Common Mistakes to Avoid when Buying Business Life Insurance

Life insurance offers a diverse range of benefits, whether you apply when young or aged. Your dependents can use it to clear your debts or mortgage when you’re gone, provide for their daily needs, or even finance other investments to guarantee a better future.

All the above are possible if you apply the policy correctly without making the mistakes we share below. After all, familiarizing yourself with life insurance facts is an essential step in making a decision that you won’t regret along the way.

Here are the common mistakes that policyholders ought to avoid when buying business life insurance.

Choosing the wrong life insurance policy

While it’s crucial to choose a life insurance policy that aligns in pricing with the marketplace, the cost shouldn’t be the only factor to consider. It helps to understand the exact benefits that the plan offers to your personal needs before all else.

For example, this life insurance cover sourced by Caspian is an excellent choice when you’re employed. With it, your employer pays for the protection whilst getting tax relief from the government for being a business expense.

Before spending money on any life plan, find out about the terms and possible restrictions that come with it. While at it also, consider the benefits if the risk occurs vis-à-vis the total amount of premiums that you’ll pay during the entire coverage period.

Waiting too long to purchase

The interesting fact about life insurance policies is that they cost more as you grow older. This stems from the fact that older people are at a higher risk of life-threatening health conditions than younger people. For this, insurance providers tend to charge costlier premiums as you approach old age.

Besides, sometimes you might struggle to find suitable coverage if you wait too long to purchase the life insurance policy. And if you’re lucky to get it, the benefits might not be as lucrative as those available to people who apply when younger.

Forfeiting premium payments

Not all life insurance policies are leniently flexible when it comes to monthly payments. For example, the terms of a universal life policy are strict to late payments. Therefore, if you choose it, ensure you’re up to date with your premium payments. Doing this will guarantee full payout when the covered risk occurs.

Even with the above strictness to forfeiture, insurers offer a grace period before cancellation of a policy. For example, it’s not uncommon for the UK insurance firms to wait up to 90 days whilst reminding you to update your premium payments. An ideal approach when unable to raise premiums is to communicate with your provider to find you practical ways to clear the outstanding balance.

Relying on Group Insurance Policy

Registered companies in the UK often take group insurance policies to cover their employees against life risks. Normally, you benefit from it only if you pass on while still working for the entity. In that case, if you lose your job or get into a situation that puts you out of the workforce, you will lose that coverage.

Moreover, group life policies might not guarantee sufficient coverage for all your personal needs. Although the payout will cover the costs associated with your funeral, it might not be enough for mortgage, children fees, and other costly expenses. If possible, choose a personal term life insurance policy that’s flexible to changes in your status quo, for example, switching workplaces.

Incorrect listing of beneficiaries and policyholder

The life insurance application requires you to be very keen especially on the crucial details you provide. For instance, your insurer will offer the option to place the policy into a Trust to allow you to nominate the beneficiaries. In this case, you’ll want to make sure that you have the rightful people as your trustees who will control the proceeds from the insurance cover.

When choosing a policy, ask yourself these basic questions:

Who will be the primary and contingent beneficiaries?

For example, listing your children as primary beneficiaries has the least problems compared to your spouse. Unfortunate marriage risks such as divorce can present considerable obstacles to your policy.

How many people will depend on the policy, and what are their ages?

Remember minors quickly outgrow the dependent age than the elderly people, such as your parents.

How much does each beneficiary receive as payout?

Finding answers to this question helps you determine a reasonable premium to pay for your chosen policy. For example, underspending on premium payments when you can pay for a better cover can deny your loved one sufficient proceeds.

Which of these mistakes sounds relatable? We’d like to hear your thoughts below.

6 Stocks That Pay Monthly Dividends

If you’re interested in investing and new to the stock market, it’s important to understand dividends and their various distribution frequencies. Dividends refer to profit distributions made by a corporation that are paid to its shareholders via shares in the company. These distributions can be made quarterly, monthly, semi-annually, annually, or without a set schedule.

