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tonireavis · 21 days
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A LONG & WINDING TRIP DOWN MEMORY LANE
Today, one week before the 128th Boston Marathon, we go back in time to when the sport of marathon running was in a state of a flux, no more so than in the city of Boston. The 87th running of the great race on Monday. 18 April 1983 saw Joan Benoit smash the women’s word record by 2:46, while Michigan native Greg Meyer topped the men’s field in 2:09:00. Two months later, the Boston Athletic…
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homomenhommes · 5 months
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THIS DAY IN GAY HISTORY
based on: The White Crane Institute's 'Gay Wisdom', Gay Birthdays, Gay For Today, Famous GLBT, glbt-Gay Encylopedia, Today in Gay History, Wikipedia, and more … December 17
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1760 – On this date, Deborah Sampson Gannett American Revolutionary War hero was born (d.1827). Sampson was the first known American woman to impersonate a man to join the Army and take part in combat. Masquerading as "Robert Shurtlieff," (the ID of her deceased brother), she was the most famous female soldier of the American Revolution.
Though her motives in fighting were patriotic, she had always shown great delight in wearing men's clothing and in drinking "with the boys." For both those "offenses," in fact, she had been excommunicated from the First Baptist Church of Middleborough, Mass.
While in the army, Sampson developed a bit of a reputation as a ladies' man, and the stories of her exploits with women are too numerous to be anything but apocryphal. After serving seventeen months in the Continental Army (and being wounded in the Battle of Tarrytown), Deborah Sampson was discharged by General Henry Knox at West Point.
Twice during her stint in the forces, she was almost exposed. First, during her first battle, on July 3, 1782, outside Tarrytown, New York, she received 2 musket balls in her thigh and an enormous cut on her forehead. She begged her fellow soldiers to just let her die and not take her to the hospital, but they refused to abandon her. A soldier put her on his horse and they rode six miles to a hospital. The doctors treated her head wound, but she left the hospital before they could attend to the musket balls. Fearful that her true identity would be discovered, she removed one of the balls herself with a penknife and sewing needle, but her leg never fully healed because the other ball was too deep for her to reach.
The second time was when, during the summer of 1783, Deborah came down with malignant fever and was cared for by a doctor, Barnabas Binney. He removed her clothes to treat her and discovered the band she used to bind her breasts and, thus, discovered her secret. He did not betray her secret; he took her to his house, where his wife and daughters further treated her.
When Dr. Binney asked her to deliver a note to General John Patterson, she thought that her secret was out. However, General Patterson never uttered a word; instead, she received an honorable discharge from the service, a note with some words of advice, and a sum of money sufficient to bear her expenses home. Thus, on October 25, 1783, General Henry Knox honorably discharged Deborah Sampson from the Army at West Point, after a year and a half of service.
Eight years later, in January 1792, she petitioned the Massachusetts State Legislature for back pay, which the army had withheld from her, since she was a woman. Her petition passed through the Senate and was approved, then signed by Governor John Hancock. The General Court of Massachusetts verified her service and wrote that she "exhibited an extraordinary instance of female heroism by discharging the duties of a faithful gallant soldier, and at the same time preserving the virtue and chastity of her sex, unsuspected and unblemished". The court awarded her a total of thirty-four pounds.
Ten years after that, in 1802, she began giving lectures about her experiences in the army. Deborah enjoyed speaking about serving her country. These speeches were initiated due to her own financial needs as well as a desire to justify her enlistment. But even with these speaking engagements, she was not making enough money to pay her expenses. She had to borrow money from her family and from her friend Paul Revere on many occasions. The soldiers in the Continental Army had received pensions for their services, but Sampson did not because she was female.
In 1804, Paul Revere wrote to Massachusetts' representative, William Eustis, on Sampson's behalf. Revere requested that Congress grant her a military pension. This had never before been requested by or for a woman, but with her health failing and family being destitute, the money was greatly needed. Revere wrote, "I have been induced to enquire her situation, and character, since she quit the male habit, and soldiers uniform; for the most decent apparel of her own sex; and obliges me to say, that every person with whom I have conversed about her, and it is not a few, speak of her as a woman with handsome talents, good morals, a dutiful wife, and an affectionate parent." On March 11, 1805 Congress in Washington obliged the letter, and placed her on the Massachusetts Invalid Pension Roll. This pension plan paid her four dollars a month.
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 Paul Cadmus - portrait by Luigi Lucioni
1904 – Paul Cadmus (d.1999), American painter, is best known for the satiric innocence of his frequently censored paintings of burly men in skin-tight clothes and curvaceous women in provocative poses, but he also created works that celebrate same-sex domesticity.
Born in New York City on December 17, 1904 into a family of commercial artists, Cadmus studied at the National Academy of Design and the Arts Students League. He lived in Europe from 1931 to 1933, where he traveled with artist Jared French and where he produced his first mature canvases.
In the 1930s, Cadmus became the center of a circle of gay men who were prominent within the arts in New York City. This circle included his brother-in-law, Lincoln Kirstein, who helped found the American School of Ballet, and the photographer George Platt Lynes, for whom Cadmus frequently modeled.
In the 1930s, Cadmus used caricature, satire, and innuendo to veil the homoeroticism of his subjects, which radically pushed at the boundaries of acceptability. Cadmus's 1933 painting The Fleet's In! was selected for inclusion in a show at the Corcoran Gallery of Art in Washington, and in 1934 it placed him at the center of a public controversy.
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The Fleet's In
Like many of his early works, the painting is ostensibly heterosexual in its depiction of sailors flirting with young women, who may be prostitutes, but it nevertheless manages to suggest a homosexual exchange between a well-dressed civilian, who sports a red tie, a widely recognized signal of homosexuality from the turn of the twentieth century, and a sailor to whom he offers a cigarette.
The painting's homoerotic subtext led to its removal after the opening of the exhibition. Frequently cited as one of the earliest incidents of government censorship, the removal of the painting was almost certainly motivated by homophobia.
Cadmus's painting Coney Island (1935) also became the subject of controversy. Its portrayal of local residents engaged in provocative (heterosexual) antics enraged Brooklyn realtors, who threatened to file a civil suit against the Whitney Museum of American Art.
Similarly, his commission for the Port Washington post office was also scandalous and was cancelled: the mural he produced, Pocahontas and John Smith (1938), so emphasizes the buttocks and genitals of the Native Americans that it obscures the subject, which is the rescue of John Smith.As a result of Cadmus's notoriety, his 1937 exhibition at Midtown Galleries in New York attracted more than 7,000 visitors.
Other early works of particular interest for their homoeroticism are YMCA Locker Room (1933), Shore Leave (1933), and Greenwich Village Cafeteria (1934). Like The Fleet's In!, these works also document homosexual cruising and seduction.
In Cadmus's paintings, significant exchanges of glances signal sexual longing and availability, often in the very midst of mundane activities. His work documents the surreptitious cruising rituals of an urban, gay male subculture in the 1930s.
Cadmus's painting What I Believe (1947-1948) was inspired by E.M. Forster's essay of the same name, in which the novelist expresses his faith in personal relations and his concept of a spiritual aristocracy "of the sensitive, the considerate, and the plucky. Its members are to be found in all nations and classes, and all through the ages, and there is a secret understanding between them when they meet. They represent the true human condition, the one permanent victory of our queer race over cruelty and chaos."
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What I Believe
Cadmus's allegorical painting, which depicts such figures as Forster and Christopher Isherwood in Socratic poses, makes clear his intellectual allegiance to the humanism that Forster depicted as gravely threatened by fascism.
In still other later works, such as The Bath (1951) and The Haircut (1986), Cadmus explores the joys of his long-term relationship with his partner and model, Jon Andersson. These paintings are particularly touching in their illustration of an entirely ordinary but rarely depicted subject: the domesticity of a same-sex couple.
Although he stopped painting towards the end of his life, Cadmus continued to draw at his home in Weston, Connecticut, particularly portraits and figure studies of Andersson, his favorite model and companion of 35 years.
Cadmus died on December 12, 1999, five days shy of his 95th birthday.
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Tony Tavarossi and bike
1933 – Homo-masculine proto-leatherman Tony Tavarossi (d.1981) was a native San Franciscan who was as important to gay liberation history in San Francisco as his contemporary, the drag-queen politician José Sarria.
He came out at the age of twelve under the tables (literally) in the curtained booths of the South China Café at l8th and Castro streets. He nick-named himself "Tony"; his birth name was Elloyd Tavarossi.
He was a “walking oral historian” who in his own personal history set in motion a “domino effect” in gay liberation history:
Tony Tavarossi founded San Francisco’s first bike bar or leather bar, the Why Not? (1960), where he was himself arrested for propositioning an undercover cop, thus closing the Why Not? in a raid that was a rehearsal for the police raid on the Tay-Bush lnn (1961) which emboldened Chuck Arnett to hire Tony in opening the legendary Tool Box bar (1961) which, as a symbol of masculine mutiny, fortified the gay resolve to found the Tavern Guild (1962) to protect gay citizens from harassment by the San Francisco Police Department.
Tony Tavarossi said later that the gay bar scene in 1966 was a riot led by a mixed crowd of Levis-wearing leathermen, straight-trade hustlers (many of them ex-Gls from World War II and Korea), and tough drag queens.
He died of AIDS ]u1y 12, 1981, two days after the epic fire that destroyed the Barracks baths on Folsom Street, putting an end to the turbulent 1970s.
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Cashman with Paul Cottingham
1950 – Michael Cashman, born in London, is a British former actor, and a Labour politician. He has been a Member of the European Parliament for the West Midlands constituency since 1999.
As a child actor he was cast in the role of Oliver Twist in the original run of Lionel Bart's musical Oliver!, but he is possibly best known for his role as Colin Russell in BBC TV's EastEnders - a character remembered for being a participant in the first gay kiss in a British soap opera. He also appeared in the ITV drama serial The Sandbaggers and the Doctor Who story "Time-Flight".
