6 Important Benefits Of Financial Planner And Financial Planning

Financial planning is darn important for every individual and institution, household or a company. Almost every individual or institution need services of a financial planner at some point in time; and whether it could be for child’s education, or plain savings, or for retirement planning, or for insurance, or for investment in mutual funds, whatever it be, it can only be dealt with the help of a qualified professional financial planner.

There are many finance planning tools such as asset management, real estate investment, personal banking, legal resources, etc. but you bet these tools will not match the expertise of a human financial planner.

Financial planning is a meticulous job and who else other than a professional financial planner can execute efficient financial decisions? A financial planner has the proficiency to deliver a tailored financial plan for every individual requirement. And the services of a financial planner is everyone’s need; be it to increase wealth, savings, health/life insurance, tax planning, real estate investment, mutual funds investing in shares etc all need the proper guidance and advice for your finances to make short term and long term gains rather than letting your money sleep in bank accounts. Here is most important six benefits you can gain from a financial planning:

* The foremost important advantage of opting the service of an expert financial planner and taking his financial planning seriously is that you will have a controlled monthly expenditure.
* Second is the monetary allocation; a smart financial planner after analysing your turnover(monthly or annual) will divide you monetary resources into expenditure, saving and investments under his financial plan that gives you a sense of financial direction instantly.
* A perfect financial planning should and must include some monetary allocation towards medical insurance/accidental insurance for you never know when an emergency would arise.
* The major benefit you derive of a financial planning is that it assures you to remain financially stable even after retirement.
* Saving some booty for a rainy day; a financial planner ensures you are in a position to face any kind of financial crunch, which is unpredictable.
* Financial planning without any investment/saving for children’s education is simply incomplete and sheer ignorance on the financial planner’s part.

A financial planning other than offering perfect security to your monetary resources also augments your knowledge about financial investments thereby helping you handle your wealth more economically and efficiently.

Financial planning is darn important for every individual and institution, household or a company. Almost every individual or institution need services of a financial planner at some point in time; and whether it could be for child’s education, or plain savings, or for retirement planning, or for insurance, or for investment in mutual funds, whatever it be, it can only be dealt with the help of a qualified professional financial planner.

There are many finance planning tools such as asset management, real estate investment, personal banking, legal resources, etc. but you bet these tools will not match the expertise of a human financial planner.

Financial planning is a meticulous job and who else other than a professional financial planner can execute efficient financial decisions? A financial planner has the proficiency to deliver a tailored financial plan for every individual requirement. And the services of a financial planner is everyone’s need; be it to increase wealth, savings, health/life insurance, tax planning, real estate investment, mutual funds investing in shares etc all need the proper guidance and advice for your finances to make short term and long term gains rather than letting your money sleep in bank accounts. Here is most important six benefits you can gain from a financial planning:

* The foremost important advantage of opting the service of an expert financial planner and taking his financial planning seriously is that you will have a controlled monthly expenditure.
* Second is the monetary allocation; a smart financial planner after analysing your turnover(monthly or annual) will divide you monetary resources into expenditure, saving and investments under his financial plan that gives you a sense of financial direction instantly.
* A perfect financial planning should and must include some monetary allocation towards medical insurance/accidental insurance for you never know when an emergency would arise.
* The major benefit you derive of a financial planning is that it assures you to remain financially stable even after retirement.
* Saving some booty for a rainy day; a financial planner ensures you are in a position to face any kind of financial crunch, which is unpredictable.
* Financial planning without any investment/saving for children’s education is simply incomplete and sheer ignorance on the financial planner’s part.

A Guide To Understanding Different Insurance Policies

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer agrees to make certain payments to the company. The insurance company agrees to pay a sum of money to a person of your choosing if you die. There are different types of life insurance policies available in market. Here in this article we will provide basic information about some of the most common Insurance Policies.

Insurance is one of the most popular financial instruments that offer savings as well as protection. It is a financial agreement between a policyholder and the insurance company. Taking an insurance policy means the insurer will compensate the policyholder for financial damages occurred to him, against the payment of periodical charges called premiums.

The cost of buying insurance largely depends on the range of coverage and terms of the policy. If a policy covers multiple risk factors, it will be more expensive. Before buying insurance, it is essential to understand its different types, some of which are:

Life insurance: Life insurance policy offers financial indemnity to the beneficiary against the death of the policyholder. Indian insurance companies offer several types of life insurance policies. Life insurance policies are particularly useful for individuals who have dependents or financial liabilities.

