Fenomena alam paling aneh di dunia

Iklan Di Sini
HALAMAN SELANJUTNYA:


Many people own life insurance, but let's face it. It's probably not a purchase that most people brag about to their friends like they might if they had just purchased a new Corvette, but they made the purchase anyway because they love their families and want their family to carry on living their current lifestyle in the event of the primary breadwinner's untimely death. While this article doesn't apply to people who own term insurance, those who bought permanent life insurance, which is life insurance with an additional savings component, will find this information very important.

To understand the problem, I will first give you a brief primer on life insurance, and then explain how something that seems like a sure bet can go so wrong. Life insurance can be separated in to two basic types, term and permanent life insurance. With term insurance a person pays a certain amount of money, called a premium, for a period of time, from one year up to 30 years. During the specified period of time, as long as the insured person is paying the premium, the insurance company is obligated to pay a certain amount of money, called a death benefit, to the insured person's beneficiary in the event the insured person dies during that time period. If the person does not die in that time period the insurance company keeps the money as well as the earnings on that money. While there are different types of term insurance nowadays, including "return of premium" term which returns the insureds premium dollars at the end of the term(but not the earnings on the money), the general jist of term insurance is that a person is covered during a certain period of time. If they want coverage beyond that time period they have to buy another policy. Term insurance is really not the focus of this article so if that's what you have you can stop reading now if you wish, and rest assured that as long as you pay the premium, and the insurance company remains financially solvent, your family will be paid in the event of your untimely death.

The other type insurance is called permanent insurance. Permanent insurance is insurance that has a death benefit to it, similar to term, but also contains a savings "sidecar", this gives the policy a value called cash value. The premiums are paid on the policy, a portion is pulled to pay for the insurance and the remainder goes into the savings sidecar. There are three primary types of permanent insurance that vary depending on what is done with the savings component. The first type of permanent insurance is Whole Life Insurance. The savings component of Whole Life Insurance is invested in the general fund of the insurance company where it earns interest. The amount of interest apportioned to a particular individual is depended on how much of the money in the general fund belongs to that individual. Some policies if they are are "participating" policies also earn dividends. Generally speaking whole life policies are not a lapse danger as the amounts that it earns are guaranteed by the insurance company. As long as the insurance company remains solvent it will pay out a death benefit. The only problems a person who owns a Whole Life policy typically runs into is overpaying for insurance, and the death benefit not keeping pace with inflation.

The second type of permanent insurance is called Universal Life Insurance. With Universal Life Insurance the savings sidecar is a separate account, as opposed to Whole Life where the savings sidecar is invested into the general fund of the insurance company. Universal Life Insurance's main advantage is it's flexibility. For example, if you are a landscaper in the northeastern part of the country and basically have your winter months off, you could buy a Universal Life policy, fund it heavily during the spring, summer, and fall when you're raking in the big bucks, and then not pay anything during the winter months. As long as there is a certain amount of money in the savings sidecar (based on insurance company formulas), nothing needs to be done. Also, if you need additional insurance because you just had a child, you don't need to buy another policy. As long as you are insurable you can increase the death benefit on your current Universal Life Insurance policy and pay the extra premium. The money in the savings sidecar of a Universal Life Insurance policy is typically invested in ten year bonds. The Universal Life policy has a guaranteed interest rate to it, as well as a current rate. The money in the sidecar typically earns the slightly higher current rate, but the policy owner is only guranateed the guaranteed amount. Keep this last thought in your mind because after I describe Variable Insurance in the next paragraph, I'm going to tie these two together in the following paragraph and that final concept is the thing that's going wrong

The final type of permanent life insurance is Variable Life Insurance. It can be either straight Variable Life Insurance, or Variable Universal Life Insurance, which combines the versatility of Universal with Variable Life Insurance. Variable Insurance came about due to the awesome bull market in stocks that ran basically uninterrupted from 1982 through 2000. People wanted to invest as much as possible in the stock market and the thought of investing money in an insurance policy that invested in lower yielding bonds was quite distasteful to many. So the Variable Insurance Policy was built. With Variable Life the savings sidecar can be invested in insurance "sub-accounts" which are basically mutual funds within a Variable Life, or Variable Annuity. In fact, many sub-accounts exactly mirror a particular mutual fund, some mutual fund managers manage both their respective fund as well as its sub-account "sister." So with the Variable Life policy buying insurance no longer meant leaving the high flying stock market, you could have the best of both worlds by protecting your family AND investing in the stock market. As long as the savings in the sidecar was at an adequate level things were fine. Again, remember this last line because I'm about to show you how the whole thing goes to pot.

