M.J.F. can now offer Canine Legal Liability Insurance.
Provides liability and medical payments coverage for bodily injury and property damage caused by an elidgible dog owned by the insured.
Fills the gap caused by dog liability exclusions found in many personal lines policies.
Provides worldwide protection with $100,000 combined single limit and a $500 deductible
Offer a multi dog discount, limited to two dogs
For more information and a quote call M.J.F. Insurance at 866-983-8726
Sunday, October 25, 2009
No License / No Permit - Should I Be Charged Additional Premium For My 16 Year Old
I recently read a story about a company that charged additional premium for a 16 year old who did not hold a learners permit and obviously is an unlicensed driver.
Under typical rules you should not be charged for a youthful driver unless they are a resident of the household and operate a vehicle. Youths who are not licensed or operating an auto under a learners permit cannot be an operator of an auto and should not be rated on the policy until they obtain a a learners permit or become licensed.
Under typical rules you should not be charged for a youthful driver unless they are a resident of the household and operate a vehicle. Youths who are not licensed or operating an auto under a learners permit cannot be an operator of an auto and should not be rated on the policy until they obtain a a learners permit or become licensed.
Online 6 Hour Defensive Driver Training Class For N.Y. and N.J. Drivers
New York & New Jersey Online Defensive Driver Class
http://www.mjfdefensivedriver.com/
Price just reduced to $40!
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:
http://www.mjfdefensivedriver.com/
http://www.mjfdefensivedriver.com/
Price just reduced to $40!
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:
http://www.mjfdefensivedriver.com/
Cyber Criminals Targeting Small Businesses
According to Michael Merrritt, Assistant Director of the U.S. Secret Services office of Investigations, cyber criminals are increasingly targeting small and medium sized businesses that don't have the ability to keep updating computer security.
Merritt, in testimony prepared for the Senate Homeland Security and Governmental Affairs, said that as larger companies have taken on more sophisticated computer network protection, cyber criminals have adapted and gone after the smaller businesses that do not have such high level security.
M.J.F. offers coverage for such events at a very reasonable premium. For more information please call M.J.F at 866-983-8726. We are licensed in NY, NJ,CT,Pa and Fla.
Merritt, in testimony prepared for the Senate Homeland Security and Governmental Affairs, said that as larger companies have taken on more sophisticated computer network protection, cyber criminals have adapted and gone after the smaller businesses that do not have such high level security.
M.J.F. offers coverage for such events at a very reasonable premium. For more information please call M.J.F at 866-983-8726. We are licensed in NY, NJ,CT,Pa and Fla.
Texting While Driving New Concern For Employers
Employers are concerned that they may be held liable for accidents caused by their employees while drivng and conducting work related conversations on cell phones. Under the doctrine of vicarious responsibility the employer can be held liable for negligent acts of their employees committed in the course of employment.
Employers can also be held accountable if they do not have a policy in place for safe use of cell phones. It has become more common for employers to put into action a cell phone policy to protect the business from potential liability. Some of these policies allow the use of cell phones as long as the employee pulls over to the side of the road or into a parking lot. While other policy mahe workers prohibit the use of cell phones altogether in the work vehicle.
This information was recently released from the Insurance Information Institute.
Employers can also be held accountable if they do not have a policy in place for safe use of cell phones. It has become more common for employers to put into action a cell phone policy to protect the business from potential liability. Some of these policies allow the use of cell phones as long as the employee pulls over to the side of the road or into a parking lot. While other policy mahe workers prohibit the use of cell phones altogether in the work vehicle.
This information was recently released from the Insurance Information Institute.
Friday, October 2, 2009
Business Continuation / Protection Insurance
If you are like most business owners then you are not carrying the proper coverage to ensure your business can survivie beyond a sustained loss!
The U.S. Fire Administration and National Fire Protection Association statistics indicate that up to 130,000 business related structures suffer fire damage every year. About one structure every 5 minutes. Approximately 25 - 33 % of those business' either never reopen or close shortly after they reopen. The reason is they didn't have Business Income Protection.
Without income no business can survive long. Business Income and extra expense coverage are the most important property coverages an insured can buy.
Is your business protected? Would you have enough coverage if you were to suffer a loss.
For a free review and quote you can contact MJF at 866-983-8726
or e mail us at mjfinsagencyinc@yahoo.com
We also offer the online Defensive Driver classes for NY and NJ drivers
at
http://www.mjfdefensivedriver.com
The U.S. Fire Administration and National Fire Protection Association statistics indicate that up to 130,000 business related structures suffer fire damage every year. About one structure every 5 minutes. Approximately 25 - 33 % of those business' either never reopen or close shortly after they reopen. The reason is they didn't have Business Income Protection.