Cashman was a founder of Stonewall, an Honorary Associate of the National Secular Society and a Patron of The Food Chain, a London-based HIV charity.He is a trenchant critic of discrimination against minorities within the European Union. He is leading a cross-party coalition to tackle the rise in homophobia throughout Europe. He has in the past supported the gay pride march in Warsaw, which he attended. He is also the President of the European Parliament's Intergroup on gay and lesbian issues.
In 2007 he was awarded an honorary doctorate from the University of Staffordshire for his human rights work.
In line with current guidelines the European Parliament paid his domestic partner, Paul Cottingham, £30,000 per annum for his work as Cashman's "Accounts Manager, Personnel Manager and Payroll Administrator". Cashman registered a civil partnership with Paul Cottingham, his partner for 31 years, on 11 March 2006.
In March 2011 Cottingham was diagnosed with a very rare cancer, angiosarcoma, and he died on 23 October 2014 in the Royal Marsden Hospital, London. He was cremated in a humanist service at the City of London Cemetery on 7 November 2014.
Cashman was appointed Commander of the Order of the British Empire (CBE) in the 2013 New Year Honours for public and political service.
On 23 September 2014 he was created a Life Peer taking the title Baron Cashman, of Limehouse in the London Borough of Tower Hamlets, which is also his birthplace.
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1968 – Fabrice Neaud, born in La Rochelle, France, is a French comics artist. He got his baccalaureate in literature (option graphic arts) in 1986. He studied philosophy during two years. Then he entered an art school and studied there four years. In 1991 he quit the school. For four years he had been looking for a job, making a living on various works.
He is a co-founder of the Ego comme X association. In 1994, the first number of the Ego comme X magazine was released. In it, Fabrice Neaud published his first works. It was the beginning of his Journal (which is a diary in comics), an ambitious autobiographical project. The first volume of the Journal was released in 1996. It got a prize Alph'art (best work by a young artist) in Angoulême in 1997.
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From an entry in his Journal
Fabrice Neaud keeps on drawing his Journal. Three more volumes have been published between 1998 and 2002. He published also many short stories in Ego comme X, Bananas and other magazines. Some of his works have been translated into Italian and Spanish. A reviewer notes, "But Neaud isn't a simple diarist: he's also an artist concerned with various problems of our society, including homophobia and gay life in small towns." His works have been the subject of academic papers.
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1979 – United States District Court for the Central District of California Judge Irving Hill rules that the marriage of Australian Anthony Sullivan and US citizen Richard Adams, under a license issued by Boulder County, Colorado in 1975, is not valid for purposes of Sullivan’s immigration.
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1990 – The OutRage Christmas Celebration for London's Extended Queer Family was held in Covent Garden.
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2007 The Parliament of Hungary gives the same rights to registered partners as to spouses with some exceptions: adoption, IVF access, surrogacy, and taking a surname.
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lboogie1906 · 1 year
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Provident Hospital, now a public hospital, was the first African-American-owned and operated hospital in America. It was established in Chicago on January 23, 1891, by Dr. Daniel Hale Williams, an African-American surgeon during the time in American history when few public or private medical facilities were open to black Americans. It was founded to provide health care and medical training. Its initial officers were president John M. Brown, vice president Richard Mason Hancock, treasurer John T. Jenifer, secretary Louis H. Reynolds, and auditor Lloyd D. Wheeler. In 1893, the first documented heart surgery was performed by Dr. Daniel Williams at Provident Hospital and Training School. Though the historic Provident Hospital was forced to close in 1987 due to financial difficulties, it reopened in 1998 as part of the Cook County Hospital System to provide services to residents of Chicago's South Side. It is known as Provident Hospital of Cook County. Alton Abraham, the social entrepreneur associated with Sun Ra, worked here. #africanhistory365 #africanexcellence https://www.instagram.com/p/CnwabarrUJ8/?igshid=NGJjMDIxMWI=
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derek-ferriera · 3 days
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Derek Ferriera - Lincoln Financial Advisors Corporation
Derek Ferriera understands:
Your exit plan objectives.
Your desire to reach financial independence with certainty and tax efficiency.
Your desire to recruit, retain, and reward key employees for their hard work and dedication.
Your need to be equitable in the business you built with your partner.
Your hope to leave a legacy within your family or community after you are gone.
That while you are busy taking care of everyone else in your life, he can help take care of you.
Derek Ferriera is committed to understanding your situation and customizing a comprehensive exit and financial plan to help achieve your goals. Whether you are a business owner, an executive, the bread winner of your family or a company ready to go public, Derek and his team can help you translate your goals into action steps. Derek is a motivating catalyst to take the words from the plan into immediate action.
Derek brings over 30 years of experience to his clients. For many of the 30 years, Derek also coached and developed financial planners to help build successful practices. This provides Derek the depth and breadth of financial planning strategies that will optimize the various objectives his clients desire to reach. His experience on thousands of cases provides his clients the benefit of knowing that their plan will run through multiple design sessions before the appropriate options are presented to the client.
Derek Ferriera is an active member of the business planning community. As a partner in Equity Strategies Group and a Business Intelligence Specialist, he keeps abreast of changes and innovations in the industry. He holds the following designations, certifications and affiliations listed below:
Certified Business Exit Consultant (CBEC®)
CERTIFIED FINANCIAL PLANNER™ Practitioner certification, CFP®, 1990 College of Financial Planning, Denver
Life Underwriting Training Council Fellow designation, LUTCF, 1991
Agency Management Training Council AMTC, 1991
Chartered Life Underwriter designation, CLU, 1993, American College, Bryn Mawr, PA
Registered Employee Benefits Consultant designation, REBC, 1998
Certified Fund Specialist designation, CFS, Institute of Business & Finance, 1998
Board Member of Society of Financial Service Professionals (SFSP)
Member of International Association for Financial Planning, IAFP
Member of American Society of CLU/ChFC
Board Member of The Resource Group of Lincoln Financial Advisors
As a graduate of Cal Poly State University, San Luis Obispo, Derek began his career in 1984 spending time with John Hancock and more recently with C Solutions. Prior to 1984, Derek worked for a nationally known real estate syndication firm running a 200+ unit garden apartment development. Derek has lived in the Bay Area for many years and enjoys sports, music, and travel. Derek and his wife Karen currently reside in Morgan Hill and have two children, Andrea and Alex, two dogs and two cats.
The Decisions are Yours!
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sqinsights · 3 months
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Decoding the Long-Term Care Insurance Market: Where Numbers, Players, and Services Collide
Welcome, curious minds! Today, let’s embark on a rollercoaster journey through the fascinating universe of long-term care insurance. Buckle up because we’re about to unravel a market that’s growing faster than a meme on a Monday morning.
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The Grand Showdown of Figures: 
Hold on to your hats because, according to the not-so-boring report with the catchy ID SQMIG40M2001, the global Long-Term Care Insurance Market was a staggering USD 18.88 billion in 2021. Fast forward to 2030, and we’re looking at a jaw-dropping USD 53.21 billion. That’s a growth rate of 12.3%, making your investment portfolio jealous.
The A-Listers in the Market: 
Now, let’s talk about the big shots in this insurance gala. We’ve got the usual suspects — Genworth, John Hancock, Aviva, Allianz, and the rest. It’s like the Avengers of finance, minus the spandex.
Segmentation Shenanigans: 
The report delves into segments like a treasure hunter in a jungle. We’ve got types — traditional and hybrid (not the car, unfortunately), applications — between 18 and 64 or over 65 (because age is more than just a number), payers — out-of-pocket and public (cue suspenseful music), and services — nursing care and home healthcare. It’s like crafting your own adventure — choose wisely.
Service Smackdown: 
In 2022, nursing care took the spotlight, claiming a massive revenue share of 32.3%. Seems like the elderly have a thing for specialized care. Home healthcare is also making waves — because who wouldn’t want care delivered to their doorstep like a VIP package?
Paying the Piper: 
Public funding flaunted its dominance, claiming a whopping 63.5% of the revenue share in 2022. Meanwhile, out-of-pocket expenses played their role but are predicted to take a back seat in the future. Maybe they need a better scriptwriter.
Global Adventures: 
North America rocked the charts in 2022, securing the throne with a massive 49.3% share. Meanwhile, the Asia Pacific region is all about the family drama. In Thailand, a jaw-dropping 90% of elderly individuals receive care from family members. Talk about a full house.
For More Information: https://www.skyquestt.com/report/long-term-care-insurance-market
Driving Forces and Roadblocks: 
The report spills the beans on increasing awareness surrounding facilities (because apparently, some folks didn’t realize they needed care) and the rising costs of insurance, which is putting a dent in everyone’s pocket. It’s like wanting a first-class ticket but realizing you can only afford economy.
Competitive Comedy: 
The market is a dynamic circus with established brands, emerging players, and niche producers. It’s like a talent show, but instead of singing, they showcase innovations.
Wrap-Up Wisdom: 
There you have it — the not-so-dry breakdown of the long-term care insurance market. Aging populations, rising awareness, and a dash of financial drama — it’s like a blockbuster movie, but with insurance policies.
So, the next time someone tries to impress you with their insurance jargon at a dinner party, throw in some knowledge bombs from this journey. Because who wouldn’t want to be the superhero of insurance discussions?
Until next time, stay insured and keep it classy!
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617–230–0741
Website: https://www.skyquestt.com
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market-spy · 3 months
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Navigating the Maze of Long-Term Care Insurance Market
Hey there, curious minds! Today, let’s embark on a journey into the riveting world of long-term care insurance. Buckle up because we’re about to explore the ins and outs of a market that’s growing faster than a cat video goes viral.
