Term Life Insurance – Most Times It’s All You Need

Term life insurance is a temporary life insurance covering specific period of time. In this type of policy the insured or the owner pays a premium for a period. The insurance company provides monetary benefit to the beneficiary in case of death of the insured during that period. It is the cheapest type of life insurance available to the general public. Usually the benefit received on death of the insured is income tax free.

There are four parties in term life insurance. Th…
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Term life insurance is a temporary life insurance covering specific period of time. In this type of policy the insured or the owner pays a premium for a period. The insurance company provides monetary benefit to the beneficiary in case of death of the insured during that period. It is the cheapest type of life insurance available to the general public. Usually the benefit received on death of the insured is income tax free.

There are four parties in term life insurance. The owner is the one who pays the premium. The Insured is the one on whose death, a death benefit(face value) will go to the beneficiary. The beneficiary is one who will receive the proceeds of insurance on death of the insured. The insurer is the company providing the insurance. Premium is the monthly or periodic payment made by the owner to the insurance company.

For instance, Amanda pays monthly 50 dollars to ABC Company for insuring the life of Bill (her husband) for a period of 10 years. In case Bill dies during the 10 years, ABC company will pay 6000$ to Jack (son of Bill and Amanda). Here the insured is Bill, the owner of the policy is Amanda, the beneficiary is Jack and the insurer is ABC Company. The premium is 50$ and the face value of the insurance is 6000$. In case Bill does not die during the 10 years, ABC Company will not be liable to pay any money to any of the parties involved. Often the owner and the insured are same. That is a person buys a policy to cover his own death and nominates a beneficiary.

Term life insurance is a legal contract with terms and conditions and assumed risks. Sometimes there are special provisions like suicide terms wherein on suicide of the insured there is no benefit accrued to the beneficiary. Term life insurance is based on two concepts, theory of diminishing responsibility and Buy Term and Invest the Difference (BTID). In Term life insurance the responsibility or liability of the insuring company reduces as the policy reaches its maturity. Term life insurance is the cheapest type of insurance policy available because there is no cash value at the end of the period. Studies have shown that the mortality rate in term life insurance policies is as low as 1%. Hence the concept of BTID. Rather than going for permanent life insurance (where on the expiry of period the owner will accrue some cash benefit and there is a savings component in it) it is considered cheaper to buy term life insurance and take care of the savings components by investing in other areas. With the present market giving good returns on investment, buying a term life insurance is a more attractive option than permanent life insurance. Term life insurance is available for a period of 5, 10, 20 years etc. As the age of the insured increases the premium increases. The premium is calculated based on mortality rate which is usually dependent on age, sex and whether the person uses tobacco. Most companies provide annual renewable term where in the term can renewed annually however the premium increases annually.

No Fax Payday Cash Advance – Speedy Cash in Tough Times

No fax payday cash advance are the loans meant for a very short duration of time and are charged at a high interest rate. These loans are available only to salaried employees. Also, the loan amount available is not very much, but good enough to meet your short term instant needs.
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Sometimes, it happens that you get in some urgent need of the cash even before you have got your salary. A financial crisis doesn’t seek your appointment to arise in your life. They keep popping up like the virus alerts on your personal computers. However, arranging a small amount of quick cash for short time duration was never easier than it is with no fax payday cash advance.

These loans don’t require you to mortgage your property; hence, there is no fear of losing the collateral you have mortgaged against the loan amount being credited. However, it does not mean you can be negligent towards paying the loan back.

Availability

These loans are widely available online and a proper online search may pay you rich dividends by getting the loan with the best terms and conditions. You can even apply to these loans online and the good thing is that the processing of the loan takes place within 24 hours of the loan application.

To avail a no fax payday cash advance you must be a salaried employee. And to confirm this, you must produce a salary slip and your salary bank account number. This is very essential because the whole loan process revolves around your salary check. No fax payday cash advance loans are secured loans in the sense that they keep your post-dated salary check as collateral. When the repayment time comes, the lender automatically withdraws the required amount from your bank account.