Without income no business can survive long. Business Income and extra expense coverage are the most important property coverages an insured can buy.
Is your business protected? Would you have enough coverage if you were to suffer a loss.
For a free review and quote you can contact MJF at 866-983-8726
or e mail us at mjfinsagencyinc@yahoo.com
We also offer the online Defensive Driver classes for NY and NJ drivers
at
http://www.mjfdefensivedriver.com
Monday, September 28, 2009
New York & New Jersey Online Defensive Driver Training Class
NY and NJ Online Defensive Driver Safety Training Class
Online Defensive Driver Classes For N.Y.&; N.J. Drivers
New York & New Jersey Online Defensive Driver Class
http://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:
http://www.mjfdefensivedriver.com/
Online Defensive Driver Classes For N.Y.&; N.J. Drivers
New York & New Jersey Online Defensive Driver Class
http://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:
http://www.mjfdefensivedriver.com/
Defensive Driver Class Could Help Teen Drivers
Parents beware: Giving in to teens' demands for their own cars can have dangerous consequences, new research suggests.
Teenagers with their own cars or free use of one are much more likely to get in crashes than those who share a car. And crashes are much less common among teens whose parents set clear driving safety rules.
The findings are in two studies by researchers at Children's Hospital of Philadelphia and funded by State Farm Insurance Co. They are in the October issue of Pediatrics.
The researchers say the findings can help parents keep their kids from becoming a grim statistic: Traffic crashes are the leading cause of death for U.S. teens, killing more than 5,000 each year.
Getting a driver's license and car are often viewed as rite of passage for U.S. teens, and many parents underestimate the risks.
More than 7,000 people nationwide were killed in crashes involving teen drivers in 2007, government data show. More than 3,000 of these deaths were teen drivers, and more than 250,000 teen drivers were injured.
"With teen drivers, you have to recognize that it's a public health issue,'' said Dr. Jeffrey Weiss, a Phoenix pediatrician who co-wrote an American Academy of Pediatrics report on teen drivers.
The 2006 report encourages parents to highlight the seriousness of driving privileges by requiring teens to sign driving contracts promising to abide by safety rules.
The new research shows that kind of hands-on approach pays off.
"Families need to know that driving is different'' from other steps toward independence,said Dr. Flaura Koplin Winston, the study's lead author. "Just at the time their teen is pulling away, they need to get back involved to spare them heartache.''
The research is based on a nationally representative survey of more than 5,500 teens in grades nine through 11. Students at 68 high schools answered questionnaires in 2006.
More than 2,000 students who reported driving on their own were the focus of one study; 70 percent said they had their own cars or were the main drivers of cars they used.
Winston said it's alarming that so many kids have their own cars or feel that they have free use of one. She said that freedom can lead to "a sense of entitlement about driving'' that may make them less cautious.
Among these "main'' drivers, 25 percent had been involved in crashes, versus just 10 percent of teens who shared driving access. Winston said the lower crash rate doesn't reflect less driving time, but is likely due to having to ask for the car keys, which helps parents monitor their kids' driving.
Compared with teens whose parents were uninvolved, kids who said their parents set clear rules and monitored their whereabouts without being overly controlling had half as many crashes and much better driving habits.
These teens were 71 percent less likely to drive while drunk and 30 percent less likely to use a cell phone while driving than kids with uninvolved parents.
Dr. Niranjan Karnik, a University of Chicago specialist in adolescent mental health, said the research underscores the importance of appropriate parenting and widely enacted graduated licensing laws for teens.
Debby Hendricks of Hatfield, Pa. made her daughters wait until age 17 to get their licenses, and gave them lots of driving practice beforehand.
The girls, aged 17 and 19, also share a family car, and can't "just grab the keys and leave'' without saying where they're going and with whom, Hendricks said.
So far so good -- neither girl has been in an accident, although the younger one, Leslie, has only had her license for a few months.
Leslie considers herself a safe driver, but adds, "I probably do underestimate the risks.''
Teenagers with their own cars or free use of one are much more likely to get in crashes than those who share a car. And crashes are much less common among teens whose parents set clear driving safety rules.
The findings are in two studies by researchers at Children's Hospital of Philadelphia and funded by State Farm Insurance Co. They are in the October issue of Pediatrics.
The researchers say the findings can help parents keep their kids from becoming a grim statistic: Traffic crashes are the leading cause of death for U.S. teens, killing more than 5,000 each year.
Getting a driver's license and car are often viewed as rite of passage for U.S. teens, and many parents underestimate the risks.