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The Numbers Game: 
So, according to the not-so-boring report I stumbled upon (Report ID: SQMIG40M2001, because who doesn’t love a good ID), the global Long-Term Care Insurance Market was a whopping USD 18.88 billion in 2021. Hold your breath, because by 2030, it’s predicted to hit USD 53.21 billion. That’s a growth rate of 12.3%, folks! Move over, Bitcoin.
The Who’s Who in the Market: 
Now, let’s talk about the players in this insurance circus. We’ve got the usual suspects — Genworth, John Hancock, Aviva, Allianz, and more. It’s like a superhero lineup, but instead of capes, they wear business suits.
Segmentation Shenanigans: 
The report dives into segments like a kid into a ball pit. We’ve got types — traditional and hybrid (not the car, sadly), applications — between 18 and 64 or over 65 (because apparently, age matters), payers — out-of-pocket and public (cue dramatic music), and services — nursing care and home healthcare. It’s like choosing toppings for your pizza, but with a bit more financial weight.
Service Smackdown: 
In 2022, nursing care took the crown, claiming the largest revenue share at 32.3%. Apparently, the elderly have a soft spot for specialized care. Home healthcare is also on the rise — because who wouldn’t want care delivered to their doorstep like a pizza?
Paying the Piper: 
Public funding flexed its muscles, claiming 63.5% of the revenue share in 2022. Meanwhile, out-of-pocket expenses played their part but are expected to take a back seat in the future. Maybe they need a better agent.
Global Adventures: 
North America wore the crown in 2022, securing the largest share at 49.3%. Meanwhile, the Asia Pacific region is all about family support. In Thailand, a whopping 90% of elderly individuals receive care from family members. Talk about keeping it in the family.
For More Information: https://www.skyquestt.com/report/long-term-care-insurance-market
Driving Forces and Roadblocks: 
The report talks about increasing awareness surrounding facilities (because apparently, some people didn’t know they needed care) and the rising costs of insurance, which is putting a dent in everyone’s piggy bank. It’s like wanting a fancy car but realizing you can only afford a bicycle.
Competitive Comedy: 
The market is a dynamic battlefield with well-established brands, emerging players, and niche producers. It’s like a potluck dinner, but instead of dishes, they bring innovations.
Wrap-Up Wisdom:
So, there you have it — the not-so-dry rundown of the long-term care insurance market. Aging populations, rising awareness, and a sprinkle of financial strains — it’s like a soap opera, but with insurance policies.
Remember, folks, the next time someone mentions long-term care insurance at a dinner party, you can impress them with your newfound knowledge. Because who wouldn’t want to be the life of the party, armed with insurance trivia?
Until next time, stay insured and keep it sassy!
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617–230–0741
Website: https://www.skyquestt.com
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iraempirecom · 7 months
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John Hancock Gold IRA
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What is John Hancock Gold IRA?John Hancock Gold IRA Locations, Timings, Email, Phone, Services
John Hancock has been in the financial industry for over 160 years. They offer traditional financial services such as insurance, investments, and retirement accounts. With a large and diverse customer base, John Hancock is a dependable option for all your financial needs.
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While maintaining a solid reputation, John Hancock does present a drawback in terms of its relatively restricted selection of retirement account options. John Hancock Gold IRA claims to meet the needs of its customers by providing a range of financial products and services, including life insurance. Their array of services encompasses fixed and variable-rate annuities, mutual funds, 401(K) retirement plans, college savings accounts, and long-term care insurance. Originating in 1862 in Boston, Massachusetts, the company has secured both a 1.02-star rating and an A+ rating from the Better Business Bureau. This organization is accredited by the BBB, yet it has also garnered over 170 customer complaints within the past three years. In this article, you will learn all about John Hancock Gold IRA. - Address: 197 Clarendon St # C6 Boston, MA 02116-5010 - Phone: (617) 572-6000 - Email: visit jhinvestments.com - Website: https://www.johnhancock.com/index.html - Hours: - Monday - Friday: 8 A.M to 6 P.M ET
People Behind John Hancock Gold IRA: CEO, Owner, Co-Founders & MoreWho owns John Hancock Gold IRA? What is the management team behind John Hancock Gold IRA?
Marianne Harrison (First CEO and President) at John Hancock: Marianne Harrison is a Canadian business leader who was the first female President and CEO of John Hancock. She is a strong advocate for diversity and inclusion in the workplace and is known for her commitment to customer service. She retired from John Hancock in 2023 and is now a board member of Manulife Financial Corporation and a number of other organizations. Here are some specific accomplishments of Marianne Harrison: - Led John Hancock through a period of significant growth and transformation - Launched a number of new products and services, including John Hancock Vitality - Focuses on customer centricity, innovation, and diversity and inclusion - Is a role model for women in business and a champion for positive change
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Brooks Tingle (President & CEO) at John Hancock: Brooks Tingle holds the positions of President and Chief Executive Officer at John Hancock, the U.S. arm of Toronto's Manulife Financial Corporation. He is a vital part of Manulife's Executive Leadership Team. Based in Boston, Mr. Tingle leads John Hancock, a prominent U.S. life insurer that offers financial solutions, such as life insurance and annuities, to over ten million Americans. The company's scope also extends to a distinct Global Wealth and Asset Management division, catering to American investors with its comprehensive investment offerings and retirement planning services. Before assuming his current role in 2023, Mr. Tingle served as President and CEO of John Hancock Insurance. His noteworthy achievement was introducing and implementing the pioneering behavioural insurance solution, John Hancock Vitality. This program rewards life insurance policyholders for engaging in activities that promote better health and longevity.
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In his roles, Mr. Tingle also holds leadership positions on the boards of John Hancock's insurance companies, including John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York. He further contributes to the boards of the American Council of Life Insurers and LL Global. Additionally, he is an active member of the Tufts Nutrition Council for the Gerald J. and Dorothy R. Friedman School of Nutrition Science and Policy.
John Hancock Gold IRA Products: Bullion Coins, Bars, And Rare CoinsAll products offered by John Hancock Gold IRA
Retirement: - Easily access your John Hancock retirement account to manage your savings and plan for your future. Life Insurance: - Access a comprehensive set of tools and resources designed to make managing your life insurance policy hassle-free. - Navigate through policy details, premium payments, beneficiary information, and more with convenience. Long-Term Care: - Learn about efficient ways to manage your individual Long-Term Care (LTC) policy or a group/employer-sponsored LTC plan. - Gain insights into handling claims, policy updates, and related information, ensuring your LTC needs are well-managed. Investments: - Seamlessly access your investment accounts, which include a diverse range of options such as mutual funds, ETFs (Exchange-Traded Funds), IRAs (Individual Retirement Accounts), and 529 investment plans. - Keep track of your portfolio, make investment decisions, and monitor your financial growth with ease. Individual Annuities: - Simplify the process of managing individual annuities by filing claims, searching for relevant forms, and receiving assistance with understanding the benefits associated with annuities purchased either by yourself or through your financial professional. Group Annuities: - If you're entering retirement, currently receiving benefits, or need support in filing a claim for your employer-sponsored annuity, our services are tailored to address your needs. Other Resources: - Dive into a range of additional resources, such as reviewing structured settlement payments, exploring college savings accounts, and gaining insights into other financial products. - These resources provide you with a comprehensive understanding of various financial aspects, helping you make informed decisions for your future.
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How to Invest in John Hancock Gold IRA?Step-by-step guide for investing in John Hancock Gold IRA
John Hancock Gold IRA presents a duo of individual retirement account options, each tailored to distinct preferences. The managed IRA introduces a personalized investment approach guided by experienced financial advisors. These adept advisors take on the responsibility of managing and supervising the IRA, offering professional oversight. Customers gain the ability to monitor the evolution of their retirement account through a user account on the company's website, accessed via an online customer portal. On the other hand, the investments rollover IRA empowers clients to make selections from an array of investment options, aligned with their present requirements. This flexibility ensures alignment with individual financial goals. In the realm of account mobility, clients enjoy the freedom to move funds from other individual retirement accounts without incurring fees at any point during the account's duration. Notably, all funds within the IRA remain tax-deferred until the account holder opts to initiate withdrawals or commence distributions. Facilitating further flexibility, clients have the option to transfer their John Hancock IRA balance to other retirement plans beyond the company's purview, encompassing employer-sponsored retirement plans. Moreover, the company provides a variety of avenues for establishing distributions from these retirement accounts. It's important to note, however, that those seeking a self-directed precious metals IRA involving the physical possession of metals should explore alternative options. While John Hancock Corp. offers a comprehensive range of retirement choices, it does not facilitate gold IRAs, and customers looking to initiate an IRA funded by physical precious metals will need to consider other avenues.
John Hancock Gold IRA Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
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A Brief History of the Public Services of Gen. William Henry Harrison (Part 1)
This was published in the Rutland Herald on May 3rd, 1836. The second part was published in the May 10th issue of this same newspaper, and I did not have it in me to transcribe that article too. I likely never will have it in me.
I do not promise the accuracy of this transcription because parts of the scan were faded and I was typing all of this in one sitting (since I needed to use it as a source for an assignment). Any words in red are words that should especially be called into question, and there is one part of a sentence that was obscured altogether. Some of these typos are intentional however, to reflect the typos within the text (I do not know how to replicate upside-down letters however, because those do show up). If you have any corrections, leave them in the replies and I may or may not eventually get to them (though please assume I won't get to them and upload a corrected transcription of your own).
Anyway, if you want a summary of the article, it's basically just someone going "William Henry Harrison is so cool and epic and won a lot of cool and epic battles wouldn't it be nice if such a cool and epic guy became president?". Warning for period-typical racism.
