New Nevada Corporate Laws You Need to Know

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Bearer Shares Outlawed

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Ownership Disclosure Procedure Instituted

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Stronger Asset Protection for Corporations

The Nevada legislature made some significant changes to Nevada’s Corporation Code in its most recent session. You need to know these new rules.

The biggest changes, which are effective July 1, 2007, will be discussed in this article. As is often the case, the rules and regulations used to carry out the new laws will be implemented over time, and we will keep you informed of them as they arise. (If you or your friends would like a free subscription to the Corporate Direct Report please click here.)



For now, there are three important changes and several miscellaneous new rules you need to know about immediately.

1. Bearer Shares Outlawed

Bearer shares are stock certificates which, instead of listing the owner by name, list the owner only as “The Bearer.” The supposed advantage of this was to maintain privacy of ownership. The Bearer was whoever held the certificate, so shares could be transferred from one person to the next without notice to anyone or recordation anywhere.

I have never really liked the whole notion of bearer shares. If someone comes to me with the bearer certificate, how do I know if the certificate wasn’t stolen or forged? The idea of simply handing a certificate from one person to the next may sound nice and easy (and a bit crafty) but such a transfer can create all sorts of tax problems. If you hand a certificate representing a million dollar business over to your friend you’ve made a significant gift, for which gift taxes are due. And when by prearrangement he hands the certificate back to you there’s another taxable event. Worse yet, what if your ‘friend’ wouldn’t give you the certificate back?

The big reason bearer shares were outlawed has to do with fraud. Less than ethical corporate promoters would sell their less than ethical corporate clients on the idea that by simply handing the bearer certificate over to a friend they could deny a judgment creditor (one with a court awarded judgment) access to the business or other asset. Of course, such a transfer is a fraudulent conveyance, meaning that a court could overturn the transfer if anyone ever found out about it. The problem was that it could be very difficult to find out about it. As a result, bearer shares enabled a certain class of people to commit fraud. The Nevada Legislature was right in outlawing bearer shares.

2. New Ownership Disclosure Procedures

The use of Nevada corporations and other entities to commit fraud is also the reason for this next big change. It is unfortunate that privacy of entity ownership is now somewhat compromised, but when people continually abuse the system something will usually give.

Apparently the federal and law enforcement authorities pushing for these changes played the terrorist card—that insanely bad people were using the privacy of Nevada entities to ultimately greatly harm us. While it is my opinion that this red hot card gets played a little too often these days, there can be no denying that domestic bad guys, your average American scam artist, used Nevada privacy for nefarious purposes.

But the new law for corporations, LLC’s, LP’s, business trusts and the like is not as bad as you may expect. Here is the rule for corporations:

1. In addition to any records required to be kept at the registered office pursuant to NRS 78.105, a corporation that is not a publicly traded corporation shall maintain at its registered office or principal place of business in this State:

a. A current list of its owners of record; or

b. A statement indicating where such a list is maintained.

2. The corporation shall:

a. Provide the Secretary of State with the name and contact information of the custodian of the list described in subsection 1. The information required pursuant to this paragraph shall be kept confidential by the Secretary of State.

b. Provide written notice to the Secretary of State within 10 days after any change in the information contained in the list described in subsection 1.

3. Upon the request of any law enforcement agency in the course of a criminal investigation, the Secretary of State may require a corporation to:

a. Submit to the Secretary of State, within 3 business days, a copy of the list required to be maintained pursuant to subsection 1; or

b. Answer any interrogatory submitted by the Secretary of State that will assist in the criminal investigation.

4. If a corporation fails to comply with any requirement pursuant to subsection 3, the Secretary of State may take any action necessary, including, without limitation, the suspension or revocation of the corporate charter

5. The Secretary of State shall not reinstate or revive a charter that was revoked or suspended pursuant to subsection 4 unless:

a. The corporation complies with the requirements of subsection 3; or

b. The law enforcement agency conducting the investigation advises the Secretary of State to reinstate or revive the corporate charter.

6. The Secretary of State may adopt regulations to administer the provisions of this section.

It is important to note that Nevada is not asking for the owners of the entity up front. The requirement is that the registered agent either keeps a list of the owners or the name of a contact person who has a list of the owners. The Secretary of State will request the ownership list only when a law enforcement agency needs it for a criminal investigation. Not for a civil case mind you, but only for a criminal case.

What this means is that if your business and asset protection plans are on the up and up, your privacy will be protected. Or, to put it another way, if you are engaged in fraud and other crimes, our firm will be happy to comply with these new rules. You may even want to take your bad business somewhere else to begin with. But for the good guys, you will still maintain your privacy.

Two points are worthy of further note. First, for limited partnerships the only owners the new legislation aims for are the general partners. While the generals do indeed control a limited partnership, frequently they only own 2% or less of the entity, and are usually just a management corporation or LLC. The limited partners will own 98% of the limited partnership and, except for management, are the economic beneficiaries of the entity.

Whether the new law intentionally just wanted information only on the general partners or will be corrected to include the limited partners’ identities remains to be seen. But for now, people very concerned about privacy may want to use Nevada limited partnerships.

The second point has to do with Wyoming. The corporate law of Wyoming does not have such an ownership disclosure procedure. Yet.

Apparently the federal authorities are working to get similar legislation approved in other states, including Wyoming. We will keep you informed of such developments. Until then, once again, those very concerned about privacy may want to use Wyoming entities.

