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showcub · 7 years ago

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boyfriend!au shownu

you were working as a part-time barista at a small cafe near your uni

because you were always broke as hell and the financial aid was not enough

also you did not want to burden your parents to cover your monthly expenses

studying + working + extra curricular activities took up a lot of your time that you never even had a crush on a guy eVER

like sure that one guy in programming is fine but you knew you were wayyyy out of his leaugue

your friends set up different blind dates to widen your dating experience but they never work out

like that one guy is okay but he never pay for any your meals and is conSTA NT Ly brOke and always trying to get on your nerves

the other guy was sO full of himself and that just disgusts you and never saw him ever again

but one day you sat there behind the counter and then you heard the bell rang and your head instantly moved to look at the door

and goddamn

what a hot guy

with muscular arms wearing a white shirt and some ripped jeans

with his bed head he sO CUte but also hOT like the duality

and he came straight to you and you words get twisted and got some lump up in the throat

“h-hi, h-how can i-i help y-you?”

he chuckled (tHAT CHUCKLE) and you felt that cupid arrow shot right on that spot on your heart

“one iced americano, please.”

and you took the cash with your trembling hands and he just look at you

“first day, i guess?”

and you’re like…………………….no//…………………………………..

and he’s like……………second day????

and you’re like no………………….probably 87th day………………………….

anyway he picked up the pager and went to sit at one of the tables and wait

and you immediately squealed and hide behind the counter and your coworker looked at you like “don’t tell me you don’t know who that is-”

your face were so blushed and you’re just like “JUST TELL ME WHO THAT IS”

“he’s shownu you dumbass, he goes to your uni and apparently the guy every girl is chasing after”

then you realised that he was just another guy out of your league

you got up and saw he was picking up his drink and when he was about to make his way out of the cafe you shouted “HAVE A NICE DAY”

he turned around and smiled and winked and your heart,,,,,,your pitiful heart,,,,,,the merciless wink…/.///..

and the very next day he kept coming back and that it became a daily routine and a necessity for him to come and get himself ‘the usual’

and you’re just like please have mercy on my weak heart don’t make me fall for you every single day and he just kept coming back everyday

and one day you were sick and had a day off and your coworker texted you “y/n!!!!!!!!!!!! the g OD shownu came looking for you”

so you squealed jumped screamed let out the biggest uwu ever then you’re like please don’t make this kind of joke

but she’s like i’m not kidding………………………

then the next day you came to work and HE CAME

he went like “you weren’t here yesterday”

and your heart went boom boom BOOM BOom MOVOVMDBEBJKA

“i was sick” then he gave you the cash as per usual but he slid a piece of paper between it and when you were counting the cash

you saw it and read the paper

“i’d like to get to know you better. meet me down the street when your shift is done tomorrow so that i’ll know the feeling is mutual”

you could’ve sworn your cheeks were the pinkest pink and he just smiled and said “get well soon”

and you looked over to your coworker like yOU DIDNT JUST TELL HIM WHEN MY SHIFT ENDS

and she’s like thank me later ok

so the next day you didn’t contemplate at all to meet him or not

but after your shift ends you and your coworker like fixed your hair and sprayed some mist and changed to your outfit (read: a shirt, a pair of jeans and converse)

and she’s like you knew you were going to meet him yet you dress so boring

but you just shook it off because it’s freaking 10 PM and you just gotta be yourself ladies ;)

so you grabbed your bag and nervously walked down the street to find him leaning over the lamp post while watching you walked over to him

and he flashed that smile and he’s just like i should introduce myself properly so he cleared his throat and lend out his hand for a handshake and goes “i’m shownu and i’m an actuarial science major”

hOL UP i thought you were into some PE shit or something but instead you took his hand into a handshake and just said “i’m y/n and i’m studying software engineering”

and you guys walked around the city playing 20 questions (but it was more than 20) to get to know each other and good lord you learned a lot about him

said his hobby is dancing and he was in a dance crew and entered a lot of underground dance battles and he wasn’t into sport that much just he likes to work out to be fit

and he looked at you with full awe and adoration

whenever you guys walked side to side your hand brushed with his and gave you a tingling sensation

the temptation to intertwine your hand with his is real

when it was almost 12AM he brought you to a diner where you guys shared a vanilla milkshake because you insisted that it was violating your diet but he’s just like you know you beautiful whatever size you are

and it was almost 1AM that both of you were back at the dorm where he showed you where to sneak into the uni compound without getting caught

and he’s like jump i’ll catch you but you were so scared to jump off that 5 ft wall but you jumped anyway

and he caught you and you both stared into each other’s eyes and just

you cleared up your throat and he put you down and he was just awkwardly scratching the back of his head

and you gave your phone to exchange numbers

and you guys said goodbye once again and he just pulled you closer and leave a kiss on your cheek and bring his lips to your ears and whispered looking forward to more dates

and he turned around and gave you a wink and he shouted “HAVE A NICE DAY”

so the months passed by and you guys went on a lot of d a t e s but one day he was waiting you at the iconic lamp post and he said “i’m going to do something and only react if you feel the same”

BOY hOL UP WHATCHA SAy-

he cupped your face and brought his face closer to yours and his eyes were staring at your lips which made you did the same thing so you closed your eyes

he gently crashed his lips against yours and your lips danced with his

and he stopped and you opened your eyes just to see that SMILE and he’s like “be mine?” and you just “yes please” and kissed him once again

so dating “the guy every girl was chasing after” was pretty wild like the news spread throughout the uni like realllly fast

and they were some girls like quESTIONINg,,,, why,,,,, y/n,,,,like ???? the audacity ???? really ???????

but your friends were the happiest

because y/n………….finally……..hAS A BOyfrIEND and thE bOYfRiEnD was g0d shownu himself like///

anyway every saturday night is the “new restaurant tryout” and most of the new restaurants you guys went to were good and shownu being shownu would 11/10 come back

and you would come over to the dorm and binge on pretty little liars which shownu never watched

and you ACCIDENTALLY spoil the plot for the next episode and he was like pouting

sometimes you two got very busy with uni that you guys almost didn’t meet for one whole week and he missed you

so he came over to your dorm and cuddle in bed while catching up with each other while giving you back rubs

he ’’’’’’’’’’lends’’’’’’’’’’ you a lot of his sweatshirts and once you gave it back to him and he said keep it but you were like i’m not giving it back

and he scrunched together his eyebrows what do you mean?????

so you explained “i’m returning it so you can wear it and have your scent on it and give it back to me” and he smILED THAT SMILE and gave you a peck on the lips

when the finals were coming up you two would hang around in the library to have a revising session and five minutes in he already put his head on the table

and you keep encouraging him like WE CAN DO THIS

and he’s like yes YOU can do this

and you’re like NO WE CAN DO THIS

and he’s just like……………..ok……………………………….and he let out the loudest WE CAN DO THIS and the everybody were looking at you two and the old library lady literally gave you the first and last warning

you two would just go on lunch dates and he got his phone out and facetimed his mum just to show how beautiful his girlfriend is

you love subway rides with shownu because you would share the earphones and let him pick the music and the music always suit the vibes

sometimes you would follow him up to his dance practices you definitely swerve when the beads of sweats would cover up his whole body and how his dance moves were really sharp and smooth and.......hot

that one time he came over to your dorm and once he hugged you he could feel,,,,,the wet vibes.,,,, like sHOWNU IS CrYING WELP

and you just hold him tight and and caressed his body and kissed his forehead and he got all soothed up

you rarely fight with him but whenever yall fight he’ll be so frustrated and couldn’t even leave you alone

when you said “leave me alone” he was thinking hard if it was a sign for him to leave or to just hold you tight

but he’ll be the one to apologise first and you....would always feel sorry about that.....because sometimes....you know....it wasn’t his fault....but your ego

he’ll be the first one to say i love you and his face got all red and he started beating himself up when you didn’t say it back and you found it cute and beautiful and you just love him so fucking much

he likes to play with your hair a lot so you taught him how to braid and do fishtail braid

and sometimes you would find random tiny cute lil braid on your hair and it’s just too cute

it would be so fun to cook for him because he eats everything, anything

one time he said he craved homemade pancake so bad

so you decided to make one for him for breakfast but you definitely forgot you put it on the stove

so one side of the pancake is burned

but he still eats it and gives you forehead kisses for cooking for him

shownu: it’s made out of love

this is my first time writing an au! if you all have any request, i’m always open and i would love to get some feedback or critics in which i can improve. please bear with the grammar and the tenses i was so into it i didn’t even know when to use present or past tense!

find more from the series: boyfriend!au wonho, boyfriend!au minhyuk, boyfriend!au kihyun, boyfriend!au hyungwon, boyfriend!au jooheon

boyfriend!au i.m coming up soon!