Monthly dividends, in particular, are distributions made to company investors each month. Though quarterly payments are the most common, monthly dividends provide several advantages to investors. Not only do they come with higher yields, but you also get reinvestment opportunities and the ability to afford your monthly expenses like rent and utility payments more easily, given the payout frequency. Read on to learn more about the various monthly dividend stocks to buy now:

Vermilion Energy

Vermilion Energy is a Canadian oil and gas company that can add internationality to your dividend portfolio. Though it’s headquartered in Calgary, Alberta, Vermilion Energy also trades in the state of New York. Since its inception in 1994, it’s experienced an impressive growth rate. If it continues on this path, it’s a great option for your investment consideration.

Stag Industrial

Known for its home in the industrial sector, Stag Industrial also has ties to the real estate industry. Rather than working with multi-tenant properties, Stag International focuses on single-tenant properties. This, combined with its relationship with established tenants, increases its reliability as a stock option.

Apple Hospitality REIT

Apple Hospitality is a real estate investment trust (REIT) that can provide you with consistent monthly payouts. It rents out hotel rooms in a couple of hundred properties and leases to various upscale hotel brands. With this stock, you get a high yield and income you can count on.

Realty Income Corporation

Realty Income Corporation is a retail real estate investment trust that’s considered one of the best long-term income investments in the U.S. stock market. It’s also known for providing investors with consecutive monthly payouts and has even raised its dividend for consecutive quarters. Realty Income Corporation is an excellent option if you’re looking for a stable stock with reliable, long-term monthly dividend payments.

Main Street Capital Corporation

Main Street Capital Corporation offers debt and equity capital to lower middle-market and middle-market companies. They often work with companies that don’t have access to the stock market via an initial public offering, as well as those that can’t self-manage their finances or can’t go through a bank. Main Street Capital Corporation has a diversified investment portfolio and continues to offer consistently growing distributions to its investors.

Shaw Communications, Inc.

Shaw Communications is a Canada telecommunication company offering Canadian customers and businesses broadcast internet, wireless cellphones, landlines, and other related services. Given the industry it’s in, Shaw Communications is a safe option that won’t be as heavily impacted in the event of a crisis.

Now that you have a solid understanding of monthly dividends, you can determine if this type of investment is worthwhile. Consider the benefits that come with monthly dividends and find a high-quality stock that aligns with your preferences.

These Are the Different Types of Real Estate Investments

When you’d like to grow some equity and build your portfolio, real estate investments are an excellent way to do this. While liquidity is important, having a piece of real estate property diversifies your assets more than anything else.

It’s important that you do your due diligence and understand what comes with the territory.

Here are some of the different types of real estate investments you should know about.

Tap Into Your IRA to Purchase Property

When you want to invest in property, it’s sometimes difficult to get your capital together. Dipping into a retirement account is an excellent way to make this happen.

If you don’t have cash on hand, you can withdraw from your Individual Retirement Account (IRA) to make this a reality. These withdrawals are tax-friendly so that you don’t have to take on the financial burden.

Using your retirement account gives you a foot in the door when you’re ready to make any kind of real estate investment.

You can check out this article to learn more about how an IRA can help you with your property purchases.

Rent Out a Property on a Contract or as an Airbnb

When you own a piece of real estate property, renting it out allows you to build a residual income stream. You can provide homes to families while also growing revenue.

Many investors choose to purchase properties that have multiple residences or bedrooms inside of it. This way, you’ll bring in multiple rent payments with a single property.

Today, there are several other options, including Airbnb. The prospect of renting out an Airbnb can bring in larger profits every month. You can rent out the property by the night like a hotel, which grows your earning potential — especially if you rent an Airbnb in a populated tourist area.

Make sure that you invest in help from a property manager that can regulate the day to day aspect of the property.

Flip a Real Estate Property for Profit

If you’d rather not hold on to a property, flipping it can be a great idea that brings in a larger lump sum. Many investors purchase properties that need work for cheap, perform the renovations, and then sell it for profit.

This requires you to understand the market and to do some research into property values. You can stand to earn a lot of money this way if you have a team of professionals that can do the renovations for you.

Invest in a Real Estate Fund

There are also several funds you can invest cash into to get a return on your investment. These accounts work similar to mutual funds, and the portfolio consists of investments throughout the housing market.

