Update Tuesday Nov. 26 - 2009 All About "Disability Pension Insurance" By Insurance Experts

If you become disabled through injury, sickness, or other circumstances and have not been able to work for a year (long term disability), then you may be eligible for social security disability insurance (SSDI) benefits. If your application is approved, you can collect the social security disablity insurance benefit until age 65 when is the time the benefit is transfered to the pension program.

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Disability Insurance - Is It Necessary?

By Chisomeje Odimba

Most people know the value of life insurance; providing income for their loved ones after they are gone. Other take out home insurance and auto insurance to protect their property and valuables. But only a few people think of taking out disability insurance. Take a minute and think of it. What would happen to you if you were unable to work and earn a living for a long period of time? If it is just a matter of one or two months, you might have money in the bank to tide you over. But in the long run, how do you survive? This brings us to the importance of disability insurance.

Research has shown that everyone stands the risk of disability. More people are likely to lose their livelihood to disability than death. Others would lose their home to disability than fire or death. Every one in 8 individuals are likely to suffer disability.

You should take out a disability insurance because the insurance policies that you think has you covered may not really come through for you here's why:-

a. Social Security. Although social security caters for people who have suffered a disability, you should not rely on it. The definition of disability in getting claims from social security is very strict. Because of this over 50% of claims are denied yearly. Even if you are certified eligible, you would have to wait. Sometimes for up to six months, in line with the waiting period policy of social security. Another issue is that you might not get even half of the kind of income you were earning prior to your disability.

b. Workers 'compensation. Your workers compensation covers only work-related injury or illness. What you are paid depends on the state you live in. In some states, you are only paid compensation as outlined in the worker's compensation laws.

c. Pension plans. Some states include disability benefit in their payment plans, but this is only given in case permanent or total disability. Some others would reduce your pension benefit to the percentage left after you have received disability benefit. Remember though that if you receive disability from the above mentioned plans, you should not expect much disability benefit from your pension plan because it comes from the same source.

The best plan for you is to shop around for a reputable company that would give you a good disability insurance policy. You have to be diligent in your search for an insurer so that you can get the best. So endeavor to visit at least six sites before you make a final decision.

Here are great pages for health insurance quotes... InsureMe Health Insurance Quotes Health Insurance Quotes Chisomeje Odimba writes for Quality-Insurance-4-Less. Article Source: http://EzineArticles.com/?expert=Chisomeje_Odimba

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Getting a Military Pension Cash Advance

By David Springer

Receiving cash for your military pension can provide access to more of your money to meet your immediate financial needs. Instead of waiting to receive monthly pension payments, you can exchange your military retirement for a large lump sum. You could spend the money on anything: debts, a new car or house, a business venture, your child's college education, or even a much-needed vacation.

The good news is you don't have to repay the money because it's not a loan. And, you don't have to sell your entire pension; you can sell part of your payments. You can receive cash for your military pension payments for a select time, plus retain any future increases in payments. Then once the specified time passes, you can continue receiving your full retirement payment, as you did prior to the sale.

Keep in mind that military and non-military pensions can easily be converted into a lump sum of cash, but it's a very expensive process. For example, discount rates for regular pension payments run 20 percent for assignable pensions and 30 percent for non-assignable ones. Therefore, you should only sell your pension if there are no other options available to you.

Consider this: As an active-duty military member retiring after 20 years of service, you will receive retirement pay for the rest of your life. The payout, which is based on your years of service and rank, could be substantial. For example: veterans retiring after 20 years of service in 2006 as an E-8 a usual rank for retiring non-commissioned officers would get 50 percent of their base pay or $2,035 per month. Over the next 30 years, these retirement payments could add up to more than $730,000.

Eligibility for Receiving Cash for Your Military Pension
You may be eligible to receive cash for your military pension if it meets federal guidelines concerning Veterans Administration disability. If you're a veteran whose military income comes solely from VA, you cannot sell your payments. However, you can get cash for your payments if the VA Disability portion makes up no more then 40 percent of your total military income. This restriction is part of a federal legislation (HR 2297) that is designed as a protective measure to prohibit pensioners from selling their V.A. pension streams.