#monsta x scenarios #monsta x imagines #monsta x shownu #monsta x #boyfriend! monsta x #boyfriend! shownu #monsta x reaction #boyfriend!au #monsta x scenario #monsta x imagine #monsta x au #boyfriend!au shownu #monsta x fluff

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halcyondaysforyou · 2 years ago

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How Seniors Can Use Life Insurance

Anyone with dependents needs life insurance, we're told. Policies on parents can provide food, shelter and education until children can provide for themselves. Husbands and wives can get policies to make a survivor's later years more secure and comfortable.

But what about people in their 50s, 60s or beyond? Many seniors have never had life insurance. Some had term policies that expired after the children grew. Some drop their coverage because they thought their investments had grown big enough and then find things aren't working out.

So what are the ins and outs of getting a policy later in life?

Several purposes. Insurance experts say older people may need life insurance for a variety of reasons:

-- Provide for a surviving spouse or young children from a second marriage.

-- Pay estate taxes.

-- Help with long-term care expenses.

-- Help heirs pay taxes they will face from inherited IRAs and 401(k)s.

Many seniors also have business interests, says Kenneth Pendley, a long-time insurance executive who is national marketing director for Atlanta-based Habersham Funding, a life settlement provider that converts policies to cash or income streams.

"In such circumstances, life insurance may be necessary or helpful to hedge against business interruption upon the death of a business owner or key employee or partner," Pendley says.

The website Quickquote.com shows that a 65-year-old non-smoking man in good health could get a $500,000 20-year term life policy for about $5,300 a year, compared to about $275 for someone who is 35.

Options for policies. Though a policy may be pricey for a senior, chances are you could find one, says Anthony Martin, owner & CEO of the Choice Mutual agency, a Citrus Heights, California, firm specializing in life insurance for seniors.

"It's very uncommon for someone, senior or not, to be flat-out declined for any sort of underwritten life insurance," he says.

Age, health and smoking history affects the premium, and he warns that advertising typically lowballs the cost.

While there are many types of policies with different names, all fall into one of two categories. Term policies are cheapest because they last for a specific number of years, and cost more for longer periods. Permanent policies can be much more expensive but last for life, so no matter how old you are when you die your survivor gets the death benefit.

Regardless of the type of policy, one with a bigger death benefit is more expensive than one with a smaller benefit. But even though premiums are larger for older policyholders, the math can work out, says Chris Huntley, owner of Huntley Wealth & Insurance Services in San Diego.

"A healthy, non-smoking 70-year-old female could purchase a lifetime guaranteed policy with a $250,000 death benefit for as little as $4,982 per year," he says, referring to a type of permanent insurance. "Assuming she lives to age 86, her life expectancy based on the (Social Security Administration) actuarial life table, she will have spent just $79,712 in premiums."

It would take an unlikely 12.49 percent return for those premiums to grow to $250,000 over the same period in an investment, he says.

A matter of taxes. Years ago, people later in life bought life insurance to help pay estate taxes. But in 2017, the first $5.49 million of an estate will be exempt from this tax, so many people don't have to worry about it.

But for those who do, many choose a survivor life or second-to-die policy, types that pay off only after the second spouse dies. This is cheaper because a couple, compared to an individual, has twice the chance of one living longer than average, says Chris Acker, owner of CB Acker Associates Insurance Services in Palo Alto, California.

"While seemingly expensive, the premiums on a life insurance policy designed for estate tax funding are usually a very good return on investment for the families involved," Acker says. "It's typically much less expensive to buy life insurance than to liquidate assets to pay taxes at death."

Policies for estate taxes are typically purchased within an irrevocable life insurance trust, so the benefit is not counted in the taxable estate, he says.

Life insurance can also help heirs pay taxes that will be due on tax-deferred retirement accounts like traditional IRAs and traditional 401(k)s even if there is no estate tax, adds Nancy Butler, author of "Above All Else, Success in Life and Business," and owner of an advisory firm of the same name in Waterford, Connecticut. Butler teaches continuing education courses in life insurance.

"Many heirs loose over 45 percent of the tax-deferred assets left to them," she says. "Without proper planning, a large percentage of the money you worked your life to build could be lost to income taxes rather than being passed to who you want it to go to."

Additional uses. Yet another purpose for life insurance late in life is to replace pension income that may dry up after the beneficiary's death, she adds.

Often, Martin says, seniors get life insurance for specific purposes such as paying off a mortgage or other debts, funeral expenses or caring for an adult child with a disability. In these cases, a term policy large enough to cover the expected cost may be cheapest.

But Acker cautions that it can be difficult or impossible to get a term policy after 60 or 65, while permanent policies may be available for people as old as 90.

He says some permanent policies offer riders to fund long-term care, and can be a better deal than ordinary long-term care policies.

"With the life insurance policy/long-term care rider option, people tend to feel confident that this policy will be used," Acker says.

Seek expert help. While you can shop for policies on your own online, many experts recommend using an insurance broker who represents many providers and knows details you might not easily find online, like whether given medications will get your application denied or boost the premium. Term life is pretty straightforward, but permanent policies have so many provisions it's hard for an amateur to make apples-to-apples comparisons.

"Above all else, the advisor needs to be an independent agent," Martin says. "I cannot stress this enough."

He also recommends agents who specialize in life insurance and don't do policies for cars and homes. A good independent agent should represent at least 10 carriers, he says.

Butler points out that premiums can be lower if you pay once a year rather than several times or monthly. And she says shoppers should look for "break points" where a larger policy becomes cheaper than one that is only slightly smaller.

Credits to: Jeff Brown

Date posted: November 14, 2016

Source: https://finance.yahoo.com/news/seniors-life-insurance-154023225.html

#lifehealthadvisors #areteautomation #life #plans #decision #foryou

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patriotsnet · 3 years ago

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Why Do Republicans Want To Repeal The Affordable Care Act

New Post has been published on https://www.patriotsnet.com/why-do-republicans-want-to-repeal-the-affordable-care-act/

Why Do Republicans Want To Repeal The Affordable Care Act

Why Republicans Cant And Wont Repeal Obamacare

Editor’s Note:

This article was originally posted on Real Clear Health on January 16, 2017.

Now that the Republicans control both the presidency and both houses of Congress, they must put up or shut up on their promise to repeal and replace Obamacare. Here is a flat-footed prediction: the effort will fail for three reasons. First, the Affordable Care Act has largely succeeded not failed, as president-elect Trump and other Republicans falsely allege. Second, it is impossible for the stated goals of repeal to be achieved. Finally, the political fallout from the consequences of partial or total repeal would be devastating. When it comes to casting votes, enough Republicans will conclude that repeal is a bad idea and will join Democrats to sustain the basic structure of the health reform law.

Second, the stated objectives of repealing Obamacare are mutually inconsistent. Three provisions comprise the core of Obamacare. First, rules barring insurance companies from refusing to sell insurance to people because of preexisting conditions or varying premiums based on those conditions. Second, a requirement that everyone carry health insurance who can afford it. And third, subsidies for those with moderate incomes to help make such insurance affordable. The law contains many other provisions as well, but these three are core.

Slashing Ads And Budgets

Funding for the “navigator” programme, under which trained individuals or organisations help people sign up for insurance through Obamacare, has dropped from $62.5m to $10m under President Trump.

His administration has also cut Obamacare advertising spending to $10m – a 90% reduction.

According to a November 2018 Kaiser Health poll, 61% of Americans aged 18 to 64 said they did not know about any enrolment deadlines.