3. Stronger Asset Protection for Nevada Corporation Shares

One of the strongest asset protection laws on the books is the charging order. This law holds that a judgment creditor of a member of an LLC or a partner of a limited partnership can’t acquire those interests directly and use that control to force a sale of the assets. Instead, they only obtain the rights of an assignee of the membership or partnership interest, meaning they are only entitled to distributions from the entity. They can’t vote to sell the assets to satisfy their claim. They can’t even vote to increase distributions. They are stuck waiting for future distributions, which may or may not come. The charging order is a very effective deterrent to frivolous litigation, especially in Nevada and Wyoming LLC’s and LP’s where the charging order is the exclusive remedy.

Up until now, the charging order had never applied to shares of corporate stock. So, for example, if John got in a car wreck and his insurance did not cover him, the victim could proceed against all of his assets. If John owes 75% of a profitable corporation the victim could get control of the shares and vote to sell the business to satisfy the claim. This certainly is not fair to Jane, the 25% owner of the business, who worked hard to build it up only to see it sold out from under her.

With Nevada’s new law the charging order now applies to shares of corporations. This is an excellent development.

There are several important rules to point out. The charging order protection only applies to corporations that have more than one and fewer than 75 shareholders. If you own 100% of a profitable corporation you may well want to consider issuing a nominal amount of shares to a relative or friend in order to gain the better protection. As well, the new law does not apply to subsidiaries of publically traded companies or to professional corporations.

The charging order protection for corporate shares does not apply to any litigation filed before July 1, 2007, and it does not supersede any private agreement between a stockholder and a creditor. This new law puts Nevada at the forefront of asset protection states. While Wyoming will most probably follow suit, until they do Nevada is the state in which to incorporate. Even though Nevada’s initial and annual filing fees are somewhat higher than Wyoming’s fees, the better protection is well worth the extra cost.

4. Miscellaneous New Rules

The new law dealt extensively with the conduct of restricted agents. A new category was created that of the commercial registered agent, which shall be registered with state. Registered agents that don’t comply with rules to be established by the Secretary of State’s office can be banned from the business. In keeping with the new disclosure rules, registered agents must keep a company’s stock ledger for three years following the registration or termination of the agent or dissolution of the company.

The new law allows for professional LLCs. Many doctors, lawyers, CPAs and the like have wanted the flexibility of operating their practices as an LLC but were prohibited from doing so. The new law follows the trend of many states of now allowing for professional LLCs.

The importance of the corporate election of directors was underscored in the new law. Companies that fail to elect directors within 18 months beware. The owners of 15% of the corporate stock can go to court to force such an election.

The reinstatement of entities was made more effective. A corporation, LLC or LP that fails to pay its annual fees to the state can lose its right to do business. Reinstatement involves paying back fees to bring the entity current with the state. The new law provides that reinstatement reinstates the entity’s right to do business as if the entity had been current all along.

As we have noticed before, the law is a dynamic and ever changing area. Nevada’s new laws prove the point. Once again, if you or a friend would like to receive updates on changes to the corporate laws, please click here.

We will keep you informed. If you have any questions or concerns regarding these new laws, please contact us at www.Sutlaw.com



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Insurance

The word “Insurance” refers to the promise of repayment of the money in the case of any loss to the insurer. The insurer may be an individual or a company who have made prepayment to an insurance company for a secured life. Insurance also provides “security against future loss”. We cannot predict the timing and the occurrence of loss. So we need insurance plan in order to protect ourselves from the future loss. An insurance policy provides financial assistance to support medical, personal and social services.

Types of Insurance

Different types of Insurance plans are offered based on your needs. Some of them are

• Life Insurance

• Health Insurance

• Dental Insurance

• Property insurance

• Automobile insurance

Life Insurance

Life insurance policy is sometimes referred as life assurance, provides reimbursement of money to the decedent’s family or other designated. Life insurance gives security for you and your family. The life insurance may be permanent insurance or term insurance. The term insurance is somewhat expensive and complicated. Since the duration of this term insurance is limited to 1 to 10 or 20 years. If something happens to the insurer during this course of time, the death benefit is given to the recipient. If nothing happens at the end of term, they will not be benefited fully. Whereas the permanent life insurance is more secure and gives protection throughout the lifetime. If you cancel the policy then the accumulated cash will be yours and you can make use of it.

Health Insurance

Health insurance is a type of insurance, which covers medical costs of the insured when the insurer becomes sick or injured. Health insurance plans offered in two categories. They are individual and group insurance policy. The individual plans covers health costs for a single person whereas the group health insurance plan covers medical coverage for the entire family.

Dental Insurance

Like health insurance, dental insurance covers dental costs for an individual or group. The costs include normal dental care cost as well as damage to teeth in an accident. Most people in the United States are getting along with their health insurance plans from their employer. Whatever may be the type of policy, it provides you a financial aid for you and your child in future. Dental insurance covers both individual and group. The group dental is more economical and beneficial than the individual.

Automobile insurance

The insurance which legal liability against driver or incase of loss and damage to the vehicle.

Property insurance

Property insurance gives protection against your property. This includes specialized forms of insurance like fire insurance, flood insurance, earthquake insurance, home insurance etc.

Need for Insurance

For secure life, we require insurance plans. Because anything may happen tomorrow, the things are unpredictable. Insurance makes you to prepare for future. The health insurance plans are provided to in order to meet the expense of any health problem.Now a day’s health and dental coverage for an individual/family becomes more expensive. So it is advisable to have a health insurance plan. You can get reasonable price on your individual health and dental plan through an employer.

