Value Place eyes Sunport Hotel
Dallas’ Quanah Hospitality has acquired a 1.83 acre parcel at Mulberry and San Jose SE in Albuquerque with the intent to build a Value Place extended-stay hotel.
Mesa Capital names new CEO for ClingZ
Moritz Schlenzig of Mesa Capital Partners has taken over as CEO of Rio Rancho-based ClingZ Inc.
LANL pledges $2 million to United Way
Los Alamos National Laboratory employees have pledged a record $1 million in new donations to United Way programs in northern New Mexico and Santa Fe.
General Growth gets loan extension
General Growth Properties Inc., owner of Coronado Center in Albuquerque, New Mexico's largest covered shopping mall, has received a two-week extension on $900 million in mortgage loans that came due on Friday. (GGP)
Presbyterian considers more Westside land
Presbyterian Healthcare Services is on the hunt for additional land on the Westside of the Duke City and will most likely make a four acre acquisition early in 2009, according to Jim Jepson, administrative director of real estate at the hospital.
Inn of the Anasazi names new director
Andrea Gates has been named the new managing director of the Inn of the Anasazi in Santa Fe.
Dallas businessman to chair SBA board
A Dallas business owner has been named chairman of the regulatory fairness board for the region of the U.S. Small Business Administration that includes New Mexico.
Albany Int?l Corp. to waive $7.4M in Eclipse debt
Menands manufacturer Albany International Corp. has said it will have to waive up to $7.4 million in unpaid bills charged to bankrupt jet company Eclipse Aviation Corp. (AIN)
NRF reports Black Friday results
More than 172 million shoppers visited stores and Web sites over the Black Friday weekend, up from 147 million shoppers last year. Spending in the West was below other parts of the country, according to the National Retail Federation’s 2008 Black Friday Weekend survey, conducted by BIGresearch. Discounters reported the most traffic.
Symphony cuts $200,000 from budget
Faced with a severely weakened economy, the New Mexico Symphony Orchestra is cutting more than $200,000 from its budget for the current season.


and guaranteed by the company not to increase. Whereas, reviewable premiums are subject to regular reviews, usually every five years and can be increased at the insurer’s discretion. Yes, guaranteed premiums are more expensive than reviewable rates but they should be seriously considered, especially if you intend to take out a policy for ten years or more. This is because the amount of each potential premium review increase is likely to rise the older you get.

In reality, a more accurate guide to the best value cover is to match the right policy to your need for protection. Another good example is the popularity of lump sum cover when applying for a life policy for family protection. A lump sum plan is fine if you need to provide large sums to pay off debts such as a mortgage. True family protection is more about ensuring that an income is provided to replace that lost on the death of the main income earner. When a lump sum policy is used for family protection the potential problem is how to generate the required income from the lump sum. Where should it be invested for maximum return and will the income generated be subject to tax? Plus will it be sufficient to meet the financial needs of the surviving dependants?

In many cases, a more suitable solution is protection that’s designed to pay a regular income to the end of the required term. Also known as Family Income Benefit this cover has many advantages over it's lump sum alternative. One of it's major pluses is that it’s usually cheaper than a like for like lump sum policy as the risk to the company decreases over the policy term. For example, a 20 year level term assurance plan for £100,000 will cost the company £100,000 if a claim is paid at any time up until the end of the policy term.

Compare this to a Family Income Benefit policy providing an annual income benefit of £10,000 over the same 20 year term which could potentially cost the insurer £200,000 if a claim was made shortly after inception. In practice this is unlikely so the risk to the insurer decreases with each year the policy remains in force. If a claim was made at year 10 the insurer would have to pay the annual income for the next 10 years at a lower cost of £100,000.

Another feature of Family Income Benefit is that the annual income can be paid on an increasing or indexed basis if selected from inception. The effect of this option is that the real value of the cover is maintained and not eroded by inflation over time.

So overall, Family Income Benefit can be an almost perfect solution to protecting your dependents financially from the premature death of a vital family breadwinner. Not only is it often the cheapest form of family protection but also currently provides the annual income benefit totally free of tax.

To Summarise:-

•If you can afford it, choose guaranteed premiums
•Consider if an income benefit would be more suitable

Article Source: Articles Beyond Better

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