Republicans Want To Get Rid Of Obamacare But Then What

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President Trump has vowed to repeal the Affordable Care Act, but Sarah Kliff of Vox.com says it’s “an overreach” to say that Republicans have a plan for what comes next.

DAVE DAVIES, HOST:

This is FRESH AIR. I’m Dave Davies, in for Terry Gross. While President Trump clashed with some Republicans over a variety of issues in last year’s campaign, one thing they all seemed to agree on was the need to repeal the Affordable Care Act, known as Obamacare. Now that congressional Republicans have a willing president and the votes to scrap the health care law, they’re finding the task a little more complicated than it seemed. Republican lawmakers have a wide range of ideas about what they might replace Obamacare with. But a secret recording of a Republican policy meeting in Philadelphia revealed many are worried about the political cost of removing coverage from those who’ve come to count on it.

For some perspective on what’s happening in Washington and how it might affect our health care, we turn to Sarah Kliff, a senior policy correspondent at vox.com. Before joining Vox, Kliff covered health policy for The Washington Post and for POLITICO and Newsweek. She co-hosts a policy-oriented podcast for Vox called “The Weeds.” Kliff and co-host Ezra Klein recently interviewed President Obama about the debate over health care and the possible repeal of the Affordable Care Act. I spoke with Sarah Kliff Tuesday.

DAVIES: And where have we seen those pools before?

Board Of Governors Professor School Of Public Affairs & Administration

The Trump administrations efforts to sabotage the ACA and their consequences receive detailed attention in a recently released Brookings book, Trump, the Administrative Presidency, and Federalism. For present purposes, I highlight six major sabotage initiatives which emerged in the wake of congressional failure to repeal and replace the ACA.

1. Reduce outreach and opportunities for enrollment in the ACAs insurance exchanges. Established to offer health insurance to individuals and small business, the exchanges have provided coverage to some 10 million people annually. The Obama administration had vigorously promoted the ACA in part to attract healthy, younger people to the exchanges to help keep premiums down. The Trump administration sharply reduced support for advertising and exchange navigators while reducing the annual enrollment period to about half the number of days.

2. Cut ACA subsidies to insurance companies offering coverage on the exchanges. ACA proponents saw insurance company participation on the exchanges as central to fostering enrollee choice and to fueling competition that would lower premiums. The law therefore provided various subsidies to insurance companies to reduce their risks of losing money if they participated on the exchanges. The Trump administration joined congressional Republicans in reneging on these financial commitments.

Repealing Obamacare Is A Huge Tax Cut For The Rich

This did not play a major overt public role in the 2009-’10 debate about the law, but the Affordable Care Act’s financing rests on a remarkably progressive base. That means that, as the Tax Policy Center has shown, repealing it would shower moneyon a remarkably small number of remarkably wealthy Americans.

The two big relevant taxes, according to the TPC’s Howard Gleckman, are “a 0.9 percent payroll surtax on earnings and a 3.8 percent taxon net investment income for individuals with incomes exceeding $200,000.” That payroll tax hike hits a reasonably broad swath of affluent individuals, but in a relatively minor way. The 3.8 percent tax on net investment income , by contrast, is a pretty hefty tax, but one that falls overwhelmingly on the small number of people who have hundreds of thousands of dollars a year in investment income.

For the bottom 60 percent of the population that is, households earning less than about $67,000 a year repeal of the ACA would end up meaning an increase in taxes due to the loss of ACA tax credits.

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

The Acas Protections Changed Public Opinion In Its Favor Republicans Are Keeping Up

For more than a decade, the Affordable Care Act has been the Republican Partys nemesis. As it was first debated in Congress in 2009, when it was enacted in 2010 and through the next six years of implementation, Republican leaders rallied supporters by vociferously opposing it and calling for repeal. The Trump administration and states controlled by Republicans remain hostile to the ACA.

But the coronavirus pandemics fast-moving destruction has pushed Republicans to rely on Barack Obamas signature law to respond to the crisis, even taking action to strengthen it. The law, as written, requires that Americans who have recently lost jobs and insurance coverage to be permitted to enroll in its insurance marketplace, and they are doing so in swelling numbers. Meanwhile, Republicans recently backed that increased federal funding for a critical part of the ACA: Medicaid for lower-income people. And Trump administration regulators have used their authority to insist that insurance plans pay for coronavirus tests as an essential health benefit under the ACA a Republican target in the past.

Our research shows that this about-face cannot be explained by the pandemic alone. The partys rank-and-file and many other Americans have shifted to supporting the ACA and expanded government payments for health care. The pandemic is giving Republicans cover to follow changing public opinion.

Republicans have spent 10 years trying to kill the Affordable Care Act

Younger Americans Could Get Cheaper Plans

Obamacare was designed so that younger policyholders would help subsidize older ones. That would change under the Republican bill because it would allow insurers to charge older folks more.

This means that younger Americans would likely see their annual premiums go down. Enrollees ages 20 to 29 would save about $700 to $4,000 a year, on average,according to a study by the Milliman actuarial firm on behalf of the AARP Public Policy Institute.

Those under age 30 would also get a refundable tax credit of up to $2,000 to offset the cost of their premiums, as long as their income doesn’t exceed $215,000 for an individual.

Related: What’s inside the Republican health care bill?

The GOP tax credits would also likely be more generous than Obamacare’s subsidies for these folks. For example, a 27-year-old making $40,000 a year would receive $2,000 under the GOP plan, but only gets a $103 subsidy from Obamacare, on average, a Kaiser analysis found.

Also, the bill keeps the Obamacare provision that lets young adults up to age 26 stay on their parents’ insurance plan.

This Is Why Republicans Couldnt Make A Better Replacement

Republicans have made a lot of political hay out of pointing out that the plans available under the Affordable Care Act are, in many ways, disappointing. Unsubsidized premiums are higher than people would like. Deductibles and copayments are higher than people would like. The networks of available doctors are narrower than people would like.

These problems are all very real, and they all could be fixed.

They are not, however, problems that the American Health Care Act actually fixes. While Republicans have made several changes to the AHCA to cobble together a majority of House votes, the core of the bill remains the same: it offers stingier insurance to a narrower group of people.

This is because the AHCA does what Republicans want: it rolls back the ACA taxes. But under those circumstances, its simply not possible for the GOP to offer people the superior insurance coverage that it is promising.

The bill the House is voting on Thursday doesnt get rid of the ACAs tax credits to make it easier to buy health coverage, but it bases them on age, with younger people getting bigger credits, rather than income which means poorer Americans. especially elderly ones, will have a bigger tax burden and more difficulty affording the insurance they need.

Dont Like Obamacare It Was The Republicans Idea Says Liberal Democrat

Susan Jones

Robert Reich served as Labor Secretary for President Bill Clinton.

While Republicans plot new ways to sabotage the Affordable Care Act, its easy to forget that for years theyve been arguing that any comprehensive health insurance system be designed exactly like the one that officially began October 1st, glitches and all, said Robert Reich, who served as President Bill Clintons Labor Secretary.

Reich says Democrats should have insisted on a single-payer system because it would have been cheaper, simpler, and more popular.

In a blog at The Huffington Post website, Reich that Republicans have long argued for a health care system based on private insurance and paid for with subsidies and a requirement that the young and healthy people sign up. Democrats, he says, wanted to model health care reform on Social Security and Medicare, and fund it through the payroll tax.

Reich says President Richard Nixon in 1974, proposed, in essence, todays Affordable Care Act. Thirty years later, then-Massachusetts Gov. Mitt Romney, another Republican, made Nixons plan the law in Massachusetts.

Reich adds: When todays Republicans rage against the individual mandate in the Affordable Care Act, its useful to recall this was their idea as well, as proposed in 1989 by Stuart M. Butler of the Heritage Foundation.

Reichs blog is entitled, The Democrats Version of Health Insurance Would Have Been Cheaper, Simpler, and More Popular

Background On The Health Care Repeal Lawsuit

From the beginning, the Trump administration and allied leaders in Congress and state governments have been committed to dismantling the ACA and the consumer protections it confers by any means possible. The Trump administration has repeatedly key provisions of the landmark law by executive actions and other more covert tactics, including removing essential consumer information from federal websites and defunding outreach and enrollment programs intended to expand coverage. After several failed attempts by President Donald Trumps legislative allies to repeal and replace the ACA, Congress passed a tax bill in late 2017 that zeroed out the individual mandate penalty.

