Oct
2
Debt Management With Christian Debt Consolidation Services
Filed Under Finance | Comments Off
Lesley Lyon asked:
Generally, Christians feel uncomfortable if they are in huge debts and also while choosing debt consolidation loans. That’s why Christian debt consolidation services have sprung up and they offer Christians excellent solutions to get rid of their worries associated with several debts. Many debt consolidation companies specially offer Christian debt consolidation services for Christian clients. This is the latest service that promises debt-related solutions suitable for Christian clients.
Christian debt consolidation loans are exclusively designed by keeping Christians’ concerns towards credits and debts. You will be assigned with a credit counselor who analyses your debt and credit records. After reviewing your financial details, the credit counselor will suggest you options for debt consolidation loan that will help you to combine all your debts in a correct manner. The Christian debt consolidation companies also assist the borrower in establishing a repayment schedule. In addition to this, the counselor provides spiritual counseling that will help you to understand the method of avoiding the chance of debts in the future.
A Christian debt consolidation company offers this service, as it is aware that the people will earnestly try to repay the debt in good faith and obligations. That’s why it offers favorable terms to Christian clients. By offering this service the Christian debt Consolidation Company can play safe by offering loan to you. In the recent years many debt consolidation companies has jumped into this service and competitively offer debt consolidation loans for Christian clients.
One of the greatest advantages of Christian debt consolidation service is that everything is done in a consistent way in accordance with the teachings of Bible and Christian belief. The credit counselor through spiritual counseling lets them know of how best they can avoid debts. The company provides all the services in an appropriate manner like consolidating debts, negotiations with multiple creditors, negotiation of interest rate, establishment of repayment schedule etc.
Like all other debt consolidation loans, the Christian debt consolidation service includes all types of debts like credit card loan, student loan, bad credit, bill related dues etc. A Christian debt consolidation loan has significant advantage over the others as it offers easier terms to Christian clients. The terms and conditions for all the loans like credit card debt consolidation, bad credit debt consolidation, debt and bill consolidation, student loan debt consolidation etc are offered specially for Christian clients with a lot of importance to their religious belief and concerns.
Another best part is that most of the Christian debt consolidation companies are non-profit organizations and hence their primary motive is helping their fellow Christians to come out of the burden of heavy debts.
The average interest rate of these companies ranges between 6 percent and 8 percent and enables you to complete the repayment over a period of 3 to 6 years. They also allow you to pay one payment in a month on any day of your choice. Christian debt counseling will be based on Bible approach and the counselor looks for reasons behind the debt like any accident, illness, loss of job etc. that made you freeze repayment. For Christian debtors, the Christian debt consolidation service is an excellent way for solving their various debt problems in good faith.
KIM
Generally, Christians feel uncomfortable if they are in huge debts and also while choosing debt consolidation loans. That’s why Christian debt consolidation services have sprung up and they offer Christians excellent solutions to get rid of their worries associated with several debts. Many debt consolidation companies specially offer Christian debt consolidation services for Christian clients. This is the latest service that promises debt-related solutions suitable for Christian clients.
Christian debt consolidation loans are exclusively designed by keeping Christians’ concerns towards credits and debts. You will be assigned with a credit counselor who analyses your debt and credit records. After reviewing your financial details, the credit counselor will suggest you options for debt consolidation loan that will help you to combine all your debts in a correct manner. The Christian debt consolidation companies also assist the borrower in establishing a repayment schedule. In addition to this, the counselor provides spiritual counseling that will help you to understand the method of avoiding the chance of debts in the future.
A Christian debt consolidation company offers this service, as it is aware that the people will earnestly try to repay the debt in good faith and obligations. That’s why it offers favorable terms to Christian clients. By offering this service the Christian debt Consolidation Company can play safe by offering loan to you. In the recent years many debt consolidation companies has jumped into this service and competitively offer debt consolidation loans for Christian clients.
One of the greatest advantages of Christian debt consolidation service is that everything is done in a consistent way in accordance with the teachings of Bible and Christian belief. The credit counselor through spiritual counseling lets them know of how best they can avoid debts. The company provides all the services in an appropriate manner like consolidating debts, negotiations with multiple creditors, negotiation of interest rate, establishment of repayment schedule etc.
Like all other debt consolidation loans, the Christian debt consolidation service includes all types of debts like credit card loan, student loan, bad credit, bill related dues etc. A Christian debt consolidation loan has significant advantage over the others as it offers easier terms to Christian clients. The terms and conditions for all the loans like credit card debt consolidation, bad credit debt consolidation, debt and bill consolidation, student loan debt consolidation etc are offered specially for Christian clients with a lot of importance to their religious belief and concerns.