    The distinguished patriot, soldier, and statesman, who is the subject of this notice, is descended from one of the most illustrious families of that mother of statesmen, Virginia. His father was one of the delegates from that commonwealth to, and a leading member of the memorable Revolutionary Congress. When John Hancock was elected President of that body, and hesitated, through modesty, to take his seat, Mr. Harrison, being a large man, seized Mr. Hancock, who was small, and carried him and placed him in the chair; observing, that they would “let Mother Britain know that Congress would have the man she proscribed to preside over them.” During the revolution he was chairman of the committee of foreign affairs, and was great among the great men of that day. In 1783, he was appointed Governor of his native State, and was one of the most popular Chief Magistrates that ever presided over that commonwealth. He died in 1791, leaving three sons, of whom the subject of this short biographical notice was the youngest.
    WILLIAM HENRY HARRISON, was born at the family seat, called Berkley, twenty-five miles below Richmond, on James River, on the 9th of February, 1773; two years before the commencement of the American Revolution. His early education was at a Grammar School, and afterwards at an Academy in Southampton county, and at the College of Hampden Sydney. After the completion of his academical studies he was placed by his father in his seventeenth year, in the office of Dr. Leiper, a physician of Richmond, as a medical student. After remaining there one year he went to Philadelphia for the purpose of completing his medical studies. But before he reached the city, his father died;ーhe now resolved to quit the medical profession, having entered it only to gratify his parent. Being born and educated in the stormy period of the revolution, the stirring events of that day had made too strong an impression upon his ardent mind, to relish the routine of a profession.ーBut the small estate, which fell to him from his father, made it necessary for him to engage in active life.
    His father’s standing, character and public services secured him many powerful friends, among whom were Edmund Randolph, Secretary of State in the administration of Gen. Washington: Gen. Henry Lee, and Rotert Morris, the financier of the revolution. Mr. Randolph offered him a place in his office, and Gen. Lee proposed to him a commission in the army. He accepted the military offer, and lest his friends should disapprove of the choice attempted to conceal it from them, until all was settled. Mr. Morris,  however, heard of it by chance, and sent for him, in order to dissuade him from it. Young Harrison suspected the cause of the summons, and having made up his mind to enter the army, hastened to the War Office, received his commission, and then repaired to the house of Mr. Morris to receive his advice when too late, to enter the office of the Secretary of State.
    He received the commission of Ensign, in the first regiment of the U. States Artillery, then at Fort Washington, the site of the present city of Cincincati and immediately ret out to join the Army, and reached it a few days after Gen. St. Clair’s memorable defeat.
    He was at that time but nineteen years of age, tall, slender, and apparently wholly unsuited, from the tenderness and luxuriousness of his education, to brace the storms, encounter the hardships and perils, and battle with the beasts and savages of the wilderness. At that time the great valley of the Ohio and Mississippi, now filled with millions of civilized men, was roamed over by countless nations of hostile Indians and the mighty rivers now covered with a hundred steamers, were navigated only by the light canoe. The subdued and humbled red man, that has now reluctantly retired beyond the Mississippi, then stood in power up the banks of the Ohio, the Muskingum, the Sciota, the Miami, the Wabash and the Illinois. Gen. St. Clair’s army having been defeated and cut in pieces, the whole defence of this portion of the frontier devolved upon a small body of men. It was just at the beginning of winter, and such were the hardships in prospect, in this then distant wilderness, surrounded by an exasperated, victorious, savage foe, that the stoutest hearts might have failed, and the hardiest veterans turned pale. Some of his comrades advised, the youthful and unhardened ensign to resign his commission, and take to the civil life. But young Harrison’s was not a spirit to recoil at danger, The same persevering energy and boldness of character, that distinguished him in after times, was here displayed in his contempt of inglorious ease, and love of arduous enterprise. The first duty confided to him was to guard certain pack-horses, bound for Fort Hamilton. His duty was peculiarly uncomfortable, perilous, and difficult, leading to great exposure night and day, and calling for much sagacity, and far more skill than would be looked for in a mere stripling. This duty he performed in a manner, which proved that his abilities were equal to his spirit, and called forth the thanks of Gen. St. Clair.
    At this time intemperance destroyed a large proportion of the young men that entered the army. The hardships and fatigues to which they were exposed, and above all the fashionable custom of the day, reduced at last to the slavery of the bowl, many of the finest young men that entered the service. But our young Ensign strengthened by the advice of Gen. Wilkinson, who succeeded St. Clair in 1792, resisted temptation and laid the foundation of those habits of temperance, which have characterized him through a long life, and which undoubtedly enabled him, as much as any other cause, to undergo the privations of a frontier warfare, amid the heats of summer, and the frosts of winter, in the swamps and impenetrable wildernesses of the North West.
    In 1792, he was promoted to the office of Lieutenant, and in 1793, joined the army of Gen. Wayne. He was shortly after appointed Aid-de-camp, to that gallant commander. He acted in this capacity, in the battle of the 20th of August, upon the Maumee, which resulted the decisive victory over the savages; and his coolness, intrepidity and bravery, were such as to call forth from Gen. Wayne the strongest expressions of applause.
    In 1795, he was raised to the post of Captain, and on the departure of Gen. Wayne for the East, was entrusted with the command of Fort Washington. An end being put to the Indian War by the victory of Wayne, Captain Harrison married the daughter of John Cleves Symmes, the well known purchaser of the Miami country, and in 1797 left the army and was appointed Secretary of the North Western Territory. In 1799, he was elected as a delegate to Congress from this Territory, which then comprised Ohio, Indiana, Illinois, Michigan, and the whole country north of the Ohio, and east of the Mississippi river. While he was in Congress, he originated the present system of land sales, which has been of immense benefit to the whole country.
    Previous to the land system, planned and carried through congress by William Henry Harrison, the public lands were sold in tracts so large, that none but the wealthy could purchase. In some instances, wealthy individuals contracted with the Government for tracts containing from one hundred thousand to a million of acres. The poor man was, consequently, compelled to buy second handed, and at an advanced price. He was at the mercy of the speculator. Mr. Harrison had witnessed the injustice of the operation. He foresaw that it would build up in the west, a land holding arristocracyーa kind of feudal system of barons and vassals, and his republican principles prompted him to resolve to correct the evil. He brought the subject before congress, exposed the injustice and iniquity of the monopoly of the system, that excluded men of small capital from purchasing land, and obtained the passage of a law directing the lands to be sold in small tracts. That alteration placed the poor man on a footing with the rich, and peopled the new States with freeholders and independent farmers. If this had been the last act of William H. Harrison,ーif he had then been fathered to his fathersーhis fame would have survived as a public benefactorーand his country would have owed a statue to his memory.
    Gen. harrison is a Democratic Republican of the school of Jefferson. He has ever been an advocate of states rights and state sovreigntyーof limiting the action of the general government and all its departments, to the powers defined by the constitution and of the right of the people to instruct and control their agents. On this point, the following testimony of a late member of the Senate of the U. States from Ohio, is conclusive.
Extract from a speech of the Hon. Jacob Burnet at a meeting of the citizens of Cincinnati, Ohio, March 19, 1836.
    “Suffer me to notice a falsehood relating to this period of Gen. Harrison’s life, which his enemies have recently propagated. In use of the resolutione adopted by the Van Buren convention in Kentucky, they assert that ‘he is a Federalist of the black cockade cider, in the time of the elder Adams.’ A MORE UNFOUNDED FALSEHOOD WAS NEVER UTTERED. My personal acquaintance with him commenced in 1796, under the administration of Washington. The intimacy between us was great, and our intercourse was constant, and from that time until he left Cincinnati, I was in the habit of arguing and disputing with him of political subjects. I was a federalistーhonestly so, from principle, and adhered to the party, till it dissolved, and its elements mingled with other parties, formed in different principles. I can therefore speak on this point, with ABSOLUTE CERTAINTY, and I affirm most solemnly, that under the administration of Washington, and the administration of the elder Adams, WILLIAM HENRY HARRISON was a firm unyielding republican of the JEFFERSON school. He advocated the election of Mr. Jefferson and warmly maintained his claims again Mr. Adams.”
    When Ohio was made a State, Mr. Harrison was appointed Governor of Indiana by Mr JEFFERSON and removed to Vincennes in 1801. He continued Governor until 1812, and was then appointed by Mr MADISON Commander-in-Chief of the North Western Army.
    The following eloquent and able appeal to the patriotism of the West and the whole Union shows the principles, the talents, and the patriotic devotion to the country, of the man, who afterwards won the title of the Washington of the West.
Extract from Gov. Harrison’s Speech, while Governor of Indiana, to the Legislature of that State delivered on the 18th of August, 1807.
    “I should fail to do justice to my feelings, and perhaps disappoint your expectations, gentlemen, should I neglect on this occasion, to mention a subject which has greatly agitated our country, and called forth the warmest expressions of the patriotic ardor from every class of citizens.
    “The United States, true to the principles which ought to prevail in every Republic, preferring happiness to splendor, and safety to glory, have endeavored to abstract themselves from the entangling politics of Europe, an, by observing the most perfect neutrality to keep clear of those bloody wars, which have so long desolated the finest quarter of the globe. The justice and impartiality of her conduct towards beligerents, have not however, been reciprocated; and, from one of those powers, insult and injury have followed each other in quick succession, and promised satisfaction been anticipated by further outrage, The ships of our merchants, pursuing a legal commerce upon that ocean to which all have an equal right, have been captured and plundered, and their men impressed to serve a foreign tyrant, and shed their blood in battles, in which they have no interest. For these aggressions, our government without mingling with its politics those passions which agitate the breasts of monarchs and which produced the greater part of those wars which overwhelm their unhappy subjects in misery and ruin, have demanded redress but in vain. Still calculating, however, upon the existence of a better disposition, on the part of a power which had injured us, that last record, which is literally a ‘trial of who can do the other the most harm,’ was deprecated by the people as well as by the Government; and, so long as there remained the most distant hope of an amicable adjustment, argument and negotiation were thought preferable to war. This delusion has, however passed away, and given place to the opinion that moderation and forbearance, have mistaken for timidity and fear. Some nations like some individuals, will not profit by the lessons of experience. Great Britain might have remembered that the arms of America were not palsied by the previous use of remonstrances. A blind fatality hurries her on to that destruction which America had no wish te accelerate; and, an act of tyranny and injustice, surpassing any thing that can be found even in the history of her depresdations upon neutrals, has converted a useful friend into a foe, able to punish her for her multiplied aggressions.ーThe blood rises in my cheek, when I reflect on the humiliating, the disgraceful scene of the crew of an American ship of war, mustered on its own decks by a British Lieutenant for the purpose of selecting the innocent victims of British tyranny. But an act of this kind was perhaps necessary to convince all our fellow citizens, that they had nothing to expect from British generosity or justice, when they were opposed to British interests. The unheard of outrage has made a deep impression upon the American mind. Citizens of every political denomination are rallying around the standard of their country; and pledging their lives and fortunes in support of their rights.
