Family’s are now using life insurance to increase their net worth and securing their childrens financial future.  Find out how you can create your own Family Bank.

 ESTATE PLANNING - estate taxes and failure to plan for your family’s financial future can significantly diminish the amount of wealth that can be left to your heirs. Estate Planning using life insurance in innovative ways, such as premium financing, you can protect your wealth from significant dilution, and help your heirs be financially prepared for this burden of debt the US Government is leaving to them.

Premium Financing lets clients with significant insurance needs finance payments with little or no out-of-pocket costs and without the need to liquidate high-yielding assets to make policy payments. They can do this by using a combination of their life insurance policies and other assets as collateral.

Life insurance is the ultimate tool to mitigate the impact of the tax. That realization leads to their interest in the most affordable method of obtaining that coverage. Every day, more and more sophisticated people realize that premium financing is the solution for wealth transference, succession planning and wealth preservation goals

Recognising the increasing utility of electronic payments, which also ensure safety and speed of such payments, the insurance regulator, Irda has decided to permit payments for all life insurance policyholders and beneficiaries through electronic payment methods such as Electronic Clearing Service.

These major life changes are a good time to ensure that your insurance needs are still being met, TD insurance says life settlement providers

VietNamNet Bridge – Going the same direction as the national economy, the life insurance market saw strong growth in the domestic market.

Liberty National Life Insurance Co. has opened three branches in the Charlotte area and plans to hire about 300 workers in sales and management positions. (TMK)

NEW YORK —  In these uncertain financial times, one thing remains certain — the ever-expanding national debt. But it’s growing at such an accelerated rate, the clock that has kept track of the deficit since 1989 has had to add a digit.

The National Debt Clock switched its digital dollar sign to a 1 on Monday to accommodate the nation’s ballooning deficit, now past the $10 trillion mark, thanks to Congress’ $700 billion bank stimulus package.

Few passersby looked up at the billboard Wednesday afternoon, as the clock tallied each American family’s share of the debt at just past the $86,000 mark. But one man on a cell phone stopped to tell the person on the other end just how much they owed.

Real-estate developer Seymour Durst first began publicly clocking the nation’s deficit in 1989, erecting the digital billboard a block from Times Square.

“Early in the 1980s, he recognized that the national debt was a problem and was going to be a burden for his children and grandchildren and the next generation of Americans,” said Jordan Barowitz, a spokesman for the Durst Organization, which owns the clock. “So he put it up to call attention to the problem that we can’t borrow our way out of bad times.”  Using life insurance tools can reduce the burden on Americans with long term care insurance needs.

Over the years, the debt has grown, and so have the zeroes on the clock, though it was turned off for a time in 2000.

“It shut off for a few years during the Clinton administration, when the national debt started going backwards,” Barowitz said.

But it snapped back on in 2004 at 1133 Sixth Avenue, a block from its original location. Now located next to an Internal Revenue Service office — a coincidence that Barowitz calls “happenstance” — the clock had a quickie facelift in anticipation of a new clock.

“We pasted a dollar sign onto the clock,” Barowitz said. “We’re going to design and build a new clock that will probably be up sometime next year.”

The designers had better hurry. It may not be long before the American family’s share will need a new 1, too.