AmeriPrep Solutions ® LLC, announced today that its computer software, Financial GPS ® 2.1, is available for sale to the general public.
Grand Rapids, MI (PRWEB) May 19, 2008 -- AmeriPrep Solutions ® LLC, announced today that its computer software, Financial GPS ® 2.1, is available for sale to the general public.
Financial GPS is available at www.ameriprepsolutions.com
Since its inception in 2007, Financial GPS ® has provided users the ability to identify financial objectives in the privacy of their own homes. With the help of educational video tutorials, Financial GPS ® allows users to plan for retirement, identify debt pay-off tactics, and track spending and saving habits. It focuses on fiscal responsibility and promotes proper budgeting and saving to help users reach specific goals. "Will I outlive my money? Will I have to change my lifestyle upon retirement? These are questions many Americans ask themselves and this software provides them with the answers," stated director of sales, Brian Bartholomew.
AmeriPrep Solutions ® believes people need to be educated and shown how things like credit card debt can be dangerous to their long-term financial goals. "There are too many people that are accustomed to asking what the 'monthly payment' is as opposed to how much a product actually costs," quoted vice president of sales and marketing, Chris Yonker. "Offering a tool that teaches financial literacy has been our objective since day one. Financial GPS ® is the perfect tool," said Steve Eilers, vice president of information systems. The AmeriPrep Solutions ® founders believe Financial GPS ® is the tool to promote financial literacy and is hitting the market at the right time and in the right place.
The English/Spanish version of the software is available in hard copy or for download via the website www.ameriprepsolutions.com. AmeriPrep Solutions ® is a Grand Rapids, Michigan based corporation. Their flagship product was designed to help bring a conscious awareness to each individual's financial situation.
During this time, where good investments are hard to come by, some life insurance agents are touting permanent life insurance policies as an attractive alternative. However, AccuQuote.com, a leading provider of affordable term life insurance quotes, advises as with any "investment", it's important to know the pros and cons of permanent life insurance policies before deciding whether or not to buy one.
Wheeling, IL (PRWEB) May 19, 2008 -- During this time, where good investments are hard to come by, some life insurance agents are touting permanent life insurance policies as an attractive alternative. However, AccuQuote.com, a leading provider of affordable term life insurance quotes, advises as with any "investment", it's important to know the pros and cons of permanent life insurance policies before deciding whether or not to buy one.
The basic difference between term life insurance and permanent (whole or universal) is this: On the death of the insured, both term life insurance and permanent policies pay a death benefit to the named beneficiary. However, permanent life insurance plans include "living values" in the form of cash values. These values can be accessed in the form of policy loans, withdrawals, and also by surrendering the policy.
"A permanent life insurance policy is a type of 'forced savings' plan. However keep in mind, assuming the same death benefit, they premiums on these types of plans are generally 5-12 times as much as a level term life insurance policy," says Byron Udell, founder and CEO of AccuQuote. "A permanent policy will typically not work out well for you unless you're prepared to stick with it for a long time. Unfortunately, most people aren't able to afford the face amount of insurance they need to protect their family in a permanent insurance chassis. Even if they stretch their budget to buy permanent coverage, they often lose the faith and bail out too early. When this happens, they find out that they'd have been better off never having started the plan. They have no life insurance protection, and the surrender values add up to abysmal results on the 'investment' side of the transaction."
Udell prefers term life insurance for most people because it is affordable, making them less likely to lapse their policy. "The main purpose of having a life insurance policy should be to protect your family," says Udell. "Term life insurance accomplishes this need for a lot less. If you are determined to consider permanent coverage, you might consider the old adage, 'buy term life insurance and invest the difference'. Simply take the cost difference between a permanent policy and term life insurance policy and invest that money."
According to AccuQuote, at today's rates (which are the lowest in the history of life insurance), the annual premium for a 40-year-old male (non-smoker) in good health for a $500,000, 20-year term level term life insurance policy is only about $350!
To get a real sense of the value of term life insurance, let's compare term life insurance quotes and universal life quotes. A healthy 40-year-old nonsmoking male would have to pay about $3,000 per year to acquire a $500,000 universal policy. For the first few years, most of these policies have zero surrender value. But say he had instead invested $2,650 (the difference between $3,000, the cost of the universal policy, and $350, the cost of a term life insurance policy) in a mutual fund that averaged a total return of 10% annually. At the end of the first year, he'd have $2,841, accounting for taxes on the earnings at a 28% rate. At the end of 10 years, he would have accumulated more than $46,000 in after-tax savings in the mutual fund. Over the same period, the cash value of the policy would likely only have climbed only to about $21,558.