After the tax bill became law, Texas and other states filed a federal lawsuit, claiming that because the mandate had no financial penalty, it made the rest of the law unconstitutional. U.S. District Court Judge Reed OConnor accepted this reasoning and held that the entire law must be struck down in what one legal expert called a partisan, activist ruling. On appeal, a 5th U.S. Circuit Court of Appeals panel also in December that, following the tax bills change to the law, the individual mandate is unconstitutional. The panel then remanded the case back to Judge OConnor to determine which parts of the ACA, if any, can remain given their decision. Since that ruling, the Supreme Court has to hear the case during its upcoming term, and, for now, the ACA remains the law of the land.

Obamacare: Has Trump Managed To Kill Off Affordable Care Act

The Trump administration has ramped up its attack on the Affordable Care Act by backing a federal judge’s decision to declare the entire law unconstitutional.

For now, Obamacare is still standing. Around 4.1 million Americans have signed up for new plans so far this year, according to government reports, down 12% from last year.

At a rally this week, Mr Trump again promised his supporters: “We are going to get rid of Obamacare.” But how much has he delivered on that pledge so far?

Efforts To Repeal The Affordable Care Act

This article needs to be . The reason given is: Missing the May 2018 efforts. Please help update this article to reflect recent events or newly available information.

The following is a list of efforts to repeal the Affordable Care Act , which had been enactedby the 111th United States Congress on March 23, 2010.

This Is Also Why Republicans Might Drop Repeal

While mania for tax cuts is an important driver of the GOP push to repeal the Affordable Care Act, it might also ultimately be what leads them to abandon it. The healthcare debate has already taken more time than either Congress or the White House wanted and the bill hasnt even gotten to the Senate yet.

Meanwhile, many Republicans are itching to move on to their next priority: tax reform.

Republicans have a bunch of different tax plans floating around, but they all feature enormous tax cuts for wealthy households. Democrats will object, but they wont be able to stop the GOP from enacting a big tax cut. The only issue will be how large of an increase in the budget deficit do Republicans consider economically viable. Once thats decided, however, the tight linkage between the ACA and tax policy will be broken, since the entire rate structure will have already been rewritten in a way that makes the ACAs specific financing mechanism irrelevant.

No matter how the budget crunch gets resolved,however, the tax issue is the $500 billion elephant in the room. Its a key reason GOP leaders want repeal, a key reason theyve had trouble coming up with a popular replacement, and potentially a key reason theyll ultimately decide to move on to other matters. Talking about health care politics without talking about the revenue side misses an enormous part of the story.

Republican Views On Obamacare

The Republican Partys view on the Patient Protection and Affordable Care Actcommonly known as Obamacareis that its implementation was less about providing healthcare to millions, and more a result of power as the government sought to expand its reach over one sixth of the economy. The party claims that Obamacare has resulted in an attack on the Constitution of the United States because it requires U.S. citizens to purchase health insurance, and its impact on the health of the nation overall has been detrimental. The party is in agreement with the four Supreme Court justices who dissented in the ACA ruling. The justices stated, In our view, the entire Act before us is invalid in its entirety. As of 2012, the partys stance was that Obamacare was the result of outdated liberalism, and the latest in a series of attempts to impose upon the people of America a euro-style bureaucracy to micromanage all aspects of their lives. One of the partys biggest issues with Obamacare is its unpopularity among the peoplewhen polled on the subject, pluralities and even majorities often state they do not like the law.

Older Americans Could Have To Pay More

Enrollees in their 50s and early 60s benefited from Obamacare because insurers could only charge them three times more than younger policyholders. The bill would widen that band to five-to-one.

That would mean that adults ages 60 to 64 would see their annual premiums soar 22% to nearly $18,000, according to the Milliman study for the AARP. Those in their 50s would be hit with a 13% increase and pay an annual premium of $12,800.

Also, the GOP bill doesn’t provide them with as generous tax credits as Obamacare. A 60-year-old making $40,000 would get only $4,000 from the Republican plan, instead of an average subsidy of $6,750 from the Affordable Care Act, according the Kaiser study.

States could also receive waivers to allow insurers to charge older Americans even more than five times the premiums of the young.

Whats Dividing Republicans And Democrats On Healthcare Reform

Since the Affordable Care Act became law in 2010, Republicans have been determined to destroy it while Democrats insist its the countrys best chance at reforming healthcare to make it affordable and accessible. Both parties want reform, but the approach has been fundamentally different and for good reason. There are basic, core reasons why conservatives and liberals cant get on the same page when it comes to healthcare reform. Lets take a moment to dig into the details and figure out what is exactly keeping Republicans and Democrats from being able to find a middle ground on healthcare reform, so far.

Democrats want the federal government to legislate and administer healthcare while Republicans want private industry to helm the healthcare system with as minimal input from the federal government as possible.

Of course, there are always exceptions within each party because people arent one-dimensional. Moderates on both sides, for instance, would seek compromise wherever possible. But in general, these core ideological differences make healthcare reform particularly challenging, especially when one party holds more power. In 2010, Democrats passed the ACA without a single rightwing vote.

Repeal Of Obamacares Taxes Would Be A Huge Tax Cut For The Rich

This did not play a major overt public role in the 2009-10 debate about the law, but the Affordable Care Acts financing rests on a remarkably progressive base. That means that, as the Tax Policy Center has shown, repealing it would shower moneyon a remarkably small number of remarkably wealthy Americans.

The two big relevant taxes, according to the TPCs Howard Gleckman, are a 0.9 percent payroll surtax on earnings and a 3.8 percent tax on net investment income for individuals with incomes exceeding $200,000 . That payroll tax hike hits a reasonably broad swath of affluent individuals, but in a relatively minor way. The 3.8 percent tax on net investment income , by contrast, is a pretty hefty tax, but one that falls overwhelmingly on the small number of people who have hundreds of thousands of dollars a year in investment income.

Tax Policy Center

For the bottom 60 percent of the population that is, households earning less than about $67,000 a year full repeal of the ACA would end up meaning an increase in taxes due to the loss of ACA tax credits.

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

Under the actual AHCA, Jared Kushner would actually pay even less in taxes. As a young person, Kushner would get a larger tax to buy insurance under the AHCA than he does now.

New Threats & Potential Affordable Care Act Changes For 2019

To date, the ACA has been challenged in front of the Supreme Court twice. Judges upheld the constitutionality of the ACA both times. But now, a new effort to strike down the act is making its way through our legal system. Two Republican Governors and 18 Republican state attorneys general, led by Texas, initiated the lawsuit.

The lawsuit, Texas v. Azar, alleges the individual mandate of the Affordable Care Act is unconstitutional now that TCJA set the penalty tax to $0. In December 2018, a Texas district court judge agreed with the plaintiffs. The judge also concluded that the intent of lawmakers was that the individual mandate was essential to the ACA, and as such couldnt be severed from the larger text. Therefore, the entire ACA was unconstitutional and repealing it was appropriate.

But the ruling hasnt gone into effect yet. The judge is allowing the status quo to remain until all the appeals have been heard. In efforts to combat the ruling, and since the current administration is refusing to defend the law in court, 21 Democratic state attorneys general and the U.S. House of Representatives filed an appeal to challenge the ruling. In July, the Fifth Circuit Court of Appeals in New Orleans heard arguments in favor of overturning the original ruling. The court hasnt yet reached a decision, and most believe this lawsuit will eventually make its way to the Supreme Court.

Republicans Are Still Trying To Repeal Obamacare Heres Why They Are Not Likely To Succeed

Conservatives are still trying to repeal the Affordable Care Act even after the Republican-majority Congress failed to overturn the law in 2017. A coalition of conservative groups intends to release a new plan this summer. The groups will reportedly propose ending the laws expansion of Medicaid and convert Medicaid funding into block grants to the states. And just last week the Trump administrations Justice Department argued in a legal filing that key provisions of the law its protections for persons with preexisting conditions are .

