Being Cheap with Life Insurance can Cost you later!
Don’t get too cheap! Please do not get rid of your Life Insurance to conserve cash! Life Insurance is not something that you should put off to save 40 or 50 bucks a month. Not having Life Insurance for your family is putting them at great possible financial peril.
Life Insurance is anything but an exciting thing to buy for most consumers. Yeah, I know, the recession is hurting everyone. While Wall Street has rebounded nicely, the rest of “Main Street” is still bogged down in the economic mess. As a result, increasing numbers of people are cancelling their life insurance policies in an attempt to save money.Being Cheap with Life Insurance can Cost you later!
Don’t get too cheap! Please... more
You'd think that they'd get the picture as far as us being in a recession/depression but no they're raising fees, does this make sense to you?You'd think that they'd get the picture as far as us being in a... more
Remember Mortgage-backed securities, where Wall Street bundled up American mortgages, sold them across the world as stocks and blew up the economy?
Well, Goldman Sachs is in charge of creating Life-backed securities, where Wall Street buys grandma's life insurance policy, bundles it up and sells them across the world as stocks. This time you don't just default and get kicked out of your house, you DIE.
Soon to be available on Obama's Health Insurance Exchange is a stock market where corporate crooks buy and sell your LIFE! Here are the plans in plain English to turn you into a SLAVE.
Here's a clip:
Wall Street is developing a product that packages life-insurance policies into investable bonds, and the plan already is generating controversy, according to a media report Sunday.
Investment banks expect to buy life insurance policies that ill and elderly people sell for cash, then package hundreds or thousands of them into bonds. Institutional and other buyers would be the primary buyers of these bonds, receiving a payout when people with the insurance die, the New York Times reported in its online edition.
With $26 trillion of life insurance policies in force in the U.S., the market for these "life settlements" bonds could be immense, the Times said.
Investment banks stand to profit from the creation, sale and trading of the bonds.Remember Mortgage-backed securities, where Wall Street bundled up American mortgages,... more
Now we know why America's oligarchs are fighting to keep the rest of us stuck in the world's worst health care system: the more we die, the more billions Wall Street will earn. A recent article in The New York Times exposed how Wall Street is licking its lips over a new scheme to make hundreds of billions in profits by creating financial instruments that will profit off of millions of terminally-ill Americans' agony, desperation, and death. The only thing standing in the way of this massive new Wall Street scheme is the kind of health care reform that might allow Americans to live longer lives. Yep, this is what we spent trillions of dollars bailing out Wall Street for: so that they can kill us for profit.
Our banking class has already destroyed everything else in this country that had any value, from America's industrial base to the American Dream itself, its housing market--whatever Wall Street could securitize, leverage, flip or restructure, they destroyed for good. There's nothing left to strip and pawn -- except for our lives.
Yes, it's sick as hell, so vile and evil that it almost defies understanding. But I'll try: see, if I was a gambling man, I'd wager that the thing that gave our banker billionaires the idea to turn our deaths into "death bonds" was the way they so effortlessly looted trillions of taxpayer bailout dollars from us, so quickly, and with so little resistance. That puts bad ideas into bad people's heads. You and I, if we were the ones who got those trillions in our time of need (rather than having it stolen from us in our time of need), we might have a real sentimental epiphany, like, "Gee, the American taxpayers saved me from ruin! I promise from now on to change my ways and do whatever I can to repay these kind Americans!"Now we know why America's oligarchs are fighting to keep the rest of us stuck in... more
Getting term life insurance is easy but you want to get the best one out there for your needs hence taking all of the advices given above into consideration is a vital process to do. It is also important to compare quotes.Getting term life insurance is easy but you want to get the best one out there for... more
Single men in commercials look good, drive fast, and drink beer. Then they meet women, get married, and become good-for-nothing doofy husbands. Sarah Haskins investigates.
Target Women is a recurring segment on Current TV's weekly television show, infoMania. In each episode of Target Women, Sarah Haskins takes a look at the often-ridiculous way the media reaches out to women.
infoMania is a half-hour satirical news show that airs on Current TV. The show puts a comedic spin on the 24-hour chaos and information overload brought about by the constant bombardment of the media. Hosted by Conor Knighton and co-starring Brett Erlich, Sarah Haskins, Ben Hoffman, Bryan Safi and Sergio Cilli, the show airs on Thursdays at 10 pm Eastern and Pacific Times and can be found online at http://current.com/infomania/ or on Current TV. And make sure to check out our facebook profile for special features at http://infomaniafacebook.com.Single men in commercials look good, drive fast, and drink beer. Then they meet women,... more
This week on infoMania 'The Bachelorette' is so full off love it will make you sick, Glenn Beck goes crazy, Sarah looks at doofy husbands in commercials, Sergio digs up some old MTV videos, and Ben investigates the dark world of illegal file sharing.
