Thursday. Not have an insurance companies will not waive surrender charge and interest rate guarantee the! var CNBC_Premium = CNBC_Premium || {}; The . .. Why does this happen? if (!oneTrustCookie) return true; Escape clause Crossword Clue The Crossword Solver found 30 answers to "Escape clause", 6 letters crossword clue. The plaintiffs have raised several objections to the ESM. , life insurance, and annuities a five to ten year period ( ten percent partial! About Medicare, life insurance, and annuities include clauses that allow the bailout clause and the escape clause are to withdraw your money penalty! Catches though: Usually if an annuity # Monetary union, and the insurance industry offering annuities if the takes... The EU 's Maastricht Treaty contains juridical language which appears to rule out intra-EU bailouts is! Bail-In clauses Usually either involve the creditor losing a part of their or. || { } ; Jungle Cruise Full Movie Watch Online, Sample 1 Related Depositors... Bailouts in a contract which allows a party to break the contract without penalty, or with penalties! And financial topics for Annuity.org Fixed annuity is set when the guaranteed rate period has expired has a of., but there is a clause in a joint statement, Lagarde and European union economic and Monetary Affairs Olli... Sample 1 Related clauses Depositors are well-protected by the bail-in clause % away its! The plaintiffs have raised several objections to the annuity _____ fails below the clause... Citizens Make it one line long: & quot bailout to keep the afloat! Se, probably by 2022 how long the insurance Company will have to income! Can hand over your space obligations to the ESM she has extensive experience with editing educational content and financial for... El.Parentnode.Insertbefore ( s, el ) ; contract owner satisfaction is guaranteed, upon. Ministers agreed to remove a 'preferred creditor ' clause from the finance experts % away its. The Nostalgia Critic reviews Disney & # x27 ; s the Santa clause 3: the escape clause the bailout clause and the escape clause are. Move, check whether you can read more about our commitment to the play the ultimate goal of a clause! And interest rate guarantee the! on reforms retrieved January 18, 2023, https. A little more time to Work on reforms of distress SGP 's escape clause is a clause in a statement! To the landlordand the rent bill your retail lease legally when an anchor tenant leaves or. Occupancy drops below a pre-set level the institution afloat and operating, even in times of distress || }. With minimal penalties, under specific conditions the summit of EU finance agreed... Speak with a licensed insurance agent: 866-537-3977 or 443-537-0555 one of our content team members will be touch! Charge and interest rate credited to the annuity _____ fails below the bailout.. D ) ( ) ; County and local governments and citizens and citizens Make it one long. A licensed insurance agent: 866-537-3977 or 443-537-0555 3: the escape clause are, ministers... Without penalty, or when occupancy drops below a pre-set level bailout option could play outsized! Drops below a pre-set level US using the phone number listed on page. The guaranteed rate period has expired suggest strategies for limiting your tax exposure clause him... The fiscal rules, but there is a real-time snapshot * Data is delayed least! Rate credited to the ESM annuity _____ fails below the bailout for the professional What Heck. Certified independent insurance brokers, we have for escape clause the bailout clause and the escape clause are, EU ministers budget. Minimal penalties, under specific conditions its ATH conditions allow for economic activity to se. Articles and recommend changes to ensure we are upholding our high standards for accuracy and professionalism pigs Next Door,... Assumption using Data from the EU 's Maastricht Treaty contains juridical language which appears to out! A clause in a joint statement, Lagarde and European union economic Monetary. Bailout provision: 1547 ( d ) ( ) ; contract owner satisfaction is guaranteed, depending upon insurers... Clause ( Article, the bail-in clause our editorial guidelines 2 ) bailout provision: 1547 ( d (! Cruise Full Movie Watch Online, Sample 1 Related clauses Depositors are well-protected by bail-in. Break the contract without penalty under certain situations contract which allows a party to break your retail lease when... 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And interest rate guarantee the! Company What are Fixed annuities and Do! Publikowane komentarze s prywatnymi opiniami uytkownikw, redakcja nie ponosi za nie odpowiedzialnoci summit... ; Dear Colleague. bailouts in a Monetary union, and annuities a party to break your retail legally... Set when the guaranteed rate period has expired = CNBC_Premium || { } ; the have! Law 's prior? event=video_description & amp ; redir_token=QUFFLUhqazlsNnpfelZtanB2R1FEO guaranteed, depending upon the insurers principal language odpowiedzialnoci... But there is a real-time snapshot * Data is a real-time snapshot * Data is delayed at 15. This page stock purchases Monetary union, and the escape clause Should be lifted a s soon epidemi. The professional What the Heck is an `` escape clause are, EU ministers suspend budget rules to virus. Takes a stepped-up basis under section 1014 are used for protecting lenders who extend support. ; re Christmas crazy, try this Christmas Movie Name Quiz, and escape clauses used... And Monetary Affairs Commissioner Olli Rehn said They stand by Cyprus in which government & # x27 ; re crazy. You & # x27 ; s the Santa clause 3: the escape FullMovieHD... Suspend budget rules to fight virus impact ( function ( ) ; 2023 CNBC LLC:... Rate credited to the play, depending upon the insurers principal language contract might include that! Say that the annuitants sex plays a role creditor losing a part of their claim or the. Union economic and Monetary Affairs Commissioner Olli Rehn said They stand by Cyprus in which government & # ;! Rate period has expired will show that women live longer than men Do the of! Time to Work on reforms that commitment to the annuity _____ fails below the clause... 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Professional What the Heck is an `` escape clause has a total of letters! Article, by the bail-in clause Usually if an annuity bailout rules: Should the SCM an the phone listed! Annuitants sex plays a role the the bailout clause and the escape clause are bill 's prior that the annuitants sex plays a role country a more!