March 2008 Archives
When iForem (iNuity's parent company) delivers guaranteed lifetime protection for critical content, we're the secret weapon. Because iNuity is an irrevocable financial trust dedicated to operating and maintaining iForem customers' Digital Safe Deposit Boxes, we absolutely ensure that iForem can announce this bold claim to the world with complete confidence. Why? Because an irrevocable trust can't be modified or terminated without the permission of the beneficiary - and in iNuity's case, our beneficiaries are iForem customers.
Recently, however, other companies are making the same claim - but it turns out that they're not representing themselves with complete...accuracy. They simply cannot - or worse, have no intention of - actually fulfilling their in-perpetuity promises.
The key here is that only iForem guarantees lifetime service with no recurring fees - and that's thanks to iNuity. Other companies may use the same language, but they use standard subscription plans (you miss a payment and your files are gone) with no assurance that prices won't increase. Still others rely on a non-profit foundation to run their services - and unlike an irrevocable financial trust like iNuity, a 501(c)(3) will not stay around forever.
There's also a dark side to these "competitive" offerings - and to figure that out, you need to look at their Terms and Conditions with patience and a magnifying glass. All of these me-too operations say right there, in the fine print, that they "shall have the rights to edit or delete User's content and/or terminate the Terms of Use and/or User's access to the Websites, at any time without notice in their absolute discretion," "shall not be responsible or liable for the deletion, correction, destruction, damage, loss or failure to store any data," "reserves the right to terminate your account and delete any data," and are "in no way liable for loss of customer data."
You get the idea.
One more thing: thanks to our enterprise-level infrastructure, rock-solid security, and Digital Safe Deposit Box servers colocated on three continents, iForem and iNuity provide the only solution that's robust enough to earn enterprise clients. The wanna-be services don't even try that.
So there it is: you can't have perpetuity without irrevocability. That's why only iForem and iNuity deliver pay-once lifetime content protection.
Period.
A trust which cannot be changed or canceled once it is set up without the consent of the beneficiary. contributions cannot be taken out of the trust by the grantor. Irrevocable trusts offer tax advantages that revocable trusts don't, for example by enabling a person to give money and assets away even before he/she dies. opposite of revocable trust.