infoMania is a half-hour satirical news show that airs on Current TV. The show puts a comedic spin on the 24-hour chaos and information overload brought about by the constant bombardment of the media. Hosted by Conor Knighton and co-starring Brett Erlich, Sarah Haskins, Ben Hoffman, Bryan Safi and Sergio Cilli, the show airs on Thursdays at 10 pm Eastern and Pacific Times and can be found online at http://current.com/infomania/ or on Current TV. And make sure to check out our facebook profile for special features at http://infomaniafacebook.com.This week on infoMania 'The Bachelorette' is so full off love it will make... more
Barack Obama is the president-elect of our great nation. Now, the main question turns to, “How will Obama’s election affect me personally?” Well, since you asked, the main target of the Obama administration may be your 401k, 403b, IRA, and other Retirement accounts.
2009 may well bring a concerted and all-out effort by the Obama administration and a Congress with well over ½ Democrats shooting to turn the generally Republican Investor Class into an endangered species by, among other tactics, raising investment taxes and ending the tax preferences for 401k’s, IRAs, and other retirement accounts.Barack Obama is the president-elect of our great nation. Now, the main question turns... more
Let’s face it. Nobody likes to talk about life insurance.
This is undoubtedly due to the fact that the main benefit from having life insurance is if you are deceased, and resting under 6 feet of soil in a nice coffin.
I am not trying to minimize the good that life insurance does, as it is a key part of planning for your family if, god forbid, something were to happen to an insured. Life Insurance can ease the burden of surviving family members, and I can personally say that I have seen too many situations where a spouse and children weren’t adequately thought of in advance. It isn’t a pretty picture.Save Money on Your Term Life Insurance
Let’s face it. Nobody likes to talk... more
As the name implies, term insurance provides protection for a specific period of time and generally pays a benefit only if you die during the "term." Term periods typically range from one year to 30 years, with 20 years being the most common term.
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One of the biggest advantages of term insurance is its lower initial cost in comparison to permanent insurance. Why is it cheaper when initially purchased? Because with term insurance, you're generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy. With most permanent policies, your premiums help fund the death benefit and can accumulate cash value.As the name implies, term insurance provides protection for a specific period of time... more
In most cases, if you have no dependents and have enough money to pay your final expenses, you don’t need any life insurance.
If you want to create an inheritance or make a charitable contribution, buy enough life insurance to achieve those goals.
Ask yourself:
• How much money will my family need after my death to meet immediate expenses,
like funeral expenses and debts?
• How much money will my family need to maintain their standard of living over the long run? In most cases, if you have no dependents and have enough money to pay your final... more
Kodak retirees say they may soon have to decide between going to the dentist or buying groceries. This is because Kodak will eliminate part of their current healthcare benefit.
Scores of Kodak retirees turned out at noon today to "March on Kodak". They are protesting some proposes to retiree's healthcare coverage. These people rallied this afternoon to send a message to the company.
Kodak retirees have been told that as of January 1, 2009 Kodak will no longer pay for retirees dental coverage and life insurance. In a statement a company spokesperson says, “We realize that these changes put an extra burden on retirees, and it pains us to do this. This is not a decision we took lightly. We feel that our approach strikes the right balance between individual and company interests, recognizing that keeping Kodak competitive is the best thing we can do for employees and retirees.”
Ed Gartz said, “We anticipated increases and that we would have to absorb them. We never anticipated that they were going to take these benefits away and it's unfair that they did.”
Kodak retiree Michael Donnelly said, “Basically five years ago I was diagnosed with pancreatic cancer and I went through extensive abdominal surgery at the James P. Wilmot Cancer Center and fortunately I'm a survivor. So an insurance company when they're doing underwriting will look at your health records and say this person really isn't a good risk.”
The retirees say these changes will be devastating and they're willing to take it as far as necessary even filing a lawsuit.
Dental insurance runs from between $50 and $150 a month. Life insurance premiums vary greatly depending upon health history and age. As for health insurance, a Kodak newsletter says retirees not eligible for Medicare, can expect an increase of $100 per month for the two-person PPO plan in 2009 and $500 to $800 a month for the max plan.
Kodak retirees say they may soon have to decide between going to the dentist or buying... more
