Immediate life insurance website launched, first in world

Tuesday, May 15, 2007

The first website in the world allowing consumers to buy life insurance online instantly has been launched today, targeting specifically New Zealanders.

The website, run by life insurance company Pinnacle Life, allows New Zealanders in many countries in the world to buy life insurance online without the need for a medical examination. Once the application has been approved, which is done immediately, the consumer can receive a $500,000 life insurance policy via an automatic e-mail. However, if certain conditions have been highlighted, then person to person contact is required to finalise the process.

Ed Saul, senior partner and architect of the new website, says, “We’re giving consumers a quicker and easier way to buy life insurance. Instead of submitting an application form and waiting days for a policy to be approved and issued, we do it online and we do it immediately.”

“The revolutionary website gives consumers complete control over the buying process whilst eliminating the previously obligatory involvement of people and paper. This is a global test case eagerly watched by the insurance industry around the world,” Mr Saul said.

When applying online, a few typical questions are asked on personal information and if the applicant has had any previous illnesses or diseases.

The countries where New Zealand citizens are allowed to apply are UK, Ireland, Canada, Australia, Hong Kong, Singapore and the USA.

Retrieved from “https://en.wikinews.org/w/index.php?title=Immediate_life_insurance_website_launched,_first_in_world&oldid=724680”

Marine jet crash into San Diego house attributed to string of errors

Thursday, March 5, 2009

An internal investigation by the United States Marine Corps into the crash of an F/A-18 jet into a San Diego house has blamed errors on the part of the pilot, his superiors and maintenance personnel for the accident which killed four people.

The report found that mechanics had noticed the aircraft had a faulty fuel transfer system in June 2008 but repairs were never made, with the defective jet performing 146 more sorties in this state before the December accident.

“While we did not find any evidence of criminal wrongdoing, the responsible parties are being held accountable for their part in this tragic accident,” said Maj. Gen. Randolph Alles of the 3rd Marine Aircraft Wing. Four Marine squadron officers have been relieved of duty, as well as Navy officers. Eight enlisted Marines and one Navy sailor have been reprimanded. The pilot has been grounded.

On the day of the accident the pilot, Lt. Dan Neubauer, had just taken off from the aircraft carrier USS Abraham Lincoln when he reported that the aircraft’s right engine had low oil pressure.

Neubauer, who was still in training, shut the engine down as a precaution, leaving the plane operating on the left engine. The Abraham Lincoln’s captain and the ‘air boss’ suggested an emergency landing at the North Island military base, which was about 100 miles from the carrier. This would have given an approach from over the ocean.

Neubauer contacted his squadron bosses and instead opted to try to land at Marine Corps Air Station Miramar, which was 11 more miles away and involved a flight path over San Diego. Neubauer also failed to read his own emergency checklists, instead having sections read to him by his squadron representatives on the ground. The squadron representatives at Miramar were unaware of all the details of the situation on board and did not read out all the relevant sections.

Officers at Miramar were informed of the fact that a warning light indicated the remaining engine was running low on fuel. However, they did not take heed in what was described by the report as a “critical mistake”. In fact, the plane’s tanks had plenty of fuel, but the engine trouble was caused by the faulty fuel flow system, which fed the left engine. Officers also failed to watch the plane’s location properly.

Upon final approach to Miramar, Neubauer thought, incorrectly, that he could not turn right, towards his inoperative engine. Instead, he conducted a long leftwards loop to line up. The maneuver took around ninety seconds to complete and starved the left engine of fuel, causing it to flameout. At this point the jet fell towards the ground and the pilot attempted to aim the aircraft for a canyon, where it could crash safely. However, the plane did not stay airborne and struck a house at an estimated 150 mph. It is thought that two more seconds would have been enough for the plane to reach the canyon.

While we did not find any evidence of criminal wrongdoing, the responsible parties are being held accountable for their part in this tragic accident.

Instead, the crash killed four people inside the house; a grandmother, her daughter and her two granddaughters. The children’s father, Dong Yun Yoon, was among those briefed on the publication of the report, alongside politicians in Washington and San Diego. The pilot safely ejected after holding on as long as possible, the report stating that a second or two more would have likely resulted in his death.

The investigation has a number of implications. The fuel problem was not followed up on as it was not on a list of faults requiring immediate repair, but nonetheless 3rd Marine Aircraft Wing operations officer Col. John Rupp said keeping it in the air “was collectively poor judgment on the part of the squadron’s maintenance department.” The commanding officer, operations officer, aviation maintenance officer and operations duty officer have all been relieved of duty, while eight other marines and a sailor were reprimanded.