Another best part is that most of the Christian debt consolidation companies are non-profit organizations and hence their primary motive is helping their fellow Christians to come out of the burden of heavy debts.
The average interest rate of these companies ranges between 6 percent and 8 percent and enables you to complete the repayment over a period of 3 to 6 years. They also allow you to pay one payment in a month on any day of your choice. Christian debt counseling will be based on Bible approach and the counselor looks for reasons behind the debt like any accident, illness, loss of job etc. that made you freeze repayment. For Christian debtors, the Christian debt consolidation service is an excellent way for solving their various debt problems in good faith.
KIM
Jun
25
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
So you have the understanding that you want to buy Life Insurance. You’re married now, or maybe you just had your first baby. Or maybe you just bought a home, which in most cases means you now have a mortgage. It occurred to you that you need to put some protection into place to save guard these things.
How would your family be affected should you no longer be around to provide? Financially, there is a way to help ease that burden. Making sure that a Life Insurance Policy is in place.
Now that this decision is made, you want to understand how an insurance company determine if it will issue a policy. Here is some information on what is happens to get your policy put into place by the insurance company.
At the start, an application is filled out. Then an Underwriter at the insurance company, also referred to as a carrier, evaluates taking you on and needs to determine how much of a risk they are willing to take on by covering you with their insurance policy. They also evaluate the rates and coverage that will be used associated with your policy. Once all of these items have been determined, the policy will be issued, or delivered, by the company’s agent to you, the insured.
There are specific parties that are involved in an insurance policy. There is an applicant, the person who applies for insurance coverage by filling out an insurance company’s application. The insured is the person whose life will be covered by the insurance. The policy owner is the person who is usually also the applicant. The policy owner is also the person who pays the premium and has all of the ownership rights under this contract. Finally, there is the beneficiary; this is the person or persons who are named by the policy owner to receive the benefits upon the death of the insured. All of this information is relayed via the underwriter so they can start the risk analysis at the insurance company.
When an application is submitted, this is a request by that person that the insurance company issues a policy for them. If the person sends a premium payment with that application it is looked at as an offer from the person to the insurance company. The underwriter that assesses the risk based on the information gathered assigns a Risk Classification. Standard, uninsurable, and substandard are the types of risk classes. These different classes of risk can translate into the part of the calculation used to determine the premium amount. After all of the underwriting requirements are met and satisfied at the insurance company, a policy can be issued.
There is no better time than now to start learning about Life Insurance and how it can enhance your life. It is simple and easy to get a conversation going with an insurance agent that can help you learn and understand what your specific needs are.
PANNELL
So you have the understanding that you want to buy Life Insurance. You’re married now, or maybe you just had your first baby. Or maybe you just bought a home, which in most cases means you now have a mortgage. It occurred to you that you need to put some protection into place to save guard these things.
How would your family be affected should you no longer be around to provide? Financially, there is a way to help ease that burden. Making sure that a Life Insurance Policy is in place.
Now that this decision is made, you want to understand how an insurance company determine if it will issue a policy. Here is some information on what is happens to get your policy put into place by the insurance company.
At the start, an application is filled out. Then an Underwriter at the insurance company, also referred to as a carrier, evaluates taking you on and needs to determine how much of a risk they are willing to take on by covering you with their insurance policy. They also evaluate the rates and coverage that will be used associated with your policy. Once all of these items have been determined, the policy will be issued, or delivered, by the company’s agent to you, the insured.
There are specific parties that are involved in an insurance policy. There is an applicant, the person who applies for insurance coverage by filling out an insurance company’s application. The insured is the person whose life will be covered by the insurance. The policy owner is the person who is usually also the applicant. The policy owner is also the person who pays the premium and has all of the ownership rights under this contract. Finally, there is the beneficiary; this is the person or persons who are named by the policy owner to receive the benefits upon the death of the insured. All of this information is relayed via the underwriter so they can start the risk analysis at the insurance company.
When an application is submitted, this is a request by that person that the insurance company issues a policy for them. If the person sends a premium payment with that application it is looked at as an offer from the person to the insurance company. The underwriter that assesses the risk based on the information gathered assigns a Risk Classification. Standard, uninsurable, and substandard are the types of risk classes. These different classes of risk can translate into the part of the calculation used to determine the premium amount. After all of the underwriting requirements are met and satisfied at the insurance company, a policy can be issued.
