ALBANY -- Beginning Nov. 1, texting while driving and the use of other portable electronic devices while behind the wheel will be illegal.
Gov. David Paterson announced Thursday that he signed legislation to ban text-messaging while driving, a practice that has led to deadly automobile accidents involving teens in recent years.
"The risks associated with texting while driving are well documented," he said in a statement. "As we learn more and more about just how dangerous this practice can be, I urge all New Yorkers to drive with caution and get in the habit of putting their cell phones away while driving to protect their own lives and the lives of others."
The texting ban is one of 68 bills the governor signed this week. He vetoed 14 bills that would have cost the state more than $5.4 million.
Under the law that prohibits texting while behind the wheel, drivers will only receive fines for using portable electronic devices if they are pulled over for violating another law. The maximum fine is $150.
Seventeen states -- not including New York -- and the District of Columbia have laws that prohibit texting while driving, although several do not take effect until later in the year, according to the Governors Highway Safety Association. Nine states ban the practice for new drivers.
The new law also includes measures aimed at making teens safer drivers. It requires 30 additional supervised driving hours before new drivers can take a road test and reduces from two to one the number of passengers under 21 allowed in a vehicle with a new driver when a supervising adult is not present. Those sections of the law take effect immediately.
A number of high-profile cases of teens losing their lives in connecting with texting and driving helped spur the Senate and Assembly to pass legislation.
* In June 2007, five teenage girls from Perinton, Monroe County, died in a car crash.
* In December 2007, 20-year-old A.J. Larson of West Seneca, Erie County, was sending a text message and rolled through a stop sign and into the path of a garbage truck.
* This spring, 22-year-old Brandie Conklin of Eden, Erie County, had been text messaging her boyfriend when she crashed into a truck and died.
The texting-while-driving ban comes eight years after New York prohibited hand-held use of cell phones while driving.
Other bills signed into law by the governor this week include:
* Requiring that all residential dwellings, regardless of construction or sale date, be outfitted with a carbon monoxide detector. Amanda's Law, as it's called, is named after Amanda Hansen, a 16-year-old from West Seneca who died Jan. 17, 2009 from carbon monoxide poisoning because of a defective boiler. She was sleeping over at a friend's house at the time.
The law takes effect in 180 days.
* Requiring that all children under 8 to be in child restraint systems while riding in automobiles. Currently, children 4 through 6 have to be in special booster seats, as are children under 4 who weigh more than 40 pounds. The law takes effect in 90 days.
* Requiring utility corporations, energy-service companies, municipalities, telephone companies and cable television providers to provide large-print versions of billing statements if requested by a consumer.
* Eliminating the use of the term "oriental" in documents used by state agencies, public authorities and municipalities when referring to people of Asian or Pacific Islander heritage.
Paterson vetoed legislation sponsored by Assemblyman Richard Brodsky, D-Greenburgh, Westchester County, that would have established a War of 1812 200th anniversary commemoration commission. The state would have paid about $2.25 million over five years for the commission, based on the cost of similar commemoration panels in New York, the governor wrote in his veto.
The governor wrote that he supported the objectives of the bill, "But we do a great disservice to the people of this state if we fail to consider how we can meet these important obligations without exacerbating the current fiscal crisis."
Some of New York's War of 1812 historic sites are planning anniversary events, and more will likely do as 2012 draws closer, Paterson said. He is directing his staff to work with relevant state agencies to develop a framework for coordinating commemorative activities, he said.
Sunday, September 6, 2009
Online Defensive Driver Classes for New York and New Jersey Drivers
New York & New Jersey Online Defensive Driver Class
M.J.F. offers through its website defensive driver classes in the states of New York and New Jersey.
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information: http://www.mjfdefensivedriver.com/
M.J.F. offers through its website defensive driver classes in the states of New York and New Jersey.
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information: http://www.mjfdefensivedriver.com/
Saturday, September 5, 2009
Why Hagerty For Your Classic and Antique Cars?