Maintenance standards have been upgraded and emergency training enhanced as a result. Flight simulators are set to include a scenario based on the accident. Lt. Dan Neubauer has been grounded and it is up to the deputy commandant for aviation whether he will be allowed to return to the air. Immediately after the accident, all F/A-18s were grounded and inspected. The Marines issued a bulletin to all other operators of the aircraft worldwide to warn them of the circumstances.

So far, the Marines and the United States Navy have identified 40 F/A-18 Hornets with the same problem. None of these have crashed.

Retrieved from “https://en.wikinews.org/w/index.php?title=Marine_jet_crash_into_San_Diego_house_attributed_to_string_of_errors&oldid=4202769”

Tips To Curtail Your Estate Taxes}

Tips To Curtail Your Estate Taxes

by

Kris KoonarIf a person dies possessed of property, the law imposed estate tax if the property has a fair market value above $2 million. Property valued less than that is not subject to estate tax. Estate tax is levied both at the federal and state levels. The high rate of taxation takes away nearly forty-five percent of the estate of the deceased. Most people suffer such high taxes because they are unaware of the ways and tax planning techniques that can avoid or help to considerably reduce the estate tax burden.

There are no federal estate tax structure of two million dollars in 2007 will rise to 3.5 million in 2009 and will be totally eliminated in 2010. 2011 may find estate tax back with an exemption limit of $1000000 if the Congress does not pass a law for a full repeal.

At present, there are some steps that a person can take to effectively reduce estate taxes that may be applicable to his estate after his demise.

a) Take advantage of the estate tax exemption twice- If married, each spouse is entitled to an exemption of $2 million dollars on estate tax. This means that the total exemption available to a couple is $4 million. Usually people do not take any steps before the death of one partner and all assets automatically pass on to the other at the first death by virtue of the provision of marital deduction. Since there is no limit on marital deduction, there is no estate tax payable whatever be the size of the estate. However, the exemption of $2 million is wasted .

On the death of the surviving spouse, the entire estate is taxed, allowing an exemption of just the $2million attributable to the last dying spouse. With due planning, one can form a family trust which will allow availing the benefit of the $2 million exemption available to the spouse who died first giving a total exemption of $4 million.

b) Form a life insurance trust- Proceeds from a life insurance policy are subject to estate tax. By establishing a life insurance trust, a person other than the insured is made the owner of the policy. Usually it is the spouse or child or any other beneficiary. When the insured dies, this owner/beneficiary/trustee invests the trust funds i.e. the insurance proceeds and manages the trust for the benefit of other beneficiaries. Forming an insurance trust can cost below $1000 but can save substantially on estate tax, which can take away nearly half the proceeds if the size of the estate is above the exemption limit.

c) Gift part of your estate- If you are in an advanced age and have lifestyle and expenditure that is within your means, it may be sensible make gifts out of your estate to the people you intend leaving your estate to when you are no more. This would greatly reduce the size of the estate and may bring it within the limits of exemption. This technique may not be proper if you are still young would like your kids to benefit from inheritance in other ways.

d) Form a family liability company- This technique can be combined with the exemptions on gifts to effectively provide a solution to avoid paying estate taxes. If you have a business or property valued at say one million dollars, you can create a Family Limited Liability company where you contribute the property exchanging it for limited liability ownership units. If you break it into one hundred and fifty membership units each is valued at about $6667. These units would be eligible for marketability and/or minority discounts. When you gift these units, you can bring down the value of annual gifts within the exclusion limits by applying these discounts.

For example, when you gift two units to a child, the child would come to have a minority interest in the company. In addition, unlike publicly traded shares there is no real market for the units. Therefore discounts can be applied to the gift to bring their value within the exemption limit of $12000 even though the total value of the gifted units would appear be (6667 x 2) $13,333. These are advanced techniques and should be considered only in consultation with an expert in estate taxes.