Home insurance: This is a type of property insurance that offers financial protection against damage to the building and its contents. Home insurance covers damage due to eventualities such as fire, theft and earthquake. An entire list of such eventualities will be mentioned in the policy disclosure agreement. Home insurance is also called homeowners insurance.

Auto insurance: Since buying auto insurance is a legal requirement in all Indian states, it is also one of the most popular insurance products. Most states also require customers to buy third-party insurance. Third-party insurance ascertains that you have enough finances to pay for damages caused to another person or property. One can also buy collision or comprehensive insurance policies that offer extended coverage. With an ever-increasing number of insurers providing car insurance, it becomes difficult to identify the best. Such situation requires buyers to compare car insurance quotes from different insurers and decide the one that suits them best.

Health insurance: Health insurance provides financial cover against sickness and disability to the policyholder. The Indian government has launched several programs to ensure healthcare facility to low-income families, government officials, veterans and senior citizens. The others may utilize the services of private health insurance providers.

Advantages of Life Insurance

1. Provide financial security to you and your family.
2. Can cover medical, educational, and daily living expenses.
3. Life insurance payouts are not taxable.
4. The best insurance policy can provide liquidity to pay off personal loans or business loans.
5. Life Insurance can help you to retain your Business from the loss of a key employee.
6. Life Insurance can be useful in paying estate taxes, along with other estate settlement amounts.
7. It creates a long-term savings opportunity with a reasonable rate of return.
8. Insurance policy also provides some optional benefits such as critical illness benefits, additional term benefit, accidental death benefit and waiver of premium benefit.
9. Life Insurance helps replace a charitable gift.
10. Insurance gives security to both individuals and businessman.

Read and compare insurance policies carefully. Also, read the list of exclusions and damages that are not covered under the policy, before signing the insurance agreement.

Benefits Seniors With Life Insurance For Elderly Couples

Senior couples should plan for the future of their families with life insurance for elderly plans. A financial advisor who specializes in finances for seniors can help to assist couples find the right policy. An advisor has the experience and knows the companies with in-depth knowledge to recommend the right plan, customized to individual needs. They can still help couples to receive a good rate on life insurance for elderly packages despite health issues and age. This benefits many senior couples who have a difficult time securing life insurance, and who are concerned about the future stability of their spouse, children and grand children.

Life Insurance Age Limits have Been Extended

It the past it was not uncommon for life insurance plans to have a cut off limit after the age of 69. Recently, insurance packages can be received for couples who are up to 89 years old. It’s important to ask for advice and recommendations from a financial advisor as early as possible, as rates for life insurance still vary based on age brackets.

A financial advisor can help elderly couples find a plan that suits their financial needs. Many seniors are on a fixed or limited income, and an advisor can research and secure plans for as low as $20 a month. This provides a significant advantage to elderly couples who still want to enjoy their golden years, and provide for their families.

Explaining the Difference in Insurance Plans

Financial advisors are allies in matters of money and safeguarding assets. Many seniors will want to understand the differences between individual and creditor life insurance plans. The advisor will make sure that seniors are fully informed and satisfied with their rates and plans before committing to a policy.

Other insurance options such as last-to-die coverage, which is offered at a lower rate, will be presented to the couple to assist with estate planning. This type of policy can provide a pay out of tax free death benefits upon the passing of a spouse. Although the topic of life insurance can be a sensitive matter, a financial consultant has the compassion and experience with these important matters, to make clients feel comfortable when discussing the future after the passing of a loved one.

Do you have health issues?

In the senior years, many elderly couples have had health issues and they worry about being denied a life insurance plan. The financial consultant will be able to offer a plan, including a simplified life insurance plan, which does not have medical tests. The consultant will find the best plan where the couple can answer “no” to the most health questions possible, as the less questions asked, equals the highest premiums. A financial consultant works around the couple’s obstacles to guarantee them the policy that they need to secure their assets, and help their families survive after they pass on.

Life Insurance Policy & Mutual Fund Investment

In the fast paced running life cycle of human body life and financial security is very essential. With the increasing number of life emergency cases, people have become quite conscious about securing the life of their dear ones after their death. Thus, taking up the insurance policy according to need and financial security is termed to be very wide among the common mass of today’s busy life.