MJF is an authorized Hagerty Representative. If you have any questions or would like to schedule an appointment please call 866-983-8726. MJF is licensed in five states. NY,NJ,CT,FL,and PA
Hagerty's one-of-a-kind benefits not only set us apart from standard insurance companies, but other specialty companies as well. Each of our policy features is based on our own personal experiences as collectors and on feedback we've received from fellow collectors at hundreds of car show and events all across the country.
Hagerty Collector Auto Policy Features
Low Premiums
Our rates are drastically lower than standard. For example: The standard rate on a '65 Mustang could hit $800/year. Hagerty's average premium on the same car? Just $150. And that's with full coverage - including liability.
Agreed Value Coverage
Better by far than ACV or Stated Value. In case of a total loss, your clients will receive the full amount for which they insured their vehicle.
No Deductible
In most states, your client pays nothing if he/she has a claim with a Hagerty – covered collector vehicle. We do, however, offer deductible options.
Single Liability Charge
No matter how many vehicles on a policy, your clients only pay a single liability charge.
Flexible Usage
Drivers can enjoy their classics with comfortable limits. A Hagerty policy allows for an occasional leisure drive, not just to parades or car events.
Hagerty Plus Membership
Your clients have the opportunity to join the nation's largest community of collector car enthusiasts, enjoy guaranteed flatbed roadside assistance, a quarterly magazine and more. Learn more.
In-House Claims Department
To guarantee every claim is handled by a collector insurance expert, the majority of claims are handled in-house, 7 days a week.
Repair Shop of YOUR Choice
Hagerty clients take their cars to their repair shop of choice.
Restoration Coverage
Protects your client's classic and its increasing value during an active restoration project.
Instant New Purchase Coverage
Unplanned purchases up to $50,000 receive immediate coverage on an existing Hagerty policy.
Business Use Endorsement
Collectors may use their cars for specific business or commercial uses for specified time frames.
Auto Show Medical Reimbursement
Offers predetermined medical coverage for your clients and their families when injured during an auto show or similar car related event.
Overseas Shipping/Foreign Touring Coverage
Hagerty can provide special coverage for vehicle(s) during overseas transit including cargo shipping, foreign liability and property damage. We can also coordinate coverage during your client's stay abroad.
Club Liability Program
Protect a club and its members from potential lawsuits, while enjoying the same great service and low rates enjoyed by all Hagerty clients.
Motorcycle Safety Equipment Coverage
This feature includes coverage of spare parts.
Additional Coverage
Hagerty can provide additional coverage for automobilia (collectible items linked to motor vehicles), automotive tools and spare parts—all items that go hand-in-hand with the collector vehicle hobby.
All coverages are not available in all states. This is only a general description of coverage. All coverage is subject to policy provisions, exclusions, and endorsements.
Hagerty's one-of-a-kind benefits not only set us apart from standard insurance companies, but other specialty companies as well. Each of our policy features is based on our own personal experiences as collectors and on feedback we've received from fellow collectors at hundreds of car show and events all across the country.
Hagerty Collector Auto Policy Features
Low Premiums
Our rates are drastically lower than standard. For example: The standard rate on a '65 Mustang could hit $800/year. Hagerty's average premium on the same car? Just $150. And that's with full coverage - including liability.
Agreed Value Coverage
Better by far than ACV or Stated Value. In case of a total loss, your clients will receive the full amount for which they insured their vehicle.
No Deductible
In most states, your client pays nothing if he/she has a claim with a Hagerty – covered collector vehicle. We do, however, offer deductible options.
Single Liability Charge
No matter how many vehicles on a policy, your clients only pay a single liability charge.
Flexible Usage
Drivers can enjoy their classics with comfortable limits. A Hagerty policy allows for an occasional leisure drive, not just to parades or car events.