These are just some of the ways to save estate taxes. Your estate lawyer would be able to provide you with more/apt solutions that may be suitable to your situation.Sacramento CPA

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Victoria Wyndham on Another World and another life

Thursday, December 13, 2007

Victoria Wyndham was one of the most seasoned and accomplished actresses in daytime soap opera television. She played Rachel Cory, the maven of Another World‘s fictional town, Bay City, from 1972 to 1999 when the show went off the air. Wyndham talks about how she was seen as the anchor of a show, and the political infighting to keep it on the air as NBC wanted to wrest control of the long-running soap from Procter & Gamble. Wyndham fought to keep it on the air, but eventually succumbed to the inevitable. She discusses life on the soap opera, and the seven years she spent wandering “in the woods” of Los Angeles seeking direction, now divorced from a character who had come to define her professional career. Happy, healthy and with a family she is proud of, Wyndham has found life after the death of Another World in painting and animals. Below is David Shankbone’s interview with the soap diva.

Retrieved from “https://en.wikinews.org/w/index.php?title=Victoria_Wyndham_on_Another_World_and_another_life&oldid=2584666”

Michael Jackson doctor charged with involuntary manslaughter

Tuesday, February 9, 2010

Dr. Conrad Murray has been charged with involuntary manslaughter in connection to the death of Michael Jackson, who Murray was doctor to. Dr. Murray was with the singer when he died on June 25 last year.

The doctor is alleged to have acted “unlawfully and without malice“. The prosecution’s complaint said that when Dr. Murray gave Michael Jackson a powerful sedative to attempt to assist Jackson with his sleeping, he acted “without the caution and circumspection required”. During rehearsals for a series of return concerts planned in London, England last year, the entertainer had employed the doctor to be his personal physician for the spring. If convicted of the charges, Dr. Murray could be imprisoned for up to four years.

According to Ed Chernoff, Dr. Murray’s lawyer, he will not plead guilty. Speaking on Monday, before the charge was filed, Chernoff stated: “We’ll make bail, we’ll plead not guilty and we’ll fight like hell.” The coroner’s office in Los Angeles, California, US reported that the death of Michael Jackson was a homicide, with the cause being an overdose of sedatives.

Retrieved from “https://en.wikinews.org/w/index.php?title=Michael_Jackson_doctor_charged_with_involuntary_manslaughter&oldid=1566377”

Nanny Camera Making Certain Your Kid Is Secured And Looked After

Submitted by: Raul Crasmin

Greater than ever demand along with better technology of nanny cams has led to the accessibility of a range of spy cams. Luckily, these cameras are designed in such a way that they can be with no trouble hidden anywhere and wherever you want in your house. Despite the fact that wireless IP spy cams let you direct and continuous and uninterrupted access by means of live video streaming of the incidents in your house, the other kind of spy cams are as well an excellent option for the reason that they let you to record the incidents every day. The cost of these spy cams being affordable now, with prices beginning from just around $100 for a basic spy cam with remote computer access to the more costly $500 digital spy cams, you can decide to view pictures and videos live on your computer or cell phone. Spy cams bring you a great deal necessary serenity and faith in your kid’s nanny or babysitter, moreover confirming the wellbeing and protection of your family members.

However, there are a few drawbacks of a spy cam; the most palpable drawback of a surveillance camera is the covert nature of this piece of equipment. The majority of caretakers want to be familiar with in advance, if they are being monitored in order that they are mentally ready for the check. A few other drawbacks of these spy cams is that these can be used for immoral activities by setting up a spy cam in a bedroom, hotel room, bathrooms and so on. Besides, spy cams or nanny cams can be used for various other purposes in addition to childcare. Spy cams can be used to keep an eye on domestic helps, repairperson, babysitters, and nanny or simply use it to keep your home safe from burglars.

[youtube]http://www.youtube.com/watch?v=YhG1rpAiE9Q[/youtube]

Coming on to the bigger question, are spy cams legal? Luckily, almost all nations and government agencies approve of spy cams for legitimate use and approve video recording of the incidents as an evidence in the court of law. However, do check in for your local laws before installing it so that you do not infringe on person s rights.

At present, spy cams and other similar surveillance cameras are simply accessible at many local spy stores and departmental stores. On the other hand, unique models or high-end spy camera models that are hidden in alarm clocks, wall clocks, mirrors, picture frames, teddy bears, DVD players, air freshener, smoke detectors, boom box, pens, wristwatches, sunglasses, and so on can be bought online or at special spy shops. However, do remember to shop around and compare prices as it might vary from one vendor to another.

As a final point, make use of a spy cam if you have doubts about the wellbeing of your child. As a parent you can by no means be too suspicious or too vigilant as it comes to making certain your kid is secured and looked after well, therefore do consider what is best for him/her. Order a spy cam now!

