31
March
Make Your Tax Dollars Work for You - Take the Credit!
Source: blog.debthelp.tv
Debt Settlement Video
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Source: debthelpblog.net
Cutting Back
Source: blog.debthelp.tv
31
March
Life Insurance Settlement Industry Creates Secondary Market.
Think of a world where buyers are ready and willing to purchase your vehicle at a price substantially more than its trade-in value and you can choose the highest bidder. No advertising, no bargaining, no expense to you. Fiction? Nope. Such a world exists,not for vehicles, but for life insurance policies intended for lapse or [...]
Think of a world where buyers are ready and willing to purchase your vehicle at a price substantially more than its trade-in value and you can choose the highest bidder. No advertising, no bargaining, no expense to you. Fiction? Nope. Such a world exists,not for vehicles, but for life insurance policies intended for lapse or surrender. These owners will receive a settlement before death.
The life settlement industry has given birth to a secondary market for buying and selling of life insurance policies from qualifying life insurance holders, who receive an offer guaranteed to exceed the current cash value of the policy. In 2002, life settlement providers paid about $340 million to buy policies with an aggregate cash value of $94 million.
Life Insurance Policyholders who qualify for life insurance settlements are generally older than sixty five years of age; have deteriorating health, but are not considered terminally ill; and have “ascertainable and limited” life expectancies between two and 15 years. Qualified policies are at least two years old, pay death benefits between $100,000 and $5 million and are issued by an “A” rated insurance company.
A CHANGING INDUSTRY
Relatively new, the life insurance settlement industry evolved from “viatical” settlements, which catered to the specific needs of terminally ill policyholders. Viatical life settlements enable an insured to receive benefits, before death, to pay for the high costs of medical care. Life settlements, also known as senior settlements, do not involve a terminally ill policy holder (less than 24-month life expectancy) but a determinable life expectancy based upon the insured’s age, health and lifestyle.
The life insurance policy’s fair market value is the present value of the death benefit, considering the policy’s duration and carrying costs. Other factors affecting the fair market value include the type of life policy, the policy’s cash value and any loans against the policy.
A life insurance settlement transaction creates a taxable event with two tiers. The first tier is the difference between the cost basis and cash value, most likely taxed as ordinary income. The second tier is the excess of life settlement proceeds over the surrender value.
The IRS has not provided any specific guidance yet, however, whether this money is considered to qualify as a long-term capital gain. The tax treatment of a viatical settlement is markedly different. The Internal Revenue Service considers these tax-exempt accelerated death benefits.
WHEN SHOULD I SELL OR BUY LIFE INSURANCE?
Life settlements are a great option when you can’t afford your premiums. Declines in interest rates on the short end have cut down the cash flow of seniors living on a fixed income. With life insurance settlements, premiums disappear and distressed policy holders receive cash up front.
Potentially the senior citizen has outlived all beneficiaries and the payout of life insurance would create a taxable estate. What if the senior citizen, due to health issues, doesn’t qualify for long-term care insurance. Life Insurance Settlement funds could be used to pay for long term health care.
From a financial perspective, life insurance settlements should be considered when a business is for sale or the owner is retiring. If your client is a non profit, or charity, it may be possible to consider selling donated life policies to realize cash and eliminate future premiums
Why do individuals want to buy life insurance policies? Many life insurance settlement providers are funded by big banks that view life insurance as an asset in a diversified investment portfolio. These financial conglomerates] rely on actuarial and other quantitative data to acquire a favorable life insurance policy that will produce a expected rate of return at maturity. These insurance policies are held in a blind trust that may be used as collateral for a bond offering in a process known as secondary market securitization.
POTENTIAL FIDUCIARY ISSUES
Life insurance products are acquired] for a host of reasons and should be a part of every estate and financial plan. As with any financial vehicle, these policies should be reviewed frequently. Usually they are not.
A good insurance policy at the time of purchase does not mean you have a good policy years later. In today’s low short term interest rate environment, many policies written in an environment when rates were substantially higher might require replacement?