Investing in these funds has a lower barrier to entry and lets you grow your money in real estate without ever having to purchase property.

Consider These Types of Real Estate Investments

There are several different types of real estate investments that you can look into, starting with the examples above.

When you understand the winning strategies for investing in real estate, you’ll be more likely to see a return on your investment.

Lean on us when you want to learn more about real estate, technology, and more.

Listed options-brand Why Choose Saxo Markets to Trade Listed Options?

As all financial markets and participants know, one major determinant of success is the market intermediary that you choose.

For those forex trading in Singapore, one of the most reputable and well-known market intermediaries is Saxo Markets.

They are a large stable company that has been in existence for over two decades. They are also trusted by thousands of traders all over the world. Further, they will provide you with access to numerous asset categories including listed options from which you can make your profits.

Here is why you should use Saxo Markets to trade listed options.

Access over 1000 listed options

As a trader, listed options open up new avenues to help you make more money in financial trading activities.

When you choose to trade with Saxo Markets you are guaranteed access to more than 1000 listed options that you can trade and invest in.

While other investors are wondering where to buy listed options, you will have them easily on the Saxo Markets trading platform.

Highly sophisticated trading platform

Saxo markets is a highly innovative Singapore financial market intermediary.

Their trading platform is top level especially when it comes to trading in listed options. From this platform, you will get advanced capabilities to assess and determine correctly the best listed options to invest in.

In spite of its sophistication, the platform is highly intuitive and easy to use, making sure that you, the trader has maximum benefit from using it.

Trade in all styles of listed options

On this platform, you have access to both American and European style limited options. Get all the information transaction you need and close the contract on the trading platform. When you are ready to exercise your right, the platform will provide up to date information enabling you to make the right decision for your investment.

Timely and professional customer care service

Financial markets participants often need help with trading platforms especially when trading asset categories that they are not familiar with.

When trading with Saxo platforms, you are sure that you will always access the customer care service whenever you need it. They are available 24 hours on email, phone call or even a live chat right on the trading platform.

Competitively priced commissions

One of the many areas in which financial traders and investors lose their money is in the commissions and spreads charged by market intermediaries.

When you choose Saxo Markets, you will not face this kind of challenges when trading and investing in the listed options category.

Traders and investors are assured of low commissions that will not eat greatly into their profits. With charges based on the volume of transactions, traders will make good profits when they exercise their rights with the limited options that they buy into.

Upgrade platform versions

When you choose Saxo Markets as your preferred financial markets intermediary, you can use the free version of their trading platforms or pay a subscription fee for the premium version.

With the premium version, you can enjoy services of account managers who will guide and advice through your investment journey. You can also enjoy lower commission and spread charges ensuring that you make more profits.

Good reputation

Saxo markets has been in existence for over 25 years and operates in many countries in the world. They are fully regulated and approved as a financial intermediary in every market that they operate in.

Also, they are well known for their financial strength which shows their stability as a financial intermediary.

Over the years they have been in existence, they have won and acquired many awards of outstanding service in the financial markets.

Conclusion

For all those who are interested in getting into the trading in Singapore, Saxo Markets is the ideal intermediary for you. With all these qualities, you are sure that you will get the best service, training and guidance on how to make money in the financial market.

4 Steps to Take to Invest in Dividend Stocks

If you’re interested in investing in stocks, consider dividend stocks for a long-term way to benefit from regular profit earnings. You can easily invest in dividend stocks and still diversify the rest of your investment portfolio. Here are four steps to take to invest in dividend stocks.

What Are Dividend Stocks?

Dividend stocks are stocks that represent company shares on the market. When you invest in dividend stocks, you’re guaranteed regular payments as the company’s stock gains earnings. Typically, well-established companies that have a proven track record of paying out regular dividends are the stocks you’ll want to look into to collect regular earnings with this long-term investment strategy.

Adding Dividend Stocks to Your Portfolio

Adding dividends to your investment portfolio is highly advantageous, especially if you’ve already diversified many of your investments into other stocks and options. For one, the majority of companies who sell dividend stocks typically don’t see a reduction in earnings over time, making this a highly lucrative way to collect regular quarterly earnings.