Whatever may be the insurance plans it provides “protection against future loss”.



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Although I understand that this can be very difficult to do, you must view the popular published law school rankings, skeptically. These rankings are not only untrustworthy, but mislead students into thinking they need to attend a highly ranked school or they will be second rate lawyers do to their “substandard” law school education. This is simply not true.

What is true, in my opinion unfortunately, is that going to a highly ranked law school can have an enormous financial (note: NOT educational) impact on your early legal career. That is why I wrote Covert Tactics for Getting Into the Law School of Your Choice. As I explain in that book, however, even if you do not attend a highly ranked law school, you are not absolutely doomed to suffer professionally and financially for the rest of your life. Indeed, many times you may be well-served, both educationally and financially, by attending a lower ranked law school.

But back to law school rankings. In addition to a number of studies suggesting that the data underlying the rankings is inaccurate, due to schools trying to misrepresent the true data in order to achieve a higher ranking, it is impossible for any ranking to consider all of the relevant factors, which may vary from individual to individual.

Also problematic is the fact that most of the ranking are based, at least in part, on the subjective opinions of individuals at the various schools. Of course, such subjective opinions are likely to simply reinforce the historical opinions regarding the “top tier” law schools. Indeed, if you look at these rankings historically, you will find that they really haven’t changed much over the years.

The reason that it is important that you understand the invalidity of the rankings is that you should understand that the quality of your legal education is likely to be nearly as good, and in some respects may be better, at the University of Idaho as opposed to Harvard.

Depending on who you are, you may be much better off, for a variety of reasons, attending even a very low ranked school. This may be the case even if you have the opportunity to attend a higher-ranked school.

For example, if your intent is to establish a small town practice in rural South Dakota immediately after law school, it may be unwise to attend Stanford Law School over the University of South Dakota School of Law.

Why? Let me give you three good reasons, though there are likely many more. First, you are not going to be particularly highly paid in rural South Dakota, regardless of where you attended law school. As a Stanford Law graduate you are likely to either be saddled with a high debt load or have spent a significant amount of your savings getting through school. Although few law schools are cheap, you should carefully consider whether it is worth spending and extra $100,000 to have a fancy name on your wall.

Second, as a small-town practitioner, you are going to be very reliant on relationships with other attorneys, the business community, and potential clients in general. Spending three years in Palo Alto, far away from the center of your future universe, will do very little to develop those relationships, so law school rankings are virtually meaningless.

Finally, the education isn’t going to be much better at Stanford than at USD. Believe me, in writing this I have prepared myself for the inevitable barrage of criticism that will inevitably be hurled my way. I say this with confidence, however, because I know lawyers from a wide variety of law schools and find a relatively equal distribution of idiots among alumni from top 50 and bottom 50 schools. It really depends on what you are willing to put into it – not what they give you.

There are even some law schools not approved by the American Bar Association that may be worth considering in limited situations. Depending on what you want to do, and the particular laws of the jurisdiction where you intend to practice, a non-ABA accredited school may be a worthwhile choice.

At the end of the day, you need to make a wise choice that you will be happy with for the rest of your life. Don’t put a school on your list just because it is a highly-ranked law school or fits a formula or because you think it will look good on your resume.

Even if we find a cure for cancer in the next decade, you are not likely to live much more than 90 years on this earth. Don’t spend 3.5% of it in the wrong place.

This article may be freely reprinted or distributed in its entirety in any ezine, newsletter, blog or website. The author’s name, bio and website links must remain intact and be included with every reproduction.

My Friend H. Jefferson, Jr. is an expert on on law school admission, having applied to and been admitted by 11 of the top law schools in the United States. To learn more about the the techniques and strategies you can use to get into the law school of your choice, visit lawschoolacademics.blogspot.com,

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To leverage the power of Emotional Freedom Technique and the Universal Laws of Creation, it is essential to know and to understand the basic principles that govern our Universe.

The Universal Laws govern all of life without exception; from the glaciers to earthquakes, from spinning tops and spinning planets to newborns and world leaders, from elephants and arachnids to amoebas, to orchids, oranges and microorganisms.

Metaphysics is the term used to study that which is beyond the physical, beyond what we can touch, see, taste and feel. The Universal Laws are the non-physical principles that govern our Universe in an unfailing, impartial, consistent and dependable fashion.

As we study the laws that govern our Universe, we see certain empirical Truths. It is through the study of these Universal Principles and Truths that we master our creative abilities.

With study, we begin to comprehend the profound implications of each law; we become more and more conscious of the power of our intentionality and of our minds; more and more conscious of the unwavering influence of our thoughts, emotions and beliefs on our experience.

As we begin to work with these Universal Truths (studying, applying, practicing, and redirecting), we learn how it is that we live either in harmony or disharmony with our dreams and goals.

By choosing to become acutely aware of our harmonious or disharmonious actions and thoughts, we experience and observe first hand the Universal Laws playing out in our lives. We experience both the ‘negative’ and the ‘positive’.

Ultimately, we want to use this awareness to intentionally guide and direct our experience, focusing on the ‘ascending’ or ‘positive’ thoughts to attract the highest and best that life has to offer.

Now, with the support of Emotional Freedom Technique we can quickly and systematically neutralize the thoughts that oppose our goals and cause the postponement of our life’s dreams.

This means that with EFT we can more easily and naturally apply the Laws of the Universe!

When we become aware of our limiting beliefs we can use this awareness to realign our energy; to align our thoughts and beliefs with the Universal Laws.