Hagerty Plus Membership
Your clients have the opportunity to join the nation's largest community of collector car enthusiasts, enjoy guaranteed flatbed roadside assistance, a quarterly magazine and more. Learn more.
In-House Claims Department
To guarantee every claim is handled by a collector insurance expert, the majority of claims are handled in-house, 7 days a week.
Repair Shop of YOUR Choice
Hagerty clients take their cars to their repair shop of choice.
Restoration Coverage
Protects your client's classic and its increasing value during an active restoration project.
Instant New Purchase Coverage
Unplanned purchases up to $50,000 receive immediate coverage on an existing Hagerty policy.
Business Use Endorsement
Collectors may use their cars for specific business or commercial uses for specified time frames.
Auto Show Medical Reimbursement
Offers predetermined medical coverage for your clients and their families when injured during an auto show or similar car related event.
Overseas Shipping/Foreign Touring Coverage
Hagerty can provide special coverage for vehicle(s) during overseas transit including cargo shipping, foreign liability and property damage. We can also coordinate coverage during your client's stay abroad.
Club Liability Program
Protect a club and its members from potential lawsuits, while enjoying the same great service and low rates enjoyed by all Hagerty clients.
Motorcycle Safety Equipment Coverage
This feature includes coverage of spare parts.
Additional Coverage
Hagerty can provide additional coverage for automobilia (collectible items linked to motor vehicles), automotive tools and spare parts—all items that go hand-in-hand with the collector vehicle hobby.
All coverages are not available in all states. This is only a general description of coverage. All coverage is subject to policy provisions, exclusions, and endorsements.
Advantages of Providing an A.F.L.A.C. Plan For Your Business
Why Aflac?
In times of financial uncertainty, lowering costs while maintaining the quality of your small business is key. When it comes to finding a cost-efficient way to provide your employees with the benefits they need, Aflac can help. By making Aflac insurance policies available along with your major medical insurance, you can give your employees the kind of benefits they’d expect from a bigger company, on a small business budget.
Here's how you benefit:
Policies are 100 percent employee-paid, so there is no direct cost to your company.
Employee participation can lower taxable income and may reduce your overall share of FICA and FUTA taxes when premiums are paid with pre-tax dollars.
Aflac complements current HSA/HDHP arrangements by offering compatible plans.
Aflac helps attract and retain employees.
Aflac is designed to be easily administered, which means you’ll have more time to focus on running your business.
Aflac insurance complements your major medical insurance, to help you create a more attractive employee benefits package.
Here's how your employees benefit too:
Our policies are designed to provide cash benefits to your employees if they become injured or sick.
Employees are paid directly (unless they choose otherwise), usually within four days, to help cover expenses, such as rent and child care, and expenses not covered by major medical insurance, such as copayments and deductibles.
With Aflac policies, there are no deductibles, copayments, doctor networks, or pre-authorization requirements.
Premiums can be paid with pre-tax dollars through a Section 125 Cafeteria Plan.
To schedule and appointment call 866-983-8726. WE write in New York, New Jersey, Connecticut, Pennsylvania and Florida
In times of financial uncertainty, lowering costs while maintaining the quality of your small business is key. When it comes to finding a cost-efficient way to provide your employees with the benefits they need, Aflac can help. By making Aflac insurance policies available along with your major medical insurance, you can give your employees the kind of benefits they’d expect from a bigger company, on a small business budget.
Here's how you benefit:
Policies are 100 percent employee-paid, so there is no direct cost to your company.
Employee participation can lower taxable income and may reduce your overall share of FICA and FUTA taxes when premiums are paid with pre-tax dollars.
Aflac complements current HSA/HDHP arrangements by offering compatible plans.
Aflac helps attract and retain employees.
Aflac is designed to be easily administered, which means you’ll have more time to focus on running your business.
Aflac insurance complements your major medical insurance, to help you create a more attractive employee benefits package.
Here's how your employees benefit too:
Our policies are designed to provide cash benefits to your employees if they become injured or sick.
