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Clinch Valley Times
St. Paul , Virginia
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October 14, 2010     Clinch Valley Times
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October 14, 2010
 

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(LINCH VALLEY TIMES, St. Paul, VA, Thursday, October 14, 2010 Page5 Castlewood class offers older[ yearbooks at special prices The journalism class at Cas- the years 1984 through 2005, tlewood High School is selling and are $30 each. older yearbooks at reduced For more information or to prices, reserve your copy, call 276-762- The books available are from 9449 and ask for extension 213. iff. " CVTimes Deadlines: Editorial copy (birthdays, anniversari, press releases, calendar items, weddings, etC.) 4 p.m. Monday AdX, ertising (classified and display) 12 noon Tuesday j I REIVlEMBER THE GOOD OLD-DAYS?...Jack Clay, Abingd0n, brought us this picture of the Dante Boy Scout Troop #1 (part of the Lonesome Pine Council), in February, 1939. The front row includes Cub Scouts. Pictured, left to right, are Tom Weaver, Max Stapleton, Reginald Stallard, Adair McFoy, Grover Chaffin, "Mutt" Towns, unidentified, Bill Rumgay, Paul Smith, unidentified and Glen Palmer; second row, David Anderson, Charles Dooley, Joe Allen, unidentified, Norris Chaffin, Arlett Phillips, L. C. Gordon, Jack Clay, Jimmy Lee Turner, H.B. Smith, Sylvester Boiling and Sam Smith; third row, Jim Harr, Jim Stickley, Marvin Hobbs, Jesse Henegar, Henry King, __ Salyers and Robert Griffith; fourth row, Harry Barker, Bill Henegar, Fred Fox, Jim Stewart, Bob Herr, Henry Kinser, John Anderson, Buford Ring, Bill Wolfe and Tom Ring; fifth row, Harry Owens, Bose Gillenwater, Scoutmaster F. L. Thompson, and Assistant Scoutmaster Harold Bibbs. The picture was taken, Mr. Clay told us, behind Dante's Union Church in Charlie Kinser's front yard. Our thanks to Mr. Clay.* Virginians advised by SCC regarding life insurance and retained asset accounts The death of a loved one is a difficult time, not only emotio- nally, but often financially. Life insurance is designed to help meet financial obligations fol- lowing someone's death. Many life insurance policies provide for a single payment of the death benefit, and some also ,offer other payout options. Those options should be de- tailed in the policyholder's life insurance policy. The State Cor- poration Commission's Bureau of Insurance encourages Virgi- nians to make sure they un- derstand their options, particu- larly if a life insurance company offers a Retained Asset Account (RAA) as an alternative to a sin- gle payment. An RAA is a temporary repo- sitory for proceeds from a life insurance policy. Some insurers may refer toan RAP, by another name, but these accounts all ge- nerally work the same way. These interest-bearing accounts are designed to give the bene- ficiary time to consider all of the financial options available. Be- neficiaries receive a "check- book" from the insurance com- pany for the withdrawal of proceeds from the RAA, The beneficiary may withdraw all or part of the money using the checkbook, which may resemble a bank account checkbook, but may actually be different in some ways and may not have the same protection. RAAs are generally provided as an option to the beneficiary; however, for some group policies, the group policyholder (often the employer) may have agreed that an RAA is the only NOTICE PET OWNERS Rabies Vaccination Clinics (Buchanan, Dickenson, & Russell Counties) SATURDAY, ALL DAY 16th OCTOBER, 2010 Council Schools (Rt. 80) - 6:30 AM Davenport Post Office - 8:1S AM E 6 S Grocery (Birchleaf) - 9:4S AM Breaks Cross Roads - NOON United Supply Co. (Big Rock) - 1:00 PM New Riverview School (Rt. 460) - 2:00 PM Mike Rasnake Store Drill (Rt. 624) - 3:30 PM Honaker Elem. School (Rt. 67)- 4:15 PM Elk Garden School (Rt. 80 & US 19)-6:30 PM SUNDAY AFTERNOON 17th OCTOBER, 2010 Cleveland Park Along Clinch River - 12:30 PM Old Clinchfield Building in Dante - 2:00 PM Castlewood Schools - 3:45 