There is no better time than now to start learning about Life Insurance and how it can enhance your life. It is simple and easy to get a conversation going with an insurance agent that can help you learn and understand what your specific needs are.
PANNELL
Mar
22
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
Settlement options, Dividend options, and non-forfeiture options are three life insurance payment selections available for life insurance policies.
A settlement option is a way to receive policy proceeds in a way that doesn’t include getting on lump sum of a payment at once. The settlement option allows for the policy holder to choose while they are still living how they want the payment to be handled once they have passed. If this is not set up during the life of the policy holder, when the time came the beneficiary would make this selection. The different types of payouts are an interest option, where the interest earned on the proceeds is paid to the beneficiary. The Fixed Amount works like a temporary annuity where the insurance company pays the proceeds plus interest to the beneficiary until all of the money is completely paid out. There is also the Life Income Option, similar to the Fixed Amount but the payout is paid in installments to the beneficiary for the course of their life.
The non-forfeiture option is one that allows for the payment of the cash value of a policy when the policy is surrendered.
A Dividend option is one where the policy owner would get paid a dividend. This can only be done if the contract allows for it properly, and then the policy owner can be paid the dividend. The dividend can be paid out in various ways. One way is they can get cash payment. When the policy is paid up this is a popular choice. Another way to receive the dividend would by way of a premium reduction on the next payment due for the policy.
Further, one can accumulate interest on the dividend. The insurance company would specify a rate for the policy. It would be compounded on a yearly basis. With this option you are allowed to withdraw against the policy. When money is withdrawn taxes are going to need to be paid on the interest portion of this dividend option. This would need to take place during the same year that they credit the withdraw. Any dividend set to be paid when a policyholder dies would then be paid to the beneficiary as part of the death benefit. This would be paid with the accrued interest, of course.
There is another way the dividend can be paid. They can be paid with what is called a paid up addition. You can use the dividend to buy more insurance. This becomes a good option for the policy owner because with this feature you can get additional insurance coverage. You can most times do this and obtain coverage at the policy owner’s attained age. Also, most times you do not have to provide proof of insurability. The attained age the insured will get this coverage with is described as the current age reached by adding the period between when the life insurance policy started and the current age reached by adding the period between when the life insurance policy started and the current time. So, a paid up addition will be of the same type of insurance as the original policy. You will not find this option available on Term policies. Finally, another way to receive a dividend is by using the dividend to purchase a one-year Term policy.
Whichever payout option you are interested in it is wise to find out more information by doing ample research on this subject. The different types of life insurance policy payouts options explained here are just a snapshot of the variations of these payouts. There are many different details regarding these options that can or may be explained in more detail. A life insurance agent can be a great resource in providing this an other important information regarding life insurance.
WHITWORTH
Settlement options, Dividend options, and non-forfeiture options are three life insurance payment selections available for life insurance policies.
A settlement option is a way to receive policy proceeds in a way that doesn’t include getting on lump sum of a payment at once. The settlement option allows for the policy holder to choose while they are still living how they want the payment to be handled once they have passed. If this is not set up during the life of the policy holder, when the time came the beneficiary would make this selection. The different types of payouts are an interest option, where the interest earned on the proceeds is paid to the beneficiary. The Fixed Amount works like a temporary annuity where the insurance company pays the proceeds plus interest to the beneficiary until all of the money is completely paid out. There is also the Life Income Option, similar to the Fixed Amount but the payout is paid in installments to the beneficiary for the course of their life.
The non-forfeiture option is one that allows for the payment of the cash value of a policy when the policy is surrendered.
A Dividend option is one where the policy owner would get paid a dividend. This can only be done if the contract allows for it properly, and then the policy owner can be paid the dividend. The dividend can be paid out in various ways. One way is they can get cash payment. When the policy is paid up this is a popular choice. Another way to receive the dividend would by way of a premium reduction on the next payment due for the policy.
Further, one can accumulate interest on the dividend. The insurance company would specify a rate for the policy. It would be compounded on a yearly basis. With this option you are allowed to withdraw against the policy. When money is withdrawn taxes are going to need to be paid on the interest portion of this dividend option. This would need to take place during the same year that they credit the withdraw. Any dividend set to be paid when a policyholder dies would then be paid to the beneficiary as part of the death benefit. This would be paid with the accrued interest, of course.
