Safe Money Investing in a Turbulent Stock Market

There are a few things you need to know to make sure you are investing your money safely. The first thing is the stock market is not a very safe place to put all your eggs in one basket. You really need to diversify your portfolio in order to make sure you are keeping pace with inflation.

Have you heard of institutions or advisors that invest your money and they have control of your finances like Bernie Madoff or The Stanford Financial Group. Many people just opened accounts and let these type of financial organizations invest all of their money. The problem is that whether these guys made money or lost money they still were paid high commissions on your money. They also had full control of your money so these institutions or individuals ran illegal Ponzi schemes using your money and as long as they continued to get new money from investors it seemed like they were investing your money the right way. They guaranteed rates of return of 10% and higher.

The problem I have

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Life Insurance In The Retirement Plan

Retirement may be a long way off. It may be right around the corner. Perhaps it’s already here. With 401k, individual retirement plans (IRA), and pension plans available, why have life insurance in the retirement plan?

Self completing

Do you have a family and/or a business?

If so, if you should die before reaching the age of retirement, do you want to be sure your family has a place to live, your business will be able to survive, and your family or business will not have to struggle financially?

If you have kids, do you want to be sure the college fund you have for them will have enough money for them to go to college whether you’re here to see it happen or not?

What if everything goes as planned whether or not you have a family or business?

Would you like to have a fund you can access any time? Perhaps you want to retire early. Perhaps you have a cash crunch.

Whether you die too soon or live too long, a p

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Life Insurance: Back to Basics

Life Insurance: A Slice of History

The modern insurance contracts that we have today such as life insurance, originated from the practice of merchants in the 14th century. It has also been acknowledged that different strains of security arrangements have already been in place since time immemorial and somehow, they are akin to insurance contracts in its embryonic form.

The phenomenal growth of life insurance from almost nothing a hundred years ago to its present gigantic proportion is not of the outstanding marvels of present-day business life. Essentially, life insurance became one of the felt necessities of human kind due to the unrelenting demand for economic security, the growing need for social stability, and the clamor for protection against the hazards of cruel-crippling calamities and sudden economic shocks. Insurance is no longer a rich man’s monopoly. Gone are the days when only the social elite are afforded its protection because in th

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5 Tips to Help You Buy a Life Insurance Policy

If you want to purchase life insurance for protecting your family, opting for the right option can be hard for you. The reason is that you have to opt for a reputable provider and then choose the right insurance policy. In the beginning, the process may be overwhelming but it will become much smoother once you have got started. Given below are a couple of simple tips that can help you to make the best choice.

1. Understand the “Free Look” Period

It’s important to keep in mind that even after you have made a choice, you will have a free look period. This is the period that allows you to change your policy or reject it. Therefore, you may want to contact your company to find out about your free look period.

For some reason, if you think that the policy is not right for you, we suggest that you make a different choice during the policy period. During this time, there will be no financial obligation on your shoulders. Therefore, you should a

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What Are Some Advantages Whole Life Insurance Has Over Other Life Insurance?

What do you consider an advantage?

Before considering some advantages whole life insurance has over other life insurance, it’s important that you know what you consider an advantage to be.

What’s more important to you, the return ON your money or the return OF your money? Are guarantees important to you or do you prefer risk?

Return ON or return OF

If you’re looking for a high return on your money, there is no advantage to life insurance. There is no question you stand to earn a higher return on your money by investing elsewhere, if you’re willing to take the risk. The risk is you could lose some or all of your money and there could be no death benefit.

If you’re more interested in a guaranteed return on your money, albeit a fixed and probably lower return than what you could get elsewhere, coupled with a guaranteed return of your money, then this would be a key advantage of taking thi

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No Medical Life Insurance: A Solution for the Hard-To-Insure

Life insurance is a crucial way to ensure the wellbeing of one’s family in the event of a tragedy. Unfortunately, however, traditional life coverage is not an option for many people for a whole host of reasons. Over 30,000 traditional life coverage applications are turned down every single year. People can find themselves rejected by traditional life protection for anything from having a chronic illness to working at a dangerous job. The good news is that there is another option for these people: no medical life insurance. It is a type of life coverage that doesn’t require you to undergo a medical examination for your application to be accepted. There are two kinds of no medical insurance policies: simplified issue life protection and guaranteed issue life insurance.

Simplified Issue Insurance Plan

When you apply for simplified issue insurance policy, you do not need to be examined by a doctor. You may, however, be required to fill out a qu

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Guaranteed Minimum Accumulation Benefit – Variable Annuity

Variable annuities eventually designed a variable annuity with a Guaranteed Minimum Accumulation Benefit (GMAD) which provided clients with protection against market losses and the owner did not have to die to get it. The rider eventually earned the term “living benefits.”

GMAB guaranteed the heirs of an annuity the minimum of the principal payment in an addition to possible interest if the value of the policy was down due to market declines. The GMAB or living benefits applied this same calculation to this living benefit. Again, you can take advantage of this income while you are still alive.

REQUIRED HOLDING PERIOD

In order to receive this benefit you had to keep the annuity for at least 7 or 10 years. If the policy owner was alive at the end of the declared period of time, then the owner would receive either the higher of the account value or the guaranteed value of the policy.

WALK AWAY BENEFIT

The variable annuities

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Is It Better To Buy A Life Insurance Policy In The Beginning, Middle Or Towards The End Of The Year?

When it comes to determining the premium rates associated with different types of life insurance policies, there are a few factors that are usually considered by the companies.

Two of the most important ones are interest and mortality. In addition to these, expense is another deciding factor that has a lot to do with the premium rates of insurance policies, especially in case of a life insurance. It may be referred to as the sum of money that the insurance provider is supposed to add up to their costs in order to cover different types of overheads such as operational costs of the company, investments on account of premiums and for paying the massive sums of money for claims filed by different clients. A few details on these factors are discussed in the paragraphs below.

Mortality

The essence of a life insurance policy may be contingent upon a big group of individuals who co-share the death risk of the insured person. In order to make a predicted

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Reasons You Need Life Insurance

September is National Life Insurance Month. A family really cannot do without life insurance. Being young is the best time to buy life insurance. The younger you are the less you will pay.

You need life Insurance before it needs to be used, meaning before it needs to be used on your behalf. If you are the prime source of your family’s income you should be insured. If your spouse works they also need life insurance. Are you a partner in a business? Each partner needs to be insured to cover any loss in the untimely event that they have departed their earthly presence. How much insurance do you need? Ideally one needs an amount equal to current debt, monthly expenses times 24, the financial needs of children (under the age of 18 or 26 if in school) through secondary education and your spouse for a duration of their expected lifetime in the event they will not be able to work. The former is an ideal target goal. Every family situation is unique. If the spouse also works the

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Can Drug Users Get Life Insurance?

Drug use in Canada is prevalent to non-existent depending on what you define as a “drug.” Eleven per cent of the Canadian population “has a problem with drugs or alcohol” according to a CBC survey, but this does not include people who use drugs recreationally without “a problem.” That number, especially when you include alcohol and cannabis, is much, much higher, and if you include only people with classically-defined addictions to the illicit drugs, such as crack cocaine and heroin, the number is much, much lower.

In general, the way insurance companies approach drug issues is based on two major questions: is the potential client using prescription drugs provided through the proper channels, or are they using drugs outside those channels, and therefore statistically vulnerable to certain liabilities.

For the former, these questions are often discovered in the background checks and medical questionnaires provided by insurance compani

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