Many a metaphysical student can attest to their personal ‘vibrational thesis’ (their theory behind which ball of thoughts, feelings and beliefs actually created their experience.)

As we continue, we become more and more adept at specifically recalling and tracing back the thoughts, emotions, and beliefs that literally foretold our experience.

It’s very important to understand that when we review our past experience it is not to repudiate or cause anxiety about our creative abilities, failings, or ‘mistakes’ but to discern which habitual or “beliefs by rote” may be causing us to attract an experience less than Heaven on Earth.

By assessing how and where our beliefs are either supporting or repelling our dreams, we can then intentionally alter our beliefs and thought patterns (with tools such as meditation, silence, prayer and EFT) to navigate towards our optimal future with greater effortlessness, ease and speed.

The Universal Laws of Creation:

The Universal Laws cannot be segmented or independently applied, they work consistently and inter-dependently of one another at all times.

Therefore, to ‘apply the law of attraction’ intentionally, one must also learn to apply the ‘law of detachment’, for example.

To summarize, the laws:

The Law of Attraction (aka the Law of Creation) says that whatever you put your attention upon expands.

We draw into our lives whatever we focus upon and emotionalize – be it positive or negative. The more we focus, the more attractive and stronger our vibration becomes, and the more quickly it manifests. To practice the Law of Attraction, simply put your attention and your positive emotions upon the essence of your dreams fulfilled, as if you already have them now!

The Law of Detachment (aka the Law of Allowing) says that in order to intentionally attract something, we must relinquish our attachment to it.

If we are attached, then we project negative emotions of fear, doubt, or craving, for example, which actually repels our dreams. To practice the Law of Detachment, be willing to trust in the Divine Order and Divine Timing. Choose to elevate your consciousness to a place of peaceful expectancy, a place of allowing; where you feel absolutely certain that all is well, right now.

The Law of Unlimited Potential (aka the Law of Pure Potentiality) says that we are unlimited children of a very prosperous, powerful, omnipotent, impartial, all-providing, all-sufficient, all-loving Father/Mother/God. Our Divine Inheritance is all that we desire: wealth, joy, love, peace, abundance, health, beauty, wisdom, wholeness, and harmony.

Practicing the Law of Unlimited Potential requires that we accept our divinity and realize that the Presence of the Divine is within. We do not have to earn the right to our dreams; we were born deserving of all that we desire.

When we accept our unlimited nature, we know that the Source is internal, not external. By expanding our consciousness of this Truth, that the Presence of God is within, we exalt our positive vibrational offering in an organic, all- encompassing and symbiotic manner.

The Law of Reciprocity (aka the Law of Giving) says that as you give you shall receive.

There is a failsafe method of getting everything you want; simply begin giving more of what you want away. To practice the law of reciprocity, begin taking action daily (giving of yourself towards your dreams) and begin tithing of your time, talent, and treasure to wherever you feel spiritually fed. If you aren’t sure where you feel spiritual nourishment, just start giving ‘it’ away everywhere you go. If you aren’t sure where or how to take action, just start

taking action is some way (any way) and you will be led. Give freely and with an open and unattached heart. Think of the Law of Reciprocity as priming the pump, the pump of your never-ending, all-providing well of prosperity, love, and success. Taking inspired action is the act of priming the pump and to receive we must be willing to give, both through action and generosity.

The Law of Cause and Effect: for every action there is an equal and opposite reaction.

There is nothing in our Universe that exists independently. In other words, everything was created by something else and every new creation causes a reaction to the existing reality.

Thus, we cannot intentionally attract a new job, without causing the old job to change or cease to exist. We cannot intentionally attract a better relationship, without causing the current relationship (or situation) to change or cease to exist.

In studying this law, we become truly aware that the Universe is not random. There is no such thing as mere coincidence and in order to grow, change, and intentionally attract what we really want, we must be willing to go through the effects of change. When we immerse ourselves in the study and application of the laws of the Universe, we will notice certain ‘thoughts’ and ‘feelings’ that prevent us from mastering them.

For example, let’s say we want to attract a mate using the law of attraction. If we practice the law of attraction, we will actually visualize ourselves fully embracing, loving, adoring and being loved and adored by our ideal life partner.

Then, we would practice detachment by sending forth love and gratitude for already having them in our lives. We would then maintain our vision and our faith for as long as possible. Here’s where most of us go astray!

At some point, we may find ourselves looking around, wondering where our perfect man/woman is; sighing at night when they aren’t laying down with us, or anxious at a dinner where everyone else is ‘coupled’, for example. We may find ourselves longing (not allowing but craving) a mate.

When we observe our attention going to ‘he/she isn’t here yet’; and this attention triggers negative emotions such as fear, sadness, worry, anxiety, or disappointment then we are attached and not practicing the law of detachment or the law of unlimited potential.

NOW, as conscious creation students, we have the opportunity to USE this awareness to pivot our attention and our vibration; we have the opportunity to eliminate the limiting beliefs that prevent us from practicing the Law of Pure Potentiality (that we are unlimited and therefore would of course have nothing to fear or worry about) and practice the Law of Detachment (that we trust in the Divine Order and know that all is well now).

With EFT (Emotional Freedom Technique) we can get in there, dig out those limiting beliefs of ‘he/she isn’t here yet’ and neutralize them. Negative thoughts and emotions are poisonous acid to our dreams, hopes, and ambitions. Think of EFT as the antidote to the poison. EFT pours an energetic alkaline solution on the acid that’s repelling our dreams. When we use EFT, we are alkalizing the poisonous thoughts and returning to a space of courage and neutrality.