Employees are paid directly (unless they choose otherwise), usually within four days, to help cover expenses, such as rent and child care, and expenses not covered by major medical insurance, such as copayments and deductibles.
With Aflac policies, there are no deductibles, copayments, doctor networks, or pre-authorization requirements.
Premiums can be paid with pre-tax dollars through a Section 125 Cafeteria Plan.
To schedule and appointment call 866-983-8726. WE write in New York, New Jersey, Connecticut, Pennsylvania and Florida
Can My Credit Score Affect My Homeowners Premium
It pays to have a good credit history. Case in point: Homeowner insurance companies tend to give their better rates and terms to consumers who pay their bills and loans, in full, on time. A number of homeowner insurers weigh your credit history in making underwriting decisions, confirms Selective Insurance spokeswoman Cynthia B. Heismeyer who explains why.
"Insurance scores, based partially or wholly on your credit information, help insurers assess risk and charge the appropriate rate based upon that level of risk," observes Heismeyer, Selective Insurance`s assistant vice president of corporate communications.
"Statistically, it has been proven that people with poor insurance scores are more likely to file a claim," notes Heismeyer. "Historically, homeowners rates had been based on the characteristics of the structure itself. The insurance industry is now shifting the focus to include characteristics of the occupants, and insurance scores are one of those factors."
Heismeyer says that a credit-based "insurance score" from a consumer`s credit report is used to predict how often he or she is likely to file claims, and/or how expensive those claims will be. Heismeyer indicates that studies by insurance regulators, universities, independent auditors and insurance companies all have shown that an individual's credit history is a proven, strong indicator of how likely that person is to file a future claim.
Here are some basic facts about credit-based insurance scores, according to the Insurance Information Institute, of New York:
•They allow insurers to charge lower premiums to customers who are better risks.
•These types of scores are totally objective and "blind" - insurance scores never factor in a consumer's income, race, address, marital status, age or nationality.
•They promote competition, which means more choice for consumers.
Chubb doesn`t use credit-based scores in homeowners insurance underwriting decisions, but Chubb spokesman Mark Schussel points out that his company has "other ways to determine the acceptability of a risk." Chubb goes "beyond what`s contained in the insurance application," said Schussel who then gave an example.
For instance, Schussel says, the application doesn`t provide enough detailed information about the type of materials and craftsmanship used in a home as well as specific exposures a home faces and what steps a customer has taken to mitigate those exposures. That`s why we visit many of the homes that we insure."
Credit-based insurance scores are "blind" and objective, points out Lynn Knauf, director of personal lines for the Property Casualty Insurers Association of America, in Des Plaines, Ill. She stressed that credit-based insurance scores don`t consider a consumer`s race, nationality, income, marital status or location.
American Insurance Association`s Dave Snyder focused on what he described as one of the benefits of credit scores in the homeowners insurance equation. "They enable insurers to offer many more pricing levels than before," Snyder says. Citing example, Snyder noted that those with "good credit-based insurance scores can get lower premiums on their homeowners insurance than they could have, say, 10 years ago before credit scoring came to the forefront."
"The addition of credit scoring gives the homeowners insurance company a clearer idea on how to price a particular risk and in the process gives consumers assurance that they`re not paying more than they should for coverage," says Snyder, assistant general counsel for AIA in Washington, D.C.
Snyder believes that experience has shown that fiscally responsible consumers who have solid credit histories have fewer losses than those with spotty or poor financial track records. "From the insurer`s standpoint," observes Snyder, "credit information serves as an indicator as to how well a person manages financial risk. A person who keeps his finances in order tends to keep his or her home in good shape, and probably drive more safely as well. In addition, homeowners insurance losses for people with the worst credit tend to run much higher than that of consumers with the best insurance credit scores."
