The principle of Subsidiaries emphasizes that authority needs to be matched with responsibility with close proximity to where action is to be carried out . This principle is strongly upheld by the Catholics, where they believe that the parents ought to take full control of the upbringing of their children.
This principle makes one an active individual because it allows the person/group to be directly involved in the decision taking process around them thereby interacting with people /groups around their place of locality.
Explanation:Annulity is a contract between an insurance company and a person used primarily by retired workers of a company or Government agency.It guarantees constant stream of income,if a person dies before recovering all of his investment is recovered tax free, any unrecovered sum of money will be allowed as a miscellaneous itemized deduction on the person's final income tax.