Another of the advantages of investing in dividends is that they can offer a higher percentage of earnings on shares than even a bank-issued certificate of deposit. These are just a few of the benefits of investing in dividend stocks, so if you’re ready to get started researching these options, follow the steps below for purchasing and benefiting from this smart investment choice.

  1. Research the Stock

The first step in any trading scenario is to thoroughly evaluate the stocks you’re interested in using for your investments. This is true of dividend stocks, too. Start your research through a reputable trading platform that can give you the tools you’ll need to measure the success of the dividend stocks you choose. Even though dividend stocks don’t come with as many risks as other stocks, you’ll need to analyze the risk of these stocks next.

  1. Assess the Risk

Dividend stocks come with fewer risks than other, more volatile stock choices. However, it’s still important to evaluate any risk to dividends being affected by the long-term movements of the stock market. For instance, “beta risk” refers to a stock’s sensitivity to swings in the market’s direction, which can adversely affect your dividends. So it’s important to assess these kinds of risks of the dividend stocks prior to investing.

  1. Purchase the Stock

Once you’ve assessed the risk and have a deeper understanding of the stocks you want, you can go ahead and make your purchases through any online brokerage account or full-service stockbroker. Once you make your purchase, though, you’ll need to monitor the stock’s performance and track your earnings.

  1. Track Your Performance

Keep tracking dividends regularly so you can keep an eye on the market’s and stock’s performance. Staying on top of the health of your investment portfolio will help you know when you might need to back out of stocks you’re holding or even if there are additional investment moves you can make.

Dividend stocks offer a great way to diversify the investments you’ve made. You can also use market tools and resources to help you make future decisions on your dividends strategies so you’ll have even more success when you start trading in the stock market.

Factors to Consider Before You Apply for Mortgage Loan

Gone are the days when homeownership was associated with the rich. Nowadays, anyone can own luxurious home, even if they don’t have the cash. Realtors have introduced different methods to help aspiring homeowners secure the houses of their dreams. A mortgage loan is one of the most effective programs for assisting people in obtaining loans. You can get loans from any approved financial institution. A great realtor can also help you secure the mortgage. If you would like to own a home with the help of a mortgage, observe these factors to facilitate the loan application process.

The Type of Mortgage

Choose the right kind of mortgage to apply wisely. The mortgages come in two main types; the fixed and the variable. The fixed mortgage comes with constant interest rates. This means that you will be paying the same monthly amount for the entire years, which you will be servicing for the loan. The variable mortgages come with varying interest rates. Sometimes, the rate may become too low, while it may also increase abruptly. Most of the changes happen due to economic fluctuations. In terms of planning, the fixed mortgage is better because you will have a predetermined budget. Nevertheless, it would be best to understand the pros and cons of each option to make an informed decision.

The Reputation of the Lender

The increased demand for mortgage loans has increased the number of lenders in the market. During your search, you will probably meet with hundreds of lenders, each promising to lend you the most favorable terms. The wide array of options may be overwhelming, and that’s why the folks at Jaketaylor.com advise aspiring homeowners to hire reputable real estate agents. The right agent can help you choose the best lender for your needs. They can also help you do background research on the available lenders. The right lender should offer competitive rates and be transparent to explain the available options so that you can make an informed decision. 

Credit Scores

A credit score is a significant determinant of mortgage approval. Lenders consider it to know if you will qualify for the home loan or not. To qualify, you should have a standard score of 660 and above. If your rating is less than that, your rating is considered substandard, and you might not secure the loan. Even if you get it, the lender may charge you a higher interest rate and give you a small loan amount. 

Therefore, you should understand your credit score first before you apply for the loan. If the score is below 660, do not be discouraged. You can still improve it by paying you any existing mortgage and avoiding the hard inquiries. You can avoid unnecessary borrowing too to keep your score in an excellent condition. Lastly, you should check your score’s status regularly and immediately report any mistakes to the relevant people.

Your Income

You must have a steady income before you get the loan. Otherwise, how will you prove to the lenders that you can repay their money? Your income may come from permanent employment, business, stock dividends, child support, etc. Most lenders prioritize permanently employed applicants because their income is regular. If you own a small business, you may experience some challenges in securing the loan, since business is risky. Nevertheless, you can still top it up with security, or anything that the lender asks. Just ensure that you have a steady flow of income to support your loan repayment.

