Archive for the ‘Financial Services’ Category

Insurance Continuing Education Online Professional Disability Coverage}

Wednesday, February 27th, 2019

Submitted by: Edward Hulse

Professional Disability Insurance

What It Is

So-called professional disability income insurance can address a combination of business and personal needs since the professional person’s work is the source of income that pays for both business and personal expenses. For insurance purposes, professional DI policies are those written for people in certain occupations that generate incomes over $100,000 annually. Insurers write professional policies for individuals who need income replacement in the range of $20,000 to $30,000 per month. Since not every insurance company is willing to provide monthly benefits in these amounts, you will want to locate those that do in order to serve this market.

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Income, however, is not the only characteristic that defines this group. Eligibility is generally restricted to professionals who are independent and self-employed, but highly compensated executive employees might also be considered. Typical occupations acceptable for professional DI insurance includes physicians and other health professionals such as dentists, optometrists, psychiatrists and pharmacists; lawyers: accountants; engineers; architects; and some executives, generally PhDs or those who are otherwise highly educated. This is just a sampling of eligible occupations. The companies you represent provide a complete list of occupations they will consider for professional DI policies.

Aside from the large dollar benefits involved, professional DI policies operate essentially like any other individual policy. As indicated in an earlier chapter, professionals are eligible for the most liberal benefits of any occupational group. Chapter Eight of this text discusses the various occupational classes more fully. Because of the high incomes involved, one of the major differences between writing professional DI policies and others is that social insurance benefits are not large enough in comparison to actual earnings to interfere with the income replacement calculations and cause over insurance problems.

The Key to the Professional’s Livelihood

Reading the list of typical professional occupations above, you can see that these are people who provide vital services for society and who are frequently self-employed. Performing these services is the key to the professional person’s livelihood. The inability to earn income by performing these services affects not only personal finances, but also the very life of the business itself since it is those services that keep the business operating.

Consider, for example, a self-employed physician, operating without partners and employing a small staff. If this individual is unable to work, first of all, no income is generated to pay for personal expenses. Second, no income is generated to continue the medical practice by paying ongoing business expenses, including a substitute physician to see the disabled doctor’s patients. If a medical practice shuts down temporarily, patients must look elsewhere for services and there’s no guarantee they will return even if the disabled physician recovers. The physician is likely to suffer a double loss: current loss of income and loss of the business he or she might have spent years building. There is no substitute for disability insurance to overcome these problems. Later you’ll also learn about some specialized disability policies that address ways to keep a business intact during the disability of someone whose active working presence is key to the business.

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Debt Settlement Done Right

Sunday, February 10th, 2019

byAlma Abell

There are debt settlement companies that have your best interest at heart and then there are others. These others charge exorbitant fees and often leave you in more debt than you started with. To make matters worse, they often have reputation management companies that hide the truth about them from their customers. This is why you may never see a negative review when you do a basic Internet search. In order to avoid these scammers, you can work directly with a qualified law firm.

Working with a law firm for the best results

A law firm can provide you with the legal counseling, advisement, and services you need when seeking debt settlement. If you work with a bankruptcy law firm, they are skilled in debt settlement and can provide you with the assistance you need. Filing for bankruptcy is one of the most effective ways to wipe away your debt once and for all. This type of debt settlement will provide you with the peace of mind you deserve so you can have a fresh start and a new life. Although it can be hard to know which debt settlement companies to trust, you can have faith in law firms that are local to your area. You will know that they are around for the long run and ready to provide trusted financial services on your behalf.

Debt settlement with bankruptcy

Filing bankruptcy can help you get the debt settlement results you are looking for. Chapter 13 bankruptcy can allow you to file for protection from creditors while wiping away all of your unsecured debt. You can also settle your debt through a debt repayment plan with Chapter 13 bankruptcy. This helps you get the best out of your money instead of wasting it on programs that don’t really work for you. Paying interest on past debts can result in more debt and some debt settlement companies don’t provide the help and assistance you were hoping for.

Moving forward with your life

After you have achieved adequate debt settlement, you can work towards moving your life forward. Rebuilding takes time and involves making smarter financial decisions. Even if a change in jobs prevented you from making payments, by not accruing huge amounts of debt, you will be better prepared to handle these challenges. Debt settlement with a qualified legal team can provide you with the tips and advice you need to make the best choices for your future.

Get the debt settlement you need from the law offices of James E. Hitchcock.

No Load Mutual Funds Or Exchange Traded Funds (Et Fs)?}

Sunday, January 13th, 2019

Submitted by: Ulli G. Niemann

If you are fed up with early redemption charges and ever increasing mutual fund management fees on top of bad-performing fund managers, read on. There is a quiet revolution going on in the no-load mutual fund industry and you, the individual investor, may benefit from it greatly.