Statistics

Only those people are applicable for no fax payday cash advance, who have a minimum monthly salary of

Rent-to-Own at Three Times the Price

Rent-to-own may sound convenient, but if you check the math you will see that it is really just an expensive way to buy. If you aren’t excited by 200% interest, you may wish to find another way to buy your furniture.
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If you had the opportunity to buy a television or a sofa at a price that was three times the suggested retail price, would you do it? That scenario may seem ridiculous, but thousands of people do just that every day when they sign an agreement at a rent-to-own store. Rent-to-own, or RTO for short, is a system that allows consumers with little or no credit to acquire furniture, electronics or appliances by renting them by the week or by the month. At the end of the rental agreement, the renter gets to keep the merchandise. The renter may also agree simply to rent the merchandise for an agreed-upon period of time.

While furniture or appliance rental may be suitable for someone who needs them for only a month or so, it represents an expensive way to buy for someone who intends to keep them. A television may seem inexpensive at only $10 per week, but if the agreement requires eighteen months of rental before the customer owns it, the total amount paid will be $780. That would be fine if the television were valued at anywhere near that amount, but in most cases, that $780 will provide a television that sells for only $250 or so at electronics stores. The additional $530 goes to the rental company in the form of profit. Expressed as an annual interest rate, some rental fees can exceed 400% annually.

In addition to the rental charges, the customer will also likely have to pay sales tax, delivery charges and possibly return charges if he or she elects not to keep the merchandise. Late payments may also incur a late fee, provided that the rental company doesn’t elect to terminate the agreement and take the merchandise back altogether. In that case, the customer has nothing to show for the money invested.

Rental companies point out that for those who have no credit cards, the RTO concept provides an opportunity to “have it now.” That is true, but consumers who have little money would be better off either saving that $10 per week and buying the television in six months’ time. Alternatively, the consumer could put the television on layaway at a retailer and pay it off over time. Either way, the consumer would save hundreds of dollars in rental fees.

A consumer who needs furniture or appliances for a short time, such as someone on a temporary assignment to another city, might find an RTO agreement useful in order to avoid living in an empty apartment. But anyone who wants to buy furniture, electronics, or appliances might be better served by simply saving their money until they have enough to buy the merchandise outright.

Managing Your Mortgage In Turbulent Times

In today’s uncertain mortgage climate it’s difficult to predict what will happen tomorrow. More than 130 major mortgage lenders have closed their doors since late 2006, and with property prices and demand for exotic home loans both down, that number is sure to increase before the market improves.

All this uncertainty is rattling some homeowners, and leading them to draw false conclusions which will dramatically impact their lifestyle and long term finances. Read on to disc…
mortgage, home loan, managing, refinancing, finances, homeowner, lender, homeownership, payments
In today’s uncertain mortgage climate it’s difficult to predict what will happen tomorrow. More than 130 major mortgage lenders have closed their doors since late 2006, and with property prices and demand for exotic home loans both down, that number is sure to increase before the market improves.

All this uncertainty is rattling some homeowners, and leading them to draw false conclusions which will dramatically impact their lifestyle and long term finances. Read on to discover what these misconceptions are, why they are wrong, and what you should be doing instead.

Refinancing Indecision

Many people who purchased or refinanced in the past few years thought they were getting a great deal. But many are seeing the attractive low introductory rate they received expire and their mortgages reset to a higher monthly payment. In some cases these payments are beyond the means of the homeowner. In such situations the obvious solution is to refinance into a more stable and still affordable mortgage.

Fears that their new lender will close their doors, or that their mortgage application will get caught in limbo, have gripped many people who would otherwise have refinanced. Even though they are struggling to make their payments and starring foreclosure in the eye, these homeowners are leery of refinancing and rocking the boat.

But that homeownership boat is already being tossed around on a sea of uncertainty, and maintaining the status quo will not improve anything. The solution is to do thorough research and find a reputable and stable lender. Check how long the lender has been in business; find out how many branch offices and employees they have; determine who their underlying investors are; and analyze whether they have independent sources of income, like consumer banking.