    “I should do injustice to the well known patriotism of our territory, to suppose that either yourselves or your constituents, gentlemen, felt less on this interesting occasion than the rest of your countrymen.
    “We are, from our situation peculiarly interested in the contest which is likely to ensue; for who does not know that the tomahawk and scalping knife of the savage are always employed as the instruments of British vengeance. At this moment fellow citizens, as I sincerely believe, their agents are organizing a combination amongst the Indians within our limits for the purpose of assassiation and murder. And if these, their worthy allies, are not let loose to slaughter our women and children, it will not proceed from the humanity and mercy of a nation which vainly boasts of her attainments in every art and science.
    “At this important crisis but one sentiment should animate the breast of every true American; disregarding every personal consideration, he should think only of the tie which binds him to his country; confiding in the wisdom and firmness of his government, he should patiently wait the signal which calls him to the field. How deep the humiliation, how lasting the disgrace, how injurious to the cause of republicanism should the blood of our murdered fellow citizens remain unsatisfied or unrevenged. But it cannot be. Americans must prize too highly their dear bought rights, tamely to surrender them to the proud nation from which they were wrested. A benificent and discriminating Providence will make us the objects of its peculiar care. Another Washington will arise to lead our armies to victory and glory, and the tyrants of the world will be taught the useful lessons that a nation of freemen are not to be injured with impunity.”
    Thus spoke the patriot HARRISON, the very man who was afterwards called by the country to lead our armies to victory and glory.
    As Governor of Indiana he acted as agent for the Government, and in nineteen treaties with the Indians obtained by negotiation SIXTY MILLIONS of Acres of Land, of which he never reserved an acre to himself. At this time the celebrated Tecumseh, began to have great influence with the Indians, and threatened to kill all the Chiefs who signed a treaty by which an immense territory apon the Walarb was ceded to the United States, and declared that it should not be carried into effect.
    At this critical jun culture Gen. Harrison sent him word that if he would come to Vincennes, and sustain his claims, they should, if well founded be respected. 
    He accordingly appeared there, in August, 1810, attended by several hundred warriors.
    The scene is represented as one of intense interest. It is strange that no native painter has seized apon its incidents, and spread them on the never dying canvass. Imagine this athletic, and subtle chief, standing aside from the groups of his countryman, and with all the grace of a natural oratory, claiming the possession of these lands, as the gift of the Great Spirit, never to be alienated by any one tribe, being the common property of all. On this vague and general proposition, he alone rested his claims, when the General replied with argument based on the same mode of reasoning and to which the cunning savage could not reply.
    He asked the chief, if the Great Spirit gave these lands to the Indians as one entire community how it happened that the tribes had different languages and could not all of them understand each other, and why, as the whites where divided into different tribes and had different possessions, the Indians should not also be divided. The General then vindicated the title of the Miamis to the lands in question, and that of the United States, through them, and sat down that his remarks might be interpreted.
    The moment Tecumseh perceived their bearing, and the weakness of his own, he cried out “False, false,” and gave a signal to his warrious, who seized their tomahawks, rose on their feet, and were ready at the slightest motion, to massacre the Gen. and his attendants.
    His presence of mind did not forsake him at this awful moment. He disengaged himself from the arm chair in which he was sitting, and seized his sword, placed himself in an atitude of defence and though attended by a number of unarmed citizens only, he never quailed or blanched before the savages who now threatened his life. The Indians were astounded at his bravery and drew back before his uplifted sabra.
    A Sergant’s Guard of twelve men being near at hand were sent for, although the protection would have been inadequate, had hostilities actually commended, he boldly taxed Tecumseh with his treachery, and directed him to depart instantly for his home. The abashed savage sunk under the rebuke of the Governor and retired.
    Not another man in a thousand would have behaved with so much bravery and presence of mind. His death on that occasion would undoubtedly have led to a general rising of the tribes, and scenes of unmitigated distress in two frontier settlements.
    Before his appointment of Major Gen, as Gov. of Indiana, he commanded in person the troops raised for the defence of the frontiers and to avenge the Indian murders, which has been committed to British instigation, upon the inhabitants of our western settlements. When Governor he fought and gained the bloody battle of Tippecanoe, upon the Wabash.
    Tecumseh, and his brother the Prephet, had the address to bring about a combination of several Indian tribes against the U. States. A number of outrages had been perpetrated, and the most shocking murders committed. Gov. Harrison at the head of the Indiana militia, a small body of the U. States troop, and a detachment of the Kentucky militia and Volunteers, marched to the Prophet’s town upon the Wabash, in order to break up the Indian league, or chastise the savages into submission.ーThe Shawanoe Prophet, had collected a large number of warriors, armed with British muskets, and supplied with British powder, and inspired them with a belief of certain conquest, of the whites.ーBy a rapid march and somewhat circuitous route Gov. Harrison suddenly appeared before the Prophet’s town, and encamped upon the Tippecanoe, a tributary of the Wabash, on the sixth of November 1811. The troops were ordered to sleep upon their arms, and arrangements made in case of an attack in the night. At half past four o’clock in the morning of the 7th; Gov. Harrison, had arisen, and in two minutes more, a signal would have been given for the whole army to rise and form. At that moment the guard was killed by arrows, and the savages headed by the Prophet himself, rushed so furiously to the attack, with tremendous yells, that some of them entered the camp, before many of our men could get out of their tents. The troops were quickly formed, and Governor Harrison immediately, in person, repaired to the point of attack, and ordered two companies to the support of the assailed whose line had been broken. The Indians being repulsed in this quartered, commenced a heavy fire upon the left of the front line of the Infantry under the command of Major Floyd. In a moment Gov. Harrison thread himself at their head, and perceiving that the heaviest fire proceeded from some trees about twenty yards in front, ordered Maj. Davis, a distinguished lawyer and orator who volunteered for the expedition, to dislodge them with his dragoons. Maj. Davis gallantly advanced to the attack, but he was mortally wounded, and his party driven back. Capt. Snelling, at the head of his company, immediately moved forward, when they were dislodged and driven from their advantagous position. The attack then became general along the left flank, the whole front, the right flank and part of the rear line, and lasted until about day break, amid deafening yell and terrible carnage.ーGovernor Harrison went along the lines, encouraging the troops to hold out until daylight, to keep the lines entire, when an effectual charge should be made.
    On the right flank defended by the companies of Spencer and Warwick, the carnage was dreadful. Capt. Spencer and his Lieutenants were all killed, and Capt. Warwick was mortally wounded. Capt. Robb’s company had been driven from their post,ーGov. HARRISON, threw himself at their head, and led them in person to the aid of the gallant Spencer and Warwick, where they fought bravely; having seventeen of their number killed. While the brave Harrison was leading this company to the attack his Aid Col. Owen was killed at his side, and he was himself shot through the hat, and slightly wounded in the head.
    Foreseeing that the enemy would make the last effort upon the flanks he reinforoed the right and left, and gave orders for the charge as soon as morning appeared. As was anticipated, the Indians made just at day break, a desperate assault upon the right and left flanks, with a savage fury, uncommon even with them. The judgment and forsight of the gallant Harrison had prepared the troops for their reception at these points. Immediately after the assault, our troops were ordered to charge, when the Indians were routed with great slaughter being driven at the point of the bayonet, by the infantry, and pursued by the dragoons into a marsh, where they could not be followed. In this battle, which resulted in a decisive victory over a savage foe, nearly two hundred of our brave troops were killed or wounded. The Indians suffered still more. And many of the tribes, disappointed at the result, left the fortunes of the Shawanoe Prophet.
    During the time of the battle, the Prophet kept himself secure, on an adjacent eminence, singing a war song. He told his followers that the Great Spirit would render the bulletts of the white men harmless to the Indians; that the Red man would have light and victory, while their enemies would be involved in darkness and defeat. Soon after the battle commenced he was informed that his men were falling. He told them to fight onーit would need be as he perdicted, and then began to sing louder.
    Tecumseh was not present at this engagement. He was absent from his people, on a visit to the Southern tribes, whom he was endeavoring to unite in the league he was attempting to form against the U.S.
    The Legislature of Indiana and Kentucky, by the following, showed how much the services of this patriot were appreciated at the time.
The following is an extract from a communication of Gen. W. Johnson to his Excellency William H. Harrison, Governor and Commander in Chief in and over the Indiana Territory, November 1811:
    “SinーThe house of Rrepresentative of the Indiana Territory, in their own name, and in behalt of their constitutents, most cordially reciprocate the congratulations of your Exeleency on the GLORIOUS RESULT of the late sanguinary conflict with the Shawanoe Priphet, and the tribes of Indians confederated with him; and when we see displayed in behalf of our country, not only the consummate abilities of the general, but the heroism of the man: and when we take into view the benefits which must result to our country from those exertions; we cannot for a moment, withhold the meed of our applause.”
The following resolution passed the Kentucky Legislature, January 7, 1812.