More than 7,000 people nationwide were killed in crashes involving teen drivers in 2007, government data show. More than 3,000 of these deaths were teen drivers, and more than 250,000 teen drivers were injured.
"With teen drivers, you have to recognize that it's a public health issue,'' said Dr. Jeffrey Weiss, a Phoenix pediatrician who co-wrote an American Academy of Pediatrics report on teen drivers.
The 2006 report encourages parents to highlight the seriousness of driving privileges by requiring teens to sign driving contracts promising to abide by safety rules.
The new research shows that kind of hands-on approach pays off.
"Families need to know that driving is different'' from other steps toward independence,said Dr. Flaura Koplin Winston, the study's lead author. "Just at the time their teen is pulling away, they need to get back involved to spare them heartache.''
The research is based on a nationally representative survey of more than 5,500 teens in grades nine through 11. Students at 68 high schools answered questionnaires in 2006.
More than 2,000 students who reported driving on their own were the focus of one study; 70 percent said they had their own cars or were the main drivers of cars they used.
Winston said it's alarming that so many kids have their own cars or feel that they have free use of one. She said that freedom can lead to "a sense of entitlement about driving'' that may make them less cautious.
Among these "main'' drivers, 25 percent had been involved in crashes, versus just 10 percent of teens who shared driving access. Winston said the lower crash rate doesn't reflect less driving time, but is likely due to having to ask for the car keys, which helps parents monitor their kids' driving.
Compared with teens whose parents were uninvolved, kids who said their parents set clear rules and monitored their whereabouts without being overly controlling had half as many crashes and much better driving habits.
These teens were 71 percent less likely to drive while drunk and 30 percent less likely to use a cell phone while driving than kids with uninvolved parents.
Dr. Niranjan Karnik, a University of Chicago specialist in adolescent mental health, said the research underscores the importance of appropriate parenting and widely enacted graduated licensing laws for teens.
Debby Hendricks of Hatfield, Pa. made her daughters wait until age 17 to get their licenses, and gave them lots of driving practice beforehand.
The girls, aged 17 and 19, also share a family car, and can't "just grab the keys and leave'' without saying where they're going and with whom, Hendricks said.
So far so good -- neither girl has been in an accident, although the younger one, Leslie, has only had her license for a few months.
Leslie considers herself a safe driver, but adds, "I probably do underestimate the risks.''
Saturday, September 19, 2009
N.Y. Insurance Regulator Suggests Limiting Moody’s as Rater
N.Y. Insurance Regulator Suggests Limiting Moody’s as Rater
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By Dakin Campbell
Sept. 19 (Bloomberg) -- New York state’s insurance regulator suggested Moody’s Investors Service should have its authorization to rate insurers’ holdings scaled back after the firm declined to attend a public hearing set for next week.
“This is the thing that forces one to ask questions about the role that a company like that can play in our regulatory system,” Hampton Finer, deputy superintendent and chief economist at the New York Insurance Department, said yesterday in a phone interview. “We think there should be discussion about whether Moody’s will have its authorization status going forward or having it curtailed in some fashion.”
Finer said he may advocate that regulators throughout the country rely on Moody’s competitors to rate securities held by insurance companies. Moody’s could lose business if that that happens, he said. Insurers can hold certain securities without explicit regulatory approval if those investments are rated by an authorized firm.
Standard & Poor’s, Fitch Ratings and Dominion Bond Rating Service Ltd. plan to meet next week with U.S. state regulators on the role the firms play in grading the insurers’ fixed-income holdings, the National Association of Insurance Commissioners said in a statement posted on the Web. Moody’s was invited and won’t attend, said Scott Holeman, a spokesman for the NAIC.
Thomas Lemmon, a spokesman for Moody’s, declined to immediately comment. Vanessa Sink, a spokeswoman for the NAIC, declined to discuss Finer’s remarks.
New York’s Role
New York Insurance Superintendent James Wrynn and Michael McRaith of Illinois convened the meeting as heads of a group appointed by the NAIC to evaluate watchdogs’ reliance on the firms. U.S. insurance companies hold about $3 trillion in rated bonds including corporate debt and mortgage-linked bonds.
Regulators use the firms’ ratings as they monitor insurer portfolios to make sure carriers have enough funds to pay claims on policies ranging from mortgage guarantees to earthquake protection.
Moody’s and S&P, both based in New York, have been criticized by investors and lawmakers including Senate Banking Committee Chairman Christopher Dodd, who has said the companies wrongly assigned top credit rankings to subprime-mortgage bonds before that market collapsed in 2007.
