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Good Investments

  • Life Insurance Explained In Simple Terms

    The last thing anyone would like to think about is their death. Let alone planning for it. Unfortunately, it is part of life, and if you want to care for your family, even after your death, then this is something you must consider. It is essential to get some general knowledge about life insurance, as this will enable you to make an informed decision when choosing a policy.

    The first thing you need to understand is that there are several different policies you can choose from. Everyone is different. Therefore the type of plan will depend on your needs, as well as your age and health status. We will break the kinds of policies up into two major categories, namely permanent life insurance and term life insurance.

    Term life insurance policies are only valid for a specific period, and it is much more affordable than permanent life insurance. The term can be 1, 10, or 20 years The death benefit will only be paid out to the beneficiaries if you pass away during that period. Should you reach the end of this period still alive, your protection will end. With many insurers, you have an option to renew the policy at this time. This policy does not build up any cash value.

    Permanent life insurance can be limited to a certain age, but mostly it covers you for the duration of your life. If it is a limited policy, the cash value of the plan will be paid out to you when you reach the specific age. Contrary to term life insurance, this policy builds a cash value. For this reason, you will be able to withdraw money from the plan to pay for some necessary expenses. The other great thing about these policies is that the value it builds is tax-deferred. However, this usually only applies when the insurance policy is in force.

    Permanent life insurance can be divided into two kinds of policies, namely universal and whole life policies. The advantage of full life insurance is that the premiums are fixed. It will pay dividends under certain circumstances.

    The premium payments of universal insurance can be changed by the policyholder. This can be an advantage if you suddenly have a change in your lifestyle, maybe due to a life-changing event in your life.

    If you are interested in long-term insurance and life the fact that your policy will be building cash value over time, then permanent life insurance is perfect for you. The most prominent reason people instead buy term life insurance is that permanent life policies are usually more expensive. The final thing you should keep in mind is that your death benefit will be removed if you take out a loan against your policy.

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  • Nuggets of Investment Wisdom For Personal Finance

    If you want to be the best then you will have to learn from the best. Investment gurus are there to help beginners to start on the right foot. It all starts with taking care of the cents and the rest will fall in place. A solid primer on how it goes is all you need.

    Warren Buffet

    For more than 50 years, Warren Buffet’s investments have been nothing less than legendary, prompting observers to name him the “Sage of Omaha.” As a result, he has grown his wealth to become the world’s richest man ($58.5 B) several times over. A recent study also reveals he is the best investor ever in U.S. history. Thus, it’s no surprise that many individual investors and investment houses base their strategies on his financial philosophy, which emphasizes value, discipline and patience. If you want to broaden your money skills, get to know more about this surprisingly frugal and altruistic financial genius and check out his holdings via Stockpickr.

    George Soros

    George Soros is a Hungarian-born business mogul, investor and philanthropist who is best known for closing one of the greatest trades of all time, which earned him $1 billion in a single day. That trade, which involved short selling the British pound, earned for Soros the reputation of being “The Man Who Broke the Bank of England.” Soros is a short-term speculator who makes huge bets on day-to-day currency rate movements, and the price fluctuations of commodities, derivatives, stocks, and bonds. His extraordinary investment track record is highlighted by the 30% average annual return generated by his Quantum Fund from 1970 to 2000. George Soros is also a prominent supporter of human rights, public health, education and other democratic causes around the world.

    Sourced from: http://www.skilledup.com/articles/awesome-investment-gurus-to-help-grow-your-money

    Now there are books that you can read and get very good information on investment. You can save time and money by knowing what to go for straight. You will get to learn some very fascinating facts for instance, before you make money, make friends.

    Jean Chatzky for Money Management

    I’d recommend Jean Chatzky to people who aren’t really in debt but want to be in control and happy about their finances and particularly to women who have decided to take control of their money.

    I became a fan after reading her book You Don’t Have to Be Rich. The book focuses on two themes: first, finding balance in your life so that you can be happy even if you’re not rich; second, managing your money so that even if you don’t have a huge income, you can build wealth.

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    Suze Orman for Personal Finance Education

    I’m not as fond of Suze Orman as I am of Jean Chatzky. I’m not entirely sure why, something about her doesn’t appeal to me as much.

    I do admire her motto: “People first, then money, then things.” From what I’ve read, she seems relationship-oriented. She emphasizes that money isn’t everything. And on her show she addresses a lot of relationship/money questions.

    Sourced from:http://financefreelancelife.com/2008/08/13/personal-finance-gurus/

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