Another good idea is to work with a reputable mortgage broker to find you a new mortgage. They often have extensive contacts among the various mortgage lenders, know who the stable lenders are, and in the unlikely event that your first choice can’t close your loan they can quickly rematch you with an alternative one. Plus, brokers can find you competitive deals and save you some time and effort.

Failure to Pay

Another common mistake homeowners are making today is not paying their monthly payments if they hear their mortgage lender or servicing company has closed their doors. This is a massive mistake, because your mortgage contract does not expire just because your lender goes into bankruptcy. If they do cease operations one of their investors will simply resell your mortgage as a security to a competitor. Should this happen, there might be some short term confusion over where you send your payments, so be proactive: call up your mortgage lender and check your mail for a letter which will provide you with the answer.

The same principle applies if your lender files for bankruptcy protection, a term which consumers often confuse with straight bankruptcy. In this case you are also still required to make your payments on time. Make these payments out to the same company, and mail them to the same company address unless you hear otherwise.

Failure to keep current with your mortgage payments will push you towards foreclosure, regardless of who ends up servicing your home loan. And arguing that you didn’t know you were still expected to pay won’t get you any sympathy with your lender or mortgage servicer. So be alert, and don’t run the risk of loosing your home.

Conclusion

Don’t allow the current turmoil to jeopardize your homeownership status. Arm yourself with the knowledge you need to protect your home and lifestyle. If you need to refinance do it as soon as possible. And keep current on your mortgage payments, even if your lender appears to be struggling.

Foreclosure Help: Your Best Friend in Tough Times

Foreclosure help doesn’t always have to involve hefty fees and high powered attorneys. Discover the simple yet effective strategy that could help anyone get out of foreclosure.
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Being stuck in a foreclosure situation is a real pain in the you know what! Every year thousands of people and homeowners fall into this trap where they hide behind closed doors hoping that the debt collectors would just go away. The truth is you can indeed make them go away- but only if you take decisive action as early as possible.

In fact, it’s a major tragedy that many folks ultimately foreclose on their homes which could have prevented if they owned up to the situation and followed through with some basic actions. Many of them simply sit on their hands and hope for a miracle. Although that might work in some cases, you still ought to give it a good ol college try- because at this point you’ve got nothing to lose for trying.

The very first thing that anyone facing this difficult situation should do is contact their loaning bank or credit union to see what can be done. Here’s a big secret for you, your debtors actually want to help you! They have a lot of things swimming on their minds as it is and it’s a huge hassle for them if you go into foreclosure- they’d much rather get you out of it. It’s simply good business sense.

In many cases, especially if you catch onto the early stages of this process, your lending institution representative will offer help so that you can avoid foreclosure- by a long shot. Until this first step is done, do not work with private individuals claiming to be investors who want to get the property off your hands. Not all of these guys are scam artists, but if you do decide to work on selling off your home or negotiate a deal with a third party, it’s advisable to have a knowledgeable real estate attorney with you during discussions.

A Sign Of The Times…

Traditionally, California has had a low foreclosure rate. However, in the last quarter of 2006, 37,273 Default Notices were sent to California Homeowners; an increase of 36.9% since the previous quarter.

High appreciation and strong sales in many areas have masked the possibility of on-coming problems. With the cooling housing market; higher interest rates; those inventive loans (targeted at people with weak or blemished credit), and prices out-of-reach for many buyers, ac…

Traditionally, California has had a low foreclosure rate. However, in the last quarter of 2006, 37,273 Default Notices were sent to California Homeowners; an increase of 36.9% since the previous quarter.

High appreciation and strong sales in many areas have masked the possibility of on-coming problems. With the cooling housing market; higher interest rates; those inventive loans (targeted at people with weak or blemished credit), and prices out-of-reach for many buyers, according to the Center for Responsible Lending (CRL) 2.2 million American households will lose their homes; $164 billion due to foreclosures.

A Default Notice is the prelude to foreclosure; however, most Homeowners emerge from this tragic situation by:

1) Refinancing: drawing on the equity of the property to bring the mortgage payments current OR
2) Selling the Property: using the equity of the property to pay off the loan

Even so, earlier in the year, 32 percent of Homeowners who found themselves in default actually lost their homes to foreclosure; a year ago it was only 8 percent. This is in line with a study conducted by the Center for Responsible Lending who predicts that housing prices over the next five years will fall and cause exit strategies to shut down.