Besides the disability issue, pension fund purchasers use a variety of other factors to determine eligibility. While requirements vary among purchasers, they typically require you to:

- Presently be receiving a minimum monthly pension payment of $400 dollars after taxes

- Have credit scores of at least 580 from all three credit bureaus: TransUnion, Experian and Equifax

- Be currently employed or have a secondary income that allows you to meet your monthly expenses without your pension payments

In addition, some pension purchasers require life insurance. Generally, any active insurance policy is acceptable, even if it existed prior to the sale of your military pension. Also, there's generally no age limitation placed on pensioners making the sale. But, ultimately, underwriters will evaluate each submission on a case-by-case basis to determine eligibility.

Steps to Getting Cash for a Military Pension
Receiving cash for a military pension is a relatively straightforward procedure. Most pension fund purchasers provide free, no obligation quotes. And most don't charge any up-front fees. Here are some general steps to the process of getting cash for your military pension:

Step 1: First, you provide information about how much you receive each month from your military pension and any deductions for taxes, child support, alimony, etc. You also must indicate who is making the payments to you (DFAS, GE, IBM, State of Florida, etc.) and when you receive those payments. (You'll need a copy of your most recent Retiree Account Statement or VA Award Letter, or VSI Earnings Statement.)

Step 2: Next, the underwriter determines the total amount you would receive from your pension for the number of years you wish to sell. Let's say you want to "cash in" the next eight years of your military pension. If you're an E-8 receiving $2,035 a month, then you would receive $195,360 over the next eight years.

Step 3: Then, if approved, a lump sum would be calculated for your offer. You could expect an offer of around $98,000 for your eight years of non-assignable pension payments. (The 30-percent discount rate works out to only about half the original payment due to the lower future value of dollars).

Step 4: The entire process takes from four to eight weeks to complete.

Converting some or all your military pension into a lump-sum payment can be an excellent tool for enhancing your cash flow and lifestyle.

Sovereign Funding Group is an experienced, reputable company that offers convenient, no-risk services to help you with the selling of your deferred payments and business financing, including a Military Pension Cash Advance.

Article Source: http://EzineArticles.com/?expert=David_Springer

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Update Tuesday Nov. 06 - 2009 All About "Disability Pension Insurance" By Insurance Experts

If you become disabled through injury, sickness, or other circumstances and have not been able to work for a year (long term disability), then you may be eligible for social security disability insurance (SSDI) benefits. If your application is approved, you can collect the social security disablity insurance benefit until age 65 when is the time the benefit is transfered to the pension program.

Recommended Reading
Insiders Tips For Reducing Spending
Money Saving Tips And Ideas Covers
Practically All Areas Of Household
And Modern Living Expenditure

Disability Insurance - Is It Necessary?

By Chisomeje Odimba

Most people know the value of life insurance; providing income for their loved ones after they are gone. Other take out home insurance and auto insurance to protect their property and valuables. But only a few people think of taking out disability insurance. Take a minute and think of it. What would happen to you if you were unable to work and earn a living for a long period of time? If it is just a matter of one or two months, you might have money in the bank to tide you over. But in the long run, how do you survive? This brings us to the importance of disability insurance.

Research has shown that everyone stands the risk of disability. More people are likely to lose their livelihood to disability than death. Others would lose their home to disability than fire or death. Every one in 8 individuals are likely to suffer disability.

You should take out a disability insurance because the insurance policies that you think has you covered may not really come through for you here's why:-

a. Social Security. Although social security caters for people who have suffered a disability, you should not rely on it. The definition of disability in getting claims from social security is very strict. Because of this over 50% of claims are denied yearly. Even if you are certified eligible, you would have to wait. Sometimes for up to six months, in line with the waiting period policy of social security. Another issue is that you might not get even half of the kind of income you were earning prior to your disability.

b. Workers 'compensation. Your workers compensation covers only work-related injury or illness. What you are paid depends on the state you live in. In some states, you are only paid compensation as outlined in the worker's compensation laws.

c. Pension plans. Some states include disability benefit in their payment plans, but this is only given in case permanent or total disability. Some others would reduce your pension benefit to the percentage left after you have received disability benefit. Remember though that if you receive disability from the above mentioned plans, you should not expect much disability benefit from your pension plan because it comes from the same source.