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UK’s Liverpool FC unveils plans for new stadium

Wednesday, July 25, 2007

Liverpool FC revealed the plans for its new Stanley Park Stadium today. The stadium is to be built over the next three years in Stanley Park, to replace Liverpool’s long time home at Anfield. The plans as submitted would provide for a capacity of 60,000, with a possible increase towards 80,000.

The design by HKS is situated approximately 8 meters below the surface to lessen its impact. The cost of construction is said to be £300 million.

Retrieved from “https://en.wikinews.org/w/index.php?title=UK%27s_Liverpool_FC_unveils_plans_for_new_stadium&oldid=850215”

Scientology protest group celebrates founder’s birthday worldwide

 Correction — March 19, 2008 The next protest is scheduled for April 12, 2008. The article below states April 18 which is incorrect. 

Saturday, March 15, 2008

The Internet group Anonymous today held further protests critical of the Church of Scientology.

The global protests started in Australia where several hundred protesters gathered at different locations for peaceful protests.

In a global speech, the Internet protest movement said Scientology “betrayed the trust of its members, [had] taken their money, their rights, and at times their very lives.” The protesters welcomed the public interest their protests have led to, and claimed they witnessed “an unprecedented flood of Scientologists [joining] us across the world to testify about these abuses.” The group said it would continue with monthly actions.

In a press statement from its European headquarters, Scientology accused the anonymous protesters of “hate speech and hate crimes”, alleging that security measures were necessary because of death threats and bomb threats. This also makes the Church want to “identify members” of the group it brands as “cyber-terrorists”.

Wikinews had correspondents in a number of protest locations to report on the events.

Anonymous states that the next protest is scheduled to take place on April 18, which happens to be the birthday of Suri, the daughter of Tom and Katie Cruise.

Retrieved from “https://en.wikinews.org/w/index.php?title=Scientology_protest_group_celebrates_founder%27s_birthday_worldwide&oldid=4462734”

Fear and loathing on the campaign trail, October 2008

Tuesday, November 4, 2008

October on the campaign trail presented the last chances for the campaigns to present their messages to the American people. A vice-presidential and two presidential debates were held, one of which added a new political lexicon, perhaps the closest thing to an October surprise. One candidate seemed to pull way ahead as early voting began in many states near the conclusion of the month.

Democrats
  • At the beginning of the month, due to the continued economic crisis, Obama took a clear lead over McCain in opinion polling, leading by double-digits in many surveys. Obama maintained his lead throughout the month and mounted leads or stayed within the margin of error in some states won by Bush in 2004 including Virginia, North Carolina, Ohio, Indiana, Colorado, New Mexico, Missouri, Florida, Iowa and North Dakota.
  • Joe Biden debated Sarah Palin in St. Louis on October 3, in a forum moderated by Gwen Ifill. Biden issued very little criticism of Palin and remained subdued for much of the night, focusing mostly on foreign policy. Ifill became a subject of controversy before the debate, with commentators questioning her impartiality with the upcoming release of her book, The Breakthrough: Politics and Race in the Age of Obama.
  • On the campaign trail, prior to the third presidential debate, Obama was approached by plumber Joe Wurzelbacher of Holland, Ohio. Joe asked Obama whether his taxes would be raised if he bought a plumbing company as he was planning to do. Obama stated that he didn’t “want to punish [his] success” but that “everyone who is behind him” should be given a “chance at success.” He later stated that he thought “when you spread the wealth around, it’s good for everybody.”
  • Obama defended his tax plan during the third presidential debate with McCain while facing many McCain comments about “Joe the plumber.” He repeatedly stated that his tax plan would lower taxes for households making under US$200,000 a year, which he said made up 95% of Americans.
Republicans
  • At the vice-presidential debate, Sarah Palin became the first woman since the 1984 United States presidential election to participate in such an event. It was the most widely watched vice-presidential debate in history with an estimated 70 million viewers. During the debate Palin characterized herself as a “Washington outsider” who “may not answer the questions the way the moderator and you (Senator Biden) want to hear.” She focused mostly on energy policy during the debate.
  • The second presidential debate was held on October 7 and moderated by Tom Brokaw. During the debate McCain announced his support for a spending freeze of programs other than those for defense or veterans. When discussing energy policy, McCain famously referred to Obama as “that one.”
  • The McCain campaign launched a series of ads connecting Obama to former Weather Underground member William Ayers, who served on a board with Obama and held a venue at his home for the Senator when he began his political career. Palin accused Obama of “palling around with terrorists.” Some pundits saw the new strategy as a last ditch effort by the McCain campaign.
  • McCain’s campaign was compared to that of segregationist George Wallace’s by Congressman John Lewis, who commented that the campaign was “sowing the seeds of hatred and division.” Lewis pointed to McCain supporters who shouted obscenities about Barack Obama during a McCain rally, including one who reportedly yelled “kill him” when referring to Obama (a claim later refuted by the Secret Service). McCain discussed this during the third presidential debate, and asked Obama to repudiate the comments.
  • During the third presidential debate, McCain used the earlier discussion between Obama and Joe the Plumber as a tool to attack Obama on his tax policy. He strongly objected to Obama’s support for “spreading the wealth” which he likened to socialism. The debate led to a small comeback for McCain in opinion polling, cutting into Obama’s lead as the month came to a close.
Third parties
  • Ralph Nader and Chuck Baldwin were able to participate in a third party presidential debate on October 23 in Washington. Each discussed their strong opposition to the wars in Iraq and Afghanistan as well as their disapproval of the government’s bailout plan. Baldwin and Nader had some disagreement on abortion, with Nader standing pro-choice and Baldwin standing as pro-life. Nader emphasized the need to control the power of corporations over consumer’s lives and Baldwin stated that his number one priority as president would be to secure the borders.
  • On October 30, Nader and Baldwin participated in another third party debate. Libertarian party nominee Bob Barr joined the candidates for this debate. During the debate, the candidates railed against the two major parties with Ralph Nader complaining that they don’t like “competition.” Barr conveyed his frustration with the Justice Department for their failure to prosecute Wall Street corporate leaders. Baldwin expressed his fear for America’s future.
Retrieved from “https://en.wikinews.org/w/index.php?title=Fear_and_loathing_on_the_campaign_trail,_October_2008&oldid=4641417”