Why are Republicans still trying to undo the ACA? We argue in a forthcoming that the laws political vulnerabilities and Republican electoral dynamics drive conservative efforts to uproot it.

In the past, conservatives have thrown in the towel

As politicians and political scientists both know, the can never be taken for granted. Even so, the duration and intensity of conservative resistance to the ACA is historically unusual. The ACA is a moderate law, modeled on that Republicans once supported, such as insurance purchasing pools. Whats more, many red states refuse to accept the ACAs funding to expand Medicaid to more of their citizens such as , which has a large number of uninsured residents even though you would think they would want those federal benefits.

So why is the ACA still politically vulnerable?

The answer lies partly in the way the program was designed.

Is repeal likely?

The Health Care Repeal Lawsuit Could Strip Coverage From 23 Million Americans

Nicole RapfogelEmily Gee

Tomorrow, the Trump administration and 18 Republican governors and attorneys general will file their opening briefs with the Supreme Court in California v. Texasthe health care repeal lawsuit. The lawsuit, criticized across the political spectrum as a badly flawed case, threatens to upend the Affordable Care Act and strip 23.3 million Americans of their health coverage, according to new CAP analysisabout 3 million more than was forecast before the coronavirus pandemic. The anti-ACA agitators who initiated the health care repeal lawsuit, backed by the Trump administration, continue their attempts to dismantle the ACA, including its coverage expansions and consumer protections, amid the pandemic, during which comprehensive health coverage has never been more important. Millions of Americans who have lost their jobs and job-based insurance due to the current economic crisis are relying on the insurance options made possible by the ACA to keep themselves and their families covered.

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statetalks · 3 years ago

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Why Do Republicans Want To Repeal The Affordable Care Act

Why Republicans Cant And Wont Repeal Obamacare

youtube

Editor’s Note:

This article was originally posted on Real Clear Health on January 16, 2017.

Slashing Ads And Budgets

Funding for the “navigator” programme, under which trained individuals or organisations help people sign up for insurance through Obamacare, has dropped from $62.5m to $10m under President Trump.

His administration has also cut Obamacare advertising spending to $10m – a 90% reduction.

According to a November 2018 Kaiser Health poll, 61% of Americans aged 18 to 64 said they did not know about any enrolment deadlines.

Republicans Want To Get Rid Of Obamacare But Then What

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EmbedEmbed

President Trump has vowed to repeal the Affordable Care Act, but Sarah Kliff of Vox.com says it’s “an overreach” to say that Republicans have a plan for what comes next.

DAVE DAVIES, HOST:

DAVIES: And where have we seen those pools before?

Board Of Governors Professor School Of Public Affairs & Administration

Repealing Obamacare Is A Huge Tax Cut For The Rich

For the bottom 60 percent of the population that is, households earning less than about $67,000 a year repeal of the ACA would end up meaning an increase in taxes due to the loss of ACA tax credits.

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

The Acas Protections Changed Public Opinion In Its Favor Republicans Are Keeping Up

Republicans have spent 10 years trying to kill the Affordable Care Act

Younger Americans Could Get Cheaper Plans

Obamacare was designed so that younger policyholders would help subsidize older ones. That would change under the Republican bill because it would allow insurers to charge older folks more.

Those under age 30 would also get a refundable tax credit of up to $2,000 to offset the cost of their premiums, as long as their income doesn’t exceed $215,000 for an individual.

Related: What’s inside the Republican health care bill?

Also, the bill keeps the Obamacare provision that lets young adults up to age 26 stay on their parents’ insurance plan.

This Is Why Republicans Couldnt Make A Better Replacement

These problems are all very real, and they all could be fixed.

Dont Like Obamacare It Was The Republicans Idea Says Liberal Democrat

youtube

Susan Jones

Robert Reich served as Labor Secretary for President Bill Clinton.

Reich says Democrats should have insisted on a single-payer system because it would have been cheaper, simpler, and more popular.

Reichs blog is entitled, The Democrats Version of Health Insurance Would Have Been Cheaper, Simpler, and More Popular

Background On The Health Care Repeal Lawsuit

Obamacare: Has Trump Managed To Kill Off Affordable Care Act

The Trump administration has ramped up its attack on the Affordable Care Act by backing a federal judge’s decision to declare the entire law unconstitutional.

For now, Obamacare is still standing. Around 4.1 million Americans have signed up for new plans so far this year, according to government reports, down 12% from last year.

At a rally this week, Mr Trump again promised his supporters: “We are going to get rid of Obamacare.” But how much has he delivered on that pledge so far?

Efforts To Repeal The Affordable Care Act

This article needs to be . The reason given is: Missing the May 2018 efforts. Please help update this article to reflect recent events or newly available information.

The following is a list of efforts to repeal the Affordable Care Act , which had been enactedby the 111th United States Congress on March 23, 2010.

This Is Also Why Republicans Might Drop Repeal

Meanwhile, many Republicans are itching to move on to their next priority: tax reform.

Republican Views On Obamacare

Older Americans Could Have To Pay More

Enrollees in their 50s and early 60s benefited from Obamacare because insurers could only charge them three times more than younger policyholders. The bill would widen that band to five-to-one.

States could also receive waivers to allow insurers to charge older Americans even more than five times the premiums of the young.

Whats Dividing Republicans And Democrats On Healthcare Reform

Repeal Of Obamacares Taxes Would Be A Huge Tax Cut For The Rich

youtube

Tax Policy Center

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

Under the actual AHCA, Jared Kushner would actually pay even less in taxes. As a young person, Kushner would get a larger tax to buy insurance under the AHCA than he does now.

New Threats & Potential Affordable Care Act Changes For 2019

Republicans Are Still Trying To Repeal Obamacare Heres Why They Are Not Likely To Succeed

Why are Republicans still trying to undo the ACA? We argue in a forthcoming that the laws political vulnerabilities and Republican electoral dynamics drive conservative efforts to uproot it.

In the past, conservatives have thrown in the towel

So why is the ACA still politically vulnerable?

The answer lies partly in the way the program was designed.

Is repeal likely?

The Health Care Repeal Lawsuit Could Strip Coverage From 23 Million Americans

Nicole RapfogelEmily Gee

source https://www.patriotsnet.com/why-do-republicans-want-to-repeal-the-affordable-care-act/

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actuarystudies · 6 years ago

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Intro Post

Hey guys!

I’ve moved from my old studyblr to this. Now this is a main account, so I can follow from here. The real reason I moved is I was tired of my other tumblr in general.

So if you know me from @yogistudent that’s so awesome!! Otherwise I’ll do an intro abt me now.

I’m Em, 20 from Canada

I love to bullet journal, go to the gym, watch sports, cooking, and reading

I’m in university, studying to be an actuary

I’m fluent in English and French, also intermediate in Spanish & I’m trying to learn Serbian (both alphabets)

I have this studyblr as a balance, to motivate me to get on top of my studies and be the best I can be

Since I did have a previous studyblr, I’ll tag some of my favorite blogs & mutuals!

@emmastudies 📚 @studyquill 📚 @studyign 📚 @rowanstudiesspace 📚 @inkoffe 📚 @imperialstudy 📚 @studynaire 📚 @thymemanagement 📚 @lanistudy 📚 @plantednotes 📚

💕 Since I don’t follow many people, if you’re an active studyblr reblog this so I can see you & I’ll follow. 💕

#originals #intro post

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logicpublishers · 3 years ago

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Old Mutual Actuarial Bursary 2022 | Requirements And How To Apply

Old Mutual Actuarial Bursary 2022… Are you looking for a way to apply for Old Mutual Actuarial Bursary 2022? If yes, then this informative article is for you. You will be given detailed information about Old Mutual Actuarial Bursary 2022 and How To Apply. At Old Mutual, they offer funding to study further for students who are passionate about becoming Actuaries. The bursary is offered to…

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opportunitywow · 3 years ago

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The Old Mutual Graduate Accelerated Programme (GAP) 2021/2022 for young South African graduates and postgraduate students

Application Deadline: August 31st 2021

Old Mutual is a premium African financial services organization that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.