Standard & Poor’s spokesman David Wargin declined to comment, as did Kevin Duignan, a spokesman at Fitch, and Caroline Creighton, a spokeswoman at DBRS. Fitch is a unit of Paris-based Fimalac SA, S&P is a unit of McGraw-Hill Cos. and Moody’s is a unit of Moody’s Corp.
The hearing is set for Sept. 24 in Maryland. The Securities and Exchange Commission will also participate.
To contact the reporter on this story: Dakin Campbell in San Francisco at dcampbell27@bloomberg.net
Share | Email | Print | A A A
By Dakin Campbell
Sept. 19 (Bloomberg) -- New York state’s insurance regulator suggested Moody’s Investors Service should have its authorization to rate insurers’ holdings scaled back after the firm declined to attend a public hearing set for next week.
“This is the thing that forces one to ask questions about the role that a company like that can play in our regulatory system,” Hampton Finer, deputy superintendent and chief economist at the New York Insurance Department, said yesterday in a phone interview. “We think there should be discussion about whether Moody’s will have its authorization status going forward or having it curtailed in some fashion.”
Finer said he may advocate that regulators throughout the country rely on Moody’s competitors to rate securities held by insurance companies. Moody’s could lose business if that that happens, he said. Insurers can hold certain securities without explicit regulatory approval if those investments are rated by an authorized firm.
Standard & Poor’s, Fitch Ratings and Dominion Bond Rating Service Ltd. plan to meet next week with U.S. state regulators on the role the firms play in grading the insurers’ fixed-income holdings, the National Association of Insurance Commissioners said in a statement posted on the Web. Moody’s was invited and won’t attend, said Scott Holeman, a spokesman for the NAIC.
Thomas Lemmon, a spokesman for Moody’s, declined to immediately comment. Vanessa Sink, a spokeswoman for the NAIC, declined to discuss Finer’s remarks.
New York’s Role
New York Insurance Superintendent James Wrynn and Michael McRaith of Illinois convened the meeting as heads of a group appointed by the NAIC to evaluate watchdogs’ reliance on the firms. U.S. insurance companies hold about $3 trillion in rated bonds including corporate debt and mortgage-linked bonds.
Regulators use the firms’ ratings as they monitor insurer portfolios to make sure carriers have enough funds to pay claims on policies ranging from mortgage guarantees to earthquake protection.
Moody’s and S&P, both based in New York, have been criticized by investors and lawmakers including Senate Banking Committee Chairman Christopher Dodd, who has said the companies wrongly assigned top credit rankings to subprime-mortgage bonds before that market collapsed in 2007.
Standard & Poor’s spokesman David Wargin declined to comment, as did Kevin Duignan, a spokesman at Fitch, and Caroline Creighton, a spokeswoman at DBRS. Fitch is a unit of Paris-based Fimalac SA, S&P is a unit of McGraw-Hill Cos. and Moody’s is a unit of Moody’s Corp.
The hearing is set for Sept. 24 in Maryland. The Securities and Exchange Commission will also participate.
To contact the reporter on this story: Dakin Campbell in San Francisco at dcampbell27@bloomberg.net
Thursday, September 17, 2009
Metropolitan Auto Insurance
Let MJF quote your auto insurance with Metropolitan! Metropolitan recently revised some of their New York rates and have become more competitive. They offer discounts for electronic fund transfer, applying for a life policy and offer good student discounts if the childs average is at least a B. MJF can also help by taking our ONLINE defensive driver class at
www.mjfdefensivedriver.com
if you are a NY or NJ driver.
MJF is an independent insurance agency with licenses in NY,NJ,CT,FL and PA
866-983-8726
1865 Clove Road
S.I.N.Y. 10304
www.mjfdefensivedriver.com
if you are a NY or NJ driver.
MJF is an independent insurance agency with licenses in NY,NJ,CT,FL and PA
866-983-8726
1865 Clove Road
S.I.N.Y. 10304
Todays Risks
Today I am working on two new submissions. The first being a funeral parlor and the second a security and consulting firm. Already cleared these through my underwiters but the important details are usually in the supplemental application.
This is what provides the underwriter with the details and procedures of what type of risk exposure the company will be insuring. It will have a major effect on whether or not a risk is accepted or declined. If accepted, it will directly effect the final premium assessed on the risk.
Fortunately, we are in a position where these risks should be underwritten, The security firm was a little more of a concern since it will include alcohol exposure and potentially could have used armed guards. This risk will not use armed guards.
THE RELATIONSHIP WITH THE UNDERWRITER IS KEY. The broker must always give a clear and precise assessment. If the broker has a good relationship with their underwriters than usuallly more times than not a risk will be placed based on the respect of the brokers knowledge and risk assessment of his cases.This will always carry through no matter which company and / or type of insurance is being underwritten.