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Source: debthelpblog.net
Cutting Back
Source: blog.debthelp.tv
This American Life on The Health Insurance Industry
Source: blog.debthelp.tv
Cheap Internet Phone Calls
Source: blog.debthelp.tv
Debt Settlement Video
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Source: debthelpblog.net
COBRA Subsidy Will Expire On December 31, 2009
Source: blog.debthelp.tv
Expect the Unexpected: How Life Insurance Can Actually Save Your Life
Source: blog.debthelp.tv
No E-File for Those Taking Advantage of The New Homebuyer Tax Credit
Source: blog.debthelp.tv
31
March
“Support Master” Anita N. Botchway Ensures That My Daughter Grows Up With No Daddy
Source: blog.debthelp.tv
How to Observe Memorial Day
The “Memorial” in Memorial Day has been ignored by too many of us who are beneficiaries of those who have given the ultimate sacrifice. Often we do not observe the day as it should be, a day where we actively remember our ancestors, our family members, our loved ones, our neighbors, and our friends who [...]
The “Memorial” in Memorial Day has been ignored by too many of us who are beneficiaries of those who have given the ultimate sacrifice. Often we do not observe the day as it should be, a day where we actively remember our ancestors, our family members, our loved ones, our neighbors, and our friends who have given the ultimate sacrifice:
by visiting cemeteries and placing flags or flowers on the graves of our fallen heroes.
by visiting memorials.
by flying the U.S. Flag at half-staff until noon.
by flying the ‘POW/MIA Flag’ as well (Section 1082 of the 1998 Defense Authorization Act).
by participating in a “National Moment of Remembrance”: at 3 p.m. to pause and think upon the true meaning of the day, and for Taps to be played.
by renewing a pledge to aid the widows, widowers, and orphans of our falled dead, and to aid the disabled veterans.
Also, please consider adding your voice in support of the efforts to restore the traditional day of observance of Memorial Day back to May 30th (instead of “the last Monday in May”). This would help greatly to return the solemn meaning back to the day, and to help return minds and hearts to think upon the ultimate sacrifices made by those in service to our country. Just one day out of the year to honor our loved ones, our ancestors, our friends who died in conflicts and wars — not to honor war, but those that died in those conflicts and wars.
I receive many emails from people expressing their thanks for those who have served and gave the ultimate sacrifice for this country. The following, received in 1999 and used with the author’s permission, sums up all the emails I have received very elegantly, and is true to the original spirit and meaning of Memorial Day.
“This weekend I am going to do something different. I am going to buy some carnations each day and go to one of the nearby cemetaries and walk through the sections for soldiers. When I find a grave that has no flowers, I’ll leave one and say a prayer for the family of that person, who for some reason could not bring their soldier flowers. I will pray for our country and all who serve or have served. For their families, who also serve by losing precious days, weeks and months spent with their loved ones who are off serving, preserving peace and the freedom we have in this country. I’ll pray for the families who paid the ultimate price, who’s loved ones died, or were taken captive and never returned. I’ll pray for anyone who may still be held in captivity and thinks perhaps they are forgotten. I do NOT forget.
I’ll say a prayer for every person on the Internet who takes a moment from their time to come to sites like yours and be reminded of what this holiday really means. And I’ll say a prayer of thanks and ask God’s richest blessings on you.
Thank you again…. and God bless!
Sylvia Mohr”
No, Thank you and God Bless you, Sylvia. May more follow your example.
In fact, wonderful people in other nations sometimes show more of the true spirit and mission of the U.S. Memorial Day than we do here. For example, a 2001 US Memorial Day Guestbook entry from a citizen of the Netherlands states:
“Hi,
In 1999 I laid flowers at the grave of a young U.S. fighter pilot who was KIA in my village in 1945. In the Netherlands I know of schools ‘adopting’ graves of Allied servicemen, keeping those graves in excellent condition ! Does anybody know of adopting graves in the U.S. by schools ?
Sincerely,
Paul Patist
More schools in the U.S. could follow the lead of the Netherland schools. Let us take a few moments this Memorial Day to reflect on the meaning of the day, to observe the day and be mindful of the sacrifices of others before we go and enjoy the freedoms they bought for us.
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Source: debthelpblog.net
Debt Management
Debt Management When your problems go out of hand, always remember that there are still options for you. If money becomes a problem, then you can choose on different types of loans. If you have assets which can serve as collateral, then you can choose to get a secured loan. Secured loans could either be [...]
Debt Management
When your problems go out of hand, always remember that there are still options for you. If money becomes a problem, then you can choose on different types of loans. If you have assets which can serve as collateral, then you can choose to get a secured loan. Secured loans could either be car loans or house loans. The absence of assets does not mean you could not incur loans. There are still unsecured loans which can help you. Unsecured loans can come in the form of credit card debt, shop cards or departmental cards. Once you get a loan, you temporarily find answers to your financial problems. But because the loan is a temporary answer, paying back the loan is another problem that you have to face.