There is another way the dividend can be paid. They can be paid with what is called a paid up addition. You can use the dividend to buy more insurance. This becomes a good option for the policy owner because with this feature you can get additional insurance coverage. You can most times do this and obtain coverage at the policy owner’s attained age. Also, most times you do not have to provide proof of insurability. The attained age the insured will get this coverage with is described as the current age reached by adding the period between when the life insurance policy started and the current age reached by adding the period between when the life insurance policy started and the current time. So, a paid up addition will be of the same type of insurance as the original policy. You will not find this option available on Term policies. Finally, another way to receive a dividend is by using the dividend to purchase a one-year Term policy.
Whichever payout option you are interested in it is wise to find out more information by doing ample research on this subject. The different types of life insurance policy payouts options explained here are just a snapshot of the variations of these payouts. There are many different details regarding these options that can or may be explained in more detail. A life insurance agent can be a great resource in providing this an other important information regarding life insurance.
WHITWORTH
Mar
22
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
What a time it is to save money now. There are multiple reports each day televised, on the airways and in writing sighting that due to the changes in the economic environment more and more American’s are making lifestyle changes to carefully navigate their way through these challenging financial times. There are many suggestions of how and where to save. There are a lot of good tips. In fact, some are so good that the reality is that these are things that should be incorporated in good or bad times. But in any economic situation free helps the budget. And online makes it easy. Free online term life insurance quotes are, in fact, available without any cost or obligation. This is a very important insurance that families need to make sure is in place to protect their family.
Term life insurance can be used to pay off a mortgage by a spouse if there is a loss during the policy period. One should be sure to take advantage of the low premiums that are possible with this type of insurance policy. The access to free term life insurance quotes online makes the accessibility simple in a user-friendly way. People are more informed because of the access to information on the internet. This is a great aspect for people to gain knowledge and to turn this abundance of information into saving money. Whether you are a big income earner or on a tight budget no one wants to spend more than they have to on any product. With free term life insurance quotes there is nothing you have to spend to get a quote. Once you have a quote you are armed with the information needed to make a good decision for not only the budget, but for the family.
Free term life insurance quotes will enable a potential insured see the different rates and premiums offered by multiple life insurance carriers. When these quotes are laid out in front of the eye it is easy to see which company is offering the best rates and premiums for a policy. An example of a term life insurance policy placed after obtaining a free life insurance quote online, a 31 year old woman in very good health applied for $500,000 of term life insurance. She got a premium of $17.50 a month. This policy was put in place after a simple medical exam, in which the nurse made an appointment and came right to the house. This is a very good situation for the 31 year woman. She has the peace of mind of knowing that her family has life insurance coverage in case anything should happen to her.
Each person applying for a life insurance policy has a unique situation. Based on a person’s age, health and possibly life style rates and premiums can vary. By requesting a free term life insurance quote a licensed insurance professional will assist with the quote process.
Term Life insurance is a very common and popular insurance product. Even in the challenging financial environment our country is experiencing this important insurance is not something to be without. Term life insurance is a life insurance policy which provides a stated benefit upon the holder’s death, provided that the death occurs within a certain specified time period. The policy does not provide any returns beyond the stated benefit. It is important to talk to an industry expert to find out the product that is right for your financial picture overall.
WEINER
What a time it is to save money now. There are multiple reports each day televised, on the airways and in writing sighting that due to the changes in the economic environment more and more American’s are making lifestyle changes to carefully navigate their way through these challenging financial times. There are many suggestions of how and where to save. There are a lot of good tips. In fact, some are so good that the reality is that these are things that should be incorporated in good or bad times. But in any economic situation free helps the budget. And online makes it easy. Free online term life insurance quotes are, in fact, available without any cost or obligation. This is a very important insurance that families need to make sure is in place to protect their family.
Term life insurance can be used to pay off a mortgage by a spouse if there is a loss during the policy period. One should be sure to take advantage of the low premiums that are possible with this type of insurance policy. The access to free term life insurance quotes online makes the accessibility simple in a user-friendly way. People are more informed because of the access to information on the internet. This is a great aspect for people to gain knowledge and to turn this abundance of information into saving money. Whether you are a big income earner or on a tight budget no one wants to spend more than they have to on any product. With free term life insurance quotes there is nothing you have to spend to get a quote. Once you have a quote you are armed with the information needed to make a good decision for not only the budget, but for the family.
