Our MyCare Plan™ Program
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My Care Plan: Protect Your Assets and Determine Who Makes Decisions On Your Behalf:
- Living Will and Trust
- Financial Power of Attorney
- Healthcare Power of Attorney
What is MyCare Plan™?
MyCare Plan™ is our way of helping clients plan for life's uncertainties. It includes a variety of planning tools and options so that your clients may set forth their long term health care and financial wishes for themselves and their family.
Specifically, MyCare Plan™ will assist your clients with the following essentials:
1. Preparing a Financial Power of Attorney and a Health Care Power of Attorney - enable your clients to talk to family members now to decide how to handle their financial and medical affairs should they become incapable of making their own decisions.
2. Prepare a will and establish a living trust that will distribute their property according to their wishes after they die.
Who needs MyCare Plan™?
MyCare Plan™ is something everyone needs to do, not just "wealthy" people. You don't need to be rich to become ill or injured, nor do you need to be wealthy to provide for and protect your family's financial affairs.
MyCare Plan™ will put your clients in greater control of the financial and health care decisions that directly affect their lives and the lives of their family.
Plan while you can. It's not enough to simply want to do the right thing; you need to make sure it happens. Let MyCare Plan™ turn your good intentions into good planning and security for your family.
Listed below are the most frequently asked questions regarding our MyCare Plan™ service:
What is a living trust?
A living trust is a flexible tool you may use in creating your estate plan. A living trust may be used to delay the distribution of assets after your death, avoid probate, or minimize estate taxes, depending on how it is drafted. A living trust also acts as an asset protection device to keep your assets safe.
How does a living trust differ from a testamentary trust?
A testamentary trust is any trust created in a last will. By definition, a testamentary trust must go through probate, is only effective after your death, and is irrevocable. On the other hand, a living trust avoids probate, becomes effective during your lifetime, and is revocable during your life. A living trust is also sometimes known as a revocable grantor trust.
Do I need a last will if I have a living trust?
A living trust and a last will function together. A living trust is only part of a complete estate plan. There are valid reasons for keeping some of your assets outside of the trust. Or, you may acquire assets in the future that you forget to transfer to the trust. When you die, these non-trust assets will need to be transferred to the living trust. A "pourover will" will take any assets kept outside of the trust during your lifetime and put them in your trust at death.
Our Credit Restoration Program Includes:
- Initial Credit Report & Credit Scores
- Reminder Letters to our customers
- Five Challenge Cycles
- Online customer progress reports available for viewing 24/7
- Customer Service Call Center available Mon-Fri 9:00am – 5:00pm, est.
- Written Money-Back Guarantee
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Credit Reporting Guidelines
» The Fair Credit Reporting Act (FCRA) was designed to promote accuracy and to ensure that the credit reporting agencies maintain precise information regarding consumer credit.
» The Federal Trade Commission (FTC) enforces the FCRA and is the watchdog over the three credit reporting agencies. The FTC enforces fines and may shut down any business that does not operate in compliance with the FCRA.
» The FTC stipulates the maximum length of time a negative item can stay on a consumer's credit report is 7 years, unless it is a Public Record. Bankruptcy and other public records may be legally allowed to remain on the credit report for 10 years.
» The Credit Reporting Agencies have 30 days to investigate our challenges according to the FCRA. The agencies can verify, modify, or delete a negative item in question. If a creditor takes longer than 30 days to respond back to the CRA for their request for investigation, the information should be automatically deleted.
» It is important to note that the agencies are allowed to temporarily delay sending the consumers back their updates by sending a notification within the 30 days that they have received the requests and an investigation is pending.
» The FTC also regulates the Fair Credit Billing Act (FCBA), which is designed to protect consumers from inaccurate information by their original creditors. The FCBA states that the consumer is not liable for unauthorized charges and other billing mistakes by their original creditor. The FCBA also states that that the original creditor is responsible for verification of any adverse account that the consumer challenges, and also responsible for any illegal activities by third party collection agencies that the original creditor assigns the account to.
» The FCBA bounds original creditors to correct inaccurate reporting of information to the credit reporting agencies.
» Fair, Isaac and Company of California originally developed the concept of the credit scoring model for use by financial institutions. Today, most credit agencies and lenders calculate your credit score (FICO) based on their formula.
» Credit scores are being used increasingly by potential employers as a considering factor for hiring.
» Credit scores are now being used on a small scale to determine auto insurance and utility rates.
» The credit score is a computation of many different factors, including payment history, proportion of debt to available credit, and amount of credit used.
» The length of a consumer's credit history counts towards 15% of consumer credit scores.
» A consumer's payment history counts towards 35% of credit scores.
» The type of credit a consumer has open determines 10% of their credit score. The different types of credit include: secured - mortgages, unsecured/revolving - credit cards, installment - car payments and small home improvement loans.
» In calculating credit scores, the amount owed is an important indicator of a consumer's credit worthiness, and equates to 30% of their credit score. If a consumer is carrying high balances on many accounts, creditors may see this as a sign of financial overextension, or possibly irresponsible credit use, and may assign the consumer a high risk. Consumers should make every attempt to keep account balances at 35% of their allowable credit limit.
» The amount of newly established credit accounts for 10% of the credit score.
» The best way for a consumer with little or no credit history to establish good credit is by applying for a secured credit card and making the payments on time.
Our Identity Theft Program -LifeLock
What is LifeLock?
LifeLock, the industry leader in proactive identity theft protection, offers a proven solution that prevents your identity from being stolen before it happens. LifeLock will protect your identity and personal information for only $99 - and the service is guaranteed up to $1,000,000. LifeLock also offers an identity theft and child protection program, so guarantee your security today and enroll now.
What does LifeLock offer clients?
First, LifeLock asks the credit bureaus to set free fraud alerts on your behalf.
Second, approximately every 90 days LifeLock asks the credit bureaus to renew the fraud alert.
Third, LifeLock will request that your name be removed from pre-approved credit card and junk mail lists. (Requests are made continuously as they expire.) Statistics show that this is a common way thieves steal identities. Many of LifeLock members say that this alone is worth the price.
Fourth, LifeLock orders your free annual credit reports on your behalf from the major credit bureaus and sends them directly to you every year.
Fifth, hassling with lost or stolen wallets is no longer a problem with WalletLock™. If ever your wallet goes missing, just give LifeLock a call - anytime, anywhere - and a WalletLock specialist will help you contact each credit card, bank or document issuing company to cancel your affected accounts and complete the paperwork necessary to replace your lost documents*, including your credit/debit cards, driver's license, Social Security card, insurance cards, checkbook - even travelers checks - at no additional cost.
Sixth, LifeLock will help you shut down potential identity threats fast with their identity monitoring package:
- eRecon™ scours known criminal websites for the illegal selling or trading of your personal information (including your Social Security number, credit card number, driver's license and email address, if provided) and informs you when something is found.
- TrueAddress™ notifies you when any new address information associated with your name is detected in address databases nationwide. This helps alert you if a criminal has changed your address to steal mail and obtain your financial information.
Last, but certainly not least: If your Identity is stolen while you are a member of LifeLock, they are going to do whatever it takes to recover your good name. If you need lawyers, they are going to hire the best they can find. If you need investigators, accountants, case managers, whatever, they're yours. If you lose money as a result of the theft, they are going to give it back to you.
LifeLock will do whatever it takes to help you recover your good name and will spend up to $1,000,000 to do it.
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