Don’t Forget to Protect Your Mortgage – and Your Family

The different types of life insurance cover available can sound confusing, but the choice is more straightforward than people think. If you have a family with children, as a bare minimum you should consider life assurance that would pay off your mortgage upon death. There is then the option of cover that would pay out in the event of you contracting a serious illness. Both types of cover can be

provided either as a lump sum or as a regular income. For new parents, life insurance company AVIVA is currently offering £10,000 FREE life cover until their child’s first birthday – £20,000 if both parents apply. In their recent Parents Study, Aviva found that almost 40% of parents polled have not bought life insurance cover and a further 17% only have enough to cover their mortgage.

Richard Morea, Technical Manager at L&C said, “When taking out a mortgage or starting a family, it is essential that borrowers and parents look at their life insurance needs and make sure that their family is properly protected if the worst were to happen. It’s important to shop around and get advice too, because banks and building societies that offer good mortgage rates will not always offer good rates on life insurance.“

For a free life insurance review, speak to one of L&C’s expert advisers on 0800 073 1932. New parents can click here to apply for £10,000 FREE life cover through L&C.

Via EPR Network
More Financial press releases

New Micro-Lending Program To Help People Establish Businesses

Mexicans and Americans Thinking Together (MATT) and ACCION-Texas, a national micro-lending organization, have jointly created the MATT Micro-lending Assistance Program (MMAP) designed to help individuals establish their new small enterprise.

“The beauty of this program is that we not only provide them with financial assistance but with technical support as well to help ensure their success” says Janie Barrera, President & CEO, ACCION Texas-Louisiana.

The MMAP program depends on the generosity and financial support from businesses and donors to succeed. MATT, a non-for-profit headquartered in San Antonio, Texas, has committed to securing financial supporters to ensure the continuation and success of the program. “Our goal is to assist people help themselves. We have many talented people who need some support and direction to succeed in life. That is what we are committed to do, in association with ACCION-Texas,” comments Aracely Garcia-Granados, executive director of MATT, who helped devise this initiative after she learned that ACCION-Texas is a non-profit and needs 3 million a year in order to serve its constituencies.

MATT will identify and secure businesses to support ACCION-Texas. However, MATT’s contribution comes with a twist. “We are going after Mexican-owned companies so that they give back to the community that has helped them succeed,” confirms Garcia-Granados. “We need to cultivate a sense of philanthropy among Latinos and this is one small way to do it.”

MMAP-San Antonio is possible due to the generosity of Anne-Marie Grube, owner of La Tradicional Tortilleria. As a successful small business owner, Anne-Marie jumped at the opportunity to help others realize their dream. She knows how hard yet liberating it is to be an independent entrepreneur and when approached by MATT and ACCION-Texas, she agreed to be the first to help establish the MATT Micro-lending Assistance Program in San Antonio. “There are many talented people in our communities, especially among Latinos, who just need a little counseling and financial support to make the American dream come true. I am glad to have had this opportunity to partner with MATT and ACCION-Texas. I cannot think of a better cause and a more needed program.”

It is MATT’s goal to work with its national network of supporters to identify communities where MMAP is most likely to succeed. “At this point, we want to get the information out there to create interest among potential donors but we are also going to aggressively promote this program and get supporters. There is a lot of need out there and we are committed to make this program work for those who will most benefit,” concluded Garcia-Granados.

Mexicans and Americans Thinking Together (MATT) is a San Antonio-based, bi-national, non-profit organization. MATT’s mission is to bridge the gaps of understanding between Mexicans and Americans.

Via EPR Network
More Financial press releases

Dr. Elizabeth Mays Has Been Named One Of The 25 Women To Watch For 2009 By U.S Banker Magazine

Dr. Elizabeth Mays has been named one of the 25 Women to Watch for 2009 by U.S Banker magazine. The list contains some of the banking industry’s most accomplished women and is compiled annually. Over 5,000 female banking executives were nominated this year.

Mays is located in Columbus, Ohio where she is a Senior Vice President and the Head of Consumer Risk Modeling and Analytics for JP Morgan Chase, part of the Risk Management organization.

The criteria used to select the 25 Women to Watch include their impact on their bank’s financial performance and the nominee’s industry, personal, and community impact. In conjunction with the publication of U.S. Banker magazine’s October issue highlighting the women selected this year, an awards ceremony will be held at The Plaza hotel in New York on October 6th.

Mays has spent 24 years in the financial services sector, first as a government economist and savings and loan regulator in Washington DC, and later in executive positions in the banking industry. She is also an author of four books on risk measurement and writes articles on corporate governance and risk management topics. A busy executive and mother, U.S. Banker magazine noted that parts of her last book were written “f r o m a booth at Chuck E. Cheese” while her young son played games.

Via EPR Network
More Financial press releases