Month: December 2015

Avail Multiple Benefits With Term Insurance Plans

Life insurance has become an integral part of our day-to-day lives because it helps one focus on the essential elements such as financial planning. These risk covers help you save and allow you to ensure the safety of your beloved family. These plans benefit you in multiple ways and some of them are as follows:

term insurance plan

Term plans are cost-effective

These plans are comparatively economical and are available at lowered rates; hence, are one of the most preferred forms of insurance. You can avail a higher amount of loan at an economical rate which turns it into one of the most cost-effective plans.

Serves as a risk cover

This is a pure risk cover plan which means that the payment would only take place after the demise of the policy holder. The only important point that you need to note is that if the tenure ends early, then you will not be entitled to the amount.

The most important form of risk cover

Term insurance plans are designed for all those who wish for a budget plan but with a greater number of benefits than a usual plan. You can begin with a smaller investment at a lower rate while the cover amount is greater. This means that this plan is quite beneficial especially during times when something unforeseen happens.


Term plans are mostly suited for all those who have a greater financial liability than most. This also means that it is advisable to start saving young and opt for a term plan since the premiums then would be generally low. This is an ideal plan for all those who have dependents and a lot of liability. This plan will help you from issues arising for home loans and education, especially after untimely demise.

So opt for a term insurance plan if you wish for some protection and fulfill your financial dreams without any cares or worries.






Top 10 African-American Owned Businesses By Poonkulali Thangavelu | December 16, 2015

There are about 8 million minority-owned businesses in the United States, according to a 2012 survey by the Census Bureau. Of these, about 2.5 million are owned by African-Americans. African-American-owned firms account for about 10 percent of the approximately 27 million in total of U.S businesses. These black-owned firms raked in more than $185 billion in gross receipts and had more than a million people on their payrolls, the Census Bureau reports. This compares to total gross receipts of $1.6 trillion for all minority-owned firms, and $33.5 trillion for all U.S. firms.

Here’s a look the top revenue of these black-owned businesses for 2014, by revenue, based on a ranking by Black Enterprise magazine. Several of these firms are suppliers to the automotive industry, while there are also a few enterprises in the food services industry. (See also: Auto Parts Suppliers Benefit From Growing DIY Trend.)

World Wide Technology, Inc., a Maryland Heights, Mo-based IT products and services firm, was started in 1990 by David Steward, who remains chairman of the board. This firm enables its customers to implement technology. With more than $6 billion in revenue at the end of 2013, the firm employs about 3,000 people.
ACT-1 Group, Inc. a business founded by Janice Bryant Howroyd in 1978, is a global firm that helps other businesses manage their workforce and employment needs. Based in Torrance, Calif., the firm started off as an employment agency. As of 2013, the firm employed more than 2,000 people and its revenues were about $2.2 billion.
Bridgewater Interiors, LLC a Detroit-based firm, is in the business of supplying automotive parts. Founded in 1998 and led by CEO Ronald Hall, Sr., the firm is a joint venture between Epsilon Technologies and Johnson Controls, Inc. With an employee base of about 1,500, the firm generated $1.5 billion in revenue at yearend 2013.
Modular Assembly Innovations LLC is another firm in the automotive parts manufacturing business, Modular Assembly Innovations is based in Dublin, Ohio, with CEO Billy Vickers at the helm. The firm employs about 250 people and enjoyed revenues of about $1.2 billion at the end of 2013.
Manna Inc., a Louisville, Ky.-based company makes its money as a fast food franchise business. Led by CEO Ulysses Bridgeman, Jr., this firm is now the second-largest Wendy’s franchise owner in the United States, according to Louisville Business News. Employing about 14,000 people, the firm enjoyed revenues of about $630 million in 2013.
The Anderson-Dubose Company is another black-owned firm whose success is based in the food industry. This Lordstown, Ohio-based firm is engaged in the business of providing food and paper supplies to McDonald’s and Chipotle restaurants. Under CEO Warren E. Anderson, the firm employed about 400 people and generated about $545 million in revenue in 2013.
Detroit-based Global Automotive Alliance, LLC an automotive parts supplier, started off in 1999 as an alliance of participating companies that did business with automobile manufacturers. Under CEO William F. Pickard, the company employed about 1400 people and made about $520 million in revenue as of 2013.
Read more: Top 10 African-American Owned Businesses
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