Free term life insurance quotes will enable a potential insured see the different rates and premiums offered by multiple life insurance carriers. When these quotes are laid out in front of the eye it is easy to see which company is offering the best rates and premiums for a policy. An example of a term life insurance policy placed after obtaining a free life insurance quote online, a 31 year old woman in very good health applied for $500,000 of term life insurance. She got a premium of $17.50 a month. This policy was put in place after a simple medical exam, in which the nurse made an appointment and came right to the house. This is a very good situation for the 31 year woman. She has the peace of mind of knowing that her family has life insurance coverage in case anything should happen to her.
Each person applying for a life insurance policy has a unique situation. Based on a person’s age, health and possibly life style rates and premiums can vary. By requesting a free term life insurance quote a licensed insurance professional will assist with the quote process.
Term Life insurance is a very common and popular insurance product. Even in the challenging financial environment our country is experiencing this important insurance is not something to be without. Term life insurance is a life insurance policy which provides a stated benefit upon the holder’s death, provided that the death occurs within a certain specified time period. The policy does not provide any returns beyond the stated benefit. It is important to talk to an industry expert to find out the product that is right for your financial picture overall.
WEINER
Feb
19
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
By definition, insurance is a contract used to transfer risk of financial loss associated with premature death from the insured to the insurer. Life Insurance can be used in other ways than just providing a death benefit to a beneficiary if a loss occurs in a family setting. A policy can be put in place on the life of a business owner and in the event that there is a death of that owner the Life Insurance policy can help the family replace losses that may occur as a result. For example, there may be loss of income or a loss due to the fact hat the business had to be sold.
There are different ways businesses organize, or structure, themselves. There are corporations that use the incorporated extension at the end of the company name, for example, ABC Life Insurance, Inc. There is the LLC, which is a Limited Liability Corporation. Of course you’ve seen such names as Monroe & Sons, LLC. This way of structuring your business allows the owner’s personal interests and business interests to be kept separate. There are many different ways company’s set themselves up. A few more examples of the different types of company arrangements are C Corporations, S Corporations, Partnerships and Sole Proprietorships. Depending on how they are set up, there are different ways to protect business owners utilizing Life Insurance. For example, if you are a Sole Proprietor, or single business owner, usually business and personal assets are one and the same. This is when a Life Insurance policy that was put into place can be a great help in case of the death of that sole proprietor. The life insurance policy may be use to help keep the business going.
When there is such a devastating event of the loss of life, the last thing anyone wants to worry about is that the business that owner had running like a top could also suffer greatly. Preparation is the key. This is something everyone hopes is never used, but to be properly prepared in case of unplanned events, there should be decisions made by business owners to plan for the unforeseen. When done properly, a Buy/Sell Agreement can keep a business running.
If they are a partnership, which is two or more people in business together for a profit, a Buy/Sell Agreement is a great tool for protection against loss. A Buy/Sell Agreement allows a surviving partner to purchase the deceased partner’s interest in the business. The way insurance is used here is that a policy can be used to provide the money to fund the agreement.
Overall, there is more than one use for Life Insurance. Not all people have the funds to retain the risk of premature death themselves. That is why it is so important to transfer that risk to a life insurance company, or an insurer. It is a good time to get started learning about the industry and how it can enhance your life. Being prepared for the unknown is always a good idea. Insurance products are all different. This is when an industry professional can help simplify things and specify what products are right for a person’s, or businesses, situation.
TANG
By definition, insurance is a contract used to transfer risk of financial loss associated with premature death from the insured to the insurer. Life Insurance can be used in other ways than just providing a death benefit to a beneficiary if a loss occurs in a family setting. A policy can be put in place on the life of a business owner and in the event that there is a death of that owner the Life Insurance policy can help the family replace losses that may occur as a result. For example, there may be loss of income or a loss due to the fact hat the business had to be sold.
There are different ways businesses organize, or structure, themselves. There are corporations that use the incorporated extension at the end of the company name, for example, ABC Life Insurance, Inc. There is the LLC, which is a Limited Liability Corporation. Of course you’ve seen such names as Monroe & Sons, LLC. This way of structuring your business allows the owner’s personal interests and business interests to be kept separate. There are many different ways company’s set themselves up. A few more examples of the different types of company arrangements are C Corporations, S Corporations, Partnerships and Sole Proprietorships. Depending on how they are set up, there are different ways to protect business owners utilizing Life Insurance. For example, if you are a Sole Proprietor, or single business owner, usually business and personal assets are one and the same. This is when a Life Insurance policy that was put into place can be a great help in case of the death of that sole proprietor. The life insurance policy may be use to help keep the business going.