One loan will be easy to pay. But if you have around 3 loans that you have to pay monthly, it will be very stressful and problematic for you. The first problem is the interest rates per loan which will pile up if you fail to pay them religiously. The second problem is paying back the principal amount that you borrowed. You will be facing the dilemma of which loan to pay back first or which rentals you must not pay first just to be able to pay your loans.
If you are now facing a crisis of paying back a number of loans at the same time, then debt management could be a good option for you. Debt management plan encompasses taking note of all your debt, to re-assess your current financial status, and to renegotiate with the lenders the interest rates and the payment schemes of your loans. If you do not know where to find the companies to help you manage your debt, you need not look far. Debt Management companies are now all over the internet. There are companies which offer debt management plans with fee charges or for free.
You need the company to represent you to the creditors. They will be the ones to present your current financial situation, and to present your renegotiate payment scheme as well as the interest rates. The prerogative to approve the debt management proposal or plan lies on your creditor. Most creditors will check your financial status first before they approve or reject anything.
When you talk to the company which will represent you, always bear in mind that the terms which you must present must be attainable. If not, your debt management plan will be pointless.
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Source: debthelpblog.net
Obama Pledges Protections for Credit Card Users
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Source: debthelpblog.net
I Spent $125 On A Pair of Sneakers, but I’m OK With It
Source: blog.debthelp.tv
We Listened To A Lender Go From Making Homes Affordable To Making Modifications Impossible
Source: blog.debthelp.tv
The New American Dream of Debt
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Source: debthelpblog.net
31
March
Mavenlink Now Offeres Insurance
Mavenlink members are eligible to work with our affiliates to access affordable insurance and benefits plans. Mavenlink Insurance is now exclusively available to subscribers! Users will now be able to work exclusivley with our affiliate insurance professionals to find and purchase health insurance for their employees and families. Along with medical coverage, Mavenlink will also offer [...]
Mavenlink members are eligible to work with our affiliates to access affordable insurance and benefits plans.
Mavenlink Insurance is now exclusively available to subscribers! Users will now be able to work exclusivley with our affiliate insurance professionals to find and purchase health insurance for their employees and families. Along with medical coverage, Mavenlink will also offer other benefits at pre-negotiated rates including dental, life insurance, disability, and retirement management for its members.
Mavenlink’s Member Services team, working closely with our affiliate partners, was also able to secure deeply discounted rates on commercial insurance products , like workers compensation, Professional Liability, and property and casualty coverage, essential coverage for many consultants who run their own business. Savings on these non-medical offerings are particularly dramatic; often half of what independent professionals would have to pay in the open market.
“Our goal is to make it easier for self-employed professionals and small firms to run their business and to therefore be more successful,” said Ray Grainger, Mavenlink Chief Executive Officer. “Mavenlink’s Member Services, and our ability to offer healthcare and various insurance offerings for our US members, is a central part of carrying out that mission.”
Personal Benefits
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Medical - Mavenlink members are able to access pre-negotiated group and individual medical plans. All Mavenlink members will be entitled, free of charge, to a Comprehensive Summary Matrix of all available plans best suited for their specific needs and demographics. Enrollment assistance into any of these plans is also provided free of charge.
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Dental - Dental is provided to members through Reliance Standard with group rates that are extremely competitive and guaranteed for 2 years. Two PPO plans are available with over 80,000 providers to choose from nationwide.
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Life Insurance - Life Insurance is extended to members through Reliance Standard, an A rated carrier, without medical underwriting: If you have under 5 employees up to $50,000 in coverage. If you have 5-9 employees, plans are available from $75,000-$200,000 of coverage.
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Long & Short-Term Disability - Long & Short-Term Disability will be made available to member groups between 2 and 10 employees up to $7,500 per month of benefit, again, through Reliance Standard.
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Benefit Management - Participation in Mavenlink’s member benefit program includes an Electronic Platform for enrollment where appropriate and personalized claims assistance.
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Retirement Solutions - Plans are designed specifically for individuals and small businesses and include 401K, 403B, Simple Plans, Solo Plans, IRAs and Roth IRAs.
Commercial Risk
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General Liability - Insures a business against accidents and injury that may take place on the premises as well as exposure related to the products it sells.