In the heyday of Universal Life Insurance and Variable Life Insurance interest rates were high and so was the stock market, and the insurance industry had two products that were custom designed to take advantage of the times. The problem came about when the agents designing these policies for the public assumed that the high interest rates and high flying stock market would never end. You see, whenever these products are sold, several assumptions have to be made outside of the guaranteed aspect of the policies which is typically about 3-5%, depending on the insurance company. The current values are paid out based on the prevailing rates or returns of the time, and that's exactly how the policies were designed. I can still remember when I began in the insurance industry back in 1994, when the experienced agents in my office were were writing Universal Life with a hypothetical 10-15% interest rate. Variable Universal would be written anywhere between 10-20%. Happy days were here to stay. Or were they? Unfortunately, those interest rates started heading south about the mid-1990s, and as we all know, except for a couple of years, the stock market didn't do so swell after the 2000 tech bubble, maybe two or three "up" years out of eight and possibly nine. This is a real problem because many families' futures were riding on the assumptions that were made in these policies. Many policyowners were told to pay during their working years and then to quit when they retired and the policy would be fine, the returns earned on the savings sidecar would keep the policy in force. There are countless Universal and Variable Life policies in bank and corporate trust accounts, as well as in dresser drawers and fire proof safes that were bought and assumed that as long as the premiums were paid, things were good to go. Many of these policies are sick or dying as we speak. Some people, or trustees will get a notice letting them know that they need to add more money or the policy will lapse, of course by this time "red line" has already been reached. The people who get this notice may even ignore it because hey, the agent said that all would be well, "pay for 20 years and the family will be taken care of when I meet my maker." So the policy will lapse and nobody will know it till it comes time for the family to collect their money, only to find out that they will meet the same fate as Old Mother Hubbard's Dog. If anybody reading this can picture the litigation attorneys licking their chops, waiting to let insurance agents and trustees have it with both barrels for negligence, don't worry that onslaught has already begun. But if you have one of these policies, don't count on the 50/50 prospect of winning a court case, do something about it!

One of the first things I do when I get a new client that has an existing permanent life insurance policy is do an "audit" of that policy. Just like the IRS does an audit to find out where the money went, I do an audit to find out where the premiums went. The way this is done is by ordering what is called an "In Force Ledger" on the policy from the insurance company. The In Force Ledger will show the status of the policy now under current conditions, as well as several other scenarios paying more or less money. It will also show if the policy is lapsed or will lapse in the future. By doing this audit the policyholder may get something that they didn't have before, OPTIONS!