When there is such a devastating event of the loss of life, the last thing anyone wants to worry about is that the business that owner had running like a top could also suffer greatly. Preparation is the key. This is something everyone hopes is never used, but to be properly prepared in case of unplanned events, there should be decisions made by business owners to plan for the unforeseen. When done properly, a Buy/Sell Agreement can keep a business running.
If they are a partnership, which is two or more people in business together for a profit, a Buy/Sell Agreement is a great tool for protection against loss. A Buy/Sell Agreement allows a surviving partner to purchase the deceased partner’s interest in the business. The way insurance is used here is that a policy can be used to provide the money to fund the agreement.
Overall, there is more than one use for Life Insurance. Not all people have the funds to retain the risk of premature death themselves. That is why it is so important to transfer that risk to a life insurance company, or an insurer. It is a good time to get started learning about the industry and how it can enhance your life. Being prepared for the unknown is always a good idea. Insurance products are all different. This is when an industry professional can help simplify things and specify what products are right for a person’s, or businesses, situation.
TANG
Feb
17
Filed Under Finance | Comments Off
Michael Young asked:
Who Wants to be Rich?
Admit it, you watched and dreamed of getting the Lottery. You chase the American dream and buy into the Madison Avenue propaganda. The advertising industry wants to place you in slavery. Sadly, so many Americans do just that. Spend now, pay later and pay, pay, pay. Now you can show your kids a way that they can be wealthy.
Lets do some math… Ben invests $2000 dollars every year starting at age 19 and after he turns 27 he doesnt add any more money to that savings account. Arthur doesnt saving any money until he is age 27 and then saves $2000 dollars each year until he is age 65. Who has the most wealth at age 65?
At age 65 Arthur has a return on investment. He has grown his money to $1,532,166. Hes now a millionaire after scratching and saving $2000 dollars a year for 38 years. What happened with Ben? He quit posting any money to his account after he turned 27 years old and only saved for 8 years. Ben however at age 65 now has $2,288,996 in his account. Don’t miss this! Ben accumulates more wealth because he started investing sooner and let the magic of compound interest do the rest. Imagine what he would have if he would have continued to add the $2000 a year!
The terrible truth… 19% of Citizen between the ages of 18-24 declared bankruptcy in 2001 – USA Today, 2001 The fastest growing group of bankruptcy filers are college age adults who are 25 years of age or younger – Senate Committee on Banking, Housing and Urban Affairs, 2002 Nearly half of college-age adults (49%) said they feel they are more likely to become wealthy by starring in a reality TV series than by learning how to budget and save wisely (36%) -Visa USA, 2003
The Bible has much to say about money. Jesus said, Ones life does not consist in the accumulation of material things (Luke 12:15) and Paul modeled, I have learned to be at peace whatever the situation (Phil. 4:11) Train your kids to save early and dont touch the savings. You can learn how to change your financial story and ensure your kids live a life of prosperity.
CARRIER
Who Wants to be Rich?
Admit it, you watched and dreamed of getting the Lottery. You chase the American dream and buy into the Madison Avenue propaganda. The advertising industry wants to place you in slavery. Sadly, so many Americans do just that. Spend now, pay later and pay, pay, pay. Now you can show your kids a way that they can be wealthy.
Lets do some math… Ben invests $2000 dollars every year starting at age 19 and after he turns 27 he doesnt add any more money to that savings account. Arthur doesnt saving any money until he is age 27 and then saves $2000 dollars each year until he is age 65. Who has the most wealth at age 65?
At age 65 Arthur has a return on investment. He has grown his money to $1,532,166. Hes now a millionaire after scratching and saving $2000 dollars a year for 38 years. What happened with Ben? He quit posting any money to his account after he turned 27 years old and only saved for 8 years. Ben however at age 65 now has $2,288,996 in his account. Don’t miss this! Ben accumulates more wealth because he started investing sooner and let the magic of compound interest do the rest. Imagine what he would have if he would have continued to add the $2000 a year!
The terrible truth… 19% of Citizen between the ages of 18-24 declared bankruptcy in 2001 – USA Today, 2001 The fastest growing group of bankruptcy filers are college age adults who are 25 years of age or younger – Senate Committee on Banking, Housing and Urban Affairs, 2002 Nearly half of college-age adults (49%) said they feel they are more likely to become wealthy by starring in a reality TV series than by learning how to budget and save wisely (36%) -Visa USA, 2003
The Bible has much to say about money. Jesus said, Ones life does not consist in the accumulation of material things (Luke 12:15) and Paul modeled, I have learned to be at peace whatever the situation (Phil. 4:11) Train your kids to save early and dont touch the savings. You can learn how to change your financial story and ensure your kids live a life of prosperity.