The Old Mutual Graduate Accelerated Programme (GAP) is aimed at graduates and postgraduate students seeking invaluable work experience. Successful candidates will join us for a period of 18 months with a high prospect of becoming a permanent employee.

Benefits

Old Mutual will partner with you to craft a great career with Old Mutual that is in line with your career aspirations

Your voice is important to us and we will provide engagement platforms and tools to encourage meaningful dialogue

You’ll be exposed to a great culture based on diversity and inclusion that forms a strong foundation of our values

You’ll receive continuous coaching and development opportunities

You’ll gain access to industry experts as mentors and coaches

You’ll gain access to excellent learning and development opportunities

You’ll have an opportunity to make a difference in the communities in which we operateYou’ll benefit from a robust and structured programme

More Opportunities

Our graduates are appointed into various roles across Old Mutual’s businesses.

Are you currently doing a post graduate degree or in your final year of study in one of the below fields? If yes, then we are looking for you!

Commerce, Finance and Business Science (including Accounting, Investments,

Auditing and Tax)

Computer Science/Information Technology & Digital and Data Sciences

Marketing

Engineering

Mathematics and Statistics

Insurance Studies

Risk Management

Agricultural Sciences

We are inviting you to apply if you are interested in joining the Old Mutual family.

Minimum Requirements

Are you aged 26 or younger?

Are you a citizen/eligible to work in the country of application?

Are you able to work / relocate to any part of the continent?

Have you achieved a minimum of 65% average in your final year (across all subjects)?

Skills

EducationBachelor of Science Honours (BSc Hons): Actuarial Science

For More Information:

Visit the Official Webpage of the Old Mutual Graduate Accelerated Programme (GAP) 2021/2022

from WordPress https://ift.tt/3gWZTTA via IFTTT

#OpportunityWow

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yourlifeinsurance411 · 4 years ago

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New Post has been published on http://www.lowestpricetermlifeinsurance.com/index.php/2021/04/08/best-life-insurance-for-women/

Best life insurance for women

By Cynthia Paez Bowman Cynthia Paez Bowman's Twitter profile

mage Credit:

Tony Anderson/Getty Images

Women may have different considerations when it comes to life insurance, but both sexes have similar views about death. Haven Life’s survey found that most men and women both believe their deaths would have a “substantial impact” on their families. Men and women also agreed that losing a partner who is the primary caregiver or primary earner would have an equally negative impact on family life.

While men and women seem to agree about the effect of a loss on the family unit, there certainly is a gender gap in life insurance purchases. Roughly 67% of women have life insurance compared to 79% of men. Furthermore, women’s goals for how much life insurance would be ideal vs. the actual amount they invested in coverage was roughly half the amount of men’s.

Abby Reddy, CMO and co-founder of Quotacy, finds that “57% of our clients are men and 43% are women.” According to Reddy, “Many wives sign their husbands up for life insurance and add child riders to cover kids, but don’t purchase life insurance on themselves. This the gender gap in insurance coverage is something the industry has grappled with for years.”

Life insurance for women

Based on the statistics provided by Haven Life and Quotacy, women sell themselves short when it comes to coverage. Women own an average life insurance amount of $231,342, compared to a male’s $423,102.

Fears about the cost of coverage may be one of the top reasons. Allison Kade, the millennial money expert at Fabric, says, “When looking to buy life insurance, many women we’ve spoken to are concerned about affordability. For coverage, a big number like $500K could sound scary, but term life might not cost as much as you think. For example, based on a quote through Fabric for a 30-year-old female in excellent health located in Texas, it would only cost $44.78 per month for a $500K, 20-year policy.”

Using life insurance to leave loved ones a financial cushion is sensible, especially since many women fulfill both breadwinner and caregiver roles. But there are other reasons why more women should consider prioritizing life insurance. For instance, the right kind of life insurance coverage can level the gender inequality gap during a divorce.

Lauren Blair, a lawyer and insurance expert with FreeAdvice.com, has over 25 years of family law experience. She says, “Given the income disparities that continue to exist between men and women, it is important to make sure that the wife receives an equitable division of property and assets in a divorce.” A life insurance policy that is appropriately structured can be a beneficial, divisible asset.

A term life insurance policy has no cash value. “Term life insurance typically will not constitute a financial asset that has to be divided between spouses,” said Blair. Consequently, a term life policy is awarded in full to the owner.

A permanent life insurance policy might be a better solution. It builds cash value with every premium payment and is treated as an asset during a divorce. Blair explains, “In common law and community property states, permanent life insurance policies acquired during the marriage are generally treated as marital property and would be subject to equitable or equal division, depending on the divorce laws of the state.”

Regardless of whether you are buying life insurance to provide for your dependents should you pass or as a wealth and asset planning tool, life insurance has an important place in a woman’s financial plan.

Best life insurance companies for women

In the U.S., all states except Montana allow insurance companies to use gender as a basis for determining rates for all or some insurance policies. Since women tend to live longer and have fewer health risks than males, life insurance is generally cheaper for women. Nevertheless, Kade of Fabric Insurance affirms that: “Statistically, women tend to live longer, and rates are based on actuarial data. That said, many other factors contribute to the final cost of a policy, including lifestyle, health, personal details, and more.”

Everyone’s life insurance needs are different based on their circumstances, but we’ve done a little research to try and find some companies that may be a better fit for women who are looking for certain things in a life insurance policy:

Company Best for Protective Life Insurance Best for pregnant women State Farm Best for fast coverage with no medical check Prudential Best for high limits Northwestern Mutual Best for overall financial planning Principal Financial Best for diabetics

Protective

Protective Life Insurance might be a good option for pregnant women who would like to get coverage. Applying earlier in the pregnancy increases the odds of approval. If you plan on naming your infant as a beneficiary, be sure to appoint a guardian, as minor beneficiaries cannot receive a death benefit payout. If there is no guardian appointed, the courts will intervene to appoint one, which can be a long, expensive process.

Mothers-to-be should also consider adding a child rider to their policy once the baby is born. Protective child riders are available for infants as young as 15 days old and provide a death benefit should your child pass away. The rider may be convertible to a permanent policy, regardless of your child’s health, which could offer an affordable way to ensure your child for life while they are young and premiums are low.

State Farm

State Farm provides quick and easy online quotes for life insurance. Women looking for an instant-approval life insurance policy that does not require a medical exam should consider visiting the website to get a literate quote.

The process takes less than 10 minutes and guides you with tools and calculators, such as the Calculate My Life tool that helps you figure out how much life insurance you will need.

Prudential

If you are a high earner, calculate the amount of life insurance you might need by multiplying your income by five or ten years. If you end up with a large number, Prudential may be a good fit for you, as it allows policyholders to assign a benefit as large as $10 million. The company also offers three different types of universal life insurance that provide flexible options to build savings.

You will not have to worry about whether the funds will be there when your beneficiaries need it — Prudential has earned an A+ (Superior) in financial stability from the credit reporting agency A.M. Best.

Northwestern Mutual

Women who see life insurance as an essential component of their estate and financial planning should consider checking out Northwestern Mutual.

Northwestern Mutual’s dividend-earning whole and universal life policies offer some great savings options, and since it’s a mutual company, policyholders are eligible for dividends. Also, you will have access to a certified financial planner that can help you develop a financial plan that evolves as your policy’s cash value grows.

Principal Financial

About 15 million women in the U.S. are diagnosed with diabetes. A pre-existing medical condition makes it more difficult to buy life insurance, but Principal Financial is willing to work with women who suffer from the disease.

Principal underwrites individuals with adult-onset/Type 2 diabetes. Unlike many insurance companies, an applicant with diabetes may still receive standard, preferential pricing or second-tier premiums.

Types of life insurance for women

Life insurance falls into two main categories: permanent and term life. While the term is the cheaper option of the two and easier to obtain, it lacks long-term benefits due to its temporary period of 10 to 30 years. Permanent policies may be more expensive, but offer some features that may be better for women:

No expiration: As long as you pay your premiums and keep your policy up to date, your coverage will not lapse. This aspect is beneficial since women typically live longer than men.

Has a death benefit and cash value: The death benefit is the amount you leave to your beneficiaries. The cash value amount is similar to an investment that you can access and borrow from.