A final thought on credit scores comes from Safeco Insurance spokesman Paul Hollie. "Personal credit reports are available from several organizations, including Experian, Equifax and TransUnion. Reviewing your credit and cleaning up inaccuracies should be an annual ritual, no different than checking on your personal retirement accounts or checking your fire alarm batteries," says Hollie.
For a Homeowners quote in NY,NJ,CT,FLA or PA MJF can be reached at 866-983-8726
"Insurance scores, based partially or wholly on your credit information, help insurers assess risk and charge the appropriate rate based upon that level of risk," observes Heismeyer, Selective Insurance`s assistant vice president of corporate communications.
"Statistically, it has been proven that people with poor insurance scores are more likely to file a claim," notes Heismeyer. "Historically, homeowners rates had been based on the characteristics of the structure itself. The insurance industry is now shifting the focus to include characteristics of the occupants, and insurance scores are one of those factors."
Heismeyer says that a credit-based "insurance score" from a consumer`s credit report is used to predict how often he or she is likely to file claims, and/or how expensive those claims will be. Heismeyer indicates that studies by insurance regulators, universities, independent auditors and insurance companies all have shown that an individual's credit history is a proven, strong indicator of how likely that person is to file a future claim.
Here are some basic facts about credit-based insurance scores, according to the Insurance Information Institute, of New York:
•They allow insurers to charge lower premiums to customers who are better risks.
•These types of scores are totally objective and "blind" - insurance scores never factor in a consumer's income, race, address, marital status, age or nationality.
•They promote competition, which means more choice for consumers.
Chubb doesn`t use credit-based scores in homeowners insurance underwriting decisions, but Chubb spokesman Mark Schussel points out that his company has "other ways to determine the acceptability of a risk." Chubb goes "beyond what`s contained in the insurance application," said Schussel who then gave an example.
For instance, Schussel says, the application doesn`t provide enough detailed information about the type of materials and craftsmanship used in a home as well as specific exposures a home faces and what steps a customer has taken to mitigate those exposures. That`s why we visit many of the homes that we insure."
Credit-based insurance scores are "blind" and objective, points out Lynn Knauf, director of personal lines for the Property Casualty Insurers Association of America, in Des Plaines, Ill. She stressed that credit-based insurance scores don`t consider a consumer`s race, nationality, income, marital status or location.
American Insurance Association`s Dave Snyder focused on what he described as one of the benefits of credit scores in the homeowners insurance equation. "They enable insurers to offer many more pricing levels than before," Snyder says. Citing example, Snyder noted that those with "good credit-based insurance scores can get lower premiums on their homeowners insurance than they could have, say, 10 years ago before credit scoring came to the forefront."
"The addition of credit scoring gives the homeowners insurance company a clearer idea on how to price a particular risk and in the process gives consumers assurance that they`re not paying more than they should for coverage," says Snyder, assistant general counsel for AIA in Washington, D.C.
Snyder believes that experience has shown that fiscally responsible consumers who have solid credit histories have fewer losses than those with spotty or poor financial track records. "From the insurer`s standpoint," observes Snyder, "credit information serves as an indicator as to how well a person manages financial risk. A person who keeps his finances in order tends to keep his or her home in good shape, and probably drive more safely as well. In addition, homeowners insurance losses for people with the worst credit tend to run much higher than that of consumers with the best insurance credit scores."
A final thought on credit scores comes from Safeco Insurance spokesman Paul Hollie. "Personal credit reports are available from several organizations, including Experian, Equifax and TransUnion. Reviewing your credit and cleaning up inaccuracies should be an annual ritual, no different than checking on your personal retirement accounts or checking your fire alarm batteries," says Hollie.
For a Homeowners quote in NY,NJ,CT,FLA or PA MJF can be reached at 866-983-8726
Friday, September 4, 2009
New York & New Jersey Online Defensive Driver Class
www.mjfdefensivedriver.com
M.J.F. unveiled its website for online defensive driver classes in the states of New York and New Jersey on Friday August 28, 2009.
