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So, one of your Shipmates recently told you about a pre-paid legal plan? For as little as 20 dollars a month, you can have your own personal attorney to advise you whenever you need it. But wait, you're not just a client; you're also a partner in the business. You'll get a commission for each new member you sign up. It sounds like a great way to protect your legal rights and make some extra money.
Unfortunately, pre-paid legal services do not always deliver what they advertise. Beware of two potential problems. First, any legal services for which you actually qualify may be worth far less than the monthly fee you pay. Second, a pre-paid legal plan may simply be a pyramid scheme, a con that's as old as, well, the pyramids, obviously. More
The Service Members Civil Relief Act (SCRA) offers a number of protections for financial assets and interests, including protection from court proceedings, leases and pre-service debt.
The SCRA applies to any active-duty service member or any member of the National Guard who has been called to active duty for a period greater than 30 days. Additionally, reservists and inductees who are ordered to report for military service are entitled to most of the protections afforded by the act, from the time they receive their military orders for activation or induction. More
In September 2005, the maximum SGLI (Servicemembers' Group Life Insurance) death gratuity available to all active-duty personnel increased from $250,000 to $400,000. This change provided all service members with 150,000 more reasons to double-check and update their SGLI beneficiary designation to make sure they are properly insured and have correctly named their beneficiaries.
If you do not have any children, this may be relatively simple. However, if you do have children or would like to name someone under the age of 18 as your beneficiary, there are a number of legal considerations concerning minors that may not be obvious and that your personnel office may not know to tell you when reviewing or updating your SGLI beneficiary form. First and foremost, if you want to designate a minor as a beneficiary, you should know that minors cannot receive the SGLI proceeds directly. So, what does that mean? More
Be on the lookout. A hoax e-mail was circulated recently claiming that cell phone telephone numbers will be released to telemarketing companies. The hoax then advises you in the e-mail to place your cell phone number on the National Do-Not-Call Registry to prevent an onslaught of marketing telephone calls that would eat up your cell phone minutes.
It's true you may place your cell phone number on the Do-Not-Call registry for no charge. Just log on to www.donotcall.gov and follow the steps indicated in the Web site. Or call 1-888-382-1222. The rest of the e-mail is false, and there will not be any general release of cell phone numbers. More
Amazing Investment Opportunity!
Earn Easy Money, Fast!
Need Your Assistance, Will Compensate Generously!
We have all received e-mails with subject lines like those, promising to help us get rich, with no up front cost and/or no risk. The schemes are almost always a scam. There is a reason we keep getting these e-mails – people fall for them.
The most common scheme is the advance fee scam. Here's how it works: You get an e-mail, asking for a relatively small amount of money with a promise that you will get a piece of a larger amount of money. You send the small amount, and you never hear from the sender again – or, worse still, they know you're an easy mark and ask for an even larger sum to cover "new, unforeseen expenses." You keep sending money to "protect your original investment," but as soon as they think you are either broke or beginning to catch onto the scam, they disappear. More
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