You have options: The cash value account can accrue interest similar to a savings account or can be invested in stocks or an index fund. It all depends on your risk tolerance.

Women who are shopping for a life insurance policy may want to speak with a licensed insurance agent or financial planner to decide which of these types of whole, or permanent, policies might be right for them:

Whole life insurance: The premiums are fixed, and the cash value of this type of policy earns interest similar to a savings account.

Universal life insurance: The premiums are flexible, and the cash value earns interest similar to a savings account.

Variable universal life insurance (VUL): The premiums are flexible, and the cash value can be invested in stocks, bonds, or mutual funds.

Everyone’s financial goals are different, and for some women, a term policy with cheaper premiums may be the better option. In addition to speaking with a licensed expert, it’s also a good idea to do a little research on life insurance companies and compare quotes to see what’s out there.

Frequently asked questions

What is the best life insurance company for women?

There are many life insurance companies to choose from, and everyone’s needs are different. Speak with a licensed insurance agent and shop around to compare rates and policy features to determine what is best for you.

Can a pregnant woman get life insurance?

Women can buy life insurance while pregnant, but there are a few things to consider. It’s usually a better idea to apply for a policy early in the pregnancy. Most insurance underwriters will not charge higher premiums if the changes to your body stay within normal parameters for a pregnant woman and if you do not have pre-existing conditions or a history of complicated pregnancies. Speak with a licensed insurance agent to learn more about the best way to approach life insurance when pregnant.

Can I name my unborn child as a beneficiary on my life insurance?

Many insurance companies will require you to wait until your infant is 15 days or older. When you name your child as a beneficiary, be sure to appoint a trustworthy guardian to manage the death benefit until the child is of legal age. If you do not, the courts will appoint one on your behalf, which could be expensive and time-consuming.

Mike Sheehan

#Best life insurance for women #term life insurance #whole life insurance

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zwischenstadt · 7 years ago

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Since the idea [of privatizing Medicare and Medicaid] couldn't be sold on its merits- why destroy a system that is universal, successful, and deeply popular?- it has to be sold deviously. At the core of the deception is the line that the system faces inevitable bankruptcy when the Baby Boomers begin retiring about 10 or 20 years into the next century. The official source of these projections is the annual reports of the Trustees of the Social Security System (Board of Trustees, Federal Old Age and Survivors Insurance and Disability Insurance Trust Funds 1995). As is common with such official efforts, the Trustees present three sets of projections, a gloomy one, an optimistic one, and a supposedly moderate one. Though there are a host of interrelated assumptions involved in each, the salient fact, buried in the report's tables, is that the Trustees assumed an economic growth rate over then next 75 years of 1.4% (down from 1.5% in the 1994 annual report)- half the rate seen in the previous 75 years, and a rate matched in only one decade in this century (1910-1920). Even the 1930s saw a faster growth rate (1.9%). My own simulations, using higher growth rates, show that with more reasonable growth assumptions- even a modest 2.0% growth rate, below the 2.3% average that prevailed between 1973 and 1995- the system is not facing insolvency. So either the Trustees are using deliberately bearish growth assumptions to promote public doubt of the system (a charge the System's actuary, Steve Goss, strongly denies), or are foreseeing 75 years of depression ahead of us. Big news, either way. ... The privatizers' model is the Chilean pension system, a creation of General Augusto Pincochet's Chicago-school dictatorship. The model, touted by both the Cato Institute and the World Bank, is centered on a kind of compulsory IRA scheme, in which all covered employees put 10% of their earnings into one of several approved mutual funds, which invest their holdings in the stock and bond markets. (Employers were relieved of having to make a contribution.) The infusion of money has done wonders for the Chilean stock market, but projections are that as many as half of future retirees will draw a poverty-level pension. For those at the low end, there remains a minimal public pension check, which offers recipients the equivalent of under $2 a day. Though proponents love to advertise 'efficiencies' of privatized systems, the Chilean system is hardly a model. The competing mutual funds have vast sales forces, and the portfolio managers all have their vast fees. All in all, administrative costs for the Chilean system are almost 30% of revenues, compared to well under 1% for the U.S. Social Security system. Even the 12-14% average administrative costs for the U.S. life insurance industry look efficient by comparison. Finally, the economics of a privatized system, which is inevitably centered on plowing money into the stock market, are pretty dodgy. When questioned, flacks from the libertarian Cato Institute- which is advised by the former Chilean cabinet minister who guided the transformation- make two points: the historical returns on stocks are higher than the implied return on Social Security, and money put into the stock market will promote real investment. As we've already seen, financial theory can't explain stock returns very well (the equity premium puzzle), and virtually no money put into the stock market goes into real investment. When confronted with these details, Cato's flacks sputter and mutter, but they have no solid answer other than to denounce the managerial skills of government bureaucrats. Flacks also profess great faith in the public's ability to manage its retirement portfolio, but even people with advanced degrees don't really understand the basic arithmetic of interest rates, much less the complexities of modern financial markets.

Doug Henwood. Wall Street: How it Works

#economics #political economy #welfare state #insurance #chile #pinochet #inequality #social security #doug henwood #medicare #medicaid

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insurance222-blog · 4 years ago

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20 Trailblazers Leading the Way in Level Term Life Insurance

Traditional Term Life Insurance - Level Term - Aaa Life ... - The Facts

You may be able to restore a term policy at its expiration, but the premiums will be recalculated for your age at the time of renewal. Term life policies have no value other than the ensured survivor benefit. There is no savings element as found in a entire life insurance product.

A healthy 35-year-old non-smoker can usually acquire a 20-year level-premium policy with a $250,000 face worth for $20 to $30 monthly. Getting an entire life equivalent would have substantially higher premiums, perhaps $200 to $300 per month. Because most term life insurance policies expire prior to paying a death advantage, the general threat to the insurer is lower than that of a permanent life policy.

When you think about the amount of protection you can get for your premium dollars, term life insurance tends to be the least expensive option for life insurance. Rate of interest, the financials of the insurance provider, and state guidelines can likewise impact premiums. In general, business typically provide much better rates at "breakpoint" protection levels of $100,000, $250,000, $500,000, and $1,000,000.

He buys a $500,000 10-year term life insurance policy with a premium of $50 per month. If George passes away within the 10-year term, the policy will pay George's recipient $500,000. If he passes away after he turns 40, when the policy has expired, his beneficiary will get no benefit. If he renews the policy, the premiums will be greater than with his preliminary policy due to the fact that they will be based on his age of 40 instead of 30.

An Unbiased View of Life Insurance - Whole Life And Term Life Insurance Quotes ...

Some policies do use ensured re-insurability (without proof of insurability), however such features, when offered, tend to make the policy expense more. There are a number of various types of term life insurance; the best choice will depend upon your specific scenarios. These offer protection for a specific duration ranging from 10 to 30 years.

Because actuaries must represent the increasing costs of insurance over the life of the policy's effectiveness, the premium is relatively greater than yearly renewable term life insurance. Yearly sustainable term (YRT) policies have no specified term, but can be renewed each year without providing evidence of insurability. The premiums alter from year to year; as the guaranteed individual ages, the premiums increase.

These policies have a survivor benefit that decreases each year, according to a predetermined schedule. The policyholder pays a repaired, level premium throughout of the policy. Decreasing term policies are typically utilized in show with a home mortgage to match the coverage with the decreasing principal of the home loan.

Parents might get big quantities of protection for fairly low costs. Upon the death of a moms and dad, the considerable benefit can replace lost income. These policies are likewise appropriate for individuals who temporarily need specific amounts of life insurance. For instance, the policyholder may calculate that by the time the policy expires, their survivors will no longer need additional monetary defense or will have built up enough liquid properties to self-insure.

Level Term Life Insurance Explained - Life Ant - Questions

The best choice for you will depend upon your requirements; here are some things to think about. Term life policies are ideal for people who want significant protection at low expenses. Entire life consumers pay more in premiums for less protection however have the security of understanding they are secured for life.