The housing boom is fading. The disconnection between incomes and high real estate prices is evident; there is an increase in the number of Californians struggling to hold onto their homes.

A majority of the loans that have gone into default originated between January 2005 and February 2006. The median age of the loan was fifteen months.

Homeowners were a median five months behind on their primary mortgage payments when the Lender initiated the Default process.

On Lines of Credit, the Homeowners were behind a median of six months.

On a loan-by-loan basis, mortgages are least likely to go into default in the Bay Area, but more likely to go into default in the Central Valley and Inland Empire areas of California.

There are 7.87 million properties in California, when one home forecloses the surrounding properties lose value, as well. By threatening the stability of the neighborhood, foreclosures hurt everyone.

Homeowners work hard to provide the economic security and ownership benefits to their families what changes can be made in this great country of ours so that owning a home is fair, affordable, and sustainable?

Times are tight!

Doesn’t it seem like wages are frozen in time? It can seem that way when we’re busily working at our job, which hasn’t seen a wage increase in years, while we watch prices at the grocery stores and petrol stations increase dramatically every single day
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Doesn’t it seem like wages are frozen in time? It can seem that way when we’re busily working at our job, which hasn’t seen a wage increase in years, while we watch prices at the grocery stores and petrol stations increase dramatically every single day. What are we to do? Times are tight on our wallet and that can be very stressful!

Since our income is no longer keeping up with our expenses, what options do we have? It’s a difficult choice to make, and many people are avoiding a credit card to help them budget, but it’s becoming harder and harder to avoid! We live in a world that expects us to use credit cards and as the Internet gives us many purchasing opportunities, we often only have the credit card as an option!

But when credit card bills begin to mount, what choices do you have to help you take care of those bills? After all, credit card interest rate is one of the highest around! People find that they can pay half again as much as their original purchase simply in interest if they do not pay it off right away.

When considered as part of your overall financial portfolio, a UK credit card consolidation loan is an excellent option. This is because it pulls together your payments and lowers your interest rate to a rate that is easier to swallow! And, instead of getting a half dozen credit card bills through the month, you’ll be able to get one bill with a fixed amount owing, and that will really help you budget accurately.

So now the next step is: what kind of loan to get? There are two kinds of loans: Secured and unsecured loans. Secured loans let you use assets you have as a guarantee against the loan while unsecured loans simply use your credit rating to help you.

Secured loans may be the better choice because they allow you to get more money at a better interest rate and for a longer period of time because you are providing a guarantee to the lending institution that if you are unable to make the payments, there is another form of payment they can get through the seizure of your assets.

So if you find that credit card bills have gotten out of hand, you should consider getting a UK credit card consolidation loan. Your payments will be lower, your interest will be lower, and the fixed amount each month will help you budget accordingly.

Monetarily Difficult Times Come To An End

Getting loans is no longer difficult for even people with adverse credit histories. Nowadays, more and more bad credit mortgages have emerged in the markets. Why are we seeing this change in the scene for mortgages? Maybe it is because there many people with bad credit that are now trying to avail of loans and mortgages. This is no longer the exclusive bastion of people with good credit. It must be for this reason that the system has changed. If someone wants to pledge his pr…
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Getting loans is no longer difficult for even people with adverse credit histories. Nowadays, more and more bad credit mortgages have emerged in the markets. Why are we seeing this change in the scene for mortgages? Maybe it is because there many people with bad credit that are now trying to avail of loans and mortgages. This is no longer the exclusive bastion of people with good credit. It must be for this reason that the system has changed. If someone wants to pledge his property or house as collateral to secure a loan against it, and if he seems able to repay the loan, he would qualify as a good potential borrower and lenders would have no problems in offering him a loan.

