Are There Any Whole Life Insurance / Roth IRA Options Similar To Colorado Banking?
Question by Nic F | Posted in Investing
I recently spoke to an investment broker about an option offered by Colorado Banking that offers an IRA with a guaranteed interest rate where the amount you put in ($150 per month) goes toward a 80,000 whole life insurance plan and also into an IRA that would return 319,000 at the end of 45 years. I've done the math and it does work itself out, but I'm curious if there are any companies that compete with the same type of plan.
Now last time I asked this question I was bombarded with people telling me that this investment is a ripoff and I shouldn't do it, etc.
Also, the person who gave me all of this information gets nothing out of it, and I don't pay her anything,
Answer: lifeinsurance.awardspace.info - try this one. I have their insurance and, as remember, they can provide such a service.
What Happen If You Live In This Kind Of Country?
Question by CBC | Posted in Current Events
Three doctors may have licenses revoked for fraud
Three medical doctors who have admitted to colluding with patients in defrauding some NT$80 million (US$2.48 million) from insurance companies may have their licenses revoked and be expelled from the profession forever, medical officials said yesterday.
Yang Chao-jan, a physician with the Department of Health's (DOH) Keelung Hospital, Lai Teh-hsing, a surgeon with Yee Zen General Hosptial in Taoyuan County, and Wu Kuo-ching, a surgeon with St. Joseph's Hospital in Yunlin County, have been indicted by the Taoyuan District Prosecutors Office for fraud, along with seven others who acted as patients, according to DOH Minister
Answer: Nowhere to go that is better. Every country in the world has corruption and lots of it..
P
Question by tmscarface14 | Posted in Spam & Bulk Mail
I'm pretty sure this is a scam since I don't have any idea how they know I'm a finance and accounting major, and never gave my email address out to anyone, but I'm having a hard time figuring out just exactly what the scam is since they aren't asking me for any personal information, even in follow up emails. anyway, this is what the email says:
fromJovita Bernat <jovitabernat0531@hotmail.com>
tog**************@gmail.com (I blocked my email out)
dateWed, Dec 2, 2009 at 4:32 AM
subjectEntry level position at MF GMBH is available now
mailed-byhotmail.com
hide details 4:32 AM (6 hours ago)
MF Group GmBH has a new enty level job opening
Answer: Yes, it's a scam. I am NOT a finance/accounting major and received the same email. A large company will not recruit employees in this manner and would not use a gmail account. Mine was from piter.herrick@gmail.com. Also, a large company would not state that this position requires a HS diploma, but that a college degree is a plus. Most large companies expect a college degree so unless you are working an internship partnered with your school and are A) excelling in school and B) excelling in your internship, this type of offer would not be common. The other possibility of this type of job offer without a degree is that you are already employed by a company and have demonstrated outstanding
Question by cano w | Posted in Other - Business & Finance
Hawk Bay Corporation prepares monthly financial statements. Below are listed some selected accounts and their balances on the September 30 trial balance before any adjustments have been made for the month of September.
Answer: 1. A physical count of office supplies revealed $600 on hand on September 30
Dr Office supplies expense 2,100
Cr Office supplies 2,100
(to recognise the amt used up)
2. A two-year life insurance policy was purchased on June 1 for $6,000
Dr Insurance expense 250
Cr Prepaid insurance 250
(to expense off 1 month's insurance)
I assume that insurance expense has been recognised up to Aug. 2004 so now it's only necessary to take up Sept's expense.
3. Office equipment is amortized $4,500 per year
Dr Amortization expense 375
Cr Accumulated amortization 375
(being 1 month's amortization)
Actually
There are many businesses that rely heavily upon their top officials, including managers, CEOs and other individuals who are at the top of the company and who much of the company’s success can be attributed to. These key members of the company’s... Some officers, while not even actively engaged in the daily operations of a business, may still prove to be wholly indispensable simply because they are a principal owner, or because their experience and business connections within the industry... Business and corporate life insurance policies are gaining rapidly in popularity as more companies realize how truly vital it is that they protect their greatest assets: their people....
May 16 - Fitch Ratings has placed the 'A+' Insurer Financial Strength (IFS) ratings of Loyal American LifeInsurance Company and Central Reserve Life Insurance Company on Rating Watch Negative. The action follows American Financial Group's (AFG)
Overview -- We are assigning our 'A-1' commercial paper (CP) rating to Principal Life Insurance Co.'s new CP program, and affirming our 'A-2' rating on Principal Financial Services Inc.'s revised CP program. -- The ratings on Principal Financial Group
OLDWICK, NJ, May 10, 2012 (BUSINESS WIRE) -- AM Best Co. has assigned a rating of "AMB-1+" to the newly created $1 billion commercial paper (CP) program of Principal Life Insurance Company (Principal Life), a subsidiary of Principal Financial Group,
PHILADELPHIA, May 17, 2012 /PRNewswire via COMTEX/ -- Bob Stuber has been appointed as a Managing Principal of Lincoln Financial Advisors Corp., part of Lincoln Financial Group (NYSE:LNC) , serving as the market leader for offices in Houston.
Japan's Nikko Asset Management and South Korea's Hanwha Group, which runs the life insurance unit of Korea Life Insurance Group , have also placed bids in the first round of the sale that closed on Monday, said the sources, who declined to be
May 16 - Fitch Ratings has placed the 'A+'