CARRIER
Feb
8
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
Imagine a story of a business owner that found out their passion at an early age. This passion was for formal wear. Yes, tuxedos. A young entrepreneur found the desire for business, as well, at the very young age of 17 during a business class in high school. This passion led to many years of working in other people’s retail stores, then managing the stores, then one day the dream came true, the goal was finally met. After 15 years building a reputation of excellence in this field, a financial backer was willing to grant a loan to this still young entrepreneur. Thus, he was able to buy his own Formal Wear retail store.
This business had an employee that brought in a tremendous amount of revenue from doing on site customer sales. This one employee truly had an impact on the business’s bottom line. Without this employee going on site and working his magic with the customers all year long, the business’s sales would suffer greatly. This is when it dawned on the business owner that if he did not protect his “asset” a great loss to his business could occur. The savvy entrepreneur called his insurance agent and started a conversation about buying “Key Person” life insurance. This entrepreneur didn’t work all of his life to get to where he is to leave himself exposed if an unfortunate event caused him to loose such a key revenue generator for his company. He has built his life around his business and has made a smart move to find protection in a Key Person life insurance policy.
When a corporation is formed it separates the business from the actual owners. In a corporation setting there may be a highly valued employee, also know as, a Key Employee, or a Key Person. A business may want to protect themselves from incurring a loss should that Key Employee from that company die.
Key Person Insurance allows a business to buy life insurance on the life of its key employees. This type of insurance will ensure that the business can continue if that person should die. The reason why a business would be allowed to buy a policy on an employee is because the employee/employer relationship creates something called insurable interest.
This type of insurance policy covers the financial loss that the company may suffer at the employee’s death. The policy is set up that the company is both owner and beneficiary of the Key Person insurance policy.
Further, when the company pays a premium for this type of policy these payments are not deductible business expenses. Conversely, the death benefit that is received by the company from this type of policy is income tax free. Overall, as a rule of thumb, life insurance premiums are not deductible if the person who pays the premium has any direct or indirect interest in the policy or its proceeds.
There are more ways to have life insurance provide protection in your life. An insurance agent can help you understand the products offered through insurance companies. They can also give you a better picture of what product is right for you or your business’s needs.
SISSON
Imagine a story of a business owner that found out their passion at an early age. This passion was for formal wear. Yes, tuxedos. A young entrepreneur found the desire for business, as well, at the very young age of 17 during a business class in high school. This passion led to many years of working in other people’s retail stores, then managing the stores, then one day the dream came true, the goal was finally met. After 15 years building a reputation of excellence in this field, a financial backer was willing to grant a loan to this still young entrepreneur. Thus, he was able to buy his own Formal Wear retail store.
This business had an employee that brought in a tremendous amount of revenue from doing on site customer sales. This one employee truly had an impact on the business’s bottom line. Without this employee going on site and working his magic with the customers all year long, the business’s sales would suffer greatly. This is when it dawned on the business owner that if he did not protect his “asset” a great loss to his business could occur. The savvy entrepreneur called his insurance agent and started a conversation about buying “Key Person” life insurance. This entrepreneur didn’t work all of his life to get to where he is to leave himself exposed if an unfortunate event caused him to loose such a key revenue generator for his company. He has built his life around his business and has made a smart move to find protection in a Key Person life insurance policy.
When a corporation is formed it separates the business from the actual owners. In a corporation setting there may be a highly valued employee, also know as, a Key Employee, or a Key Person. A business may want to protect themselves from incurring a loss should that Key Employee from that company die.
Key Person Insurance allows a business to buy life insurance on the life of its key employees. This type of insurance will ensure that the business can continue if that person should die. The reason why a business would be allowed to buy a policy on an employee is because the employee/employer relationship creates something called insurable interest.
This type of insurance policy covers the financial loss that the company may suffer at the employee’s death. The policy is set up that the company is both owner and beneficiary of the Key Person insurance policy.
Further, when the company pays a premium for this type of policy these payments are not deductible business expenses. Conversely, the death benefit that is received by the company from this type of policy is income tax free. Overall, as a rule of thumb, life insurance premiums are not deductible if the person who pays the premium has any direct or indirect interest in the policy or its proceeds.
