Life Insurance Retirement Plan: The Sure Way for a Better Life

We have seen situations where people work for donkey years, yet they have nothing to show for it after their retirement. They go back from grace to grass. Observations have shown that these people could not make good plans during their active years of work. They force their dependents including their children into an almost unending period of poverty. In order to avoid such ugly situation, the life insurance retirement plan is the rightful answer to it. It is often described as the Life Insurance Asset Accumulation Plans. If you plan well, you will live well.

Factors that are sequel to the retirement plan
Several factors are responsible for the increasing popularity of the insurance retirement plan. However, only very few will be highlighted:
  • Many people have become very conscious of saving for their retirement as the social security’s future tends to be less certain.
  • People’s confidence in the company’s retirement program has been shattered owing to corporate downsizing and tax law changes.
  • On the average, income tax free has brought cash value life insurance to lime light. It is generally recognized by all and sundry.
The life insurance retirement plan provides the investor an additional retirement income through a term life insurance policy (reference: The policy features a life insurance death benefit; tax deferred accumulation and market appreciation. Over funding an insurance policy is the best for an investor who is already taking good advantage of tax merited ways to save for retirement.

Some of the features of the life insurance retirement plan are highlighted below:
  • It must be insurable.
  • It often has a surrender charge in the initial 10 to 15 years.
  • All loans must be taxable immediately.
  • Contribution must be made for at the least, 10 years.
  • The death benefits that will be paid to the beneficiaries are automatically tax free.
The limitations of the life insurance retirement plan are highlighted below:
  • One limitation worth mentioning is that the retirement plan policy may be incorrectly overfunded. In this case, the policy will be classified as a Modified Endowment Contract (MEC). The mistake may never be corrected because once it is a Modified Endowment Contract (MEC); it will continue to be a Modified Endowment Contract (MEC). The overall result of this mistake is that the policy loan will now be taxable. This will of course erode all the retirement plan benefits.
  • Another grievous risk of using a life insurance policy that is over funded as retirement savings is the fact that the policy may lapse with high outstanding loan.
As a result of these limitations imposed on the policy, so many criticisms have arisen.  Some are of the opinion that tax deferral opportunities should first be exhausted. Then it may now make a lot of sense to jump into cash value life insurance policy. The cash value will build up in a tax deferral basis. If you later observe that the life insurance will not be needed, then you may fall back on the cash value. This will provide multiple sources of income for the retirement period.

Marketing Strategy Plan: Key Parts Of A Successful Marketing-Mix Model

Marketing basically means putting the right product or service at the right price, in the right place, at the right time. However, no matter how simple the marketing definition is, it takes a lot of work, the creation and implementation of a sound marketing strategy plan before you can see the fruits of your labor. First of all, you need to find out what your target market wants and identify their shopping habits. You also need to evaluate how you will be able to create a product or service at a price that will represent value and quality for them. This is where the marketing-mix comes in.

A marketing mix helps you get through your marketing strategy plans for any product or service you are thinking of and in the process, helps you stay away from common mistakes that may affect your business. However, although the 4 Ps of marketing and the marketing mix are often used interchangeably, these are two different terms. The marketing mix is a common phrase that is used to refer to the choices an organization has to make within key factors in the mix when introducing a particular service or product to market. The 4 Ps on the other hand relates to the key factors, which define the marketing mix.

What Are The 4 Ps?
  •     Product/Service
The first P is refers to the Product (or service) your customers want. When you define a product, it must have something that will satisfy the needs or demand of your target market. Among the factors you need to take into consideration is the How? When? and Where? Your target customers will likely use it. Branding is also important. Just like with any marketing strategy plan, your brand will represent your company and this must not just be treated as a simple name you want to call your product or service. Your brand will be the differentiating factor against your competitors.

On the internet Business - Fulfilling Chance For Job Seekers

The beginning of online technology has created countless possibilities for adolescents who want to gain professional progression and earn simultaneously. At present, the world wide web is not only meant for gaming or enjoyment activities but for more serious company tasks. It is the world wide web which triggered and developed online marketers. With the economic downturn, career also took a downspin which further extended the opportunity of online perform. Now, you have more grounds for considering online career. Weight the benefits and drawbacks so you will know how to deal with volatile conditions. You will find out the following facts:

• Jobs obtained from online sources are preferably cost-efficient. The only expenses are electric programs, online access, pc servicing and basic software requirements. If you are employed full-time, you have to set aside a budget for transport car fuel and servicing and food. This does not include the stress of visiting everyday and dealing with the demands in the workplace. You save a lot of money and are saved from emotional and actual demands.

• All enough time you spend for travel, traffic and other activities can instead be routed to planning for your online task or studying on additional possibilities. You have more here we are at your family and other personal concerns.