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information:
www.mjfdefensivedriver.com
www.mjfdefensivedriver.com
M.J.F. unveiled its website for online defensive driver classes in the states of New York and New Jersey on Friday August 28, 2009.
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information:
www.mjfdefensivedriver.com
What You Should Now About Workers Compensation
Here’s What You Should Know about Workers’ Compensation
Workers Compensation insurance is complex and confusing, especially for those who’ve just started their own businesses or are hiring employees for the first time.
Use these questions to determine if you need workers’ compensation insurance and to figure out how to obtain the best quotes:
Do you have employees?
If so, most states require you to obtain workers’ compensation insurance. workers’ compensation pays if a worker is injured on the job. Failure to comply may result in costly fines or lawsuits. Although requirements vary from state to state, once you hire your first employee, a business is required to obtain the insurance.
Do you conduct business across state lines?
While most states require Workers’ Compensation insurance for even one employee, other states allow up to five employees before requiring a small-business owner to obtain coverage. If you do business across state lines, you must comply with each state’s legal mandate.
Here are a few other facts to keep in mind:
• Independent contractors are exempt - usually.
• Married couples and family members might qualify. Unless a company is held in both names, hiring a family member often counts toward the number of employees.
• The type of industry might matter. Some states have different rules for different types of industries, such as contractors and construction workers.
• Keep an eye on subcontractors. Your business is ultimately responsible for any accidents or injuries that may take place on your property. Always verify that subcontractors are current on their own insurance coverage to avoid unwanted risk.
• One of the best ways to keep Workers’ Compensation rates low is to stay safe and implement a written safety policy. By keeping claims low, it is possible to reduce premiums.
For a Workers Compensation Quote please call 866-983-8726
Licensed in NY,NJ,CT,FL & PA
Workers Compensation insurance is complex and confusing, especially for those who’ve just started their own businesses or are hiring employees for the first time.
Use these questions to determine if you need workers’ compensation insurance and to figure out how to obtain the best quotes:
Do you have employees?
If so, most states require you to obtain workers’ compensation insurance. workers’ compensation pays if a worker is injured on the job. Failure to comply may result in costly fines or lawsuits. Although requirements vary from state to state, once you hire your first employee, a business is required to obtain the insurance.
Do you conduct business across state lines?
While most states require Workers’ Compensation insurance for even one employee, other states allow up to five employees before requiring a small-business owner to obtain coverage. If you do business across state lines, you must comply with each state’s legal mandate.
Here are a few other facts to keep in mind:
• Independent contractors are exempt - usually.
• Married couples and family members might qualify. Unless a company is held in both names, hiring a family member often counts toward the number of employees.
• The type of industry might matter. Some states have different rules for different types of industries, such as contractors and construction workers.
• Keep an eye on subcontractors. Your business is ultimately responsible for any accidents or injuries that may take place on your property. Always verify that subcontractors are current on their own insurance coverage to avoid unwanted risk.
• One of the best ways to keep Workers’ Compensation rates low is to stay safe and implement a written safety policy. By keeping claims low, it is possible to reduce premiums.
For a Workers Compensation Quote please call 866-983-8726
Licensed in NY,NJ,CT,FL & PA
Thursday, September 3, 2009
Tips to Buying Life Insurance
Tips to Help You Choose Life Insurance
When it comes to life insurance, opinions tend to take precedence over the facts; term life insurance is viewed as affordable, while whole life insurance is considered secure.Unfortunately, like most things in life, the actual situation is somewhat more complex.Discover the truth about whole life insurance and whether or not it is the right move for your portfolio, based on these facts.
Permanent Coverage
Unlike term life insurance, whole life policies are permanent.
Once the initial term is completed, term life coverage might actually become more expensive, whereas whole life tends to become more competitively priced over the long run.
All or Nothing
Whole life insurance offers a death benefit just like term life but also provides additional protection in the form of “cash value.” Unlike a term life policy that pays nothing unless you die, whole life policies allow you to recapture or “cash in” a portion of what you invested over the years.