There are more ways to have life insurance provide protection in your life. An insurance agent can help you understand the products offered through insurance companies. They can also give you a better picture of what product is right for you or your business’s needs.
SISSON
Jan
25
Filed Under Finance | Comments Off
Christian Seemuller VP asked:
Life insurance is a basic staple in the insurance shopping bag. If you think about it, life insurance is actually an ironic term because its benefit doesn’t occur during life, it is a benefit paid when a death occurs.
No one ever wants to think about not being around one day. But the truth is one should really take the responsible step and secure the financial side of life for those left behind. If you are married and have a child or children, life insurance is truly a must. If you are the main income earner that your family depends on to pay the bills each month, you need life insurance. There is no gray area here, it is black and white. Who would pay the mortgage each month if your income was gone? With life insurance you can be sure that should it be needed the income will be there through the life insurance policy to provide for the everyday money that the family needs to continue without problems paying the bills.
There are a few variations of life insurance. There is the popular type of life insurance policy called Term Life Insurance. The term life insurance provides coverage for a specific and stated period of time. This type of life insurance is a very popular choice for a policy because it can be purchased for an inexpensive premium. The way this insurance works is that you are covered by the policy for the time period specified. When that period ends you can decide if you want to extend the policy, if you have bought a policy with a renewable option, or buy another policy. The most commonly issued policies are 5, 10, 15, 20, 25 and 30 year term policies.
The other types of life insurance policies are whole life insurance policies, universal life insurance policies, and variable life insurance policies. There are many ways you can use one of these types of policies to enhance your finances. Which policy is right for you and your family’s needs is something that you should discuss with a financial or insurance specialist. They can help you maximize you financial portfolio and help you meet the needs that you are looking to meet. If you goal is only to have some peace of mind with a basic policy, maybe a term policy is the best thing for you and your budget. If you are looking to use insurance as a savings vehicle, maybe the universal life insurance policy is a better fit. This kind of policy can build cash value that can be borrowed from in the form of a policy loan. Maybe you are in need of paying for college tuition or some other large expense that a life insurance policy can help provide funds for. It is important to understand all of the details and risks involved with putting a policy into place.
Life insurance is an important policy to secure your family’s future. By going on line, in this day and age of the internet, you can learn a lot about this very simple but most important insurance protection. There are many websites that are definitely a great resource.
CROWE
Life insurance is a basic staple in the insurance shopping bag. If you think about it, life insurance is actually an ironic term because its benefit doesn’t occur during life, it is a benefit paid when a death occurs.
No one ever wants to think about not being around one day. But the truth is one should really take the responsible step and secure the financial side of life for those left behind. If you are married and have a child or children, life insurance is truly a must. If you are the main income earner that your family depends on to pay the bills each month, you need life insurance. There is no gray area here, it is black and white. Who would pay the mortgage each month if your income was gone? With life insurance you can be sure that should it be needed the income will be there through the life insurance policy to provide for the everyday money that the family needs to continue without problems paying the bills.
There are a few variations of life insurance. There is the popular type of life insurance policy called Term Life Insurance. The term life insurance provides coverage for a specific and stated period of time. This type of life insurance is a very popular choice for a policy because it can be purchased for an inexpensive premium. The way this insurance works is that you are covered by the policy for the time period specified. When that period ends you can decide if you want to extend the policy, if you have bought a policy with a renewable option, or buy another policy. The most commonly issued policies are 5, 10, 15, 20, 25 and 30 year term policies.
The other types of life insurance policies are whole life insurance policies, universal life insurance policies, and variable life insurance policies. There are many ways you can use one of these types of policies to enhance your finances. Which policy is right for you and your family’s needs is something that you should discuss with a financial or insurance specialist. They can help you maximize you financial portfolio and help you meet the needs that you are looking to meet. If you goal is only to have some peace of mind with a basic policy, maybe a term policy is the best thing for you and your budget. If you are looking to use insurance as a savings vehicle, maybe the universal life insurance policy is a better fit. This kind of policy can build cash value that can be borrowed from in the form of a policy loan. Maybe you are in need of paying for college tuition or some other large expense that a life insurance policy can help provide funds for. It is important to understand all of the details and risks involved with putting a policy into place.
Life insurance is an important policy to secure your family’s future. By going on line, in this day and age of the internet, you can learn a lot about this very simple but most important insurance protection. There are many websites that are definitely a great resource.
CROWE