Add value to your neglected assets - Life Insurance Policy Review
Law Firm News
During a life insurance policy review, you should look at your current coverage and beneficiaries and decide if any adjustments should be made. A Life Insurance Policy Review can be incorporated into initial planning or regular reviews when significant life changes have occurred. Factors that can impact changes to your life insurance needs can include marriage, divorce, health status changes, buying or selling a house, having children, and paying off debt.
It's important to review your life insurance policy annually or more frequently to ensure your policy is set up to adequately protect your loved ones after your death. When conducting an insurance Policy Review and presenting options that include replacing an existing insurance contract, it is important to discuss the risks and benefits.
You should conduct one after any major life events involving changes to your family, health, or finances. Significant life events that impact your family, health, or finances can change how much life insurance coverage you need and who you want as your beneficiaries. The amount of life insurance coverage you need, and who you want as your beneficiaries, depends in part on the people who count on your income to cover their expenses.
If you or a loved one experiences a significant improvement or decline in health, it could increase or decrease the amount of coverage you might need. You can review your life insurance by checking the hard copy of your policy, logging into your online account with the insurer, or talking directly with an agent.
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USCIS Will Begin Accepting CW-1 Petitions for Fiscal Year 2019
On April 2, 2018, U.S. Citizenship and Immigration Services (USCIS) will begin accepting petitions under the Commonwealth of the Northern Mariana Islands (CNMI)-Only Transitional Worker (CW-1) program subject to the fiscal year (FY) 2019 cap. Employers in the CNMI use the CW-1 program to employ foreign workers who are ineligible for other nonimmigrant worker categories. The cap for CW-1 visas for FY 2019 is 4,999.
For the FY 2019 cap, USCIS encourages employers to file a petition for a CW-1 nonimmigrant worker up to six months in advance of the proposed start date of employment and as early as possible within that timeframe. USCIS will reject a petition if it is filed more than six months in advance. An extension petition may request a start date of Oct. 1, 2018, even if that worker’s current status will not expire by that date.
Since USCIS expects to receive more petitions than the number of CW-1 visas available for FY 2019, USCIS may conduct a lottery to randomly select petitions and associated beneficiaries so that the cap is not exceeded. The lottery would give employers the fairest opportunity to request workers, particularly with the possibility of mail delays from the CNMI.
USCIS will count the total number of beneficiaries in the petitions received after 10 business days to determine if a lottery is needed. If the cap is met after those initial 10 days, a lottery may still need to be conducted with only the petitions received on the last day before the cap was met. USCIS will announce when the cap is met and whether a lottery has been conducted.