Plastic Surgery Financing Guide

Plastic Surgery Financing Guide

by

Abigail Aaronson

Everyone who wants to have plastic surgery has their own unique and personal reasons for doing so, which is perfectly fine. If you are like many individuals who yearn to look better through the wonders of modern surgery, then you may find that the only thing that stands in your way from getting the beauty boost you want is the money needed to pay for it.

[youtube]http://www.youtube.com/watch?v=uLHNBod4wAc[/youtube]

Financing the operation is a viable means of improving and enhancing your appearance. However, financing plans are sometimes confusing to make sense of and can be problematic when it comes to assessing the benefits and risks involved. Obtaining the necessary funds through medical financing might be a suitable option for you, but there are things you need to learn about it before you decide that it is definitely the correct choice for you. Financing for cosmetic as well as plastic surgery procedures is considered to be an unsecured loan. What this means is that, as the person looking to borrow cash, you are not required to provide collateral in the event that you are not able to repay the loan in full. In most cases, unsecured loans come with higher interest rates because the lender incurs more of a risk to lend money to the borrower. Medical loans for plastic surgery purposes use credit scores as a means of assessing the credit worthiness of the applicant. If this is the route that you wish to take to pay for your operation, then there are numerous medical financing businesses that you can look into to find out if they would consider you a potential candidate to lend funds to. Some of these companies finance various medical surgeries but do not include cosmetic surgery procedures in the operations they lend money for. In that case, for the service you desire there are also specific plastic and cosmetic surgery financing companies that are involved solely in helping those who wish to help themselves in this area of body and face improvement. Medical financing is comparable to financing other things that you want, such as new furniture, electronics, appliances, or a new vehicle. When you apply and pass the necessary criteria, you are then approved for a designated amount of funds. For plastic surgery, the amount you are granted could be anywhere between $2,000 to $25,000. This money can then go towards the plastic operation of your choosing. You will then be given a term in which to pay off the loan with interest. Most companies give borrowers 24 to 36 months to do so. To qualify for a medical loan to have cosmetic work done you need to have a good enough credit score. If your credit score is low due to past problems, then you should wait to apply for a loan until your score has been raised. To qualify, it is also essential that you have a low debt-to-income ratio and a relatively small credit card debt load (which is to say in the range of $10,000 to $15,000 or less). There are also age requirements and citizenship requirements. In most cases, an applicant must be a legal resident of the state in which they are applying for the medical loan in.

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Article Source:

ArticleRich.com