Upon renewal, term life insurance premiums increase with age and might become cost-prohibitive with time. In reality, renewal term life premiums may be more pricey than permanent life insurance premiums would have been at the problem of the original term life policy. Unless a term policy has actually ensured renewable policy, the business could decline to renew coverage at the end of a policy's term if the insurance policy holder established a serious disease.

Some clients choose long-term life insurance since the policies can have an investment or savings vehicle. A part of each premium payment is allocated to the cash value, which may have a development assurance. Some strategies pay dividends, which can be paid out or continued deposit within the policy.

youtube

There are likewise a number of unique tax benefits, such as tax-deferred money worth development and tax-free access to the money part. Financial consultants caution that the growth rate of https://www.avenueinsuranceplanners.com/life-insurance/level-term-life-insurance/ a policy with cash value is typically paltry compared to other financial instruments, such as mutual funds and exchange-traded funds (ETFs). Also, substantial administrative costs frequently cut into the rate of return.

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patriotsnet · 3 years ago

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Why Do Republicans Want To Repeal The Affordable Care Act

New Post has been published on https://www.patriotsnet.com/why-do-republicans-want-to-repeal-the-affordable-care-act/

Why Do Republicans Want To Repeal The Affordable Care Act

Why Republicans Cant And Wont Repeal Obamacare

Editor’s Note:

This article was originally posted on Real Clear Health on January 16, 2017.

Slashing Ads And Budgets

Funding for the “navigator” programme, under which trained individuals or organisations help people sign up for insurance through Obamacare, has dropped from $62.5m to $10m under President Trump.

His administration has also cut Obamacare advertising spending to $10m – a 90% reduction.

According to a November 2018 Kaiser Health poll, 61% of Americans aged 18 to 64 said they did not know about any enrolment deadlines.

Republicans Want To Get Rid Of Obamacare But Then What

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President Trump has vowed to repeal the Affordable Care Act, but Sarah Kliff of Vox.com says it’s “an overreach” to say that Republicans have a plan for what comes next.

DAVE DAVIES, HOST:

DAVIES: And where have we seen those pools before?

Board Of Governors Professor School Of Public Affairs & Administration

Repealing Obamacare Is A Huge Tax Cut For The Rich

For the bottom 60 percent of the population that is, households earning less than about $67,000 a year repeal of the ACA would end up meaning an increase in taxes due to the loss of ACA tax credits.

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

The Acas Protections Changed Public Opinion In Its Favor Republicans Are Keeping Up

Republicans have spent 10 years trying to kill the Affordable Care Act

Younger Americans Could Get Cheaper Plans

Obamacare was designed so that younger policyholders would help subsidize older ones. That would change under the Republican bill because it would allow insurers to charge older folks more.

Those under age 30 would also get a refundable tax credit of up to $2,000 to offset the cost of their premiums, as long as their income doesn’t exceed $215,000 for an individual.

Related: What’s inside the Republican health care bill?

Also, the bill keeps the Obamacare provision that lets young adults up to age 26 stay on their parents’ insurance plan.

This Is Why Republicans Couldnt Make A Better Replacement

These problems are all very real, and they all could be fixed.

Dont Like Obamacare It Was The Republicans Idea Says Liberal Democrat

Susan Jones

Robert Reich served as Labor Secretary for President Bill Clinton.

Reich says Democrats should have insisted on a single-payer system because it would have been cheaper, simpler, and more popular.

Reichs blog is entitled, The Democrats Version of Health Insurance Would Have Been Cheaper, Simpler, and More Popular

Background On The Health Care Repeal Lawsuit

Obamacare: Has Trump Managed To Kill Off Affordable Care Act

The Trump administration has ramped up its attack on the Affordable Care Act by backing a federal judge’s decision to declare the entire law unconstitutional.

For now, Obamacare is still standing. Around 4.1 million Americans have signed up for new plans so far this year, according to government reports, down 12% from last year.

At a rally this week, Mr Trump again promised his supporters: “We are going to get rid of Obamacare.” But how much has he delivered on that pledge so far?

Efforts To Repeal The Affordable Care Act

This article needs to be . The reason given is: Missing the May 2018 efforts. Please help update this article to reflect recent events or newly available information.

The following is a list of efforts to repeal the Affordable Care Act , which had been enactedby the 111th United States Congress on March 23, 2010.

This Is Also Why Republicans Might Drop Repeal

Meanwhile, many Republicans are itching to move on to their next priority: tax reform.

Republican Views On Obamacare

Older Americans Could Have To Pay More

Enrollees in their 50s and early 60s benefited from Obamacare because insurers could only charge them three times more than younger policyholders. The bill would widen that band to five-to-one.

States could also receive waivers to allow insurers to charge older Americans even more than five times the premiums of the young.

Whats Dividing Republicans And Democrats On Healthcare Reform

Repeal Of Obamacares Taxes Would Be A Huge Tax Cut For The Rich

Tax Policy Center

But people in the top 1 percent of the income distribution those with incomes of over about $430,000 would see their taxes fall by an average of $25,000 a year.

Under the actual AHCA, Jared Kushner would actually pay even less in taxes. As a young person, Kushner would get a larger tax to buy insurance under the AHCA than he does now.

New Threats & Potential Affordable Care Act Changes For 2019

Republicans Are Still Trying To Repeal Obamacare Heres Why They Are Not Likely To Succeed

Why are Republicans still trying to undo the ACA? We argue in a forthcoming that the laws political vulnerabilities and Republican electoral dynamics drive conservative efforts to uproot it.

In the past, conservatives have thrown in the towel

So why is the ACA still politically vulnerable?

The answer lies partly in the way the program was designed.

Is repeal likely?

The Health Care Repeal Lawsuit Could Strip Coverage From 23 Million Americans

Nicole RapfogelEmily Gee

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seoexpert332 · 4 years ago

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How Do I Get Them to Execute - Capable or Willing

This is the firm article in the series upon increasing employee effectiveness. We have explored the first four reasons that employees may not kill your instructions to their full potential. If you missed any of these articles, you can locate them on EzineArticles. This article discusses the fifth and firm question, is the employee proficient and/or amenable to attain the work? If you have definite that (1) the employee understands the objective, that (2) there are no roadblocks (internal to the company) keeping the employee from performing, that (3) the employee is adequately trained, and (4) that you have provided proper aspiration -- incapable and/or unwilling are the forlorn alternatives. However, the reply to this ask leaves the employer considering a definitely hard decision to make.

Tiger711

Sometimes the employee is not physically competent of con the work. Perhaps the job requires that the employee stack 35 lb boxes onto pallets or substitute a framing hammer for seven or more hours each day. Not everyone has the physical capabilities to discharge duty this type of strenuous reference book labor for lengthy intervals. subconscious skill next pertains to the achievement to concentrate and stay focused for long periods. ventilate traffic controllers, security guards and those that enter or evaluation data, write computer code and many new jobs carry this requirement.

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However, if the employee has tried categorically hard, but is not talented of play the job they were hired for, you may see within your meting out to locate a more suitable point of view for them. However, use this marginal in imitation of caution. Be positive that the employee's on your own issue was swine or mental skill and that the job you are disturbing them to will be in pedigree past their capability set. If not, you are atmosphere yourself and your dispensation up for a long grow old of frustration. It is bigger to help the employee to locate further employment in which they can be thriving rather than prolong the mutual suffering.

Managers can greatly move the skill of their employees. They can ensure employees have sure instructions, are clear of roadblocks, are trained and forced to succeed. However, if you find yourself afterward an employee who is either incapable or unwilling to attain the work, there is tiny you can realize to "fix" the situation. First, create positive you have done your part, and later be delightful to make the tough decision. You, your meting out and the employee will be augmented for it.

Polly White is the author of let Go to accumulate - Why Some Businesses flourish and Others Fail to accomplish Their Potential. She is afterward a Principal at Whitestone Partners, a management-consulting unchangeable specializing in helping little and midsized businesses build the infrastructure they dependence to go to profitability. She has more than twenty years of experience operating afterward companies to tally up the skills, behaviors and attitudes of their workforce. Her career has included roles in administration, human resources, curriculum and employee development. She is a noted author, speaker and learned who has worked for companies ranging from little start-ups to Fortune 10 corporations.

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