When we obtain a consciousness of neutrality, we can then intentionally raise our positive emotions – our level of certainty and purely and intentionally attract outstanding success!

If you haven’t used EFT in a consistent manner to eliminate the doubts that hold you back, try it for 30 days. Just give it 3 minutes a day for 30 days. You have nothing to lose and everything to gain – health, wealth, success, love, beauty, joy, peace.and so much more!



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Life insurance is great for individuals that have a family, dependents and earn the most income to support their family. Life is unpredictable and it is important to ensure your family and loved ones are taken care of financially in case anything happens to you.

When shopping for life insurance in South Carolina, searching online and using the internet’s resources are a great way to educate yourself on life insurance basics, shop and compare quotes for the best life insurance policy for you. There are three different types of life insurance policies – universal life insurance, cheap whole life insurance and cheap term life insurance.



Universal Life Insurance – combines life insurance with savings. Insurers are able to have the benefits of term life insurance and combine that with tax-deferred interest accumulating savings account. Sometimes you may not even have to pay premiums during the entire policy. If your money to pay the death benefit and other costs accumulates in the tax-deferred savings portion of your policy, then premiums may not be required to keep the policy in force.

Cheap Whole Life Insurance – this type of policy will cover you for your entire life. Your death benefit and premium generally remain the same. Whole life insurance also builds cash value, which could enable you to earn a return on a portion of your premiums that the insurance company invests. Your cash value is tax-deferred until you withdraw it and you are also able to borrow against that money.

Cheap Term Life Insurance – this type of life insurance is low cost and great for young healthy individuals who are healthy and may not be able to afford cash-value life insurance premiums and want to ensure their dependents are taken care of in the event of death. Your policy will cover a pre-determined “term” which is normally one, five or ten years. Your premium payment and death benefits are only during that term. After the term you will have options to continue coverage and have the opportunity to convert to a cash-value life insurance policy.



 

Universal Life Insurance

Universal life insurance combines cheap term life insurance with a tax-deferred interest accumulating savings account. This life insurance plan provides insurers with death benefit as well as incorporating savings abilities.

Investing

Universal life insurance is also known as “flexible premium adjustable life insurance,” and gets this term because it is somewhat of a flexible version of cheap whole life insurance. Your insurance company will take a portion of your premiums and invest them in bonds, mortgages and money market funds. You earn the return on said investments which is credited to your policy tax-deferred. You usually receive a guaranteed minimum interest rate which is not dependent upon the performance of your investments so you will always get a certain minimum return on your money. When your investments do well, normally the insurance company will increase your interest rate return.

Death Benefit

You generally have two options when setting-up your universal life insurance policy. One option will pay your death benefit out of your policies accumulated cash value. This policy costs less in premiums, but it can take a while to build up sufficient benefit. The other option will pay you a face value that you agree upon in the contract plus your accumulated cash value. This option cost more in premiums, but you are guaranteed at least a specific amount of money in your death benefit. Most life insurance companies can set your policy up so you will have a no-lapse guarantee as long as you pay your minimum designated premium. The policy could stay in force to age 100 or above. Universal life provides you the flexibility to adjust your death benefit according to your needs allowing you to pay smaller or larger amounts depending on your finances.

Cheap Whole Life Insurance

Cheap whole life insurance policies cover you for life. Generally your death benefit and premium will always stay the same. Cheap whole life insurance builds cash value which is tax-deferred until you decide to withdraw it or borrow against it.

There are different types of cheap whole life insurance. These include traditional, interest-sensitive and single-premium whole life insurance policies.



Traditional whole life insurance – this policy gives you a guaranteed minimum rate of return on your cash value segment.

Interest-sensitive whole life insurance – provides a variable rate on your cash value portion which is comparable to an adjustable rate mortgage. This gives you the flexibility with your cheap whole life insurance policy such as increasing your death benefit without increasing your premiums depending on the economy.

Single-premium whole life insurance – this is great for individuals who have a large sum of money who would like to purchase their policy up front. This cheap whole life insurance policy also accrues tax-deferred cash value.



 

One of the features that make cheap whole life insurance popular is that a portion of your premium money goes toward your cash value which could pay off your entire policy after a few years. Another advantage is unless you make a change to your cheap whole life insurance policy, you will be covered for life with no future medical exams.

Cheap Term Life Insurance

Cheap term life insurance is great for those individuals who want to protect their family in the event of their death. Cheap term life insurance is often referred to as “pure insurance protection” because there is no cash value like cheap whole life insurance or universal life insurance. Cheap term life insurance also expires at a certain time after either a set number of years or when you reach a certain age.

A medical exam will most likely be required when you are buying cheap term life insurance. Most exams cover height, weight and medical history. Sometimes test results can hinder your ability to get approved for term life insurance or it could potentially increase your rates, but if you are healthy you should be fine.

 



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Have you ever met or heard of a person who is born lucky? The type of person who things come easily to. Maybe you know someone who achieves success after success regardless of the obstacles in their way. Do you know of a person who is the opposite? They fail constantly no matter how certain success seems to be. Is it just blind luck?

Do you believe that it is possible to program yourself for success and good luck? Do you believe me when I tell you that hypnosis can make it happen even faster?

Some people have the false belief that there are those of us who are born lucky and those who are born unlucky. However the truth is much more interesting and you can use it to create your own luck.