    “Resolved, by the Senate and House of the State of Kentucky, that in the late campaign against the Indians upon the Wabash, Gov. William H. Harrison has behaved like a Hero, a Patriot, and a General; and for his cool, deliberate, skillful and gallant conduct in the battle of Tippecanoe, he will deserves the warmest thanks of his country and the nation.”
    After this battle Governor Harrison issued his proclamation for volunteers, and in a few days, more flocked to his standard than were wanted, and about 1200 from Kentucky returned home, but held themselves in readiness to march at a moment’s warning. [This is covered by a newspaper fold] says a writer at the time great numbers of mounted Riflemen joined him for a term of forty days, and found themselves with provisons. 
    It was the original design of the Government, that Gov. Winchester, & respectable officer and soldier of the Revolution, should have the command of the North Western Army. In consequence of which, Gen. Harrison, on his arrival at Fort Wayne, took leave of the army, in an affectionate manner, and set out for Indiana Territory, with a body of troops, to break up the settlement of the hostile savages. But President Madison, seeing the confidence that the western people reposed in Gov. Harrison, appointed him commander in Chiefーand his commission reached him in a few day after his resignation to Gen Winchester. From thence commenced one of the most difficult, important and finally successful scenes of operations, during the late war.
    In the spring of 1813, he commanded the army, and defended Fort Meigs upon the Maumee, successfully against a large British and indian force, with a garrison, wholly inadequate to the duty, and with a small supply of balls, which fact he kept secret. This defence, was amongst the most striking events of the war 1812, and inspired the Americans with confidence, from one end of the union to the other. Niles in his Register, in giving an account of the defence says, “We now begin to see the fruition of our hopes in the gallant exertions of the western people and their beloved cheiftain HARRISON, whose official despatch, will warm the heart of every American.” A series of disasters on the Canadian frontier, and the clamor of violent and unprincipled opposition, had caused some of the best friends of the country to begin to fear the result. But the gallant defence of Fort Meigs by Harrison, turned back the tide of war, loosened the bond of that unholy alliance between the British and the Indians, and gave hope and vigor to the friends of the republic. Gen. Procter the commander of the British forces fled, and 2000 of his Indian allies left the British service, in a state of dissatisfactiot, at the result. 
    The following is an extract from a letter from Col. Richard M. Johnson to Gen Harrison, dated “Lower Sandusky, July 4 1813,” which shows the confidence reposed in him by the army under his command.
    “To be ready to march with you to Detroit and Canada, against the enemys of our country, is the first wish of our hearts. Two great objects induced us to come, first, to be at the regaining of our own Territory and Detroit, and at the taking of Malden, and secondly to service under an officer in whom we have confidence. We could not have engaged in the service without such prospects, when we recollect what disasters have attended us for want of good Generals. We do not want to serve under cowards, drunkards old granies, nor traitor, but under one who has proved himself to be PRUDENT WISE, and BRAVE.”
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aarolli · 2 years
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With more than 20 years in the technology industry, Stephen now serves as the SVP of Product at Anaconda. Michael received a PhD and MS in Electrical Engineering from Stanford University, and a BS in Electrical and Computer Engineering from The University of Texas at Austin. Prior to joining Anaconda, Michael served as a consulting assistant professor in the Information Systems Laboratory, a research associate in the Department of Energy Resources Engineering at Stanford University, and a staff scientist in the Department of Applied and Computational Mathematics at the California Institute of Technology. As a recognized subject matter expert in convex optimization, Michael’s open source modeling tools for optimization have twice been recognized with awards from the International Society for Mathematical Programming. He assists clients in the development of advanced Python data science applications using Anaconda Distribution. Michael is a computational mathematician specializing in optimization, signal processing, and simulation, and a contributor in classroom, research, and commercial settings. He resides in Sherborn, Massachusetts and Santa Fe, New Mexico. He is married (37+ years) and has two grown sons and a daughter-in-law, all of whom he adores. Barry is a graduate of Tufts University (BA, Magna Cum Laude) and Columbia University (MBA, Beta Gamma Sigma). Finally, he co-created the first AI program for leaders in EdX.īarry began his career with McKinsey & Company, was a partner and co-leader of Global Research and Innovation at Arthur Andersen, and co-led John Hancock’s $2B Real Estate Equity arm. He has also appeared on CNN, CNBC, Fox News Network, NPR, and Facebook Live. In addition, Barry has delivered more than 500+ keynote speeches to 50,000+ people globally on digital business models. Past and present clients of Barry’s include CEO’s at Neiman Marcus, Barrick Gold, iRobot,, Deloitte, GE Healthcare, Sun Life, ESPN and ATT.īarry has co-authored 1,500 articles for the WSJ, NYT, HBR, MIT, and Forbes six books, including his most recent, The Network Imperative, published by HBR, and 20+ e-books. He also served as a senior fellow and Board Member of the SEI Center at The Wharton School responsible for platform and network business model research.
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He is the founder and CEO of AIMatters, Inc., an AI start up a strategic advisor and board partner at BuildGroup, a growth equity firm that invests in SaaS plus marketplace companies, and an advisor to chairmen and CEOs on their AI powered platform business model transformations. She is a CPA and has a Bachelors in Finance and an MBA from The University of Texas at Austin.īarry is a digital board member, CEO advisor and AI leader. As VP of Finance at Broadwing, Angela led the raising of more than $200 million and managed the company's M&A activities and investor relations functions.Īngela also previously managed financial services and corporate banking as an executive with The Bank of Tokyo Mitsubishi and Deutsche Bank. Previously, as CFO of Trillion Partners, she spearheaded the effort to raise $60 million in debt and private equity for the business.
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In her tenure as the CFO for AirStrip Technologies, a med-tech software company backed by Sequoia Capital, she supported the successful scale of the business and raised more than $100 million in equity and debt financing. Angela is no stranger to crafting financial management plans for technology leaders. With more than 25 years years of executive-level financial development experience for a wide range of businesses, Angela Pierce now provides financial stewardship and executive leadership at Anaconda.
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justassistant · 2 years
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#1060 exposition blvd free
John’s Well Child and Family Center – Hyde Park Elementary School (Walk-Up) Keck Foundation Community Health Center (Walk-Up)Ģ115 N. John’s Well Child and Family Center – Compton W.M. John’s Well Child and Family Center – Dr. Mark Taper Foundation Chronic Disease & Environmental Health Center John’s Well Child and Family Center – Washington Prep Wellness Center I am so pleased that the Housing Authority of the City of Los Angeles (HACLA) heeded my request to distribute masks to its residents, and I was proud to join with HACLA President & CEO Doug Guthrie to safely distribute masks and the location of COVID-19 testing sites to my constituents in Avalon Gardens.” “During this unprecedented crisis, we cannot forget about the needs of public housing residents. “It is imperative that all public housing residents have access to masks during the coronavirus pandemic, which has already impacted more than 64,000 Los Angeles County residents and caused the death of more than 2,600 members of our community,” said Congresswoman Maxine Waters.
#1060 exposition blvd free
Avalon Gardens Public Housing Development, which is located in Congresswoman Waters’ district, is one of many public housing sites that will receive the free masks. As a result, HACLA received 25,000 masks to share with public housing residents. Last month, Congresswoman Waters called for HACLA to provide masks for public housing residents in order to protect the health and well-being of her constituents and vulnerable communities during the coronavirus pandemic. While you’re in the area, stop at other neighborhood attractions such as the USC Fisher Museum of Art, the Hancock Memorial Museum and the Ronald Tutor Campus Center.LOS ANGELES – Congresswoman Maxine Waters (CA-43), Chair of the House Committee on Financial Services, and the Housing Authority of the City of Los Angeles (HACLA) distributed non-surgical, washable masks and the location of local COVID-19 testing sites to residents of Avalon Gardens Public Housing Development on Friday, June 5. Ride the tram to the Expo Park/USC station or travel by bus to one of the nearby stops. Head next door for the Banc of California Stadium, where the Los Angeles FC soccer team plays.Įxposition Park is on the southern side of the University of Southern California’s campus, in the southwestern outskirts of the Downtown Los Angeles district. Home of the USC Trojans, the impressive stadium seats almost 80,000 spectators. It provides information about the African American experience through art displays and historic artifacts.įor a change of scenery, watch a football game at the open-air LA Memorial Coliseum. Learn about an integral part of history in the California African American Museum. The science complex also has an IMAX theater with 3-D screens and a range of family-friendly interactive exhibits. Adjacent, in the California Science Center, study the Space Shuttle Endeavour that successfully completed 25 space expeditions. See the immense dinosaur skeletons in the Natural History Museum of Los Angeles. Turn your attention to the many entertainment complexes on the park’s northern side. Enjoy a picnic on the grass of Christmas Tree Lane Park. Park, an open green space where kids can play games. Purchase food from one of the trucks and stalls beside Jesse Brewer Jr. The Exposition Park Rose Garden contains a charming white gazebo in the midst of gorgeous roses of red and pink. On a sunny afternoon, bring your family to enjoy the enchanting scenery here. Enjoy the great range of activities when you visit Exposition Park. With sports arenas, a science center, a rose garden and a museum devoted to African American history, this downtown space welcomes visitors of all ages.Įxposition Park has numerous iconic sights, making it one of the highlights of Downtown Los Angeles.