This is what provides the underwriter with the details and procedures of what type of risk exposure the company will be insuring. It will have a major effect on whether or not a risk is accepted or declined. If accepted, it will directly effect the final premium assessed on the risk.
Fortunately, we are in a position where these risks should be underwritten, The security firm was a little more of a concern since it will include alcohol exposure and potentially could have used armed guards. This risk will not use armed guards.
THE RELATIONSHIP WITH THE UNDERWRITER IS KEY. The broker must always give a clear and precise assessment. If the broker has a good relationship with their underwriters than usuallly more times than not a risk will be placed based on the respect of the brokers knowledge and risk assessment of his cases.This will always carry through no matter which company and / or type of insurance is being underwritten.
Wednesday, September 16, 2009
NY and NJ Online Defensive Driver Safety Training Class
Online Defensive Driver Classes For N.Y.&; N.J. Drivers
New York & New Jersey Online Defensive Driver Class
http://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:
http://www.mjfdefensivedriver.com/
New York & New Jersey Online Defensive Driver Class
http://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:
http://www.mjfdefensivedriver.com/
The Importance of Life, Disability Insurance & A Will
If your like most of my clients then it's that time of year again. The summer is over and the kids are back in school. This also means that another year is quickly passing us by. It is a time when we reflect on where we have been and where our future may take us.
This is why many of us start to concentrate on our financial responsibilities to our loved ones. It is the time frame where most Americans will be reviewing their life iinsurance and other investments to ensure that their families are secure if something were to seriously change our ability to support our families. We are referring to a loss of income due to medical reasons or death. It is also wise to have a will in place so that you can control and direct the assetts and care of your children. A will allows the executor to follow through on your wishes and reduces the potential for heirs to fight over those assetts. The executor speaks for the deceased when the deceased can no longer speak for themselves. You maintain direction and control of all your worldly possessions. It allows you be be clear and precise as to how assetts are distributed and leaves no room for misrepresentation.
Most people don't insure themselves for the most likely scenario, disability. However, it is much more likely an injury will prevent us from fully earning an income to support our loved ones rather than death. Business owners also have left themselves unprepared also. If you are a business owner, you should carry Business Overhead Expense Disability, to cover the expenses of running your establishment in the event of disability.
Depending on benefits and waiting periods we can you can set up a plan that could help ou maintain your current standards. It is the time of year to review your insurance and see how you can fully protect yourself in the event of disability or death.
Life insurance plays a crucial role because it provides tax free income to your beneficiary. This allows you to set up an instant nest egg so your loved ones can also maintain your current lifestyle when you can no longer provide for them. You should consider carrying approximately 10 times your salary as well planning for expenses such as education for the children and so forth.
Your insurance agent, broker or accountant can help you assess and offer solutions as to how much of a benefit you may need to cover your loss of income in either of these events. Call your independent broker today and set up your policy review to ensure your affairs are in order.
If you are interested in a review please call MJF at 866-983-8726. We are licensed in NY,NJ,CT,FL and PA.. We an provide you with a solution that work best for your individual nand unique needs.
This is why many of us start to concentrate on our financial responsibilities to our loved ones. It is the time frame where most Americans will be reviewing their life iinsurance and other investments to ensure that their families are secure if something were to seriously change our ability to support our families. We are referring to a loss of income due to medical reasons or death. It is also wise to have a will in place so that you can control and direct the assetts and care of your children. A will allows the executor to follow through on your wishes and reduces the potential for heirs to fight over those assetts. The executor speaks for the deceased when the deceased can no longer speak for themselves. You maintain direction and control of all your worldly possessions. It allows you be be clear and precise as to how assetts are distributed and leaves no room for misrepresentation.
Most people don't insure themselves for the most likely scenario, disability. However, it is much more likely an injury will prevent us from fully earning an income to support our loved ones rather than death. Business owners also have left themselves unprepared also. If you are a business owner, you should carry Business Overhead Expense Disability, to cover the expenses of running your establishment in the event of disability.
Depending on benefits and waiting periods we can you can set up a plan that could help ou maintain your current standards. It is the time of year to review your insurance and see how you can fully protect yourself in the event of disability or death.
Life insurance plays a crucial role because it provides tax free income to your beneficiary. This allows you to set up an instant nest egg so your loved ones can also maintain your current lifestyle when you can no longer provide for them. You should consider carrying approximately 10 times your salary as well planning for expenses such as education for the children and so forth.
Your insurance agent, broker or accountant can help you assess and offer solutions as to how much of a benefit you may need to cover your loss of income in either of these events. Call your independent broker today and set up your policy review to ensure your affairs are in order.