Bad credit mortgages, otherwise known as sub prime mortgage loans, are offered to all those who were unable to meet earlier debt repayments, or whose property was repossessed by the bank but who cannot do without some monetary help. This is certainly a wonderful opportunity for people who managed to end up with a bad credit history. One common aspect that has been seen in the market is that the terms vary from company to company when dealing with sub prime borrowers. Each individual company has its own set of credit scores that need to be adhered to by a person if he is interested in being approved for a given mortgage. Thus, every sub prime mortgage seeker might benefit from taking the help of a reputed financial advisor. With the help of a reputed advisor, the person with bad credit will gain valuable information about the kinds of loans and mortgages that he is eligible for. He will also be able to learn about the various kinds of discounts that are currently on offer. Such information may not be available to the run-of-the-mill borrower, but a financial advisor should be aware of them. One should note, however, that the rate of interest offered might be slightly on the higher side since the risk involved is also high.

For people who do not have a house or a steady job, the chances of getting the approval of the bank for taking on further loans might be low. However, companies have also begun to cultivate the attitude that people with bad credit should not be permanently punished for whatever happened in their lives to bring them to this level. Hence, lending institutions have begun extending loan and other related services to people with adverse credit. Lenders have also been aiding these borrowers in bettering their credit scores. If the concerned person has been through multiple default payments, bankruptcy or Country Court Judgments (CCJs), there are companies that can guide him in making the right choices while he is out shopping for good deals. Be it for home improvement, the purchase of a vehicle, or even for paying off old debts, there are loans available at low and high interest rates with flexible repayment options. At low costs, one can even go in for a mortgage to start a business venture and find a great deal of stability in terms of finance. Luckily for us all, being stuck with adverse credit is no longer a permanent curse.

Indian Real Estate: Pune, Retail Boom Times

According to a Times News Network report, the most vibrant retail real estate market in western India in the last 2-3 years is to be found in the city of Pune. Experiencing a economic revival due to the increasing inflow of IT / ITEs companies, Pune’s growth has given an added boost to the city’s real estate pushing retail in the forefront.
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Pune Real Estate: A Vibrant Market

According to a Times News Network report, the most vibrant retail real estate market in western India in the last 2-3 years is to be found in the city of Pune. Experiencing a economic revival due to the increasing inflow of IT / ITEs companies, Pune’s growth has given an added boost to the city’s real estate pushing retail in the forefront. Well-known brands and retail giants wishing for a slice of the real estate pie are setting up property ventures e.g. Central Mall belonging to the Pantaloons group. Not to be left behind, retailers with large portfolios i.e. Pyramid and Shopper’s Stop are also expanding their retail operations in Pune city.

A research undertaken by Trammell Crow Meghraj reveals over 5-million sq. ft. of built retail space will be available on the Pune real estate market within the next 24-months, while another 5-million sq. ft. still in the planning stage is scheduled to come up in the year 2010.

Amongst, the flourishing mall developments to come up in the high-street retail areas of Pune area are Nucleus Mall and Magnum Mall in the vicinity of MG Road and Kakade respectively. Other upcoming retail markets are along Bund Garden Road and Nagar Road, in large part due to their close proximity to predominantly residential areas of Kalyani Nagar, Koregaon Park and prominent colleges / IT townships of Senapati Bapat Marg, Magarpatta City, Ganeshkind Road.

With a booming retail real estate sector, in the next two years, Pune will see the Pyramid Supermarket chain come up in Kolte Patil, Kondwa on Nagar Road and Kakade City in Kothrud, as well as, an International Convention Centre on Senapati Bapat Marg.

As well-known national brands enter and quickly expand, setting up multiple outlets in the Pune retail market, various developments of retail real estate have experienced a 25% increase in rentals. And, despite recent developments, Trammell Crow’s retail real estate experts are of the opinion that an organised retail market in Pune is still very much at a embryonic stage, and tight control is required to make it sustainable. Unless, Indian mall developers arrive at a true understanding of a business model of mall development, restricting development to location, pricing right, positioning malls in areas of high population circulation, offering a popular product mix and offering infrastructural support, supply will outstrip demand. Innovation e.g. a theme or a hotel within the mall is what is necessary to help keep ahead of the competition. For example, Ishanya Mall – The Design Centre, a Pune mall a “one stop mall for interiors and exteriors” is a good example of what mall developers in the western region should emulate for success.