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tonireavis · 1 year
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RECORD WATCH FOR BOSTON
After the announcement that men’s marathon GOAT and world record holder, Eliud Kipchoge of Kenya, would be coming to run the Boston Marathon for the first time on April 17, 2023, I flipped through Tom Derderian’s epic Boston Marathon: History of The World’s Premier Running Event to reacquaint myself with the ten men and eight women who were or would become the marathon world record holder who…
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ebouks · 2 years
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Career Warfare: 10 Rules for Building a Successful Personal Brand and Fighting to Keep It
Career Warfare: 10 Rules for Building a Successful Personal Brand and Fighting to Keep It
Career Warfare: 10 Rules for Building a Successful Personal Brand and Fighting to Keep It David F. D’Alessandro, Michele Owens The youngest CEO of John Hancock Financial Services shares his unique strategy for achieving business success, using funny stories to show readers how to make others take a chance for them, how to cultivate a great reputation, how to define and build character, and much,…
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fin-markets · 2 years
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Types of Mergers and Acquisitions
Here are five business endeavors that are generally considered as M&A transactions
Mergers- In a merger, the boards of directors for two companies approve the combination and seek shareholders' approval. For example, Exxon Corp. and Mobil Corp. - the first and second largest oil producers in the United States - made headlines when they announced their merger in 1998. This type of merger is a classic example of a horizontal merger. The megadeal closed at $80 billion, with investors quite literally quadrupling their money in the process. 
Acquisitions- In a simple acquisition, the acquiring company obtains the majority stake in the acquired firm, which does not change its name or alter its organizational structure. An example of this type of transaction is Manulife Financial Corporation's 2004 acquisition of John Hancock Financial Services, wherein both companies preserved their names and organizational structures.
Tender Offers- In a tender offer, one company offers to purchase the outstanding stock of the other firm at a specific price rather than the market price. The acquiring company communicates the offer directly to the other company's shareholders, bypassing the management and board of directors.9 For example, in 2008, Johnson & Johnson made a tender offer to acquire Omrix Biopharmaceuticals for $438 million.10 The company agreed to the tender offer and the deal was settled by the end of December 2008.11
Acquisition of Assets- In an acquisition of assets, one company directly acquires the assets of another company. The company whose assets are being acquired must obtain approval from its shareholders. The purchase of assets is typical during bankruptcyproceedings, wherein other companies bid for various assets of the bankrupt company, which is liquidated upon the final transfer of assets to the acquiring firms.
Consolidations- Consolidation creates a new company by combining core businesses and abandoning the old corporate structures. Stockholders of both companies must approve the consolidation, and subsequent to the approval, receive common equity shares in the new firm. For example, in 1998, Citicorp and Travelers Insurance Group announced a consolidation, which resulted in the Citigroup.
I'll elaborate on these kinds of deals in my upcoming blogs, stay tuned :)
~Lakshya Kapoor
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jgan-catabay · 2 years
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Changing how Black Americans use life insurance could help shrink the racial wealth gap
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Black Americans are more likely to carry life insurance than the average American, but their coverage does little more than provide for funeral costs.
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. But 46% remain underinsured, with their benefits not enough to replace income or provide wealth transfer across generations.
But more coverage could help close the racial wealth gap, experts said, but many Black Americans are missing out because of financial concerns, a misunderstanding of how life insurance works, and mistrust of the industry at large.
“What I hear is, ‘My parents didn’t help me, so I’m just going to bury myself’…[leaving] every generation starting over, unlike other communities where they’re giving legacy to the next generation,” Wendy Edwards, a financial services professional with over 30 years of experience representing New York Life and other insurers, told Yahoo Money. “Instead, we have a financial loss and an emotional loss creating a recipe for disaster.”
Just like insuring a car or home, life insurance protects an individual’s income potential, providing their family with a financial legacy if something happens to them.
The rule of thumb is to have 10 times your annual income in life insurance, according to insurance nonprofit Life Happens, to cover expenses beyond the funeral like housing, mortgage, childcare, health care, and education, so your family won’t be in debt.
Even if you only make $40,000 a year and work at least 35 years, your human capital would be $1.4 million. But many Black Americans aren’t accounting that way and therefore, pass along smaller windfalls to their heirs.
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Only 10% of Black families receive a wealth transfer, versus 46% of white families, according to one 2014 study. The median transfer for Black families who get an inheritance is $52,240, or 60% less than the median transfer for white households.
“Is anybody educating our people that your human capital is worth millions?” Edwards said.
“It’s simple math,” Edwards added. “If you make $100,000 a year and work for 35 years, your human capital is worth $3.5 million. You pay a life insurance premium and automatically create an estate for that amount, whatever that amount is. But I am still getting calls about burial insurance.”
One reason Black Americans may be underinsured is fewer resources.
The average income for Black households was $60,276 in 2020, according to the Census Bureau, compared with $86,770 for white Americans. Black workers historically are hit harder in recessions — including the latest during the pandemic — suffering disproportionate job losses and an unemployment rate that takes longer to recover.
In a 2021 LIMRA study, Black Americans expressed these money worries and were more likely to report concerns about saving for an emergency, reducing student loan debt, and paying monthly bills than Americans overall.
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LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes 2021
“When you have enough savings so the ‘threat of survival is no longer apparent, you can afford to look further down the road to wealth creation and think about where you want to be 20 years from now,” Dr. Pamela Jolly, CEO and founder of Torch Enterprises, a strategic investment firm, told Yahoo Money. “Audacious goals and plans require a margin of safety so you can afford to take a risk; but if you can only afford to see a good meal, you can’t build a place of economic safety.”
‘A disservice to the Black community
There’s also a long history of mistrust of financial institutions, including insurers, among Black Americans.
For instance, MetLife, John Hancock Life, and other life insurance companies in the early 2000s “settled multi-million dollar civil rights lawsuits involving race-based life insurance rates and benefits,” as outlined in the Northwestern Journal of Law and Social Policy’s “Ending Jim Crow Life Insurance Rates,” for the practice of charging Black Americans more for life insurance — marketed as burial insurance — that had little value compared to the premiums paid. This continued into the 1970s.
“The insurance industry and financial services did a disservice to the Black community,” Dr. Jolly said.
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Just this year, the Casualty Actuarial Society also acknowledged “the potential impact of systemic racism on insurance underwriting, rating, and claims practices” in its Methods for Quantifying Discriminatory Effects on Protected Classes in Insurance.
“So when I say you can’t have enough insurance and need at least a half-million policy, they view me as, ‘Oh, she just wants to make money off of me,” Edwards said. “This is where you have a lack of trust.”
Understanding the ‘many benefits to a permanent life insurance
Life insurance also can be complex for everyone with many different types of products with varied benefits and drawbacks. For example, you can outlive a term life insurance policy, while permanent life insurance policies have cash value in addition to death benefits that can be invested.
The LIMRA study found that 68% of Black Americans who have individual life insurance have permanent life insurance with the intent of using the cash value for burial and final expense costs. But that use is missing other ways the cash value can be utilized to help build wealth.
LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes
“One of the greatest benefits of permanent life insurance is the ability to accumulate cash value that grows tax deferred,” Mark Williams, CEO of Brokers International, told Yahoo Money, “and can be accessed in the form of loans, withdrawals, or surrender for the life of the policy,”
Cash value can be used as a retirement savings vehicle or to fund a business, college education, or purchase a home — all ways to create wealth.
“There’s so many benefits to a permanent life insurance policy,” Edwards said. “I got a call from a client who said, ‘Wendy, I’m short on paying the tuition for the kids.’ Okay, I’m going to send you $10,000 from your policy. Another client called and said they were short on closing costs for their home. They didn’t realize they could use the cash value from their permanent life insurance to fund these things.”
“It takes three generations to build legacy wealth, one generation to lose it, and four generations to solidify,” Dr. Jolly’s research into barriers to wealth generation in the Black community showed.
Outside of home ownership, life insurance is one of the most common avenues for wealth creation — if utilized correctly. There is no one size fits all. It’s also just as important for heirs to think of the future when they benefit from a life insurance windfall to build a legacy of wealth.
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“Early in my career, a client struggled to pay premiums. When she died, her son bought a Maxima with the insurance proceeds and drove it off the road the following week. I was so angry,” Edwards said. “Now I see beneficiaries asking how to invest the proceeds and starting their own businesses from the life insurance proceeds.”
#lifehealthadvisors #areteautomation #life #foryou
Date posted: May 13, 2022
Source:https://money.yahoo.com/black-americans-life-insurance-racial-wealth-gap-145830034.html
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thefinancialpyramid · 2 years
Text
Changing How Black Americans Use Life Insurance Could Help Shrink The Racial Wealth Gap
Tumblr media
Black Americans are more likely to carry life insurance than the average American, but their coverage does little more than provide for funeral costs.
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. But 46% remain underinsured, with their benefits not enough to replace income or provide wealth transfer across generations.
But more coverage could help close the racial wealth gap, experts said, but many Black Americans are missing out because of financial concerns, a misunderstanding of how life insurance works, and mistrust of the industry at large.
“What I hear is, ‘My parents didn’t help me, so I’m just going to bury myself’…[leaving] every generation starting over, unlike other communities where they’re giving legacy to the next generation,” Wendy Edwards, a financial services professional with over 30 years of experience representing New York Life and other insurers, told Yahoo Money. “Instead, we have a financial loss and an emotional loss creating a recipe for disaster.”
Just like insuring a car or home, life insurance protects an individual’s income potential, providing their family with a financial legacy if something happens to them.
The rule of thumb is to have 10 times your annual income in life insurance, according to insurance nonprofit Life Happens, to cover expenses beyond the funeral like housing, mortgage, childcare, health care, and education, so your family won’t be in debt.
Even if you only make $40,000 a year and work at least 35 years, your human capital would be $1.4 million. But many Black Americans aren’t accounting that way and therefore, pass along smaller windfalls to their heirs.
Tumblr media
Only 10% of Black families receive a wealth transfer, versus 46% of white families, according to one 2014 study. The median transfer for Black families who get an inheritance is $52,240, or 60% less than the median transfer for white households.
“Is anybody educating our people that your human capital is worth millions?” Edwards said.
“It’s simple math,” Edwards added. “If you make $100,000 a year and work for 35 years, your human capital is worth $3.5 million. You pay a life insurance premium and automatically create an estate for that amount, whatever that amount is. But I am still getting calls about burial insurance.”
One reason Black Americans may be underinsured is fewer resources.