If you are interested in a review please call MJF at 866-983-8726. We are licensed in NY,NJ,CT,FL and PA.. We an provide you with a solution that work best for your individual nand unique needs.
Friday, September 11, 2009
Is Your Homeowners Policy Providing You With The Right Coverage In Case Of A Loss?
September 11, 2009
If your like most homeowners you purchased your homeowners insurance policy when you closed on your home. Unfortunately, the bank holding your mortgage requires you to maintain enough coverage to pay off your loan in the event of a loss. They even go as far as to escrow your premium payment and pay the premium to the insurance carrier annually.
What they don't do is require you to review your policy annually! Most homeowners dont receive any invoices for premium and lets face it, out of sight out of mind. As the years pass the mortgage balance is reduced but the value of your home in most cases appreciate and the cost to replace the home also appreciates.
A homeowners insurance review is very important. Homeowners should make it a point to review their policy to make sure they are not underinsured. The most common reasons for not reviewing your homeowners insurance is because they are not required by the mortgage lender, don't want to pay an increase in premium or just cannot afford to pay additional premium.
The bank will receive their proceeds from the claim check to satisfy the mortgage, however, will you be able to rebuild your home?
M.J.F. can review your homeowners policy to ensure you are properly insured in case of a loss. You don't want to find out after a loss claim, that you weren't carrying sufficient coverage to replace your home.
For an insurance review or if you have any questions about your current coverage, M.J.F. can be reached at 866-983-8726. We are licensed in N.Y.,N.J.,PA,CT. and Florida.
I
If your like most homeowners you purchased your homeowners insurance policy when you closed on your home. Unfortunately, the bank holding your mortgage requires you to maintain enough coverage to pay off your loan in the event of a loss. They even go as far as to escrow your premium payment and pay the premium to the insurance carrier annually.
What they don't do is require you to review your policy annually! Most homeowners dont receive any invoices for premium and lets face it, out of sight out of mind. As the years pass the mortgage balance is reduced but the value of your home in most cases appreciate and the cost to replace the home also appreciates.
A homeowners insurance review is very important. Homeowners should make it a point to review their policy to make sure they are not underinsured. The most common reasons for not reviewing your homeowners insurance is because they are not required by the mortgage lender, don't want to pay an increase in premium or just cannot afford to pay additional premium.
The bank will receive their proceeds from the claim check to satisfy the mortgage, however, will you be able to rebuild your home?
M.J.F. can review your homeowners policy to ensure you are properly insured in case of a loss. You don't want to find out after a loss claim, that you weren't carrying sufficient coverage to replace your home.
For an insurance review or if you have any questions about your current coverage, M.J.F. can be reached at 866-983-8726. We are licensed in N.Y.,N.J.,PA,CT. and Florida.
I
Thursday, September 10, 2009
Americans Cutting Back on Expenses, But Consider Life Insurance a Must
Americans Cutting Back on Expenses, But Consider Life Insurance a Must
NEWARK, N.J.--(BUSINESS WIRE)-- Americans are looking for ways to spend less, but when it comes to life insurance they're holding on to their policies, according to a recent report entitled, The Value of Life in Tough Economic Times issued by Prudential Financial, Inc. (NYSE: PRU)
The study found that 93% of consumers consider life insurance a must. Despite the fact that 70% have cut back on routine expenditures, 84% indicate they view the cost of life insurance as relatively minimal when compared to other items in the household budget.
Life insurance provides peace of mind, which is a valuable asset given today's economic environment, said Jim Avery, president of Prudential's Individual Life Insurance business.
The study also revealed that 95% recognize that life insurance could be significantly more expensive to obtain at an older age and 55% are concerned it could be harder to get coverage due to health conditions. Ask yourself the question: ˜Is my health the same as it was 15, 10 or even 5 years ago?' The answer is very likely to be no, which underscores the reasons for purchasing life insurance earlier rather than later, noted Avery.
Prudential's The Value of Life in Tough Economic Times was conducted in conjunction with the company's sponsorship of Life Insurance Awareness Month (LIAM.) Held each September, LIAM is an industry-wide effort coordinated by the nonprofit Life and Health Insurance Foundation for Education in response to growing concern about the large number of Americans who lack adequate life insurance protection.
This year's spokesperson for Life Insurance Awareness Month is Chris Noth, Sex in the City and Law and Order star. What people may not know is the impact that life insurance had on his life after the sudden death of his father when Chris was 9 years old. A videotaped message of his story can be found on Prudential's website throughout the month of September.
