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iSteward is associated with financial services and online private portal for individuals to track and gather all financial assets online and monitor them. iSteward includes financial planning software for clients of Stewardship Matters. Those that desire to have someone advocate for them or for others will find this tool very comprehensive. The backbone of the platform has been around since 1999.
iSteward is registered with the State of Florida.
There are three key ways ICE or In Case of Emergency is being utilized today.
1) Wallet or purse ICE card. Great because we do not always have a phone with us and even then batteries go down. Contact Jane at 123-456-7890 Allergic to bees
2) Place dash and then the letters ice -ICE so this contact shows up a t the top of your contacts. -ICE Mary and -ICE David and -ICE Joan. Some add a sticker on back of phone with ICE printed.
3) you could use an app like iEmergency+ from Apple to download and have information placed in the APP to get rapid response teams more inform as to medical conditions.
I shared this with a friend of mine and she told me one of her best friends was at a hospital for 5 hours and nobody knew who she was or what to do next as she was in a coma. This could have great helped for responders, friends and especially the one needing proper attention.
As new money flows into life settlement investments and the marketplace recovers from the economic downturn, term life settlements lead the way. The reason is that settling a convertible term life policy can work especially well for both policy holders and investors.
For investors, settling a convertible term policy usually means that they will be buying a policy that is convertible to the latest generation of universal life. Newer policies often feature lower mortality rates than older policies. Getting a brand new policy also gives investors the opportunity to manage the policy premium flow to maximize their internal rate of return on the death benefit. The combination of these factors puts convertible term insurance at the top of most life settlement investors’ shopping lists. This, of course, translates into better offers for insureds.
From the policy holder’s standpoint, settling a term policy can also be a great opportunity. Term is usually bought to cover a temporary, rather than permanent, life insurance need. When the need ends, the life insurance policy is usually allowed to lapse. A term life settlement is a great way to obtain some salvage value for a policy that would otherwise terminate without value.
Since the final quarter of the calendar year is the busiest in the life insurance business, many term policies have issue dates, and therefore renewal dates, in the fall. The policy anniversary is frequently when policies are lapsed because their premium guarantee period ends. Commonly, it is also when the conversion privilege expires. These are critical dates for insureds to make decisions about the future of their term policies. If and when the decision has been made to lapse the policy, then a life settlement should be considered.
Found Money idea is that you discover money you did not know existed. Life Settlements buying a Term Insurance policy is one example of found money concept. You were going to stop paying the premiums on a Term policy and now with a little effort to get your situation addressed and shop the markets you could be putting money in your pocket. What kind of money are we talking about? 69 year old with Term policy for $1 million could get $70,000 cash today for selling a policy that was going to lapse. Good Stewardship or management should look for uncovering money and resources and Life Settlement Market is one of those resources.
As your wealth grows your life gets more complex. Are you prepared? Do you have a comprehensive financial plan in place? Now, are you asking yourself what is a comprehensive financial plan and what does a it look like? How can having a plan help you and your advisors make your life less complicated?
The Success Formula: Starts with you taking a personal inventory; your needs and goals, time frame of investing and for retirement and what is your comfort level of risk. The plan should address GAP analysis, a gap analysis is the comparison of actual performance with potential performance, then provide specific plan to help you take better control of your financial future. We believe that better clarity leads to wiser decision making.
You and your team of advisors can have real collaboration and efficiency when you have a “Live Plan”. The Live Plan is automatically updated daily and is in an easy to understand and use format, which provides you the best up to date reporting of your financial plan. If you do not have a team we can help you assemble one.
The short 4 minute video below goes deeper into what a “Live Plan” looks like and how it will benefit you and your family.
Are you responsible for an elderly parent or relative? Let me share with you a story of one of my clients, and ask yourself does this sound familiar.
Roger is 66, this year he has finally retired after years of hard work, but unfortunately he is working as hard as ever because his aging mother and aunt are suffering from various illnesses, including both physical and mental issues including the onset of Alzheimer’s. He travels to see them frequently and does his best to monitor their bank accounts and to help them both with bills and money issues. Each day he logs into their different accounts and attempts to monitor all their activity, banking, credit cards and household expenses, it is time consuming and a major burden and only something that you would do for a loved one.
If you or someone you know is like Roger, caring for another person’s finances, helping with their health issues, and you are getting worn out, please consider a using a process that family trustees and advocates have used for over a decade.
iSteward, is a tool and process to help those like Roger that are overwhelmed by the time and energy it takes to stay on top of their loved ones that mean so much. How can iSteward help?
iSteward is a fast and easy way to organize and make the complex more simple. It is a private, safe and secure website where everything can be monitored and reviewed with the touch of your fingertips. There are custom alerts in one place for all accounts. No need to login to all the accounts and monitor anymore as iSteward has tools to help you. We like to think of it as a personal financial home page, with added layers of safety and security.
First, iSteward is NOT is transaction site. What do we mean by that phrase? No movements of money whatsoever, unlike banking, credit card and brokerage account sites, there is never any movement of your funds through iSteward. This web portal is designed to ease security pressures and allow for the very best in monitoring and reviewing of all your different accounts.
If you are working with multiple professionals, such as a health care advocate, an elder-care attorney, tax professionals and financial advisors, iSteward process will serve as a central depository for secured information. You no longer have to trust on outside emails and attachment files; rather utilize the iSteward state of the art file security system to deliver sensitive materials to those different professionals.