The average income for Black households was $60,276 in 2020, according to the Census Bureau, compared with $86,770 for white Americans. Black workers historically are hit harder in recessions — including the latest during the pandemic — suffering disproportionate job losses and an unemployment rate that takes longer to recover.
In a 2021 LIMRA study, Black Americans expressed these money worries and were more likely to report concerns about saving for an emergency, reducing student loan debt, and paying monthly bills than Americans overall.
Tumblr media
LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes 2021
“When you have enough savings so the ‘threat of survival’ is no longer apparent, you can afford to look further down the road to wealth creation and think about where you want to be 20 years from now,” Dr. Pamela Jolly, CEO and founder of Torch Enterprises, a strategic investment firm, told Yahoo Money. “Audacious goals and plans require a margin of safety so you can afford to take a risk; but if you can only afford to see a good meal, you can’t build a place of economic safety.”
‘A disservice to the Black community’
There’s also a long history of mistrust of financial institutions, including insurers, among Black Americans.
For instance, MetLife, John Hancock Life, and other life insurance companies in the early 2000s “settled multi-million dollar civil rights lawsuits involving race-based life insurance rates and benefits,” as outlined in the Northwestern Journal of Law and Social Policy’s “Ending Jim Crow Life Insurance Rates,” for the practice of charging Black Americans more for life insurance — marketed as burial insurance — that had little value compared to the premiums paid. This continued into the 1970s.
“The insurance industry and financial services did a disservice to the Black community,” Dr. Jolly said.
Tumblr media
Just this year, the Casualty Actuarial Society also acknowledged “the potential impact of systemic racism on insurance underwriting, rating and claims practices” in its Methods for Quantifying Discriminatory Effects on Protected Classes in Insurance.
“So when I say you can’t have enough insurance and need at least a half-million policy, they view me as, ‘Oh, she just wants to make money off of me’,” Edwards said. “This is where you have a lack of trust.”
Understanding the ‘many benefits to a permanent life insurance’
Life insurance also can be complex for everyone with many different types of products with varied benefits and drawbacks. For example, you can outlive a term life insurance policy, while permanent life insurance policies have cash value in addition to death benefits that can be invested.
The LIMRA study found that 68% of Black Americans who have individual life insurance have permanent life insurance with the intent of using the cash value for burial and final expense costs. But that use is missing other ways the cash value can be utilized to help build wealth.
LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes
“One of the greatest benefits of permanent life insurance is the ability to accumulate cash value that grows tax deferred,” Mark Williams, CEO of Brokers International, told Yahoo Money, “and can be accessed in the form of loans, withdrawals, or surrender for the life of the policy,”
Cash value can be used as a retirement savings vehicle or to fund a business, college education, or purchase a home — all ways to create wealth.
“There’s so many benefits to a permanent life insurance policy,” Edwards said. “I got a call from a client who said, ‘Wendy, I’m short on paying the tuition for the kids.’ Okay, I’m going to send you $10,000 from your policy. Another client called and said they were short on closing costs for their home. They didn’t realize they could use the cash value from their permanent life insurance to fund these things.”
“It takes three generations to build legacy wealth, one generation to lose it, and four generations to solidify,” Dr. Jolly’s research into barriers to wealth generation in the Black community showed.
Outside of home ownership, life insurance is one of the most common avenues for wealth creation — if utilized correctly. There is no one size fits all. It’s also just as important for heirs to think of the future when they benefit from a life insurance windfall to build a legacy of wealth.
“Early in my career, a client struggled to pay premiums. When she died, her son bought a Maxima with the insurance proceeds and drove it off the road the following week. I was so angry,” Edwards said. “Now I see beneficiaries asking how to invest the proceeds and starting their own businesses from the life insurance proceeds.”
Credits: Ronda Lee
Date posted: May 13, 2022
Source: https://money.yahoo.com/black-americans-life-insurance-racial-wealth-gap-145830034.html
#business #areteautomation #automation #software #technology #ethos #lifeinsurance #insurance
0 notes
halcyondaysforyou · 2 years
Text
Changing how Black Americans use life insurance could help shrink the racial wealth gap
Tumblr media
Black Americans are more likely to carry life insurance than the average American, but their coverage does little more than provide for funeral costs.
Fifty-six percent of Black Americans have life insurance, according to a study by LIMRA and Life Happens, compared with 52% of all Americans. But 46% remain underinsured, with their benefits not enough to replace income or provide wealth transfer across generations.
But more coverage could help close the racial wealth gap, experts said, but many Black Americans are missing out because of financial concerns, a misunderstanding of how life insurance works, and mistrust of the industry at large.
“What I hear is, ‘My parents didn't help me, so I'm just going to bury myself’…[leaving] every generation starting over, unlike other communities where they're giving legacy to the next generation,” Wendy Edwards, a financial services professional with over 30 years of experience representing New York Life and other insurers, told Yahoo Money. “Instead, we have a financial loss and an emotional loss creating a recipe for disaster.”
'It's simple math'
Just like insuring a car or home, life insurance protects an individual’s income potential, providing their family with a financial legacy if something happens to them.
The rule of thumb is to have 10 times your annual income in life insurance, according to insurance nonprofit Life Happens, to cover expenses beyond the funeral like housing, mortgage, childcare, health care, and education, so your family won’t be in debt.
Even if you only make $40,000 a year and work at least 35 years, your human capital would be $1.4 million. But many Black Americans aren’t accounting that way and therefore, pass along smaller windfalls to their heirs.
Tumblr media
Only 10% of Black families receive a wealth transfer, versus 46% of white families, according to one 2014 study. The median transfer for Black families who get an inheritance is $52,240, or 60% less than the median transfer for white households.
“Is anybody educating our people that your human capital is worth millions?” Edwards said.
“It’s simple math," Edwards added. "If you make $100,000 a year and work for 35 years, your human capital is worth $3.5 million. You pay a life insurance premium and automatically create an estate for that amount, whatever that amount is. But I am still getting calls about burial insurance.”
Financial concerns
One reason Black Americans may be underinsured is fewer resources.
The average income for Black households was $60,276 in 2020, according to the Census Bureau, compared with $86,770 for white Americans. Black workers historically are hit harder in recessions — including the latest during the pandemic — suffering disproportionate job losses and an unemployment rate that takes longer to recover.
In a 2021 LIMRA study, Black Americans expressed these money worries and were more likely to report concerns about saving for an emergency, reducing student loan debt, and paying monthly bills than Americans overall.
Tumblr media
LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes 2021
“When you have enough savings so the ‘threat of survival’ is no longer apparent, you can afford to look further down the road to wealth creation and think about where you want to be 20 years from now,” Dr. Pamela Jolly, CEO and founder of Torch Enterprises, a strategic investment firm, told Yahoo Money. “Audacious goals and plans require a margin of safety so you can afford to take a risk; but if you can only afford to see a good meal, you can’t build a place of economic safety.”
'A disservice to the Black community'
There’s also a long history of mistrust of financial institutions, including insurers, among Black Americans.
For instance, MetLife, John Hancock Life, and other life insurance companies in the early 2000s “settled multi-million dollar civil rights lawsuits involving race-based life insurance rates and benefits,” as outlined in the Northwestern Journal of Law and Social Policy’s “Ending Jim Crow Life Insurance Rates," for the practice of charging Black Americans more for life insurance — marketed as burial insurance — that had little value compared to the premiums paid. This continued into the 1970s.
“The insurance industry and financial services did a disservice to the Black community,” Dr. Jolly said.
Just this year, the Casualty Actuarial Society also acknowledged “the potential impact of systemic racism on insurance underwriting, rating and claims practices” in its Methods for Quantifying Discriminatory Effects on Protected Classes in Insurance.
“So when I say you can’t have enough insurance and need at least a half-million policy, they view me as, ‘Oh, she just wants to make money off of me’,” Edwards said. “This is where you have a lack of trust.”
Understanding the 'many benefits to a permanent life insurance'
Life insurance also can be complex for everyone with many different types of products with varied benefits and drawbacks. For example, you can outlive a term life insurance policy, while permanent life insurance policies have cash value in addition to death benefits that can be invested.
The LIMRA study found that 68% of Black Americans who have individual life insurance have permanent life insurance with the intent of using the cash value for burial and final expense costs. But that use is missing other ways the cash value can be utilized to help build wealth.
LIMRA/Life Happens study Black Americans: Life Insurance Ownership and Attitudes
“One of the greatest benefits of permanent life insurance is the ability to accumulate cash value that grows tax deferred," Mark Williams, CEO of Brokers International, told Yahoo Money, "and can be accessed in the form of loans, withdrawals, or surrender for the life of the policy,”
Cash value can be used as a retirement savings vehicle or to fund a business, college education, or purchase a home — all ways to create wealth.
“There's so many benefits to a permanent life insurance policy,” Edwards said. “I got a call from a client who said, ‘Wendy, I'm short on paying the tuition for the kids.’ Okay, I'm going to send you $10,000 from your policy. Another client called and said they were short on closing costs for their home. They didn’t realize they could use the cash value from their permanent life insurance to fund these things.”
Wealth building
“It takes three generations to build legacy wealth, one generation to lose it, and four generations to solidify,” Dr. Jolly’s research into barriers to wealth generation in the Black community showed.
Outside of home ownership, life insurance is one of the most common avenues for wealth creation — if utilized correctly. There is no one size fits all. It's also just as important for heirs to think of the future when they benefit from a life insurance windfall to build a legacy of wealth.
Tumblr media
“Early in my career, a client struggled to pay premiums. When she died, her son bought a Maxima with the insurance proceeds and drove it off the road the following week. I was so angry,” Edwards said. “Now I see beneficiaries asking how to invest the proceeds and starting their own businesses from the life insurance proceeds.”
Credits to: Ronda Lee
Date posted: May 13, 2022
Source:https://money.yahoo.com/black-americans-life-insurance-racial-wealth-gap-145830034.html
1 note · View note