Month : September 2014

Insurance

Seeking a life insurance cover in your mid-fifties?

Quite contrary to what happened earlier, people today are much more serious about holding on to their life insurance policies even when they are over 50. Earlier many of the people actually gave up their life insurance policy once they reached their mid-50s. The whole idea was to secure the insurance when your kids were still young, so if anything had to happen to you, the survivors would be able to, at least, send your kids to college. That actually led a lot of people to give up on their life insurance policy post 50s. However, in the wake of recession, was felt the need for “providing for the adult children”. Some experts term it as the next level “of helicopter parenting”.

Can you really qualify for a life insurance cover when you are over 50?

Yes you definitely will be able to secure a life insurance cover when you are over 50. However, there are certain points that should be kept in view. You might as well have to undergo a medical check-up. The underwriting procedure should not pose much of a problem for you, provided you are in good health. However, if you have moderate health problems and are a smoker then you would be required to pay up more than a 50-year old who is a non-smoker and does not have health issues.

What exactly should you consider while you are looking for life insurance?

The first question that should strike you when you are looking for life insurance over 50 is who exactly is/are dependent on you financially. After determining who you would like to leave behind the money for, it would be your responsibility to estimate the amount of money required for fulfilling each of their needs. You can either buy a policy and name multiple beneficiaries of the same, or else purchase multiple insurance policies with different nominees for each.

Should you take a life insurance over 50 even if you have no one dependent on you?

There are some policy holders who do not have any one depending on his or her money but they still like to provide for someone. For instance, you may want your adult child to have something beside his own job and property inheritance to fall back on.

Life insurance over 50- A few important factors

It is important to determine the exact amount of money that will suffice for your beneficiaries. A life insurance agent might as well be trying to convince you that you need additional plans, because they will be receiving commissions on sales. You can, in fact, look forward to the help of a no commission financial advisor in that case.

Experts opine that it is very important for married women over 50 to have life insurance policies, so that they can see through the days post their husbands’ deaths. There are many of them who think that there is no point in shelling out a substantial amount of money for the insurance just because they want to leave behind a legacy for their children. Instead, they should invest in long term care insurance so that their children don’t have to shell out money for your care, when you yourself can’t do it.

Business

Business Electricity Costs Worrying SME Owners

No matter how big or small they are, all businesses should make an effort to see how much they spend on every single item they purchase, especially given how poorly the wider economy has been performing of late. For smaller companies in particular, many of whom having small profit margins to deal with, every penny saved is important, so when the price of something like electricity goes up, they start to panic about how they will cope with having to spend more than they’ve become accustomed to.

A recent survey carried out by OnePoll revealed that there’s a lot of anxiety among businesses about the rising cost of electricity, with 51% of respondents stating that they were worried about paying more than usual for energy. However, what was more surprising is that many of the businesses quizzed as part of the poll said that they didn’t keep a firm enough eye on how much of their income was being spent on electricity, with 19% saying they didn’t give responsibility for energy bills to their finance departments, while 14% had no-one within their company tasked with handling energy costs.

Those stats sound alarming, especially when electricity costs are rising at their current rate, and the need for many SMEs to reduce costs whenever and wherever they can is growing. Although it might not seem possible for SMEs to cut their electricity costs, there are ways in which savings can be made on monthly energy bills, according to a spokesperson from energy saving experts Make It Cheaper:

“The two issues concerning electricity bills for businesses are how much they use and the cost per unit. Failure to pay attention to either could be costly, especially for smaller businesses that are struggling to make ends meet. Part of the problem of expensive electricity is that businesses are inclined to stay with their existing energy supplier, as there’s no reward for loyalty. Regularly checking to see if there’s a better deal with a different supplier could be the answer for many companies in that situation.”

Spending too much on anything is something that most SMEs will strive to avoid if they can help it. However, as the survey proves, ignorance of any overheads and their cost could hit businesses in the pocket, which could serve to act as a wake-up call for companies desperate to drive down their energy costs by any means necessary. 

