Life Insurance: One Size Does Not Fit All
by Todd E. Binder
In its simplest form, life insurance helps protect your beneficiaries against economic loss
caused by premature death. The proceeds go to them free and clear--generally exempt
from federal income tax. However, there is much more to life insurance. There are a
variety of different types of life insurance, and each type has its own unique features and
benefits. With this product, one size doesn't fit all, and, like tailoring a suit or fitting a golf
club, finding the right fit takes knowledge and analysis.
Most consumers have hear of term life insurance; what most do not know is how many
variations of each there are. Examples of term life insurance include level premium term,
yearly renewable term and decreasing term. Permanent life insurance includes whole life,
universal life, variable life and variable universal life to name a few. A good understanding
of each life product will allow you to make an appropriate decision on what type or types
of life insurance might be most beneficial to you at each stage of your life or your business'
To see more of this article, including how life insurance is a Versatile Tool and a
discussion of Term Life Insurance, Whole Life or Permanent Insurance, Universal
life Insurance, Variable Life Insurance, and What Type of Insurance and How
Much? Click on the following link: Life Insurance: One Size Does Not Fit All
"The Let's-Go-Now-Box" The all-important papers/documents that you should have in one location with
which you can literally pick up and go in the event of an emergency. Keep these documents in a fire-proof safe at
all times and with you in case of an emergency:
Take time to do a household inventory. Go room by room and record your belongings, if possible, use a
video recorder to record the contents of each room. For more information, listen to the entire program by
clicking on: Hillary Wicai "The Let's-Go-Now-Box" ; The New York City Office of Emergency
Management (NYCOEM) refers to it as a Go Bag and states that every household should have a "Go
Bag" ready for every member of the household. Each Go Bag should be packed in a sturdy,
easy-to-carry container such as a backpack or suitcase on wheels and be easily accessible in case
the family needs to pick the up and leave in a hurry. Go Now Bag
The American Red Cross, in conjunction with the U.S. Department of Homeland Security, has developed, and offers
for sale, individual Emergency Preparedness Kit. It is a backpack that contains essential supplies for one adult for
self-sufficiency for 3 days. It retails for $49.95. There is also a Deluxe Kit available.
For More Information click on: Red Cross Emergency Kit
(Portable) Personal Health Records (PHR)
Some some experts believe the time is ripe for patients to create their own electronic personal health record, also
called a PHR. Advocates say it's a new way to take your health in your own hands. A PHR is a comprehensive
record that you own, control and maintain over time. You decide when to share its contents — in response to a
doctor's inquiry or because you think there is something more a doctor needs to know about your health history.
Your personal health record should be electronic, easily portable, private and secure.
1. Contact your doctors and/or medical-records offices of places where you received treatment. Find out if your doctor has a plan
for you to use. Find out if information is in an electronic format you can access, or request paper copies if needed. Get guidance on
which records you need.
2. Ask for "authorization for the release-of-information" forms. You may be charged for copying and mailing and may have to
wait up to 60 days for your information.
3. Put everything in a file folder or binder since it's unlikely everything will be available electronically. Don't forget to include
information only you can provide, such as family medical history, over-the-counter drugs, exercise and diet habits.
4. Research tools and services. Some are free. You may want to store your information on a website, put it on a CD or USB key
chain. One place to start looking is www.myphr.com. At the bottom of the home page, click on "research PHR tools and services."
5. Take your personal health record with you to doctor appointments. Make sure a trusted party has access to it if you are
incapacitated. Keep it up-to-date.
6. Create a card with vital information, such as medications and allergies and carry it with you.
7. Protect and maintain your personal health record and share it only with those you want to see it.
WHAT TO INCLUDE:
The (Louisville) Courier-Journal, using information provided by the American Health Information Management Association
and American Medical Informatics Association
Bank One Mortgage to Offer New Immigrants Initiative Program - Through Bank One Mortgage, more
immigrants in the United States will be able to achieve homeownership with mortgage financing made available through Bank
One's partnership with Fannie Mae's New Immigrants Initiative. The $100 million New Immigrants Initiative enables people,
who are newly arrived in this country and have two years of residence and work history, to achieve homeownership in a more
flexible, streamlined manner. United States citizens and permanent residents are also eligible to participate.
Information about Bank One can be found at www.bankone.com; More information about Fannie Mae can be
found www.fanniemae.com SOURCE Bank One Mortgage
|Copy of your driver's license (front & back)
|Copies of credit cards (front & back)
||Powers of Attorney & other estate documents
|Health Insurance card
||Copies of last 3 tax state & federal tax returns
|Property deeds & titles
|Basic info about any employee benefits
||All birth certificates/adoption papers
|Auto & Homeowners insurance
|Life & umbrella liability insurance
||Military discharge papers
||A list of the entire contents of your wallet
|Personal ID: name, birth date, Social Security number.
||Hereditary conditions in your family; important dates,
i.e. father died of heart attack at age 50
|Emergency contacts: names, phones, e-mail addresses.
||Results of recent physical exam
|Physicians, dentists, other specialists. Include
addresses, phone numbers
|Opinions of specialists you saw
|Health insurance data
||Important test results; dental and eye records
|Living will, medical power of attorney, advance
|Correspondence with your health care providers
|List and dates of significant illnesses or surgeries
||Immunizations and dates
|Current medications and dosages
||Organ donation authorization
|Allergies or sensitivities to drugs or materials, e.g.
|Appropriate Web links and other education materials
related to your health
|Six key features of the initiatives are:
||Key loan and property requirements include:
|Down payments as low as 3 percent for eligible, working
non-permanent residents who have applied for a permanent
|Must be borrower's primary residence
|Related co-borrowers with no credit history are permitted,
under certain circumstances;
|Down payment must be from borrower's own funds: minimum
3 percent of sales price for one-unit properties and a
minimum 5 percent in case of two-unit properties.
|Greater flexibility for borrowers with cash on hand;
||Source of down payment may include:Cash on-hand;
Co-mingled relative funds, provided relatives reside with
|A borrower's most recent hourly wage rate can be used to
determine qualifying income;
|Fully-amortizing fixed-rate mortgages with 15- to 30-year
|Boarder income from relatives living in the same household is
|Part-time or multiple job income of a 12-month duration
averaged over the most recent 24 months is permitted.