Perhaps you have already encountered some material that advocates the Law of Attraction. Did you carefully read what it had to say? Perhaps you are unconvinced that this law actually exists. Perhaps this is the first time you have heard of this. Either way I am going to show you how you can utilize this greatly misunderstood universal law to become magnetic to the things you desire.

The Law of Attraction has been called by many names – the most popular before the film “The Secret” was Synchronicity. Simply put this law is responsible for bringing us everything that we experience in life. However, it is you as a thinking, feeling conscious entity that activates this law. If you drop a stone from a great height the law of gravity will send it crashing down until it hits the ground. Likewise, if you have strong emotions when engaged in a thought the law of attraction will immediately begin its manifestation.

Basically you get what you hold in mind the most!

It is your predominant thoughts that become manifest in the world of matter. Many people try the art of visualization. Some succeed but most do not!

Why is this?

Well if you spend 15 minutes visualizing your goal and then spend the rest of your day thinking about the fact that you do not have it, you are really focused on the lack of your desire rather than on having it. Your predominant thoughts must support your visualizations.

The problem with many people who try to use the Law of Attraction is that they misunderstand two key principles. Firstly, although it is the thought that is manifested, it is not just thought that activates the law. Your emotions and feelings are the catalyst for manifestation. It is the feeling that activates the law of attraction and sets in motion the energies that will attract your desire to you. This is a vitally important point. It is how you are feeling when you think that creates the real magic.

When you combine positive emotions with a visualized scene the law of attraction goes into overdrive. Sitting for hours visualizing your goal will do you no good unless you can evoke the positive feelings that you associate with your desire. Ask yourself why you want the thing that you want. Once you have identified several reasons look more deeply into them. What is the feeling you will get from achieving these things?

Having identified the feelings behind the desire it is now easy to use the law of attraction. All you have to do is visualize yourself already in possession of your desire. Visualize the scene in a way that is clear and represents exactly what you want. Now, in your mind’s eye, see that image as though you were looking through your own eyes. See it as though you are actually in the scene living it right now. Then start to feel the feelings that you would have if that mental image were real. These emotions are necessary as your visualization will not work without them. It also takes care of the negativity you may otherwise experience throughout your normal day. The more you practise your visualization in this manner the more positive you will feel during your normal day and therefore the less negative thoughts and emotions you will be focused on.

The second reason for failure, when trying to consciously use the law of attraction and visualization is the lack of action. We live in a world that is regulated and created by thought but it is also in a state of motion. You need to take some action that will get you closer to your goal. No matter how small the action is it will add power to the forces of the law of attraction. I cannot stress this enough! We may be capable of achieving things through thought alone but we, as a species and individuals, are not yet spiritually/emotionally evolved enough to create our desires through thought alone – we are carrying around too much negative thoughts and feelings. So take some action!

For many people, myself included, it is hard to create a mental image that is clear and detailed. There are a few times when I also find it hard to evoke the emotions that are necessary to activate the law of attraction. I have found that hypnosis is invaluable on such occasions. When I am hypnotized and deeply relaxed I find it much easier to create mental images and mental movies. I also find that it is easier to get in touch with my emotions and thus evoke the necessary feelings I need to activate the law of attraction.

Follow my guidelines and people will soon by commenting on how lucky you are. However, you will know that it is not luck but merely magnetism deliberately created by following laws as old as time itself!



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Car insurance companies want to make you their lifetime customer. Research your options online, and you’ll find the best insurance companies for you and your car without having to listen to a heavy sales pitch, and without having to succumb to their business hours. Finish the race for car insurance and shop online to get your car on the road in no time.

Car Insurance is as mandatory as a driver’s license – but not as easy. There are few options when applying for a driver’s license. You know where to get your driver’s license, and the legal requirements are clearly set forth. There is no competition between companies to issue you your driver’s license. But once you get a car, insurance companies claiming to have the best insurance to insure you, and insure your car, (and whatever else you need insured), will be driving themselves mad to reach you first and convince you that their insurance company is the best insurance company for you. Car Insurance is insurance that is often needed for life – which makes you a lucrative target for insurance companies.

Everyone’s needs are different, and the minimum car insurance required by law will depend on your local regulations. If you don’t know your minimum needs, you can inquire at the office where you obtained your driver’s license, or go to your government’s website and search for mandatory car insurance, or simply call a well-known insurance company and ask them. The “best” insurance companies, by popularity, will likely give you an answer, and a list of reasons why you need more than minimal coverage. You will surely receive a sales pitch.

Sitting through sales pitches can get tiresome, annoying, and even confusing when different car insurance companies give you contradictory information. That is one of many reasons why learning about car insurance, shopping for online car insurance, and getting online quotes online, on the Internet, is more efficient than calling insurance companies on the phone. The top insurance companies will certainly have a website, and there are many specialized car insurance companies that have an online presence but are not listed in your local phone book. Many of the online companies now offer instant quotes after submitting information about your car and your location into an online form. (Your location will effect your quote.) Searching for car insurance online can give the most information, the best insurance policy options, the most quotes, and the cheapest car insurance quotes available in the most efficient manner – making an online search the best use of your time.

Car insurance is a major expense, and purchasing car insurance requires researching the companies, their rates, their policy coverage, their discounts and payment plans, and asking many questions to find the best car insurance company for you. One of the best car insurance companies for you may not be the best company for someone else. A recommendation for the best insurance companies from a friend will give you an idea of some of the more reliable companies, but because car insurance companies offer so many different policy options, the art of finding one of the best companies that meet your needs requires looking past those first few recommendations.

