Is Life insurance Policy an Excellent financial Investment
I think we tend to get into to trouble when we treat investments as self insurance. If you compare a $500,000 portfolio to a $500,000 life insurance policy one will always be worth $500,000. If the main bread winner died during a bad recession and the portfolio was reduced to $250,000 it might not be enough to meet the needs of their heirs. To make matters worse this money will be heavily taxed upon death. A $500,000 life insurance policy will be worth what it's worth and term additional protection will pass on to the insured's heirs tax free. It's also worth noting at this point that life insurance by passes probate, which means there is instant cash available while the estate is being divided up and taxed.
Avoid purchasing items on credit whenever possible. If you must carry debt, look for the lowest rates that you can find. Shop out your loans and credit cards for better deals. Ask your creditors for better rates. If you make all your payments on time and are in good standing with them, most likely they will lower your rates. If not, consider moving elsewhere. Be sure to review your credit report at least annually and watch for identity theft as well.
Die. That's it. Die. I told you every parent can do it, as I know of no one in history Public Health Insurance who has escaped the grim reaper. Okay so there is one twist to this rather simple plan. Die - WITH accidental death life insurance.
Even though people may have ample financial knowledge, but they may be unable to do financial planning for them. This may be due to their time commitment for their friends and families. This is when professional financial advice can really help them out.
It is always a good idea to leave a will behind. Do not leave things to chance! Your inheritance may be wrongly divided between your family members and your children will suffer the consequences. A will made in the presence o an attorney is a paper with a lot of legal power! You can chose to whom you leave what and you can share some last thoughts and advice to your family!
click for more The typical reverse mortgage is called a Home equity Conversion Mortgage or HECM (pronounced HEK-UM). The federal Look At This insures these mortgages and they are backed by the Department of Housing and Urban Development (HUD). They have no income or credit qualifications and can be used for any purpose.
Think for a moment. What if you suddenly had to pay a medical bill that you can't afford? Wouldn't you be happy to have an insurance policy on your side at such a time? What then are you waiting for? Get health insurance today.
Occupation - Some occupations are obviously riskier than others. For example, a factory worker has a lot more exposure to potential bodily injury than a person who works at a desk.