I am referring to Exchange Traded Funds (ETFs), which have been around for years, but have grown tremendously since their inception. There are currently over 100 choices with around $10 billion in assets.

In a nutshell, an ETF is a specific kind of no-load mutual fund that you might consider to be a basket of stocks. ETFs are diversified like mutual funds, only they trade like stocks. They are cheap to trade (as low as $8.00) and dont hit you with any short-term redemption fees. And they offer investing opportunities across the board.

ETFs track every index under the sun including the S&P 500, the Nasdaq 100, The Russell 2000 and many others. Available through any discount broker, they basically fall into one of three categories: broad-based U.S. indexes, sectors and international.

The have esoteric names such as iShares, StreetTracks, HOLDRs and SPYDRs. The difference is in the index they are tracking and the company marketing them. You will see big name companies offering them, like the American Stock Exchange, Barclays Global Investors, Vanguard, and State Street Global Investors.

In my newsletter I track the currently most appropriate ETFs for you to consider. For more detailed information you can visit these web sites:

In addition to inexpensive trades and no short-term redemption fees, how else can ETFs save you money vs. no load mutual funds? One way is on their annual management fees. That fee for ETFs is in the area of 0.45% vs. 1.5% on average for no load mutual funds. The fees charged by discount brokers are so low they almost can be disregarded, usually less than 0.1% of the transaction.

For example, I have used ETFs for some managed account clients during my last Buy cycle, which started on 4/29/03, and paid $27 for a $28,000 order and that wasn’t even with the cheapest discount broker.

So, if these ETFs are so great, why hasnt your broker or financial planner recommended them to you? Simple! Brokers, and those advisors working on commissions, dont make money on ETFs; no commissions up front or hidden on the back end. It’s simply not in their interest to promote them.

With all the positives for the investor, there is one disadvantage, which may not be applicable to you unless you are a hot shot no load mutual fund picker. It is that in any given economic environment really super performing mutual funds can outperform the indexes, but an ETF can never outperform the index its tied to. You would need to look at your own investment record to know whether this is a downside for you.

Heres a real life example from my advisory practice. My trend tracking indicator signaled a Buy on 4/29/03. Based on my momentum indicators I chose 5 no load mutual funds and 4 ETFs. Over the following 3 months my ETFs gained anywhere from +10.02% to +22.36%, while my no load mutual funds gained from +9.15% to +36.35%. If youre fortunate enough to make a superior selection you will outperform an ETF. Of course, that presumes you picked a very successful fund as compared to only a moderately successful ETF.

A word of caution! Just because ETFs are cheap and easy to buy doesnt mean they will guarantee you a profit. You can lose money with them just as easily as you do with no-load mutual funds. You still need to make sure you have a disciplined methodology in place to help you get into and out of the market. If you dont, youre gambling no matter what you invest in.

Having gotten the disclaimer out of the way, hopefully these insights into ETFs will broaden your perspective on ways you can prosper in your investments.

About the Author: Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped countless people make better investment decisions. To find out more about his approach and his FREE Newsletter, please visit:



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How To Start A Scrapbooking Business

Wednesday, December 19th, 2018

By Mindy Benkert

Have people commented on what great scrapbook or memory pages you make? Do they ask your opinion on what they should do with their pictures? If you have answered yes to either of these questions, you may want to consider a scrapbooking home based business. People are realizing how important their memories from a wedding, birthday, vacation, or just everyday life are. Having their photos and other important memories sitting in a drawer isnt a very satisfying feeling. Creating lasting, beautiful scrapbooks is a calling, but it isnt for everyone.

Starting a scrapbooking business is a great way to use your talents and earn some extra money.

How Do I Start a Scrapbooking Business?

The first step to starting your business is to making a portfolio. Gather all of your best scrapbook and memory book pages together, and compile them. This will give your prospective clients something great to look at when they are considering your work. Once youve done that, the next step is to find clients.

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You may want to consider signing up as a consultant with a scrapbook supply company as well. To ensure that your scrapbooking business is profitable, you will need to purchase your supplies at discounted or wholesale prices. Creating unique, quality scrapbook pages will require a variety of supplies including stickers, paper, embellishments, etc Make sure that you always have a wide variety on hand to help create fantastic scrapbook pages.

How Do I Find Clients?

The first step to finding clients is to let people know about your new business. Tell all of your friends and family and encourage them to let others know as well. Consider writing and submitting a press release online and in your local community. You can also do a bit of simple advertising. Make a cute flier, and stick it up on the bulletin board at your supermarket, church, or art store. Once you have a few clients, you might want to consider giving discounts if they refer someone, or coupons for a discount off their next order.