There are various types of insurance policies that are availed in the market for different terms and conditions. It includes life insurance, general Insurance,
medical insurance, fire and theft insurance and marine insurance which are the four main diverse kinds of insurance policies that are accessible to the public. Thus, insurance is a safeguard for consumers against all the possible wrong things that can happen to them or their possessions.

Apart from life insurance and general insurance, medical insurance is the concept of insurance is gaining much popularity these days. Medical insurance policy is a great solution to this kind of problem related to health security and the rising of medical costs, there is no dearth of good hospitals and good doctors and surgeons, but costs involved in getting a critical illness treated may cost heavy to one’s financial health.

There are different kinds of programs in health insurance policy. Visitor’s medical insurance may seem to be a new term to many of the people. It can really prove to be beneficial in a number of cases like many people get ill while visiting any place due to exhaustion or serious ailments they may need to get admitted in a hospital. It can cost of sudden heavy medical emergencies intern of economy for the common people. In that case, visitor health insurance coverage can really prove to be beneficial. They can help to cope up with such kind of unexpected illness. Thus, medical insurance policies are one of the fine health securities in the true sense of the term.

One of the latest types of insurance marine insurance is one prime investment in insurance sector. Taking up marine insurance serves the policy to reimburse financial losses caused due to damage to a ship and any accompanying properties, including the cargo, from port of departure to port of destination. Also, available specialty marine insurance policies include those for marine cargo insurance, marine business insurance, and personal watercraft insurance.

To understand comprehensive fire and theft policy it need to understand how its alternatives work. In prospectus of holding this policy, it offers the insurance against the damage caused by fire or theft policy to vehicle. This policy guides insuring your vehicle or theft on legal term. There are three degrees available for the cause: third party only, third party fire and theft, and comprehensive. Third party only protects the policy holder against damage to vehicles driven by other drivers, third party property, and third party injuries; while third party fire and theft cover adds protection for the vehicle if it is stolen or suffers fire damage.

Mutual fund investment is another investment tools which is popular in the financial market. The one big reason why so many people are involved in this kind of investment as opposed to other types of investments is due to its affordability. Almost anyone can get started because individual do not require a large or substantial sum of money to be able to invest. There are many benefits in investing the money this way. First of all, the investment is looked after by investment managers. There is nothing that the mutual fund holders need to do.

Secondly, the mutual fund investor’s risk is low because by investing this way, the fund investors are investing on a variety of assets. This fund is really spread over several types of securities. There is certainly a variety of mutual fund investments that are available; each with its own potential growth and financial objectives. Thus, it is always advisable to go through the financial consultant for any cause of disparities.

The Financial Crisis And Your Auto Insurer

In what many experts have called the worst financial crisis since the Great Depression, millions of people have begun questioning whether their auto insurance companies are stable. They’re wondering if their insurers will have the financial resources available to pay claims. The economy continues to roil; headlines are splashed with news of high-profile bailouts. Drivers’ concerns are understandable. However, most of that concern is unwarranted.

There is a support structure in place that all but guarantees that claims will be paid. Below, we’ll provide a quick overview of the auto insurance regulatory structure. We’ll also explain how your insurer’s financial stability affects you and when you might want to make the decision to switch carriers.

Separating Fact From Fear

A lot of drivers are worried that the current financial crisis places their car insurance policies at risk. They’re afraid that carriers won’t be able to pay a claim in the event of a traffic accident. Some of this fear comes from the memory of property insurance companies being decimated in the wake of Florida hurricanes years ago. But, that situation was completely different. The equivalent for the auto insurance industry would require that every driver be involved in a catastrophic collision on the same day. In effect, an impossible scenario.

Auto Insurance Regulatory Structure

The underpinnings of the auto insurance industry are founded upon a strict regulatory structure. State regulators work closely with the industry in general as well as with each individual carrier. They do so to ensure that resources are always available to pay policyholders’ claims, even in the case of an economic and financial crisis.

Every auto insurance company is required by the state to set aside a given level of loss reserves. The purpose of these reserves is to pay claims. Insurers are also required to annually report their financial viability to the state insurance department. That way, state regulators can review the potential risk assumed by policyholders in light of each carrier’s financial status.

In the event that your carrier becomes insolvent or files for bankruptcy, the loss reserves remain available to pay immediate claims.

