Edenborn, in 1909, named the town Sorrento after Sorrento, Italy where it is claimed he took his young bride for their honeymoon. The first postmaster of the town of Sorrento was Willie Everrett, followed by Joe Gravois in 1915 and Sidney Chauvin in 1925.
Annualization of Income: In order to annualize a taxpayer's income, you may use the income realized by the decedent, divided by the number of days or months the taxpayer lived and multiplied by 365 days or 12 months.
Beginning with the first rider anniversary and any anniversary thereafter, the income base may. be reset to the account value, if greater. By re setting the income base, the income credits can. begin again and continue until the income rollup cap is reached. A reset may increase the. annual rider charge.