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A Tourist Mecca Fears a Long-Term Oil Smear New York Times

Grand Isle, a normally picturesque seven-mile stretch of barrier beach off the Louisiana coast, is slowly waking up to a grim reality: the impact of the April 20 spill will not be measured in months, even if BP manages by fall to plug the well that is gushing oil 50 miles off the coast.

It is likely to be measured in years of oil-streaked beaches and marshes, of plummeting property values in a maritime community suddenly cut off from the water, of teams of hazmat-suited workers on beaches lined with orange booms, and cleanup crews in tourist motels.

“It’s shifted from a beautiful tropical paradise with people running around in bathing suits with rods and reels, having fun, to feeling more like a coastal town near a military base,” lamented Linda Magri, a real estate broker who rents summer homes and camps on the island. “We’ve got National Guard trucks running up and down.”

Like many islanders, Patrick Shay can hardly bear to look at the beach in its current condition. He has transformed his family’s front yard into a memorial for all the rites of summer that have been lost to the oil spill.

Term Life Insurance Calculator

Reader’s Question:

My son told me that I need a term life insurance calculator to help me asses the right amount of life insurance to meet my needs. Can you enlighten me regarding how this thing works?

Amanda

Santa Barbara CA

 

Your son is right, Amanda. A term life insurance calculator can help you determine the life insurance amount that you need to meet your needs. However, you also have to consider certain basic things before choosing your life insurance policy. Among the questions you need to ask yourself are what kind of insurance do you need and how much can you afford to pay your insurance.

The basic rule used by many insurance agents to determine how much life insurance you need is that your life insurance should be 7 to 10 times of your annual income. This means that when you are earning $3,600 annually, your life insurance coverage should be around $25,200 to $36,000 to adequately protect your loved ones.

The logic behind this is that when your beneficiary invests the benefit they receive upon your death, the income they will receive from the return on investment will replace your income that has been lost forever. However, in reality, even if your life insurance premium is ten times more than your income, your beneficiary will require a 10% return on investment to replace your income.

A term life insurance calculator provides a more accurate option to assess the adequate amount of life insurance you need. These calculators are available all over the internet for those who wanted to assess their needs. Basically, all you have to do is to respond to a survey with questions related to your current financial status. With a press of a button, the adequate amount you need for your life insurance is calculated within seconds. It’s that quick and easy.

In addition, since the questions asked in a term life insurance calculator are related to your current financial status, you will be sure that the result you will receive is personalized and customized to suit your needs.

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