As we all grow older and have become more cautious over technology, the more sense it makes to have a secured Non-Transactional portal to see everything and be on top of it all in one place. This safe and intuitive process is easy to set up and monitor all activities of brokerage accounts, banking, tax, insurance and legal issues. There are thousands of professionals using this technology daily to do just that- collaborate and provide secure information and planning.
Want to learn more then check out other iSteward blogs and articles at www.StewardshipMatters.net, and while you are there watch a short video on iSteward.
You have dedicated your years of your life to the game. You are expected to provide consistency everyday and make the big play at critical times. This is the way you engage life, and you do it for you, your family and for your fans.
Like a coach that helps you take a next right step, we are there for you. We help you clarify and prioritize your goals because you may only get one chance. We want to help you grow and protect your hard earned assets.
iSteward is a process, and the with aid of a private and secure web portal, we provide a place to get your financial game organized. It allows for you to plan for your future, and helps you to keep your budget and spending under control.
This process will make you the head coach of your financial team, allowing you to share parts or your entire financial plan with your different advisors. This will give you greater control and clarity of your future, and allows you to choose which parts of your financial plan need to be changed as your personal future changes.
As a professional athlete you know success comes from discipline, hard work and experience. Let iSteward do the hard work and help provide the experience and you provide the willingness to see clearly and act responsibly as a trusted steward.
Watch the short two minute video on how iSteward can help you.
How can iSteward help advocates, guardians and relatives of the elderly?
Weekly, I seem to meet individuals dealing with an elderly parent or relative and other professionals dealing with elderly clients, who are looking for and in the need of a financial advocate or at the least a good financial monitoring process.
Eldercare attorneys are teaming up with specialized consultants and advocates that look into medical and prescription drug overview for issues of health fraud on the elderly. Why not incorporate financial overview as well?
We have all read about or have heard that identity theft is at the top of the IRS Dirty Dozen list of scams. The radio and TV ads pound us to get a service that helps protect, monitor and defend our identities and other important information; both personal and financial. They warn of the growing threat of theft through technology and for the thieves that prey especially on the elderly.
Here is an example closer to home that you would never think would happen. It sicken me to learn of a nephew of a client of mine that had set himself up as co-owner or joint owner of a bank account with his aging aunt. He then helped himself to more than $100,000 over a two year period without his aunt knowledge. Thinking she would not miss it and likely to pass away before anyone would miss it. He defrauded and cheated not only his aunt but his cousins out of money and ruined his family ties to other family members. He was able to take and not be watched by anyone except the aging widow who trusted him. I still think about these issues and have asked myself what can the financial services industry do to help those watching over their elderly relatives?
Nothing is fool proof or perfect at this point of time in the area of personal financial security, but the iSteward process will allow for clean and secure monitoring process and help you to stay on top of all your finances and can help you save money and your time.
iSteward is a safe and secure web portal that can monitor and track most anything online dealing with the finances. Bank accounts, insurance policies, brokerage accounts, mortgages, and credit unions are easy to monitor and you can receive alerts both custom and automatically based on your personal preferences. What make iSteward unique is that it is not a transactional site and has the highest security protocols in the financial industry in monitoring and reporting. Institutions, wealthy individuals and their families have utilized this process and technology for over a decade.
Imagine you set up an alert, which notifies you immediately of any changes in any of your accounts. You have set the alert to inform you or your advisors to review and check out if there are issues needing attention; such as large credit card purchases or bank account balance changes of any kind.
Go check out our other blogs/short articles with videos attached to explain further how iSteward can be a valuable tool in helping us and those we love.
What motivates or controls you will drive your waking moments. I was reminded this week of the biblical view of the stewardship of time, by author and speaker Ken Boa. He says, “God has apportioned an individual enough time to accomplish God’s purpose for that individual. He determines the length of our stay on earth and our areas of influence.”
The apostle Paul stated his perspective, to look at your life as that of two days: today and That Day. When we are defined by the eternal or That Day, it gives meaning to the temporal or today.
In light of the following Scripture we should consider Time:
Psalm 31:5a “Into your hands I commit my spirit.”
God owns all things including time, and like all other the assets we have been entrusted, we should be good stewards with our time.
James 4:4 “Yet you do not know what your life will be like tomorrow, you are just a vapor that appears for a little while and then vanishes away.”
Today is a gift, that is why we call it the present. Unfortunately, we often need to be faced with death or experience firsthand the shortness of life by another’s passing away to truly appreciate the today.
Ecclesiastes 8:5 ”Whoever obeys his command will come to no harm, and the wise heart will know the proper time and procedure.”
When we presume our future will be there but by doing that we sometimes squander the opportunity of today. To make the most of our time, we must steward time as God’s time.
Jim Rohn would say this about the present. ”Wherever you are, be there.”
With technology and media hitting us with more and more distractions, it is all the more important that we intentionally pull away and unplug ourselves. This will allow us time to reflect on the order and the important things in our lives, so we can live into that purpose for which we are called. This is a journey rather than a status of arrival or a place.
Time management experts often state, show me your calendar and I will show you what you care most about. Another indicator is to look at how you choose to spend or invest your free time or leisure time (sometimes called margin). Is there any margin in your life? If not, you should find a way to carve out some margin to reflect and think about your purpose and influence.