For example, take a 50 year old policyowner, who is also the insured on the policy, and the In Force Ledger showed that the policy, under current condtions is going to lapse when the policyowner is 63 assuming premium payments were going to be kept the same, and stock market conditions were going to stay the same (this was in early 2007 and this policy was a Variable Universal Life, it probably would not have lasted till 63, given what has happened in the stock market.) Since the policyowner is the family breadwinner, they have a 16 year old daughter, and their savings could not sustain the wife and daughter in the event of an early death of the breadwinner, whether or not to keep the life insurance is not even a question, life insurance is absolutely needed in this case. Now the next question is, does he keep on paying on a policy that is going to lapse or write a new one? For that I go to some business associates at an insurance brokerage I work with, and find out how we can get a new policy without a huge increase in premium, in some cases the it is possible to get an increase in death benefit and a decrease in premium. How can this be done since the policyholder is older than when the policy is written? Easy. With the advances in medicine between 1980 and 2000 (the years the mortality tables used were written), people are living longer, conditions that used to cause death such as cancer, people are surviving and even live normal lives after the cancer is eliminated. It used to be you either smoked or you didn't. Now allowances are made for heavy smokers, social smokers, snuff users, cigar smokers etc. One company will even allow mild cannabis use. So in some cases your policy may not be lapsing, but a person may be overpaying even though they are older. Maybe they smoked socially then, but quit 5 years ago, but their policy still has them listed as a smoker paying the same premium as someone that smoked like a chimney. What happens if the solution that makes the most sense is a new policy? We do what is called a 1035 Exchange into a new policy, that allows the cash value of the current policy to be transferred to the new one without being taxed. What if the insured doesn't want another life insurance policy but wants to get out of the one they are currently in and not pay taxes? Then we do a 1035 Exchange to an annuity, either variable or fixed. I'm currently using a no-load annuity that works great and the expenses are low. Is a 1035 Exchange right in every situation? Absolutely NOT! Many things must be explored before making the exchange, especially on a policy written before 1988 when the tax law on insurance policies changed for the worse, in the above example it proved to be the correct move, but in the end it's up to the policyowner and family as to what direction to go.

In conclusion, if you have a permanent life insurance policy that is 5 years old or older, make sure you have it audited. The cost (nothing), versus the benefit (a family that doesn't have financial worries in their time of grief) makes this decision a no-brainer.

As usual, if you have any questions about the matters discussed in this paper, feel free to write me at chalas@venn.us.

Christian Halas is owner and wealth manager with Halas Consulting located in Pittsburgh, PA. Halas Consulting prides itself in providing unique and objective solutions to various insurance, investment, banking, tax, and estate issues faced by individuals and small businesses. Investment services provided in conjuction with Venn Wealth and Benefit Services, a PA Registered Investment Advisor. Christian can be reached via email at chalas@venn.us with any questions or comments on this article

Article Source: https://EzineArticles.com/expert/Christian_Halas/263613
Iklan Di Sini

Compare Cheap Insurance Quotes - Save Time and Money by Comparing Cheap Insurance Quotes

How does your decision to compare cheap insurance quotes on the internet help you save precious time and money? The insurance market has become so competitive that it is impossible to identify a single insurance company as the best one around. There are many variable factors including the type of insurance that one wants, income and lifestyle of the individual, the asset that one wants to insure and the amount of premium that one is prepared to pay. In such a scenario, one cannot blame an individual for opting to compare cheap insurance quotes instead of entering the confusing world of insurance analysis.

  1. cheap insurance quotes, insurances, insurance prices, car insurance california, life insurance, international car insurance, compare car insurance quotes, auto owners insurance, insurance rates, insurance, home insurance, temporary car insurance, car insurance usa, car insurance quotes online, geico car insurance, bmw car insurance, insurance companies, insurance company, house insurance, short term car insurance.

How do you save money when you compare cheap insurance quotes? If you opt for quotes comparison, chances are very high that you will quickly identify the cheapest and most beneficial insurance policy for your life, car, home or any other asset. You will get a clear tabular analysis which will tell you how much one has to pay for each and every policy under consideration. If you do not compare cheap insurance quotes, you will have to prepare a comparative statement manually. This is next to impossible considering the fact that the average individual is rarely, if ever, conversant with how insurance policies work.

homeowners insurance, rental car insurance, discount car insurance, online motor insurance quotes, car insurance canada, car insurance uk, cheap car insurance uk, car insurance quotes uk, auto insurance, insurance quotes online, car insurance companies, auto insurance quotes, i car insurance, insurance quotes, churchill car insurance, best insurance, insurance coverage, comprehensive car insurance, comprehensive car insurance quote.