Prudential's The Value of Life in Tough Economic Times is part of a survey entitled Taking a Pulse of American's Changing Life Insurance Needs that was conducted online between June 24 and July 1, 2009. The data was collected for Prudential by MRops, a Pennsylvania based, independent, market research firm.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $580 billion of assets under management as of June 30, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information call MJF Insurance Agency, Inc. at 866-983-8726. Licensed in NY,NJ,CT,PA and Florida.
NEWARK, N.J.--(BUSINESS WIRE)-- Americans are looking for ways to spend less, but when it comes to life insurance they're holding on to their policies, according to a recent report entitled, The Value of Life in Tough Economic Times issued by Prudential Financial, Inc. (NYSE: PRU)
The study found that 93% of consumers consider life insurance a must. Despite the fact that 70% have cut back on routine expenditures, 84% indicate they view the cost of life insurance as relatively minimal when compared to other items in the household budget.
Life insurance provides peace of mind, which is a valuable asset given today's economic environment, said Jim Avery, president of Prudential's Individual Life Insurance business.
The study also revealed that 95% recognize that life insurance could be significantly more expensive to obtain at an older age and 55% are concerned it could be harder to get coverage due to health conditions. Ask yourself the question: ˜Is my health the same as it was 15, 10 or even 5 years ago?' The answer is very likely to be no, which underscores the reasons for purchasing life insurance earlier rather than later, noted Avery.
Prudential's The Value of Life in Tough Economic Times was conducted in conjunction with the company's sponsorship of Life Insurance Awareness Month (LIAM.) Held each September, LIAM is an industry-wide effort coordinated by the nonprofit Life and Health Insurance Foundation for Education in response to growing concern about the large number of Americans who lack adequate life insurance protection.
This year's spokesperson for Life Insurance Awareness Month is Chris Noth, Sex in the City and Law and Order star. What people may not know is the impact that life insurance had on his life after the sudden death of his father when Chris was 9 years old. A videotaped message of his story can be found on Prudential's website throughout the month of September.
Prudential's The Value of Life in Tough Economic Times is part of a survey entitled Taking a Pulse of American's Changing Life Insurance Needs that was conducted online between June 24 and July 1, 2009. The data was collected for Prudential by MRops, a Pennsylvania based, independent, market research firm.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $580 billion of assets under management as of June 30, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information call MJF Insurance Agency, Inc. at 866-983-8726. Licensed in NY,NJ,CT,PA and Florida.
2nd Quarter Fixed Annuity Sales Rise
Fixed annuities Second-quarter fixed-annuity sales rose 10% to $27.8 billion, Beacon Research reports
Book-value fixed annuities led the pack with $14 billion, the firm says
Source:By Darla Mercado
August 31, 2009, 12:50 PM EST
Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc.
Book-value fixed annuities, which pay a declared rate of interest over a period of time, dominated total sales during the second quarter with an estimated $14 billion in sales, according to the Evanston, Ill., research firm. That was up from $12 billion in the second quarter of 2008.
Index annuity sales hit $8.2 billion, up from $6.9 billion a year earlier.
Market-value-adjusted fixed annuities, which adjust the value of surrenders or withdrawals according to interest rate fluctuations, fell to $3.5 billion, down slightly from $3.6 billion a year earlier. Finally, fixed-income annuities brought in $2.2 billion in sales, up 10% from a year earlier.
New York Life Insurance Co. led its peers as the company with the most in total fixed-annuity sales, jumping from second place in the first quarter. The carrier sold $2.85 billion in fixed annuities.
Aviva USA Corp. of Des Moines, Iowa, climbed to second place, from third, with $1.67 billion in fixed-annuity sales, while Minneapolis-based Allianz Life Insurance Company of North America rounded out the top three with $1.55 billion in total fixed-annuity sales.
The first quarter’s sales leader MetLife Inc. of New York dropped to seventh place with just $950 million in fixed-annuity sales during the second quarter.
New York Life also had the top-selling product, with its NYL Preferred Fixed Annuity, a book-value product. Allianz Life came in second with its index annuity, the MasterDex X, while New York Life was third with the NYL Fixed Annuity, another book-value product.
If you would like more information on fixed annuities call us at M.J.F. Insurance 866-983-8726. M.J.F. is an independent agency and will help you find the best rates for your money with A rated carriers.
Book-value fixed annuities led the pack with $14 billion, the firm says
Source:By Darla Mercado
August 31, 2009, 12:50 PM EST
Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc.
Book-value fixed annuities, which pay a declared rate of interest over a period of time, dominated total sales during the second quarter with an estimated $14 billion in sales, according to the Evanston, Ill., research firm. That was up from $12 billion in the second quarter of 2008.
Index annuity sales hit $8.2 billion, up from $6.9 billion a year earlier.
