July 9th, 2009
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Life insurance is an unfortunate necessity in life if you’re the primary means of support for your family. “What would happen to my family if something were to happen to me?” is a question that weighs heavily on many people’s minds. Enter the concept of life insurance. Should you kick off unexpectedly, your family is protected. It’s one of those things that you simply have to pay for. But, like most things, there’s no reason to pay more for life insurance coverage than you have to.
Life insurance is a gamble between yourself and the insurance company. And it’s a grim bet at that. The insurance company is betting that you won’t die while they’re covering you, and you’re betting that you will. It’s not a bet that you want to win, and not a bet that you want to lose by spending an inordinate amount of money on your coverage.
The Secret Word is ‘Term Life’
The life insurance industry developed a way to stack the deck in their favor some time ago. Understanding that, with the exceptions of unforeseen accidents and unexpected sudden illnesses, people generally die when they’re very old and improving medical technology is extending life expectancy all the time. With these things in mind, the industry developed term life insurance.
Term life insurance does exactly what its name implies: covers you for only a specific period of time, or term. It may be ten years, twenty, thirty, or more, depending on the policy. The insurance company wins the bet if you live through the entire term. They basically increased the odds in their favor. Everybody dies, but not everybody is going to die in the next twenty years. The thing is; term life insurance costs less than traditional whole life coverage. In fact, it costs a lot less.
If you need life insurance coverage, you really don’t need it until you’re eighty or ninety years old, right? You need it during the time in your life when your family would suffer financial hardship if you were gone. By purchasing term life insurance you can save a bundle and then take the money you save and invest in savings, IRAs, mutual funds, stocks and bonds, whatever the amount will allow, thus preparing for your future and your family’s future more securely than ever before.
Written by srini on July 9th, 2009 with no comments.
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Mary Ellen Pleasant was an African immigrant who lived during the era of 1800s and happened to be the first black millionaire businesswoman in America. She was born as a slave in Augusta, Georgia on 19th August, 1814. She was rescued from slavery when she was a girl of just nine years and arrived at New Orleans.
Here she learnt to cook and gradually developed an immense interest in the art of cooking and the various intricacies related to the activity.
She happened to carry out endless experimentation with seasonings, spices and her dishes happened to be the talk of the town. They were accorded legendary status.
She was a complete illiterate woman and at the age of twenty, she arrived at Boston to become an assistant to a tailor. Here she met a rich mulatto contractor and merchant by the name of James W. Smith and he went on to become her husband. The couple relocated to Virginia and got engaged in rescuing slaves.
They also offered their guidance towards the building of the underground rail-road. James had inherited a plantation in Virginia and the slaves that he had purchased from slavery were put to service out here.
Following his death in 1847, Mary was left with a massive fortune of $45,000 in the form of bonds which she later got exchanged for gold. She was then briefly married to a man called James Pleasant and soon after she decided to relocate to San Francisco. There was a unique bid performed at the dock in 1852, where a congregation of millionaires joined in to bid for her culinary acumen. Her dishes and spices were near legendary.
Pleasant did not participate in the bid and went for an elaborate investment in building a business empire. This comprised of restaurants, real estates, boarding houses and mining ventures. She bought a plush area at 920 Washington Street which soon emerged as the most loved boarding and dining site in San Francisco.
On Octavia Street, Mary bought a $100,000 mansion where she hosted and entertained the elite of the city. They used to discuss the stocks that they considered profitable and the next day Mary would plan out an investment on those very stocks. The money generated from this venture was used by her for a drive to abolish slavery forever.
She aided John Brown in this endeavor. Brown was finally hanged and Mary managed to escape. In 1848, she filed a racial discrimination lawsuit when she witnessed the manner in which the trolley car operators were manhandled.
This case was a precedent for this social evil that embarrassed America for years to come. Her emergence as the ‘most’ powerful woman led to countless stories building on over the course of time.
Written by Admin on July 9th, 2009 with no comments.
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