While driving off to work and stuck in the morning traffic churning up the turnpike, you mindlessly listen to the morning news on radio as former Federal Reserve Chairman Allan Greenspan answers a question about term life insurance rates, then suddenly you snap back to reality in thinking how great it would be to have a partner other than your spouse to help you financially guarantee a bright future for the kids. Before getting any naughty ideas as your mind floats in excitement, consider getting an insurance company as your partner you can rely on when the horizon gets dark.
Yes! One of those reputable insurance firms is what you need to get by to augment everything that you got. Many opened minded souls have availed of this opportunity in the past and are enjoying the fruits of their labor today, despite the negative business forecasts looming ahead; the chosen few have remained steadfast and undaunted. To be in the same league as they are, it’s high time that you get covered by a term life insurance of your own and discover the many benefits it shall do for you and your loved ones as an investment package.
This is the most coveted insurance type as the name term suggests, youthful men and women raising small children tightly working on their budgets are loyal clients of this policy, offering flexibility in payment until your desired service feature is up, now that your still healthy and can squeeze in your extra dough, it’s the perfect time signing up for the rates are low but the return if investment is high. Partnering with the trusted name in the insurance industry like Sun Life or other firms of your choice is your best bet, for these term life insurance companies are bankable.
An insurance agent of your choice, with their names and addresses posted on yellow pages shall definitely walk you through the whole process offering the best options as both of you work on your given budgets. Make sure that you list all your monthly over heads like the utility bills and miscellaneous expenses clearly, with your spare in tuck, this goes right in your piggy bank assuring a religious mode of payments.
You don’t have to wait for all of these to transpire, to get ahead of the game and infuse you with better ideas, go right to your home computer and check the internet, this powerful tool will lead you to an “life insurance calculator” a device that will ask you to put your basic stats in like age, height, weight and everyday lifestyle from your nocturnal behavior to eating preferences. This then determines your total eligibility for the initial requirement of your term life instant quote.
Later be ready with the medical examinations, a certified nurse or Doctor will visit you at home at a mutually convenient time, this is free of charge at the insurance companies expense and take notes of your medical history from heart diseases to your drinking habits as this are detrimental procedures that must be adhered to. Just be factual and answer truthfully saving you time and embarrassment that you don’t want to in the first place in getting your term life insurance coverage.
After completing all the necessary tests and paper works, the medical results goes back to your insurance company and they’ll evaluate which rate bracket to place you in. This takes around 4- 6 weeks to give ample time for you to start remitting for your investment. Then the approval part comes in, you sign and confirm placing the first payment then you are insured. Battle won the first round for most people. But it’s still halfway won. Why? As we all age, we develop unhealthy habits affecting our health and this directly translates on the insurance that you’ve got.
Remember that after the end of your stipulated term of 10 or 20 years. In most case you’ll still be working and supporting your family, you still qualify to buy in half the price you used to pay, giving you maximum savings, provided you’re in excellent health. So it makes a whole lot of sense to eat right and live right as early as now.
Tuesday, June 17, 2008
Why get an Attorney to help set up your business? by Sean Sweeney
In the long run, it is cheaper, and you will sleep better at night knowing you are safe. To me, the question is similar to “why get an electrician to work on your house?†You can repair your own electrical problems, and for a small fee you can use those on-line companies to help you set up your own business, but what guarantee do you have that it was done right? How do you know that it is “up to code� Will it simply have to be redone again later, or worse, will your house burn down as a result?
Leaving the analogies aside, it is a very dangerous prospect setting up your own business entity, as it threatens to defy the very reason you set up the entity in the first place. The most important protection that business entities provide is liability protection for your personal assets. However, it is a tenuous protection, and if the entity is not properly set up and maintained, you may have no protection at all and not even realize it.
New businesses are inherently risky. You are now risking your entire financial future on the ability to make money with your new enterprise. However, in the interest of saving a few hundred dollars, are you willing to also risk your entire financial past, everything you have saved and worked for, if something should go wrong with your business? I do not think so.
Most businesses and people maintain all sorts of insurance coverage ranging from health and auto, to home and business liability, shelling out hundreds of dollars per month. Yet, many people will mortgage the safety and protection of having a qualified attorney set up your business and advise you on how to ensure you maintain your asset liability protection to save a one time fee of a few hundred dollars.
When a companies “limited liability†is pierced because of improper business formation or management, it is known as “Piercing the Corporate Veil.†Once that Veil is pierced, all of your personal assets may be used to pay off any liabilities the company may have. Having your personal assets seized when you thought they were protected by the “self-help internet business formation†is akin to your house burning down due to discount electrical work: You will never forgive yourself for not spending the few extra dollars and having it done right the first time.
Whenever I think of “Piercing the Corporate Veil†I think of the seminal case Smith v. Van Gorkom and my Business Associations professor at Marquette University, Christine Hurt with her husband singing “Van Gorkom†to the tune of Simon and Garfunkel’s “Cecilia.â€
Van Gorkom, you’re breaking my heart/ you’re shaking my confidence daily Oh, Delaware, please change your mind/ It’s not a crime to be lame
Van Gorkom, the case must be wrong/ Directors just cannot be liable I’m a director, and I’m in good faith/ I’ve nothing at stake, I’m all that/ I’m all that
(Full lyrics available at Christine Hurt's blog http://www.theconglomerate.org/2006/05/van_gorkum_the_.html )
So unless you want to end up like Van Gorkom, and be personally liable, spend a little bit of money up front and make sure you understand how to keep your liability protection in tact.
Leaving the analogies aside, it is a very dangerous prospect setting up your own business entity, as it threatens to defy the very reason you set up the entity in the first place. The most important protection that business entities provide is liability protection for your personal assets. However, it is a tenuous protection, and if the entity is not properly set up and maintained, you may have no protection at all and not even realize it.
New businesses are inherently risky. You are now risking your entire financial future on the ability to make money with your new enterprise. However, in the interest of saving a few hundred dollars, are you willing to also risk your entire financial past, everything you have saved and worked for, if something should go wrong with your business? I do not think so.
Most businesses and people maintain all sorts of insurance coverage ranging from health and auto, to home and business liability, shelling out hundreds of dollars per month. Yet, many people will mortgage the safety and protection of having a qualified attorney set up your business and advise you on how to ensure you maintain your asset liability protection to save a one time fee of a few hundred dollars.
When a companies “limited liability†is pierced because of improper business formation or management, it is known as “Piercing the Corporate Veil.†Once that Veil is pierced, all of your personal assets may be used to pay off any liabilities the company may have. Having your personal assets seized when you thought they were protected by the “self-help internet business formation†is akin to your house burning down due to discount electrical work: You will never forgive yourself for not spending the few extra dollars and having it done right the first time.
Whenever I think of “Piercing the Corporate Veil†I think of the seminal case Smith v. Van Gorkom and my Business Associations professor at Marquette University, Christine Hurt with her husband singing “Van Gorkom†to the tune of Simon and Garfunkel’s “Cecilia.â€
Van Gorkom, you’re breaking my heart/ you’re shaking my confidence daily Oh, Delaware, please change your mind/ It’s not a crime to be lame
Van Gorkom, the case must be wrong/ Directors just cannot be liable I’m a director, and I’m in good faith/ I’ve nothing at stake, I’m all that/ I’m all that
(Full lyrics available at Christine Hurt's blog http://www.theconglomerate.org/2006/05/van_gorkum_the_.html )
So unless you want to end up like Van Gorkom, and be personally liable, spend a little bit of money up front and make sure you understand how to keep your liability protection in tact.
Subscribe to:
Posts (Atom)