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Errors & Omissions - Also referred to as Professional Liability, Errors & Omissions covers errors or “mistakes” which cause a financial harm to others.
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Internet Liability Insurance - Companies that disseminate information publicly via the web face the same legal exposure as publishers. New legislation continues to create potential liabilities mitigated by Internet Liability Insurance.
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Workers Compensation - Workers Compensation is required by law in all states for all employers. Over 20 markets will be surveyed to determine the most competitive position.
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Directors & Officers - Business owners can be held personally liable for their management decisions. Anyone, including the government can sue private and public companies and their boards for mismanagement.
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Claims Management Services - Helps to control the cost of your Workers Compensation premiums over the “long run” by managing the claims throughout the process acting as your liaison between you and the carrier.
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Property & Casualty Insurance - Covers equipment, computers, furniture, autos and other personal property against the loss from fire or theft.
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Employment Practices Liability - EPLI, as its commonly referred to, covers risks like wrongful termination, sexual harassment and discrimination.
Mavenlink, a software company that has built the first comprehensive online work environment for independent consultants and small consulting firms, today announced that it now offers affordable healthcare options and a range of other essential insurance products exclusively through Mavenlink.com.
Mavenlink is the first company to focus exclusively on improving the interactions between businesses and their consultants. We have started by creating an intuitive technology platform that embraces the consulting lifecycle, managing all business relationships and transactions so that your projects are a success. This is just the beginning, as we are going to continually deliver innovative technologies and services that forever change the way people work together.
To learn about Mavenlink’s insurance options, visit www.mavenlink.com, or www.mavenlink.com/insurance.
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This American Life on The Health Insurance Industry
Debt Management
Debt Management When your problems go out of hand, always remember that there are still options for you. If money becomes a problem, then you can choose on different types of loans. If you have assets which can serve as collateral, then you can choose to get a secured loan. Secured loans could either be [...]
Debt Management
When your problems go out of hand, always remember that there are still options for you. If money becomes a problem, then you can choose on different types of loans. If you have assets which can serve as collateral, then you can choose to get a secured loan. Secured loans could either be car loans or house loans. The absence of assets does not mean you could not incur loans. There are still unsecured loans which can help you. Unsecured loans can come in the form of credit card debt, shop cards or departmental cards. Once you get a loan, you temporarily find answers to your financial problems. But because the loan is a temporary answer, paying back the loan is another problem that you have to face.
One loan will be easy to pay. But if you have around 3 loans that you have to pay monthly, it will be very stressful and problematic for you. The first problem is the interest rates per loan which will pile up if you fail to pay them religiously. The second problem is paying back the principal amount that you borrowed. You will be facing the dilemma of which loan to pay back first or which rentals you must not pay first just to be able to pay your loans.
If you are now facing a crisis of paying back a number of loans at the same time, then debt management could be a good option for you. Debt management plan encompasses taking note of all your debt, to re-assess your current financial status, and to renegotiate with the lenders the interest rates and the payment schemes of your loans. If you do not know where to find the companies to help you manage your debt, you need not look far. Debt Management companies are now all over the internet. There are companies which offer debt management plans with fee charges or for free.
You need the company to represent you to the creditors. They will be the ones to present your current financial situation, and to present your renegotiate payment scheme as well as the interest rates. The prerogative to approve the debt management proposal or plan lies on your creditor. Most creditors will check your financial status first before they approve or reject anything.
When you talk to the company which will represent you, always bear in mind that the terms which you must present must be attainable. If not, your debt management plan will be pointless.
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Heart + Sweat = Cutting Student Debt
Make Your Tax Dollars Work for You - Take the Credit!
Debt Settlement Program Explained – Credit Card Debt Video
If you are looking for a Debt Settlement Solution, Debt Relief, or help with your debt please view this introduction to debt settlement Video posted by Netdebt.com What exactly is Debt Settlement? Often its very confusing to get straight answers to your questions about Debt Consolidation, Debt Settlement, and other Debt Relief Options. There are significant [...]
If you are looking for a Debt Settlement Solution, Debt Relief, or help with your debt please view this introduction to debt settlement Video posted by Netdebt.com What exactly is Debt Settlement? Often its very confusing to get straight answers to your questions about Debt Consolidation, Debt Settlement, and other Debt Relief Options.
There are significant differences between all of these alternatives to Bankruptcy, but they are not for everyone. Be Careful and make sure you do your research before you start any Debt Settlement Program. Often Online Debt Negotiatin is confused with Debt Consolidation or Debt Management.