PM PLEA,E READ AND COMPLYI Leave Pets In/On Your Vehicle. I The Doctor Will Come To I I Your Vehicle And Vaccinate. [ FEE: Dog 1 Year Rabies - $10 Dog 3 Year Rabies - $20 Dog Distemper/Parvo Combination - $15 Cat I Year Rabies - $10 Cat 3 Year Rabies - $20 Cat Distemper/Combination - $15 *Pets under 12 months of age can only be vaccinated for I year rabies. Note: Rabies presents a health hazard to man and animal. Have your pet protected by vaccination this Satmlay or Suudey at the closest clinic listed above. Sponsored by: Dr. Fred B. Gent II & Cumberland Plateau Health District I 10-13-1t "way life insurance Ci are---to- be settled. In such cases, the beneficiary may write a cheek or draft to transfer the remaining funds as he or she sees fit. "When it comes to life in- surance payout options, one size does not fit all," said Virginia Insurance Commissioner Alfred Gross. Consumers should consi- der the following when provided an RAA to settle a death claim or when contemplating an RAA as an option What interest rate will be paid on the proceeds? How will the interest rate be de- termined and how will the interest amount be credited to the account? * Will the proceeds be held in a bank?  If so, what condi- tions and limitations ate ap- plicable to FDIC protection of the proceeds? Will the proceeds be held by the insurer? If so, what conditions and limitations are applicable to state gua- ranty fund protection of the proceeds should the insurer fail? Will the proceeds he held in a bank checking accotmt or an interest draft account7 What banking services, if any, will be provided? What services will be pro- vided at no charge and what services will involve a fee7 Other life insurance payout options include a single pay- ment, known as a "lump sum" payout, installment payouts for a fixed amo0unt or period of time, installment payouts for a life- ime, and interest only payouts. If you are the beneficiary of a life insurance policy, contact the insurance company in a timely manner after the death of the insured and be prepared to provide that proof of the insured's death to initiate the claims process. Ask questions and take your time to determine the right payout option for you. If you have questions about life insurance or RAAs, contact the Bureau of Insurance in Richmond at 804-371-9741 or toll free (nationwide) at 1-877- 310-6560 or visit www.scc.virgi nla.golv/boi. DEADLY NEUROMUSCULAR DISEASES WlIBI" Muscular Dystrophy Association 1-800-572-1717 www.mdausa.org Tri-County Tire Service AUCTION Sat., October 16 10 am (on site) The Ridges at Lebanon 20 Lots Location: Price Street across from Long John Silvers in Lebanon, VA Lots to be offered shall be lots 1, 4, 5, 6, 7, 8, 9, 10, 11, 12, 47, 46, 45, 44, 43, 54 and remainder of 53, 51 and remainder of 52, 50, 49 and 42. This is a beautiful subdivision that offers a rarely found view that sets it apart from most subdivisions. The lots have underground utilities and the subdivision will be eligible to be in the state maintenance system once three houses are built and occupied. There are some 60 lots to choose from ranging in size from about one quarter acre to 1.2 acres. The minimum ground floor required living square footage is 1200 sq. ft. Bonafide system built modulars are eligible or you can build on site from the ground up. Don't miss this opportunity to purchase a lot to build your dream home on or to build a spec house. Have your financing in place and be there. Terms: 10% deposit due day of sale with the balance due upon delivery of the deed. Conditions: Sale is subject to seller confirmation. There will be no blocking. So pick out the lots you want and come prepared to bid on the lots you fred most desirable for your needs. SALE CONDUCTED ON BEHALF OF THE SELLER BY Russell Land & Auction Company, Inc. 971 East Main Street P.O. Box 15.5 Lebanon, VA 24266 (276) 889-2501 VA FIRM LICENSE #469 R.D. SNEAD, VA LIC AUCTIONEER #2145 For more information, call: Ralph Snead, Sales Manager (276) 889-2501 or (276) 889-2319 R.D. SNEAD, AUCTIONEER (276) 608-6844 \