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Make significant charitable contributions By making a charity the beneficiary of your life insurance, you can make a much larger contribution than if you donated the cash equivalent of the policys premiums.
Insurance to replace your income can be especially useful if the government- or employer-sponsored benefits of your surviving spouse or domestic partner will be reduced after your death. Life Insurance Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of forced savings plan. Using a Mortgage Calculator ticks all the boxes
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Anyone who is thinking of applying for a mortgage really should do a little homework before they begin the process, otherwise you could end up wasting a lot of time and still not find a mortgage that is suitable for you. Even though the home buying market is beginning to change with the tightening of the lending laws there are still many different types of mortgage available and varying rates that are attached to them. If you are looking for the mortgage that is right for you a mortgage calculator is the answer.
Using a mortgage calculator cuts down the time you could spend scouring the internet and brokers looking for the best mortgage deals around as you simply input your details into it and the calculator does the rest for you. Is this too good to be true? in short no. These tools are fantastic if you want to be in control of your financial decisions without the pressure from a broker or lender both who will try to get you to buy the products that they want. Using a mortgage calculator you can work out for yourself which are the better deals and which ones you should steer clear of.
When you use a mortgage calculator you will be asked questions in order to assess your financial situation and mortgage requirements. You will be asked to give your name and the name of anyone else who might be applying jointly with you, the amount you wish to borrow, the term you wish to borrow over, the reason you are applying for a mortgage i.e. buy to let, owner occupied etc and then you will be required to fill in details of your employment and finances. You must be prepared to be honest when using a calculator as the questions and proof of answers relating to your income and expenditure and credit score will be called upon in the final stages of your mortgage application.
Once you have completed the questions on the mortgage calculator you can then calculate the mortgages that are available, in theory, to you. This is often in the form of a list of lenders that could be right for you based on the information that you have put into the calculator. From there you can browse the list of lenders and do further investigation into what they can offer you and which is the best for yourself.
A mortgage calculator is an invaluable tool if you want to be in the driving seat when you are planning to apply for a mortgage, and it can ensure that you dont apply for mortgages that dont fully meet your needs. By doing this yourself you know that you are getting totally independent advice as it is you that will be giving that advice! Mortgage calculators can also be used to determine if you can afford to take out a mortgage that is slightly higher or lower than you planned, simply by altering the amount you wish to borrow in the appropriate box. By doing this you really can weigh up how you could manage financially without the pressure of someone working for a mortgage company trying to persuade you to go with them.
So if you are looking for a mortgage that will suit you and you will be able to afford you really should try out a mortgage calculator. You do need to be aware however that using a mortgage calculator is not an offer of a mortgage and any applications you make will be recorded on your credit score and may be turned down.
If you are looking for a mortgage calculator look no further than Go Direct, we offer help on all aspects of getting a mortgage and using our mortgage calculator. If you need any further assistance Jason Jones our dedicated mortgage advisor will be more than happy to help with any queries about using our mortgage calculator that you might have.
Life Settlement: A Smart Financial Business Decision
By Christine Harrell
Those in the financial world know that life insurance policies are taken out for a variety of reasons. The policy could serve to cover a mortgage or buy out a business partner in the event of an untimely death. It could simply provide towards the cost of college if a parent were to die. But, situations change. The mortgage gets paid off, the business partners part ways and the kids all get scholarships to college. It is in these situations that a life settlement can be a wise decision.
A life settlement is when the owner of a life insurance policy sells that policy for a lump sum of money. There are many reasons for doing this, but the most important is that a life settlement provides the policyholder with immediate funds rather than possibly lapsing on a policy where the owner would receive nothing.
Not every life insurance policyholder qualifies for a life settlement. Depending on the buyer, there are certain restrictions regarding the policy's face amount, the age of the policy and the age and/or life expectancy of the policyholder. Still, for those that qualify, a life settlement provides an excellent opportunity for immediate income. There are several ways to use this income:
Investments
The lump sum that comes from an insurance settlement can be used to invest in stocks, bonds, mutual funds or even other insurance products. If the investor is looking for opportunities to build or enhance an existing portfolio, an infusion of cash from a life settlement could be a great strategy. Of course, investment opportunities can also be found in real estate. This could be an ideal strategy for funding that second home in the mountains or that beachfront vacation home.
Maintaining Lifestyle
An insurance settlement can provide the immediate income needed for retirees to maintain the lifestyle to which they are accustomed. Proceeds from the life settlement could be used to construct an income portfolio or even purchase an immediate annuity providing guaranteed lifetime income payments.
Long-Term Care
Long-term care can be a huge drain on a family's personal finances - especially when long-term care insurance has not been purchased. Choosing a life settlement can provide the income needed to pay for long term care. If properly structured, the income portfolio can be designed to create the stream of income closely matched to the policy's annual premium. This can be a huge relief to families dealing with a long-term illness.
Other Financial Objectives
There are other ways to use a life settlement that may not necessarily be traditional choices. Some policyholders choose to use their lump sum to make gifts to heirs. For some, it is worth it to be able to see family enjoying their inheritance. Other policyholders that receive a life settlement choose to donate to charity. This can be a beautiful way to make a lasting impression.
Of course as with all investment and money issues, if an investor is unsure how to build a diversified portfolio or what exactly to do with a life settlement, professional advice and management should be considered.
Author is a freelance copywriter. For more information on Life
Settlements, visit http://www.ifgins.com.
What Insurance Companies Dont Tell You
By Cheryl A. Clausen
 Bob had been an agent about 18 months and he was free falling. When he was recruited his sales manager assured him hed be making $100,000 a year in no time. After all, he was already a successful sales person. It was just a matter of moving from selling a tangible product to selling an intangible product, right?
Bobs sales manager failed to mention a few things. Like how many new agents earn $100,000 by the end of their first year, and the number of new agents still in business after two years. Bobs recruiter never mentioned that the insurance company doesnt expect more than 3% of the new agents to last more than two years. He also didnt mention that Bobs experience of earning around $20,000 his first year and then earning even less in year two really isnt uncommon.
The insurance company recruiter didnt mention that the insurance company wins whether Bob makes it or not. They know Bob will sell his family and friends and few others. They also know that once Bob is out of the business theyll continue to receive their premiums and wont have to pay Bob his commission.
Unfortunately, once you hit the free fall stage like Bob you run out of time before you can save yourself because you simply dont have the money to continue. However, there are a few things you can do to avoid sharing Bobs experience:
* Learn how to promote yourself so you consistently attract highly qualified prospects to you
* Position yourself as a trusted adviser rather than a dreaded salesperson
* Uniquely package your services increasing your clients desire to work with you
You dont even have to know how to do these things better than anyone else. You just have to do them well enough to produce some results. After that you have the luxury of making improvements. It isnt that top producers do things so much better than everyone else. It is that top producers consistently do the little things that ensure their success when everyone else doesnt.
Discover the 7 Secrets Top Producers Know that You Can Put to Use in the Next 9 Days
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