Car insurance is far more expensive than getting a driver’s license. The best insurance companies will work with you to create the best policy for you needs. Taking time to search online car insurance companies to find the best policies and the cheapest car insurance rates for your insurance policy will provide you with the best protection, the best safety – and the best savings. Finish the legal requirements for getting your car on the road without going broke, and without wasting your time. You can start and finish your research on car insurance companies online now, and your car can get back to driving your life where you want it to go – legally. Get yourself online, and your car will be on the road in no time.



E Law Blog

Group Health Insurance Benefits:

How To Keep Health Insurance Coverage 100%

Only 5% of employers in the U.S. still offer 100% coverage for their employees’ health insurance benefits. Other employers are choosing high copay plans or high deductible plans. Most others are passing their increase in health care costs on to their employees.

Fact: Health Care Premiums are rising faster than workers wages

Premiums for employer-sponsored health insurance rose an average of 6.1 percent in 2007, less than the 7.7 percent increase reported last year but still higher than the increase in workers’ wages (3.7 percent) and the overall inflation rate (2.6 percent), according to the 2007 Employer Health Benefits Survey conducted by the Kaiser Family Foundation and the Health Research and Educational Trust.

The 6.1 percent average increase this year was the slowest rate of premium growth since 1999, when premiums rose 5.3 percent. Since 2001, premiums for family coverage have increased 78 percent, while wages have increased 19 percent and inflation has increased 17 percent.

The average premium for family coverage in 2007 is $12,106. On average, workers now pay $3,281 out of their paychecks to cover their share of the cost of a family policy. While premiums continue to rise faster than wages, this year’s gap of 2.4 percentage points is much smaller than the 10.9 percentage point gap recorded four years ago, when premiums rose 13.9 percent and

wages grew just 3 percent. (Agent Sales Journal Nov. 2007)

Lets Keep it 100% coverage and reduce the premiums

This is a strategy from Easy To Insure Me .com

We will use 2 equations for a 15-employee group: Current and Future Solution

Equation 1 Current

15 employees

(Yearly Premium) $100,000=Health Care

Equation 2 Future Solution

(Yearly Premium) $60,000 + $15,000 (employees x deductibles) = $75,000 maximum exposure

100% coverage and the employer pays for the deductible

while still saving 20% to 40%

**We say maximum exposure because not all employees will satisfy the deductible

Call 215 944 3079 and ask for Chad Levin for more information



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Whenever you think of opting for Life Insurance Policies, the general image or idea that flashes on your mind is that of a salesman trying to entice to purchase a policy under his company name. Now if you are a completely new customer and have no idea as to what kind of deal suits your need, you end up making the wrong policy. Life insurance is also used to pay death taxes and estate settlement costs, to shift wealth from one generation to another or to benefit selected charities.. Most people go in for a life insurance policy to ensure that upon his/her death, the beneficiary is financially secured. Life insurance policies are typically divided into two major types: term insurance and permanent insurance. From these two basic policies, the insurance industry has developed a number of products using the same essential principals. People on a general basis would consider a life insurance policy to have no time limits, which always isn’t the case. Lets discuss the two types of life insurance policies in detail.

Term Life Insurance: A term life insurance policy pays the beneficiary or the nominee the due amount only if the insured individual expires during the time/ tenure of the policy. No benefits are paid if the insured exists beyond the term of the policy and there is no investment or cash value feature inherent in this type of policy. For this reason, term insurance policies will carry the lowest premiums in the earlier years of the policy. However, as an individual gets older, term insurance gets more expensive. A major problem with term insurance is that with the expiry of the insurance policy, the insured would need to replace or renew the policy at a higher premium.

Permanent Life Insurance: A permanent life insurance policy, often referred to as whole life insurance, is intended to provide protection throughout the life of the insured. It is an alternative to term life insurance and the premium is a bit costlier too. This is done to maintain the premium level while the policy is in place. Moreover as the insured keeps getting older the mortality rates increases. A couple of permanent life insurance policies are the universal life insurance policy and variable life insurance policy. A universal life insurance policy provides flexibility for the insured by allowing the individual to select the premium they would like to pay. Variable life insurance is a policy in which the insured has the ability to direct the investments of the cash surrender value to achieve potentially higher returns than could otherwise be realized. If the investments perform well, the death benefit will increase.

Determining your need prior to choosing a policy is important. Insurance is basically done when you have young members in your family, there is one bread earner and insufficient savings to meet the demands of the survivors in case of a disaster. The type and amount of insurance which is being considered must also be predicated on the affordability of the premiums. A policy which is too expensive to carry may result in an early termination. The insured would then need to reapply, usually at higher costs, and potentially subject him or herself to a physical examination to determine overall health.

Going by the current premium values in the market the top 5 insurance companies would be ranked as

1) ICICI Prudential Life Insurance

2) Birla Sun Life Insurance

3) HDFC Standard Life Insurance

4) Life Insurance Corporate of India

5) Bharti-Axa Life India.

Life insurance is a very complex product and, yet, is essential for many individuals in order to protect their loved ones or meet the other needs for which it is being purchased.



Keywords Post

This week the financial crisis brought more shocking news. General Motors, Ford, and Chrysler executives landed in Washigton on with their corporate jets seeking a share of the $700 billion Troubled Asset Relief Program.