  1. Another reason why one should compare cheap insurance quotes is that it helps save a lot of time. Getting quotes online helps you get all the information you want in a jiffy. You need not visit each and every insurance company is office just to compare cheap insurance quotes. You need to state the amount of coverage you want and the amount of premium that you will have to pay will be flashed on the screen instantly. You can also get quotes through the telephone. In either case, a lot of time and effort shall be saved. If one considers the gas that one saves by avoiding visits to numerous insurance offices, the benefits of these free insurance quotes become even more significant. Never again will you have to take time out of your busy schedule to complete insurance related paper work. The web will help you take care of all that.

first car insurance, tesco car insurance, car insurance quotation, online insurance companies, online insurance, aa car insurance, cheap insurance, car insurance online, direct insurance, general insurance, drive insurance, motor insurance, liability insurance, travelers car insurance, compare car insurance, motor insurance online, non owner car insurance, prudential car insurance, car insurance agencies, aig car insurance, how much is car insurance, best car insurance, cheap car insurance, vehicle insurance, motorcycle insurance, third party car insurance, car insurance policy, vehicle insurance quotes, motor vehicle insurance, insurance broker, budget car insurance, car insurance premium, zurich car insurance.

It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote, Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.

What to Look Out For in the Best Forex Online Trading Platform

  1. What to Look Out For in the Best Forex Online Trading Platform
  2. What do you need to look out for in the best Forex online trading platform? Customisability in all aspects. A platform should take into account that each investor has his or her own methods and mechanics, and that should be able to be translated directly into the mainframe of the trading platform. Too often investors get stuck with rigid programmes that do not have the flexibility needed to adapt to the character of the investor. While market psychology is very important in all respects, individual investor psychology is also one of the most important things and when one invests, one has to be comfortable with the platform that they are using.

online trading platforms, online currency trading, how to trade currency, day trading software, stock market trading, trading platforms, foreign exchange trading, day trading, day trade, day trader, stock market day trading, day trading stocks.

Another important thing is ease of use. It is appreciated that there has been a lot of mathematics and technology put into the software programme but it should be forced into the investor as a matrix in which he will be using to interface with the Forex market. The platform has to be easy to understand and easy to use so much so that even the casual investor can understand its mechanisms and start to use it right away. Investing already is difficult and investors and prospectors of a market commodity should have to be wrestling with steep learning curves when it comes to working out their trading platform. In every sense of the word, trading should be easy to spark - there are so many other aspects of the trade that need learning and practice, and the platform should not be one of them.

  1. commodity futures trading, online trading, daytrading, automated trading system, trading account, trading software, spread trading, trade market, forexlive, currency trading strategies, currency trading for dummies, foreign currency trading.

The best platforms out there have a lot of mathematics behind it, and this is because those who created the programme understood that currency and currency behaviour is ruled by algebraic equations in an economic environment. A good Forex trading platform should be able to crunch a whole host of numbers and give you the latest price feeds. A good platform also is able to give you tips and hints, as well as warnings when it comes to you making the wrong decisions. Just imagine it as your electronic broker - who takes the place of your real life broker when you are investing from home or even from your office. While your broker has to accommodate hundreds of investors, a platform should be the reliable tool you need to guide you the right way.

trading, futures trading, trading system, currency trading platforms, commodity trading, future, online broker, swing trading, dailyfx, day trading strategies, learn to day trade, technical analysis, paper trading, traders, currency broker, automated trading, fibonacci trading, alpari, foreign exchange market, internet trading, iforex, online foreign exchange, trading markets, trading strategies, money trade, trading courses, foreign currency exchange rates.

One the last few things about a Forex trading platform is that it should be fast - being able to match the speed of the market's liquidity. Order fills, broker communication and currency purchasing options should be done within a few clicks of the mouse and this brings me to another point that most people overlook. Support from the company who sold you or provided you with the platform. There should be an end to end communication and technical support just in case anything goes wrong and it should be clearly delineated within the first few moments of you singing the agreement or filling out a purchase order. Recognise the features that separate the mediocre from the outstanding Forex online trading platform.