Additional Savings
Another attractive feature of whole life insurance is the ability to borrow from the policy in the event you need a loan. Because a portion of the money is set aside into a savings account, whole life policies are able to provide additional funds in the event of an emergency or even serious illness.
Bottom Line
Most experts agree, if you are short on cash or need a policy for less than 10 years, term life insurance is typically the most affordable route. For those who require more than 10 years of coverage or are able to invest a larger portion of their income up front, whole life often provides valuable protection over the long term. Ask your agent for a comparative price quote demonstrating the long-term cost as well as the benefit of each policy option; you might be surprised to learn how affordable whole life insurance is when used as a financial planning tool.
Contact M.J.F. to review your current Life InsurancePolicies
866-983-8726 or at mjfinsagencyinc@yahoo.com.
We are licensed in N.Y, N.J., Connecticut.,Florida and Pennsylvania for all lines of business
When it comes to life insurance, opinions tend to take precedence over the facts; term life insurance is viewed as affordable, while whole life insurance is considered secure.Unfortunately, like most things in life, the actual situation is somewhat more complex.Discover the truth about whole life insurance and whether or not it is the right move for your portfolio, based on these facts.
Permanent Coverage
Unlike term life insurance, whole life policies are permanent.
Once the initial term is completed, term life coverage might actually become more expensive, whereas whole life tends to become more competitively priced over the long run.
All or Nothing
Whole life insurance offers a death benefit just like term life but also provides additional protection in the form of “cash value.” Unlike a term life policy that pays nothing unless you die, whole life policies allow you to recapture or “cash in” a portion of what you invested over the years.
Additional Savings
Another attractive feature of whole life insurance is the ability to borrow from the policy in the event you need a loan. Because a portion of the money is set aside into a savings account, whole life policies are able to provide additional funds in the event of an emergency or even serious illness.
Bottom Line
Most experts agree, if you are short on cash or need a policy for less than 10 years, term life insurance is typically the most affordable route. For those who require more than 10 years of coverage or are able to invest a larger portion of their income up front, whole life often provides valuable protection over the long term. Ask your agent for a comparative price quote demonstrating the long-term cost as well as the benefit of each policy option; you might be surprised to learn how affordable whole life insurance is when used as a financial planning tool.
Contact M.J.F. to review your current Life InsurancePolicies
866-983-8726 or at mjfinsagencyinc@yahoo.com.
We are licensed in N.Y, N.J., Connecticut.,Florida and Pennsylvania for all lines of business
Business Continuation Insurance -Keep Your Business Running!
Keep Your Company Running with Business Insurance
One of the most frightening aspects of running your own business is the loss of income should the unexpected happen. Fortunately, small-business owners may be able to reduce the risk of financial hardship by purchasing business income insurance.
Business income insurance helps cover the cost of putting your business back together during a major interruption due to property destruction, interruption of sales or other production issues resulting from a covered loss.
Depending upon your type of business and the level of loss sustained, business income insurance may provide the cash you need to remain in operation or get back on your feet without breaking the bank. Combined with extra expense insurance, it may even be possible to cover both your normal routine operating costs and additional expenses, including investments required to keep your business in the black.
To purchase business income insurance, it’s a good idea to schedule an appointment with your insurance agent. Explain your desired level of coverage, including cash or other liquid reserves that could be used in the event of an emergency. Don’t forget to consider deductibles and other fees that must be paid in the event of a claim; it’s always better to have a little extra cash on hand than too little, especially during uncertain economic times.
Finally, keep in mind that business income insurance provides protection for needs related to the business itself - not individual living expenditures. If you don’t have at least six to twelve months of cash on hand for your personal reserves, be sure to ask your agent about coverage designed to help pay your monthly bills.