This video can also be found On Netdebt.com
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My Brother Died Without A Will
Social Security Projected to Go Bust in 2037
HireLive -The right way to pursue a career in sales?
Interested to pursue a career in sales? Author: HireLive Learn these tips on how to become a successful sales representative Have you ever considered pursuing a career in sales? If yes, then this article is just perfect for aspiring sales representatives like you. To start off, let me just say that a career in sales is both challenging [...]
Interested to pursue a career in sales?
Author: HireLive
Learn these tips on how to become a successful sales representative
Have you ever considered pursuing a career in sales? If yes, then this article is just perfect for aspiring sales representatives like you. To start off, let me just say that a career in sales is both challenging and rewarding. It is challenging because it’s not really easy to sell new products and services to people nowadays.
Persuading clients and customers to buy your products over others requires a lot of dedication and persistence. On top of that, sales work can also subject you under stressful circumstances. On the other hand, a career in sales can also be rewarding especially if you become very good at it. Apart from receiving a basic pay, you also have the chance to earn unlimited income through commissions and bonuses. Some sales companies also offer flexible time opportunities to their employees, giving every sales representative a chance to work at their own time. Now does that sound good?
Well, if you believe you have what it takes to start a great career in the sales industry, then know these tips fully well in order to become a successful sales representative
1. Believe in your product or service:
You can never be successful in sales if you dont even believe in the products or services youre selling. How will you effectively convince people to buy your products if youre not even convinced yourself of what youre selling? Consumers nowadays are getting more and more educated, and it only takes one knowledgeable passionate sales representative to really close the deal with his or her clients.
2. Know your target market:
What specific market segment are you trying to penetrate? What are that segments current needs? How can the product or service that youre offering address those needs? These are just some of the questions that you need to answer before you even start doing your sales talks. Don’t expect to perform well in a market that doesn’t even find your product relevant. This is why it’s critical for you to conduct some market research first before launching your sales activities in a particular market or area. For Example checkout a Career Fair put on locally in California by HireLive
3. Build rapport:
One of the best ways to hold your customers’ interests is to build rapport with them. Understand and sympathize to their current concerns and needs. Once those are identified, explain to them how your products or services would be able to address those needs. This does not mean though that you have to be overly personal in terms of dealing with your customers. Doing sales talk must be a good balance of being professional and personal so that your clients will be convinced to actually buy your product.
4. Ask to close the deal:
Be proactive in asking your clients whether they’ll benefit from what you’re selling or not. This will allow your clients to really think about their current needs and how the product or service you’re offering would really address their present concerns. Be more open as well when it comes to entertaining questions. Do your best to clear all their doubts so that your clients will be fully convinced on buying what you’re selling.
5. Go for referrals:
One of the best ways to increase your pool of customers is to ask for referrals. Once you’re done with your sales talk, ask your clients to list down all the possible people that they know who would really benefit from the product. Do this proactively and not as if your clients are just doing you a favor.
Being a sales representative may not be easy, but following the tips above can help you hurdle the challenges. Just keep on mastering the nature of the sales profession and you’ll surely find yourself closing many sales deals anytime soon.
About Author:
HireLive is a National Sales, Retail and Management Recruitment and Marketing Firm specializing in face-to-face recruiting events!
With over 10 years of experience in connecting job seekers with potential employers, our objective is to provide the highest quality recruiting events and job openings for the top sales, retail and management candidates across the country.
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30
March
Money In Motion
Source: blog.debthelp.tv
This American Life on The Health Insurance Industry
Source: blog.debthelp.tv
From WSJ.com: 15 Money Rules for Kids
Source: blog.debthelp.tv
30
March
Proof of the Need for IRS Reform
Source: blog.debthelp.tv
Citi® Raises My Interest Rate from 8.24% to 14.99%
Source: blog.debthelp.tv
Prime Rate & Credit Cards: Another Timebomb?
Source: blog.debthelp.tv
Paying for Someone Else’s Mistakes
Source: blog.debthelp.tv
Social Security Projected to Go Bust in 2037
Source: blog.debthelp.tv
30
March
We Listened To A Lender Go From Making Homes Affordable To Making Modifications Impossible
COBRA Subsidy Will Expire On December 31, 2009
Second Lien Plan Will Help Homeowners Struggling with Second Mortgages
This American Life on The Health Insurance Industry