The Next Level Of Consumer Protection

Because an insolvent auto insurance company represents a potentially severe economic impact to a state, regulators have created another level of protection for consumers: state insurance guaranty funds. Car insurers are required to contribute funds to the pool. If a carrier becomes insolvent and its loss reserves are insufficient for paying its policyholders’ claims, the guaranty funds are used.

Should You Switch Auto Insurers?

Even though there is a regulatory structure in place to protect policyholders, it’s still worthwhile to review your auto insurer’s financial stability. If your carrier shows signs of impending insolvency, consider switching to a new insurance company. It’s also important to review your policy once or twice each year. Consider the rates you’re paying, the coverage you’re enjoying, the service you’ve received, and your current needs.

If your auto insurer is habitually late in paying claims or worse, refuses to pay many of them, it may be time to switch. You can often find lower rates with better coverage at insurers who are willing to compete for your business. If you decide to change car insurance companies, remember to keep your current policy in effect until you have signed a new policy. Then, cancel your old policy in writing.

The current financial crisis is unlikely to expose you to the risk of not having your claims paid. But, there may still be reasons to consider making a change.

Funeral Financial Services

There are many families who face economical problems and have to worry for their Funeral Financing needs. Due to the rising cost of goods and services, more and more funeral homes and cemeteries are requiring payment in full prior to providing funeral services. Sometimes when people think of their Funeral Insurance and getting back the claim they need to wait for long and additionally, the average interest rate for using a credit card to pay for these services would be 12 – 18% and higher. Furthermore, the paperwork associated with funeral financing and insurance assignments is becoming more complicated and time consuming. This hinders your ability to service your customers. Funeral Financial Services serves people with financial solutions and can assist one in the most professional matter for all their Life Insurance Assignments. Funeral Financial Services are the fastest growing insurance reassignment company in America serving with best Life Insurance Funerals. The company works with funeral homes and cemeteries throughout the country with one simple goal – to provide the most efficient Funeral Financing and professional Funeral Insurance assignment service available. Funeral Financial Services reduces stress at an already difficult time. It provides ability to fund additional items needed at either the funeral home or cemetery without having to come out of pocket.

Funeral Financial Services was the first in the business to offer what are now considered industry standards. Its services are always tailored to ones unique needs. The company is consistently coming up with innovative methods to make Life Insurance Assignments bearable for its customers. It considers its reward when its clients are fully satisfied. At Funeral Financial Services, its customer service is its key to achieving success with the funeral home industry. Apart from best services, the company provides several introductory offers and discounts to its customers. Through Life Insurance Assignments, Funeral Financial Services assists funeral homes and cemeteries by taking the burden of collection away from ones staff. The company increases ones cash flow, reduces bad debt and reduces ones administrative costs.

Employees at Funeral Financial Services, speaks with its customers personally and get an understanding of your situation, goals and objectives. Then it gathers all of the relevant data needed to process ones particular case. It works closely with ones company to process the information for Funeral Insurance as quick as possible in order to get the funds immediately. Thus the company provides best and timely Funeral Financing. The average turn-around time once one faxes the necessary paperwork to Funeral Financial Services is typically 24 hours. Some cases can be approved and funded the same day depending on the insurance company and their policies. Handling the Funeral Insurance assignment process effectively is the key to success. Funeral Financial Services is here to assist one with the all-important insurance assignment process as we strive to make Life Insurance Assignments manageable.
There are many families who face economical problems and have to worry for their Funeral Financing needs. Due to the rising cost of goods and services, more and more funeral homes and cemeteries are requiring payment in full prior to providing funeral services.

10 Important Reasons For Taking Out Life Insurance

Insurance in general is designed to protect you and your family from disasters and the financial burden which so often follows. There are many different types of insurance of which the basic and most important is considered to be life insurance which provides for your family after your own death.

Since there are certain financial commitments you have to meet throughout life you need also to provide something even in death to secure the family home, to assist the family to meet expenses for a while, to provide for dependent parents or to provide security for your spouse and possibly children.

These financial obligations might include things like your funeral expenses, unsettled hospital and other medical bills, mortgages, business commitments and providing for the education expenses of your children.

Just how much insurance you need will vary depending on your lifestyle, income and financial needs, debts, and how many dependents you are supporting. As a general rule you should have insurance coverage that is five to ten times your present annual income.

