Tag: "MD"

Now that’s March Madness: Buffett, Gilbert offer $1 billion for perfect bracket

[ 0 ] February 14, 2014

The Jordan Insurance Group, MD, MoneyPlenty of companies have offered a million bucks for that perfect March Madness bracket.

But how does a billion dollars sound? (Go ahead, say it in your best Dr. Evil voice.)

Warren Buffett’s Berkshire Hathaway and Dan Gilbert’s Quicken Loans are teaming up for the ultimate free bracket pool for the men’s NCAA Tournament in March.

Not only will a perfect bracket win $1 billion (or split it if there’s somehow more than one, if any), but the top 20 imperfect brackets will each receive $100,000 for their efforts.

If you win the contest, you’ll have to accept either 40 annual payments of $25 million or a $500 million lump sum payout. Hope that won’t be a problem.

“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, President and Chief Marketing Officer of Quicken Loans, in the press release. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”

Buffett’s company is underwriting the contest.

“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett, Chief Executive Officer of Berkshire Hathaway. “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online. To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”

Quicken Loans will also be donating $1 million to inner city schools and programs in Detroit and Cleveland as part of the promotion.

The contest is free to enter, but does have some stipulations. It’s open to the first 10 million people who pre-register (you’ll get your bracket on Selection Sunday) and is limited to one per household. The registration period starts on March 3 and runs through the 19th, or until it’s full. Also you must be at least 21 years old and a United States citizen.

Just a note, before you start spending that $1 billion — you have a 1 in 9.2 quintillion chance of winning.

Now, start watching hoops on FOX Sports 1 and studying up!

Content provided by http://msn.foxsports.com/college-basketball/story/march-madness-indeed-buffett-gilbert-offering-up-1-billion-in-prize-money-for-perfection-012114

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Your Family Needs Life Insurance

[ 0 ] July 29, 2013

According to JDPower.com over 40% of adult Americans have not yet purchased a life insurance plan and over 25 million people in America lack adequate life insurance!

Most people in today believe that life insurance is an unnecessary expense and chooses to do without it. What most people don’t realize is life insurance is a true necessity. In fact, life insurance can be the basis of protection and financial stability after one’s death. Its function is to help beneficiaries financially after the owner of the policy dies.
In other words, if you or a loved one passes on, your family will receive compensation from the insurance agency that will help with living expenses, unpaid bills, mortgage payments and even estate taxes. With the right policy in place you can rest easy knowing that your family will still be financially supported after you’re gone.

Certain life insurance policies build cash value over time and loans can be taken out against a policy to help with major purchases. Additionally, a little known function of life insurance is that it can be tied in with a person’s pension plan. A person can make contributions to a pension that is funded by a life insurance company. These are considered private pension arrangements.

Life Insurance can provide for more than just death benefits. Life insurance can also be used as investment opportunities.
In Maryland alone, the statistics look something like this:

• Life insurance companies invest approximately $94 billion in Maryland’s economy.
• About $75 billion of this investment is in stocks and bonds that help finance business development, job creation, and services in the state.
• Life insurers provide $10 billion in mortgage loans on farm, residential, and commercial properties, and own $100 million in real estate in Maryland.
At The Jordan Insurance Group we know the time to purchase a policy is now. It’s never too late (or too soon) to contact us at The Jordan Insurance Group of Maryland or 410-312-0811 to find the right policy for you.

At the Jordan Insurance Group, we can provide Maryland individuals for auto, home and health,  Maryland businesses with group benefits and financial services.

230 Lee Deforest Drive, Suite 202

Columbia, MD 21046

410.312.0811-Phone

410.312.0815-Fax

http://www.JordanGroupInsurance.com

“Large enough to serve, small enough to care”

 

*information taken from https://www.acli.com/Tools/Industry%20Facts/State%20Fact%20Sheets/Pages/SF-MD.aspx and http://www.jdpower.com/content/detail.htm?jdpaArticleId=346

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