Browsing Category: "Financial Press Release"

AmeriPrep Solutions Helps Remove Financial Illiteracy from America

Wednesday, May 28th, 2008 | Financial Press Release

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
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.

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AccuQuote.com, a Leading Provider of Affordable Term Life Insurance Quotes, Offers Advice on Using Life Insurance as an Investment

Wednesday, May 28th, 2008 | Financial Press Release

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.

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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:

  • Comparison shop but don't get lured by a "come on" life insurance rate
  • 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

About AccuQuote
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.

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New Consumer Advocacy Group Promises to Assist with Credit and Financial Recovery, Rebuilding and Maintenance

Wednesday, May 28th, 2008 | Financial Press Release

The National Association for Credit Responsibility and Advocacy (NACRA) was founded in 2007 by Luis O. Rodriguez and is headquartered in Coral Springs, Fla. NACRA is a consumer-friendly association whose mission is to help consumers recover, rebuild, and then maintain their good credit and good name. As part of their "Credit and Financial-Direction and Protection" plan, NACRA provides benefits and services dedicated to accomplishing and realizing this goal. To learn more visit www.nacraonline.org or call 954.340.5894.

Coral Springs, Fla. (PRWEB) May 19, 2008 -- Last year over two million people filed for personal bankruptcy, foreclosures jumped 75% to more than 2.2 million filings, and unemployment claims surged in the latest weeks to the highest level since September 2005. These adverse economic conditions coupled with a study conducted by the PIRG (Public Information Group), of Washington, D.C., which revealed that 79% of credit reports contained either serious errors or mistakes of some kind, are indicative of a consumer credit crisis.

NACRA LOGO
NACRA LOGO

In tough economic times, people who are qualified to receive credit that will help stimulate the sluggish U.S. economy find themselves being denied loans, insurance, and employment opportunities because of inaccurate and negative credit information being made available by credit reporting bureaus.

A new consumer advocacy organization, The National Association for Credit Responsibility and Advocacy (NACRA), based in South Florida has been founded with the singular goal of helping consumers recover, rebuild, and then maintain their good credit and name by providing members with benefits and services in order to build a 'Credit and Financial-Direction and Protection' plan for them, moving forward.


"Consumer credit scores have taken on even more importance in a consumer culture and economy increasingly based on credit use," commented NACRA founder Luis O. Rodriguez. "By employing affiliated attorneys, experienced in consumer law to audit members credit reports, our members are provided with legal representation to the three major national credit bureaus as well as debt collectors and others in removing inaccurate and negative items from their credit reports."

"The difference of having an experienced consumer law attorney working for members through this process is invaluable and will make all the difference in their lives and their financial future, moving forward," pointed out Rodriguez.


This expert legal representation forNACRA members is just one powerful component of several that distinguishes NACRA from credit recovery services. By offering Free ID theft protection and credit monitoring, Financial Education and Guidance, Tax Advice- Preparation and Audit, Legal Representation, and many more benefits and services bundled into their membership, NACRA ensures that the culmination is a financially healthier, stable, and educated consumer, ready and prepared to successfully re-join the credit economy.

"I understand how difficult, frustrating, and time consuming it can be dealing with the credit bureaus and I wanted to create a service people could turn to for guidance, assistance, and answers," said Rodriguez. "We are really excited about moving forward with our other consumer-minded services, such as I.D. Theft Protection and Credit Monitoring."

NACRA also has an online resource library of articles about credit scores, credit reports, identity theft and debt, among others. This resource is meant to answer important questions consumers have regarding their credit and will be available for use by non-members as well at www.nacraonline.org.

More information about NACRA
The National Association for Credit Responsibility and Advocacy (NACRA) was founded in 2007 by Luis O. Rodriguez and is headquartered in Coral Springs, Fla. NACRA is a consumer-friendly association whose mission is to help consumers recover, rebuild, and then maintain their good credit and good name. As part of their "Credit and Financial-Direction and Protection" plan, NACRA provides benefits and services dedicated to accomplishing and realizing this goal. To learn more visit www.nacraonline.org or call 954.340.5894.

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