Extra Income

Simple Ways To Earn Money From The Comfort Of Your Living Room

Earn Money

Earning money from home used to be a pipe dream that we all had. It was very difficult to achieve that in the past, but thanks to the online revolution, it’s easier than ever to secure a stable income working from your living room. With that in mind, we’re going to make a few suggestions in this post that you might like to consider. Take a quick read through, and you should come away with a better understanding of the opportunities open to you at the current time.

It’s always a good idea to keep your eyes and ears open when looking for online earning potential. That is because the landscape is constantly changing, and new endeavors are presented almost every single month. To ensure you don’t miss out on anything, it will be wise for you to stay updated with recent news and developments. You can do that by bookmarking a few relevant websites and checking them each day. The suggestions below are all viable at the moment.

Become a blogger

Whether you start your own blogs or work for a marketing agency, being a blogger means you can earn lots of money while sitting at home in your underwear. There are many benefits of choosing this role, but the most prominent relates to your working hours. In most instances, you can decide when you work and for how long. That means you can fit the job around your family commitments and social life. If you work for a marketing agency, you’ll probably get paid directly. However, if you start your own blogs, you’ll earn money from advertising and paid placements.

Trade on the stock market

Most people think that stock market trading is far too complicated for them, but that’s simply not the case. There are hundreds of books available that tell you exactly how to go about making a profit. Alternatively, you could simply employ to services of a reputable brokerage firm. We advise you read through thebrokeragereview.com/promos/optionsxpress.com. You can also check similar websites to get a better understanding of trading.

Start an E-commerce website

Selling online is big business. While you’ll never compete with the likes of Amazon, there is still more than enough room in the marketplace for you to make a decent profit. All you have to do is get some initial investment, purchase some quality items in bulk and list them on your website. Providing secure payment methods like Paypal will also encourage more sales. Your main worry, when choosing this form of earning, is the promotion. You’ll need to get your head around online advertising techniques to help drive potential customers to your site.

Write a book

Publishing your material used to be very expensive. However, you can now do it for almost nothings thanks to print-on-demand services like Createspace and Lightning Source. They are both exceptionally simple to use, and have the tools required to cover every single step of the process. You might have to pay someone to design a good cover, but that’s pretty much the only money you have to spend.

As you can clearly see, earning money from your living room is a viable possibility these days. Why would you want to commute to your local shop or factory when you could sit in your underwear all day long and secure a higher income?

Good luck!

Link

Mind Over Money

Grow Up And Stop Acting Like A Child

Lost Tree

It’s fun being a child. Nothing in the world can bring you down…except a scraped knee. Why is life so grand? Who cares. You’re a child and you need to act that way.

It’s easy to be oblivious in life and no one does it better than children. You can call it innocence. But that innocence can hurt you in the long run if you keep that mindset into adulthood. You need to stop acting like a child and grow up into an adult and become aware.

There is no shame in not knowing; the shame lies in not finding out.

There are two types of children (yes I know I’m generalizing). Stop being one of these types:

The child that asks

There’s the child that takes initiative in asking why. The only thing is, when kids ask why most people say “because I said so”. That doesn’t really allow you to grow and it can get you into a bad habit of not asking any more because they said so.

Well now you’re an adult and don’t have to worry about that. Ask questions and find out why. Let me ask you a question..Why is a tomato a fruit? Anyone…anyone. Well maybe I’m just not of the loop but I had no idea why, other than just because, until a week ago. Here’s why by the way. How many things do you not know about because you have been taking for granted that it’s “just because”?

The child that doesn’t ask

This is the child that just goes through life not worrying why something “is” but just keeps using/doing it. This is the child I was when it came to finances. I would just spend my parents money not worrying about where it was coming from. I never ever considered that I could be hurting them financially (Yea you could chalk this up to a lot of things, why I was like that, but just for argument’s sake I’m going to say all parents are perfect).

The point is I didn’t show initiative to find out where the money came from and chose to ignore the signs that were telling me to stop my actions.

Don’t be a child. Grow up and expand your mind. If there’s something you don’t know about, find out about it. The internet is filled with answers, all you have to do is ask the questions.

What have you found out recently that you never thought about before?

photo credit: h.koppdelaney