Online Masters Degree Programs - What You Should Know

For those who are considering attaining their masters degree, but work full time, have a family to take care of, or are a bit older and do not want to take the traditional college setting, the choice to go get a masters via online masters degree programs is one option to consider. Depending on the type of masters program you are trying to get your degree in, there is several accredited online degree seeking programs for you to consider. From an MBA, to masters in accounting, to getting your degree in nursing or the sciences; no matter what online masters degree programs you wish to enroll in, there are many online options to choose from.

online master degree programs, online mba degrees, university of phoenix online, online masters in education, usc online degree, online bachelor degree programs, online business degree, online law degree, online college degree programs, online diploma, online masters programs, online degree courses, online education, college degrees, best online schools, distance learning masters, online undergraduate degrees, online accounting degree, long distance learning, online education degree, distance learning masters degree, online masters courses, online masters degree, on line courses, cheap online degrees.

The most important thing to consider when choosing an online masters program is to find a university which is accredited in the type of degree option you are after. Visiting various online sites, researching several institutions, and gathering as much information as possible as to the masters program you wish to enroll in, is the best way to ensure you do choose the right program, and that you are going to receive your masters from a program that has been accredited in the particular field of study you are looking to go in to.

distance learning bachelor degree, distance degree, distance learning degree programs, online it degree, online degree programs, online psychology degree, online theology degree, online university programs, doctorate degree online, degree program, colleges, online degrees usa, online master, get a degree online, online courses uk, best online degrees, accredited online degree programs, phd degree online, distance learning psychology, online programs, phd distance learning, mit online degree, online masters.

For those who have limited time, and have other obligations and priorities in life, you will also find that the online masters degree programs option is one to consider rather than the traditional college style set up. Not only will you be able to continue with your job full time, taking care of the kids, and having your family life, but you are also going to be able to further your career with the online option. Due to the fact that there are a wide range of class options, from nights and weekends, to the regular hours during the week, all students, no matter how hectic their life might be, can complete the masters program when they choose the right online university.

online distance learning, usa college, distance learning universities, online bachelor is degree, accredited degree, online phd, online doctoral programs, online college courses, online colleges, distance learning degrees, distance learning courses, online diploma courses, university of liverpool online, online degrees, online degrees uk, online economics degree, best online universities, distance learning, online computer science degree, online universities, online certificate programs, online certificate courses, online interior design degree, online university courses, distance learning programs.

The time requirements are also up to each student who enrolls in different online masters degree programs. Whether you choose to go full or part time, and depending on whether you want to do an accelerated program, or something that is going to take the full four years to complete, there are different course loads and scheduling options to consider when you are a student in an online masters degree seeking program as well. So, no matter how quickly you hope to finish, or how slowly you choose to go, there are different options to turn to for those who are considering the online route.

online phd programs, online bachelors, college, online community college, best online courses, online english degree, accredited online universities, online mathematics degree, online medical degrees, fast online degrees, online public school, online uni courses, online teaching degree, online courses, online electrical engineering degree, online engineering degree, online math degree, online nursing programs, online chemistry courses, online graduate programs, online physics degree, free online university, distance education, life experience degree, columbia university online, online math courses, community college, free online degree, online nutrition degree, online art degree, online courses australia, online classes, online learning courses, online associates degree, university.

  1. No matter what masters program you wish to complete, how long you want to complete the program in, or what your day to day schedule looks like, it is possible to attain your masters degree, in a time period you are able to handle, if you choose to register with the right online masters degree programs which are available, to meet your scheduling needs.

Tips On How To Get Your Bad Credit Personal Loan Application Approved

In current times, the demand for bad credit personal loans has been on the rise. This can be attributed to the fact that the economy has not been very good. This coupled with the fact that commodity prices have been on the rise has led to most people having a bad credit history, which effectively locks them out of getting loans, If you are in such a position, you should not despair. Even if you have a bad credit history, you can still apply for and get a loan. There are certain loans which are specifically meant for such a demographic, and it would be a good idea to make use of them when you need to borrow money.