An important part of your financial planning, whole life insurance provides peace of mind for any uncertainties in life.

1. Life insurance correctly planned will provide funds in the event of premature death to deal with monies due, mortgages and day-to-day living expenses. It provides protection for the family you leave behind and acts as a cash resource.

2. It gives security for your hard earned estate on death by providing a tax free cash sum that can be utilized to pay estate and other death duties.

3. Life insurance plans can also have a savings or pension provision that can help to fund you in retirement.

4. In some cases policies have riders such as restricted coverage of term insurance or critical illness for a child or spouse. There are particular rules considering eligibility for riders that you will need to determine clearly.

5. In case of bankruptcy the cash value, as well as death benefits, of any insurance policy is exempt from creditors.

6. Holding a valid insurance plan is considered as having a financial asset and this improves your credit rating when you arrange health insurance or a home loan or business loan.

7. Term life insurance has double benefits as it protects and you can get your money back at important points in your life.

8. Life insurance can be arranged in such a manner that it will cover even the expenses of your funeral.

9. Insurance protects your business from financial loss or any liabilities in case a business partner dies.

10. It can go a long way towards keeping a family’s standard of living if one partner dies unexpectedly.

Insurance forms a vital part of good financial planning but you do have to evaluate your personal risk and your longer term commitments.

Finding A Cheapest And Best Life Insurance Policy

Looking for the top rated life insurance companies to buy a good life insurance policy to safeguard your family in times of uncertainty but little tight on budget. If the answer is ‘Yes’ then it is advisable to make an investment in your insurance scheme wisely by comparing quotes for various available plans offered from all leading insurance companies. Find out how much insurance you need to protect your family by making comparison Over 50 Life Insurance quotes.In today’s fast-paced world, when life is so uncertain quality life insurance has become a necessity rather than a fad which standout as a great financial tool offering various benefits to the insured person as well as the beneficiary of a policy. It is a legal agreement between two parties – the insurance company and the policyholder where company is ensuring for financial support to the insurer’s family in the form of paying a lump sum amount of money. In the return, the policyholder agrees to pay a certain sum of money every month or year or quarter (as per the contract terms) called premium.
To cope with a personal loss like a financial crisis,
Life Insurance for Over 50
is an ideal way comes into picture that make your loved ones financially secured even in your absence. When it comes to life insurance policy, there no dearth of choices in plans ranging from universal cover to term, whole, and endowment policy. It depends on many factors including health, age, income, number of dependents, outstanding loans related information of policyholder.
Choosing the best and cheapest life insurance policy to safeguard you and your family in tough times can be a serious challenge. Make enough research before trying to shop around for low cost life insurance. An internet is the best place to begin with your research. Over the internet, there are many online portals available offering policy comparison facility where you can compare life insurance for over 50 quotes offered by all leading companies. When buying policy make sure to conduct a comparison so that you can pick one of the cheapest and best plans.
Many people consider low cost life insurance on account of financial constraints to get assured. There are certain factors you should remember while making investment in insurance policy – reliability, price, flexibility, premium and financial benefits. Ask the service provider if there is any special offer available with the policy or not. Choose you policy by considering all your personal needs and preferences.
Looking for the top rated life insurance companies to buy a good life insurance policy to safeguard your family in times of uncertainty but little tight on budget. If the answer is ‘Yes’ then it is advisable to make an investment in your insurance scheme wisely by comparing quotes for various available plans offered from all leading insurance companies. Find out how much insurance you need to protect your family by making comparison over 50 life insurance quotes.
In today’s fast-paced world, when life is so uncertain quality life insurance has become a necessity rather than a fad which standout as a great financial tool offering various benefits to the insured person as well as the beneficiary of a policy. It is a legal agreement between two parties – the insurance company and the policyholder where company is ensuring for financial support to the insurer’s family in the form of paying a lump sum amount of money. In the return, the policyholder agrees to pay a certain sum of money every month or year or quarter (as per the contract terms) called premium.
To cope with a personal loss like a financial crisis, life insurance is an ideal way comes into picture that make your loved ones financially secured even in your absence. When it comes to life insurance policy, there no dearth of choices in plans ranging from universal cover to term, whole, and endowment policy. It depends on many factors including health, age, income, number of dependents, outstanding loans related information of policyholder.