One of the most frightening aspects of running your own business is the loss of income should the unexpected happen. Fortunately, small-business owners may be able to reduce the risk of financial hardship by purchasing business income insurance.
Business income insurance helps cover the cost of putting your business back together during a major interruption due to property destruction, interruption of sales or other production issues resulting from a covered loss.
Depending upon your type of business and the level of loss sustained, business income insurance may provide the cash you need to remain in operation or get back on your feet without breaking the bank. Combined with extra expense insurance, it may even be possible to cover both your normal routine operating costs and additional expenses, including investments required to keep your business in the black.
To purchase business income insurance, it’s a good idea to schedule an appointment with your insurance agent. Explain your desired level of coverage, including cash or other liquid reserves that could be used in the event of an emergency. Don’t forget to consider deductibles and other fees that must be paid in the event of a claim; it’s always better to have a little extra cash on hand than too little, especially during uncertain economic times.
Finally, keep in mind that business income insurance provides protection for needs related to the business itself - not individual living expenditures. If you don’t have at least six to twelve months of cash on hand for your personal reserves, be sure to ask your agent about coverage designed to help pay your monthly bills.
Coverage to Protect Your Business on the Rainiest of Days
Accidents happen - so savvy small-business owners plan for the unexpected by purchasing business umbrella insurance.
A business umbrella policy provides additional protection above and beyond the basics.It’s different from a standard business liability policy that protects you up to a given amount.
For example, if your current liability policy provides $1 million of protection but you were successfully sued for more, the umbrella policy would cover the additional amount up to the policy limit.
Business umbrella policies are an excellent way to provide protection against costly lawsuits resulting from a wide variety of potential threats. Those threats can include things such as:
• Driving accidents that result in multiple claims or extensive types of damage• Professional service errors resulting in inadvertent destruction or corruption of data• Unknown defects in workmanship or other errors that result in multiple lawsuits or claims• Other unanticipated events leading to a loss of life, property damage or other injuries
Many factors are involved in deciding on the appropriate level of business umbrella insurance to purchase, including the amount of existing coverage, industry, profitability and personal assets at stake.
Contact Michael at M.J.F. Insurance to discuss options and obtain a quote for various coverage amounts.
Accidents happen - so savvy small-business owners plan for the unexpected by purchasing business umbrella insurance.
A business umbrella policy provides additional protection above and beyond the basics.It’s different from a standard business liability policy that protects you up to a given amount.
For example, if your current liability policy provides $1 million of protection but you were successfully sued for more, the umbrella policy would cover the additional amount up to the policy limit.
Business umbrella policies are an excellent way to provide protection against costly lawsuits resulting from a wide variety of potential threats. Those threats can include things such as:
• Driving accidents that result in multiple claims or extensive types of damage• Professional service errors resulting in inadvertent destruction or corruption of data• Unknown defects in workmanship or other errors that result in multiple lawsuits or claims• Other unanticipated events leading to a loss of life, property damage or other injuries
Many factors are involved in deciding on the appropriate level of business umbrella insurance to purchase, including the amount of existing coverage, industry, profitability and personal assets at stake.
Contact Michael at M.J.F. Insurance to discuss options and obtain a quote for various coverage amounts.
New York & New Jersey Online Defensive Driver Class
M.J.F. unveiled its website for online defensive driver classes in the states of New York and New Jersey on Friday August 28, 2009.
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information: www.mjfdefensivedriver.com
The classes are Department of Motor Vehicle approved. In New York drivers qualify for a reduction of up to 4 points on their licenses and a 10% insurance premium reduction for a total of 3 years. The N.Y. online course is newly approved by the Department of Motor Vehicles.
The New Jersey class qualifies drivers for a mandatory insurance discount which varies by carrier and up to a 2 points removed from your license. You may take this class once every five years.
New Jersey also offers a Mature Driver program online for drivers over the age of 50. This also qualifies for a premium reduction on your auto policy.
You can go to the site for more information: www.mjfdefensivedriver.com
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