The best plan for you is to shop around for a reputable company that would give you a good disability insurance policy. You have to be diligent in your search for an insurer so that you can get the best. So endeavor to visit at least six sites before you make a final decision.

Here are great pages for health insurance quotes... InsureMe Health Insurance Quotes Health Insurance Quotes Chisomeje Odimba writes for Quality-Insurance-4-Less. Article Source: http://EzineArticles.com/?expert=Chisomeje_Odimba

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And Modern Living Expenditure

What Would a Truly Free Nation Look Like?

By Russell Longcore

One day soon, the United States Federal government is likely to collapse. The cause will probably be that the rest of the nations of the world will reject the dollar as the world's reserve currency, and adopt another currency, or a basket of currencies, as their new reserve. This currency move is not just a rumor, but is already happening on a small scale. Once the nations of the world have cast aside the dollar, its value will freefall against all other world currencies.

The US government bond market will collapse simultaneously, as bond values will be heading toward zero. Those holding US bonds will be stuck with something they cannot sell. Unfortunately, that means big institutional investors like banks, mutual funds, insurance companies and pension funds will have instant liquidity problems.

This dollar crisis may also cause American banks to begin a tidal wave of defaults and bank "holidays." Banks, mortgage lenders and credit card companies would cease loaning money. That will likely mean that one day you might find that your credit cards and ATMs cards have stopped working.

This event could last for weeks or even months. After a few days (hours?), many of those without cash and food will start looting. Society could break down very quickly. Remember New Orleans just days after Hurricane Katrina. And when US Federal Reserve notes start rapidly losing value, you'll find many merchants that refuse to accept them for payment for goods and services.

Now do you see why I recommend holding gold and silver coins? Not as an investment, but as an alternative money supply. No one will reject gold or silver. Your gold and silver holdings could be the thing that keeps you alive during a catastrophe.

States may look to Washington for a solution, but Washington's solution will likely be to simply order the Federal Reserve to print more paper money. But folks will already know that paper money is becoming worthless, so won't want any more of it.

If the US federal government runs head-on into a currency collapse, it won't be in any better situation than the average citizen. Another problem they will have will be with the active duty military personnel. Soldiers aren't stupid. Will they obey orders and enforce American laws for Washington when they know they will get paid in shrinking dollars? Massive numbers of military personnel may go AWOL. This could make it easier for states to secede.

States will very shortly be forced to face inevitability. They will have two choices. Choice #1 is to stay with Washington like good little slaves. We all talk about secession a lot, but remember that most of the states of the United States were formed after the original thirteen colonies left Britain. So they have always been "owned" by Washington, so to speak. Other than the thirteen colonies of 1776, and the Confederate states of 1865, the rest save Texas and Hawaii are slave states.

Choice #2 is to secede from the Union and become sovereign nations.

The biggest challenge to state secession, in my never-humble opinion, is not Washington resistance. The biggest challenge to state secession will be from the state politicians already in office. Steeped in Washington-think, and addicted to Federal money, they may naturally default to crafting a new nation in the likeness of Washington. I hope I'm completely wrong, and that liberty lovers will prevail.

So, what would a truly free nation look like? What kind of laboratory of liberty would a state like Texas make?

I realize that many of the characteristics I'll list here are a far-away dream, but I like to dream big. I dream that all government serves the citizen, not the other way around. I dream that government will exist to protect human rights. I dream that all government would be organized upon the Zero-Aggression Principle, which says that no one has the right, under any circumstances, to initiate force or fraud against another human being for any reason whatever; nor may a person advocate the initiation of force or fraud, or delegate it to anyone else.

The new Constitution should specifically outlaw any central bank. No national currency. Gold and silver will be the only money. Federal law allows private banks to issue currency based upon only 100% reserves. Fractional reserve banking specifically made illegal.

The Constitution would drive governance down to the county level. County courts, county law enforcement, county criminal law.