Market-value-adjusted fixed annuities, which adjust the value of surrenders or withdrawals according to interest rate fluctuations, fell to $3.5 billion, down slightly from $3.6 billion a year earlier. Finally, fixed-income annuities brought in $2.2 billion in sales, up 10% from a year earlier.
New York Life Insurance Co. led its peers as the company with the most in total fixed-annuity sales, jumping from second place in the first quarter. The carrier sold $2.85 billion in fixed annuities.
Aviva USA Corp. of Des Moines, Iowa, climbed to second place, from third, with $1.67 billion in fixed-annuity sales, while Minneapolis-based Allianz Life Insurance Company of North America rounded out the top three with $1.55 billion in total fixed-annuity sales.
The first quarter’s sales leader MetLife Inc. of New York dropped to seventh place with just $950 million in fixed-annuity sales during the second quarter.
New York Life also had the top-selling product, with its NYL Preferred Fixed Annuity, a book-value product. Allianz Life came in second with its index annuity, the MasterDex X, while New York Life was third with the NYL Fixed Annuity, another book-value product.
If you would like more information on fixed annuities call us at M.J.F. Insurance 866-983-8726. M.J.F. is an independent agency and will help you find the best rates for your money with A rated carriers.
Tuesday, September 8, 2009
Insurance - Industry Fee Proposed
Insurance-industry fee proposed
WASHINGTON -- Sen. Max Baucus yesterday pushed a new health-care plan that includes an industry fee to help pay for covering the uninsured.
Baucus, chairman of the Senate Finance Committee, is part of a six-member bipartisan group trying to craft a bill satisfactory to both parties, and the group is set to meet today as Congress returns from its August recess.
It's unclear whether the fee, designed to create competition in the insurance market, would satisfy two Republicans in the group: Chuck Grassley of Iowa and Mike Enzi of Wyoming. The Baucus proposal reflected many of their priorities, chief among them the decision not to include a government-run plan to compete with private insurers.
Under the Baucus plan, health-insurance exchanges, with information on different plans and prices, would allow small groups and individuals to buy policies at lower rates. Medicaid would be expanded to cover more low-income people. Nonprofit cooperatives would be established as an alternative to for-profit insurance companies. Tax credits would allow low- and middle-income Americans to buy private coverage.
The package would cost under $900 billion over 10 years.
WASHINGTON -- Sen. Max Baucus yesterday pushed a new health-care plan that includes an industry fee to help pay for covering the uninsured.
Baucus, chairman of the Senate Finance Committee, is part of a six-member bipartisan group trying to craft a bill satisfactory to both parties, and the group is set to meet today as Congress returns from its August recess.
It's unclear whether the fee, designed to create competition in the insurance market, would satisfy two Republicans in the group: Chuck Grassley of Iowa and Mike Enzi of Wyoming. The Baucus proposal reflected many of their priorities, chief among them the decision not to include a government-run plan to compete with private insurers.
Under the Baucus plan, health-insurance exchanges, with information on different plans and prices, would allow small groups and individuals to buy policies at lower rates. Medicaid would be expanded to cover more low-income people. Nonprofit cooperatives would be established as an alternative to for-profit insurance companies. Tax credits would allow low- and middle-income Americans to buy private coverage.
The package would cost under $900 billion over 10 years.
M.J.F. Insurance Agency, Inc.
M.J.F. is licensed in New York, New Jersey, Connecticut, Pennsylvania and Florida to sell Property & Casualty and Personal Lines coverages.
Life, Health, Disability, Annuities, A.F.L.A.C, Umbrella, Professional Liability,Event Insurance, Bonds, auto,home,Flood, RV,s Motorcyle, ATV and a wide range of coverages for your business. Please call us at 866-983-8726 for a quote, if the coverage you need isn't listed please call and we will be glad to assist you..
NOW OFFERING DMV APPROVED ONLINE DEFENSIVE DRIVER TRAINING CLASS FOR NEW YORK AND NEW JERSEY DRIVERS AT:
www.mjfdefensivedriver.com
Life, Health, Disability, Annuities, A.F.L.A.C, Umbrella, Professional Liability,Event Insurance, Bonds, auto,home,Flood, RV,s Motorcyle, ATV and a wide range of coverages for your business. Please call us at 866-983-8726 for a quote, if the coverage you need isn't listed please call and we will be glad to assist you..
NOW OFFERING DMV APPROVED ONLINE DEFENSIVE DRIVER TRAINING CLASS FOR NEW YORK AND NEW JERSEY DRIVERS AT:
www.mjfdefensivedriver.com
Monday, September 7, 2009
Online Defensive Driver Classes For N.Y.& N.J. Drivers
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
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