AccuQuote provides these tips when comparing term life insurance quotes:
Buy a term life insurance policy worth at least seven to ten times the breadwinner's annual salary
Buy from a reputable term life insurance company that is financially stable
Review life insurance needs every 2 to 3 years
AccuQuote helps consumers find the most affordable term life by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.
Providers of CareOne Credit Counseling Services offer some helpful, timely advice on how to effectively spend the money from your Economic Stimulus checks. The article also provides a simple explanation for how the Stimulus Package is intended to help the U.S. economy.
Baltimore, MD (PRWEB) May 19, 2008 -- CareOne Providers Share Free Tips on Getting the Most Out of Economic Stimulus Checks
Economic stimulus checks rolled out in early May to US consumers. Providers of CareOne Credit Counseling Services are offering free advice on spending and using that extra money, showing families and individuals how to get the most value and biggest benefits to them.
Many eligible US consumers have received, or will be receiving, economic stimulus checks from the government for amounts starting at $300. The concept of the economic stimulus checks is simple. Amidst the recent credit crunch, buying on credit has slowed down and less money is being exchanged in the marketplace. By giving money to consumers who will then spend it on various goods and services, the government hopes to increase the country's overall spending and consumption rates. Furthermore, because every dollar handed out by the government will be spent a countless number of times by various consumers, the effect of that one dollar is multiplied and has an even greater impact on economic growth.
For example, if a consumer receives a $1,000 economic stimulus check and spends it on clothing for the family, that $1,000 has now been introduced into the economy. In addition, these funds now represent new revenue for the retailer who sold the clothes. This cycle continues as portions of this money are spent on goods and services for the business itself. The store owner will also use a percentage of this $1,000 to pay his or her employees who, in turn, will spend a portion of their paycheck elsewhere, making further contributions to our economic growth.
CareOne Service providers want to help consumers better understand the economic stimulus package, enabling them to make more informed decisions on how to use their stimulus checks.
"Some consumers will receive their economic stimulus check and be tempted to go on a shopping spree," says CareOne Credit Counseling Services Spokesperson Clarky Davis. "Maybe they've wanted to buy a big screen television, make a down payment towards a new car, or even to take a vacation, but they didn't have the opportunity before receiving their stimulus check. On the surface, any spending would be good for the economy. Consumers should think about what's best for them. There are ways to use that extra money which could save or make them more money overall, help them get out of debt, or better prepare for their future."
CareOne Agencies offer the following ideas for using the funds from economic stimulus checks:
1. Use the money to pay down credit cards or other interest-bearing debts. Paying more now means saving more in interest payments, which can accumulate quickly.
2. Place all, or a portion, of the money into an interest-earning account or tax-saving account. By setting aside funds in this way for things like a child's future education, retirement, a new car or home, consumers can earn extra money on the deposit and save on income-tax payments.
3. Consider setting aside a part of the check exclusively for emergency expenses. This allows credit card spending to be avoided if a sudden need arises (such as car repairs).
"While politicians are hoping the economic stimulus package will improve the economy in the short run, consumers can use that money in whatever way benefits them the most, knowing they can still improve the economy in the long haul," says Davis. "By paying down credit cards or other bills, consumers keep that added interest payment amount in their own pockets to be spent later. By putting money into a retirement account, consumers are ensuring their ability to spend and bolster the economy in the future. By saving for a child's college education, that child has a better chance of securing a higher-paying job by getting their degree, leading to them spending more in the course of their lifetime. These 'little' choices now help the consumers in the moment and have the potential to help the economy on a grander scale."
About CareOne Credit Counseling Services:
CareOne Credit Counseling Services is a service mark of 3C Incorporated and is an industry leader committed to providing consumers with education and debt management services related to improving and maintaining their financial health. CareOne providers have helped over 4.5 million people pay down debts through their solid relationships with over 220,000 creditors. For more information about CareOne Credit Counseling Services, please visit www.CareOneCredit.com, or contact Clarky Davis at (410) 925-9769.