With great potential, Pune offers a tremendous opportunity to those interested in retail real estate development, as long as, developers make mall space efficiency, product compatibility, inside / outside mall infrastructure and quality development a part of their project. Using this as their mantra, mall developers are sure to make a rip-roaring success of their mall development project. The time was never riper for mall development investments in Pune!

This article is sponsored by: www.indiarealestateblog.com

How You Can Make Ten Times Your Salary- With Day Trading

Day trading – no, it’s not something that Bill Murray wished he had in Groundhog Day. It’s a style of trading on the foreign currency exchange market in which a trader completes all his trades within a single day. In other words, he may make a few dozen – or more – trades in a day with the objective of buying and selling quickly and making a profit from the fluctuations in a currency exchange rate over the course of the day.

Sound complicated? Depending on the method or sy…
currency trading, day trading
Day trading – no, it’s not something that Bill Murray wished he had in Groundhog Day. It’s a style of trading on the foreign currency exchange market in which a trader completes all his trades within a single day. In other words, he may make a few dozen – or more – trades in a day with the objective of buying and selling quickly and making a profit from the fluctuations in a currency exchange rate over the course of the day.

Sound complicated? Depending on the method or system that you use to pick your trades it can be. The idea behind day trading is that currency exchange rates are subject to fluctuations over the course of the day – they go up and down depending on who’s buying, who’s selling and what rumors are floating around. In fact, day trading in the foreign currency market is probably the single segment of any type of stocks, currency or futures trading market most affected by rumors and real-time, real-world happenings. A savvy trader who is quick on his feet can roll up the profits by paying attention to what the current news is doing to the currency exchange rates.

The currency market, commonly referred to as the forex (short for Foreign Exchange), is the most liquid market in the world. The latest statistics say that daily trading on forex is in excess of $1.3 trillion U.S. dollars. That makes forex the world’s largest, most efficient market. A major part of the reason for the liquidity and volume of trade is the practice of day trading. The difference between day trading and other types of trading is in how long you hold your stocks (or in this case, your currency). In day trading, you hold nothing beyond the close of the day’s market. Think of it as a game in which the object is to keep trading cards back and forth, increasing the value of your cards – but have no cards in your hand at the end of the day.

Of course, since the currency market is a 24 hour market, there really IS no market closing – so the rules change slightly. The currency market is open from Sunday afternoon to Friday afternoon, with trading going on all the time, so you can pick your times to trade rather than being locked into the Stock Exchange timetable.

How You Make Money in Day Trading
People will tell you that the difference between a day trader and an investor is the length of time that each holds onto their stocks. That’s a superficial difference. The real difference is in the mindset of short-term vs. long-term and liquidity. An investor buys something that he believes will steadily increase in value, and holds onto it for the long haul. A day trader rides the minute fluctuations in the currency market minute by minute the way a surfer rides a wave. Because you’re trading in lots of 100,000, a tiny fluctuation can mean a big profit – or a huge loss.

Limiting Loss in Day Trading
One of the hardest concepts for new traders to grasp is that of limiting loss. Let’s say you make a trade for a currency that is heading down because you believe that it’s near its support point – the point where it will rebound and start heading back up. Instead, it breaks the point and keeps heading down – you’re losing money instead of making it. You have two choices – hold onto it because you KNOW it will start heading back up soon, or get rid of it and limit the amount of money you’re going to lose. In day trading, the name of the game is limiting your losses and maximizing your wins – decide ahead of time just how much you’ll allow each trade to lose before you sell it, and then STICK TO YOUR LIMIT. By the same token, decide how much profit you want to make, set a sell order for when the currency reaches that point – and sell when it hits the mark.

Know what you’re doing.
Day trading on the forex is like any other business. The people who make money are the ones who take the time to learn the market and understand the ins and outs of the trades that they make. Those who jump in feet first without learning the terms, rules and trends of the forex market are priming themselves to lose – and lose big. Remember, there’s no such thing as high profit potential without equivalent risk. Before you jump in, take a course in trading, or read read read all that you can.