  1. personal loan application, loan broker, loans, secured personal loan, small personal loans, loan, fast loans, free loans, loan logo, unsecured personal loan, subprime loans, credit and loans, service loan, personal loans uk, personal loans, loans for unemployed, online loans for bad credit, best personal loan rates, loan forgiveness, debt consolidation loan, how to apply for a loan, debt loans, personal loan, bad loans, personal loans for bad credit, personal loan apply online, advance loans, short term loans, online loans, secured loans, guaranteed loans, no credit check loans, personal loan lenders, bad credit loans, personal loans online, cash loans, get a loan, installment loans.

A good example of a loan that you can take when you have a bad credit history is a payday advance. This is a kind of short term loan which is often paid within a month. As the name suggests, this kind of loan is often paid back when one receives his or her pay check at the end of the month, One good thing about this kind of loan is that it is very easy to apply for one. If you need it, all you have to do is find a website run by one of the lenders. For instance, if you live in the United States you can simply use Google to search for payday advance lenders who have online sites. You can then fill out the form and then wait for the money to be deposited in your account.

low interest rate loans, secured loan, loan interest rates, interest only loan, personal loan companies, collateral loans, home equity loan, title loans, loan application, apply for a loan, instant personal loan, finance loan, loan companies, types of loans, quick personal loans, loans gov, loan shark, bank loan, refinance loan, a loan, homeowner loans, personal loan rates, loan officer, quicken loans, money loans, auto loan, payday loans, home loans, private loans, private student loans, credit loan, loan repayment, government loans, investment loan, education loan, low interest loans, personal loan interest rates, loan amortization, long term loans, bridge loan, small loans, equity loan, car loan, best personal loans, what is a loan, online loan, school loans.

When you apply for such loans, there are certain things that you need to do so as to increase the chances of getting approved. For instance, you need to know exactly what kind of documentation you need for the loan. For instance most payday advance dealers will require that you have proof of income, such as your pay slips for the past few months, In addition to that, you may also need to provide details of your bank account. Most lenders will deposit the money in your account after approval, especially when you are applying online. Also, most of them will automatically deduct the amount you are to repay at the end of the month from your account, making it more convenient to make payments.

loan payment, money lenders, loan payment calculator, loan calculator, house loan, low interest personal loans, student loans, home loan, commercial loan, consumer loan, cash loans online, compare loans, cash advance, fha loan, mortgage loan calculator, housing loan, borrow money, college loans, business loan, fast cash loans, quick cash loans, instant loan online, easy cash loans, easy loans, loans direct, unsecured loans, land loans, payday advance, mortgage loan, lending, instant loans bad credit, line of credit, eloan, loan lenders, interest rates, fha, mortgage lenders, ltv, 2nd mortgage, borrow, commercial mortgage loan, payday, cash out, second mortgage, second mortgages, mortgage loan rates, commercial mortgage, refinance, mortgage, personal loan apps, repay.

There are many people who are opponents of bad credit loans due to the fact that they seem to offer high interest rates. For instance, many payday advance lenders will charge a nominal fee of around $15 for each $100 one borrows. This may seem like a very high amount, but the fact of the matter is that they do this since they expose themselves to increased risk, In addition to that, the fact that such loans are often of very small amounts and are paid within a very short time means that the interest never accumulates to very large amounts, as would typical bank loans.When all is said and done, getting bad credit personal loans is not as hard as one might think. There are many companies which offer these facilities, and all one has to do is find one that suits them. By following the guide above, you can do this with relatively little trouble.

mortgage bank, loans uk, house mortgage, mortgage broker, mortgage application, home mortgage, mortgage payment, applying for a mortgage, mortgage interest rates, personal loan terms, low interest rate personal loans, mortgage services, mortgage interest, interest only mortgage, citifinancial, emergency loans, loan amortization calculator, compare mortgage rates, best mortgage rates, refinance mortgage, mortgage rates, mortgage rates today, mortgage amortization, finances, mortgage rate calculator, instant loan, what is a personal loan, online loan application, current mortgage rates, construction loans, loan rates, remortgage, loan for, mortgage calculator, apply for a personal loan online with bad credit, home equity line of credit, amortization schedule, home equity loan rates, online loan apply.