In a shameless display of arrogance and entitlement, leaders of what used to be “best in class” companies begged for billions of dollars with their tin cups outstretched in front of the US Congress. Before the Big Three ever arrived in Washington, billions had already been committed to AIG and some of the largest financial institutions in the country.

During this financial meltdown we’re seeing something we never expected to see in our lives – broken promises from major corporations and government institutions on an unprecedented scale. The day has arrived when large companies and large states like Florida can’t raise the cash they need to meet their promises.

If you are a Florida home insurance consumer the financial crisis has put your biggest asset at risk – your Florida home.

Can you name a more sacred promise than the one a home insurance company makes to you when it takes your money and agrees to insure your home?

When you buy homeowners insurance in Florida the insurance company is promising you fast and fair payment of your claim. Florida insurance companies buy reinsurance to help them make good on this promise to you. Reinsurance is backup coverage that insurance companies buy to help protect themselves from big losses above certain levels.

The Florida Hurricane Catastrophe Fund was formed as a way to help stabilize the Florida home insurance market after Hurricane Andrew caused billions in damage to Florida in 1992. By offering reinsurance at affordable rates, the fund helped to make homeowners insurance available and affordable for many years.

That all changed after the Florida hurricanes of 2004 and 2005 when Florida home insurance became overpriced and hard to find again.

The Florida legislature responded to the Florida home insurance crisis by voting in 2007 to expand the reinsurance sold by the Cat Fund by $12 billion – raising its total risk to a total of $28 billion. Florida home insurance companies were required to purchase this additional reinsurance from the state and to pass along the savings realized on reinsurance to home owners.

As a Florida homeowner, you didn’t get the rate reductions that this law was supposed to provide. Your rate cuts never came close to the 24% predicted when the legislation passed. And to make things worse, the Florida Cat Fund took on an additional $12 billion in risk.

Now the Florida Catastrophe Fund has told us that the frozen bond markets won’t be an acceptable source to raise the cash it needs to meet its commitments to the insurance companies after a major Florida hurricane. It recently estimated that it could pay out $13 billion over the next twelve months – That’s $15 billion less than the $28 billion it is on the hook to pay!

What does all of this mean to you as a Florida home insurance consumer?

You didn’t get the rate relief you expected and your state took on financial obligations that it has no hope of paying.

You are at risk if Florida experiences a major hurricane in the next year. Once the losses of your Florida home insurance company exceed certain levels, your company will ask the Florida Cat Fund to reimburse them in order to pay your claim. Since the Florida Cat Fund is short on cash, you might have a long delay in getting your claim paid.

The promise to pay your Florida home insurance claim has never been more at risk than it is today.

Now that you know that the Florida Hurricane Catastrophe Fund will not meet its obligations, let’s examine the National Catastrophe Fund idea that Florida has been bring up in Washington for years. This National Cat fund would offer an additional layer of loss protection above and beyond the obligations of the Florida Cat Fund.

The theory is that a National Catastrophe Fund would be funded in part by insurance premiums paid by policyholders in states that are part of the fund. A National Cat Fund would be a separate fund that would earn interest and grow during the years when there aren’t any claims.

Supporters claim that no taxpayer money would be needed to sustain a National Cat Fund. Storm history tells us there would be times that federal tax dollars would have to be used to offset major losses.

And everyone knows that the federal government can’t keep its funds separate. Just ask someone in Washington to show you the billions that are supposed to be in the Social Security Trust Fund. You won’t be shown any cash – just a drawer full of T-Bills and IOU’s.

Now that the Big Three Auto makers and other shameless Fortune 500 companies have beaten Florida to the punch in Washington, it is very unlikely that a National Hurricane Catastrophe Fund will pass anytime soon. The red ink in Washington will make even President Elect Obama shy away from any additional federal obligations. So don’t look to the federal government to make good on the promise that was made to pay your Florida home insurance claim.

Finally, Citizens Property Insurance Corporation has consistently reported that it doesn’t have anywhere near the money it needs to pay out the almost half a trillion dollars in hurricane exposure it after a major Florida hurricane.

A large hurricane would mean that Citizens can’t pay even its primary obligations – those that it must pay even before losses reach levels where Florida Hurricane Catastrophe Fund reinsurance kicks in. And as a policyholder with Citizens, you are subject to paying higher special assessments after a major Florida hurricane than policyholders who have private homeowners insurance – special charges tacked on to your annual insurance bill.

In this new brave world where even governments can’t keep their promises here are some steps you should take as a Florida home insurance consumer right now:

Get a Florida wind inspection done and harden your home as much as possible.

Avoid Citizens Insurance Florida if you can.

Find a home insurance company that is strong financially and one that has spread its risk across both Florida and other states. Fewer policyholders will mean faster payment of your claim.

Report your insurance claim the same day as the Florida hurricane. This will make it more likely that you will get paid before your insurance company looks to the Florida Cat fund for reimbursement.

Last but not least. The fact that the Florida Cat Fund is short on money has not been lost on Florida home insurance companies. They are being charged for reinsurance by an entity that has publicly stated that it can’t meet its obligations. That means insurance companies are not getting what they paid for.

You should expect Florida home insurance companies to try to buy more of their reinsurance in the private market and not from the State of Florida in 2009. And they will look to pass that cost through to you in the form of higher insurance rates. If they don’t get the rate increases they need, your Florida home insurance policy might be cancelled.

As the Florida home insurance crisis continues, it has never been more important for you to stay on top of the Florida home insurance market for private insurance. You never know when you might have to find a new Florida home insurance carrier.



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