Unicameral legislature based upon population in counties. No need for a bicameral legislature, one house for the people and one for the states, since this is one nation. Legislative session restricted to 140 days per calendar year. That way, no one uses the legislature as a full-time job.

Constitutional convention can be called for if 50% plus one counties call for it.

Military: Constitution authorizes Navy, an Air Force and Marines. The militia is the Army. As the various branches would only function in defense, they would not need many people. No women in combat roles ever.

5 cabinet bureaucracies are State, Justice, Treasury, Interior and Defense. No other cabinets without a constitutional convention mandate. State is the diplomatic corps. Justice includes the Federal Court system, no lifetime appointments for judges. Treasury collects taxes and pays Federal bills. Interior manages Federal lands, infrastructure like Federal roads, and includes Bureau of Standards and agricultural regulations to keep the food supply safe. Defense manages full-time military, one military academy and militia officers.

Judicial has district courts, one court of appeals and one Supreme Court. Each county has a court. Jury nullification built into the law. Codify not just punishing an aggressor, but making the victim whole again.

No social programs. No Social Security, Welfare, food stamps, rent subsidies, college loans, government scholarships, mortgage guarantees, Medicaid, Medicare. All wealth transfer schemes unconstitutional.

Sales tax will be the only revenue for the government with a constitutionally pre-set limit of 10%. Sales tax collects revenue from all who do commerce, which includes those who do not reside in Texas. No property taxes. No Federal stamp on alcohol, tobacco, petroleum, etc. Counties and cities may assess sales tax to fund services, but must get voter approval. Tax rate increases must be passed in a general referendum with a quorum of voters and a 2/3 majority. No inheritance tax. Government that is not financed by sales tax can be financed by user fees.

No tariffs, excise tax or any other tax. Almost overnight, the Port of Houston would become the busiest port in North America and the prices of consumer goods would plummet.

Term limits on all national elected offices. Two terms maximum.

The legality of Gambling, Prostitution, Alcohol sales and Recreational Drugs to be determined by each county, not the Federal government. The War on Drugs failed with the American ratification of the 21st Amendment in 1933 which repealed the 13-year experiment with Prohibition. Texans have better sense than to keep fighting a failed war.

Traffic laws: No drivers licenses. No car tags and state vehicle registration. Drunk driving only prosecuted if there is an incident of loss and liability. Just driving with alcohol in one's body does not constitute a crime.

Abortion law decided county by county by citizen referendum.

Law enforcement: Texas Rangers are the only Federal law enforcement agency. All other law enforcement organized at the county level.

No public school: all public schools properties auctioned off to highest bidders. Education privatized. Parents are responsible for educating their own children. No compulsory attendance laws.

All colleges de-funded: If a college or university cannot maintain profitability through its own efforts, it must either downsize or go out of business. With today's technology, most higher education methods and traditions are outdated and need to change anyway. The free market would force innovation.

No government-run health care system. Force the insurance companies to underwrite without individual ratings for health insurance as well as no denials for pre-existing conditions. Insurance companies already have a long history of underwriting life, health and disability insurance on a group basis without consideration for pre-existing conditions. Allow the free market to determine costs.

Immigration: Except for the Gulf of Mexico, New Texas would be bordered on all sides by other nations. A truly free Texas would be a magnet for people yearning to breathe free. Sound money and liberty would cause a stampede of individuals and businesses to Texas. Happily those who are government handouts junkies would emigrate with lightning speed back into the USA and Mexico. Allowing the free market to regulate immigration would be the best solution. Then, all Texas would have to do is design an immigration procedure and let the market speak.

I cannot imagine a scenario in which the founding mothers and fathers of the New Texas get all of these characteristics into law. But just think of what life would be like if MOST of them happened.

There are two types of people in the world. One wants to live life and not dominate others. This person embraces individual liberty and property rights.

The other want to force people to live life by their dictates. This person wishes to control groups and is the greatest enemy to liberty and property rights.

Which type of person are you?

DumpDC. Six Letters That Can Change History.

Copyright 2009 by Russell D. Longcore

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Article Source: http://EzineArticles.com/?expert=Russell_Longcore

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