How Do I Expand My Business?

If you want to expand your scrapbook home business, consider teaching others how to scrapbook. You can set up classes and teach them how to preserve their own memories and make them look great at the same time. Just imagine how much fun it would be to get together with a group of people and share your experience, while making a profit.

Making a scrapbook or a memory book is something that will last a lifetime with proper care. When you advertise your scrapbooking home business to prospective clients, let them know that their photos and memories will last a lifetime with your help. It should be your passion to save those photographs that are jumbled in a drawer somewhere, and create lasting memories for your clients.

If you have the talent and passion for creating beautiful scrapbook pages, you definitely should consider a scrapbooking business. To create lasting memories for your clients, and get paid, you can’t beat that.

About the Author: Mindy Benkert is a successful business owner devoted to helping others find their Perfect Business! Visit her website for the latest

Creative Business Ideas



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Saying Goodbye: Planning With An Affordable Funeral Home

Monday, October 29th, 2018

byAlma Abell

Planning a funeral or cremation is usually not on the top of everyone’s favorite to do list. Moreover, in instances where accidents or serious illnesses occur without warning it may never even enter into the discussion. Having an idea of what to include in a memorial service and burial vs. cremation is an important factor to discuss, as is finding an Affordable Funeral Home.

Plans for memorials and burials are personal and should be discussed with family members so that desires are clear and understood. Depending on personal beliefs, this may include cremation or full burial services. Interment after cremation is an option, but others may prefer to have family or friends scatter their ashes in a beloved place, or family may choose to keep them at home in a special urn. Having these decisions made can help take the stress off the family when death does occur.

Funeral homes like Cascade Memorial can offer special services to those who have served in the Armed Forces (and their family members). This may include helping to set up burial at military cemeteries, ordering flags for service member’s coffins or other military honors.

Having plans finalized and pre-paid for can help take the sting out of the end of life decisions and grief that comes whether death is expected or unplanned. If a full burial is planned, choosing a family plot and paying overtime can help reduce the financial strain and reduce out-of-pocket expenses at the time of death. Caskets are required for those choosing burial, the rules for cremation and internment of ashes vary by location so it is important to thoroughly understand what is included in cremation costs and what may be extra.

Funeral services can be as simple as a private ceremony at the graveside or include visitation and open memorial. Having a frank and open discussion as to how to be remembered after death should honor both the deceased and the family members planning the memorial. Working with an Affordable Funeral Home can help keep plans organized and on track. Don’t wait until it is too late. Take steps toward funeral pre-planning today.

Find The Most Reliable And Cheapest Auto Insurance Companies

Tuesday, April 11th, 2017

By Jim Bassett

As there are literally hundreds of insurers that now offer cover for vehicles it is important to understand how to find one that suits your needs. For most drivers the task involves locating the cheapest auto insurance companies. The following suggestions and advice should make sure that your quest is productive.

As the cost is usually the biggest factor it is important to compare rates from as many different insurers as possible. Don’t just take quotes off two or three firms, cast your net wide and get information from seven or eight, you will be amazed at the different prices you are offered for what are basically the same type of policies.

As most insurers have an online presence the effort involved is often far less than you may first imagine. In fact you can visit an auto insurance comparison website that would reduce the work you need to put in even more. Of course it would be rather unwise to simply rely on comparison websites to get the best deal. You will also have to speak to various insurers in person to discuss your exact needs.

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You need to asses the reliability and strength of each of the insurers you check out. Although price is the primary consideration there are other factors which also should be thought through. You would feel foolish to opt for the cheapest possible quote only to find out at a later date the company you have signed up with has a poor record when it comes to paying out. Again you can use the internet to find out information. Check out websites that offer ratings to insurers which are given by the customers themselves. This should include such dynamics as the ease at which claims have been settled as well as the time taken.

Another essential consideration is whether the company has a professional customer service department. For this you need to use your own judgement. Send them an email or call them up and ask a question such as if there are any discounts available for multiple vehicles. You should be able to tell from the tone of their response how much they would value your custom.

You can also inquire with your states department of insurance if the insurers are reputable and have a long and established history. A new firm is perhaps best avoided as their reliability may not have been proven.

If the quotes given to you seem unbelievably cheap then be warned their may be a catch, Think whether or not the policy would include all the dynamics and criteria that you need. For example not all premiums would include collision coverage or roadside assistance. Also you should remember that the minimum legal insurance requirements will differ from state to state.

You can often get a good deal by asking your friends and work colleagues about the insurers they use for their vehicles. Through word of mouth we can discover companies we may not have even considered or are aware of. As long as you do your homework you should be able to get quotes that are both cheap and perfect for your situation.

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