Terms and Conditions

Find out the terms and conditions for the loans. The first requirement for many mortgages is the down payment. This is the amount of cash you pay before getting the mortgage. The down payment amount depends on the loan amount and the type of lender. On average, the down payment requires 10 to 20% of the total mortgage amount. You can even pay a larger down payment to increase your chances of securing a larger loan. 

Other terms and conditions which you should consider include the interest rate. Some lenders have very high-interest rates, which can make you pay almost double of your loan. Compare different interest rates and choose the most favorable. Lastly, consider the penalties and any other hidden charges for the loan application. Only apply for the mortgage if everything is clear to you.

Repayment Period

How long would you like to repay the mortgage? The average repayment period for many home loans ranges from five years to thirty years. The longer the repayment period, the less the interest rates you will be paying. However, the repayment period depends on the amount of loan you take and your loan’s riskiness. Consider the repayment period for the mortgage, and ensure that you are comfortable with it.

The Amount and Purpose

Why do you want the loan? Do you want to construct a new house? Do you wish to purchase an already built and furnished home? Lenders consider the new construction projects riskier, meaning that the qualification terms and conditions are stringent. It would also be senseless for you to take a bigger loan when you want just a small amount. Before you apply, make the right price estimates and ask for the amount you can comfortably pay. 

Risks

Consider the risks associated with the application of mortgage loans. For instance, if you choose the variable interest rate loans, you should consider the environmental changes that might happen and make your loan repayment hard. You should also consider the missed payments and any prepayment penalties you may incur to pay your mortgage early. If you understand these risks, you will make an informed decision and lay a solid plan for dealing with the threats.

A mortgage loan can help you get the home of your dreams. You can use it to build a new home, or even repair and furnish your old house. However, the qualification is not always easy, and that’s why you should understand your options. Make early preparations for the mortgage, and work closely with an experienced realtor. Consider the things above, too, to get the best of your mortgage.

An Analysis of Bitcoin: How Bright is the Future for Bitcoins?

Cryptocurrency is a technology that was developed more than a decade ago. Bitcoin is the most popular cryptocurrency amongst all cryptocurrencies. The destructive system of the technology associated with Bitcoin has changed the unchanged financial system all over the world.

As per many experts, research, and surveys, cryptocurrencies like bitcoins are going to revolutionize the digital trade market. You can know more about bitcoin trading from websites like bitcoinrush. The best part about cryptocurrencies like bitcoins is that they are expected to create a free-flowing system of financial trade without any extra charges and fees.

One of the biggest advantages of bitcoins is that it can freely move across the borders, it can help in the promotion of global trade, mutual prosperity amongst nations and also the creation of a peaceful environment around the world.

Strengths of bitcoins

Bitcoins get its strengths from the way it has been designed by using the most innovative technology and the use of blockchain technology. One of the biggest strengths of bitcoins is that it will be mined with diminishing returns every four years and until the day maximum bitcoins are reached. Thus, this feature of bitcoin separates it from traditional currencies and assets.

Only 21 million bitcoins will be mined. Since a limited number of bitcoins will be mined, it will never become inflated due to a large value and large supply. Thus, bitcoin always remains free from inflation originating due to political changes or any other reasons. Since bitcoin is not affected due to inflation, it becomes a safe haven for investors to invest in bitcoins.

With the growing popularity of bitcoins, it is showing its strengths against the high inflating national currencies. The only factor that can change the value of bitcoin is demand and supply.

Another major strength of bitcoin lies in the safety and security feature. Since bitcoin is not a physical asset, it is kept safely in a bitcoin wallet, and thus, it is free from all kinds of theft.

All these strengths of bitcoin are making it one of the most preferred digital currencies all over the world.

Weaknesses

Bitcoin has few weaknesses when it comes to its design. Bitcoin works on a technology known as the blockchain technology. Blockchain technology means that every user works on the same technology, and they can see every transaction of bitcoin. The technology behind the bitcoin is semi-anonymous as the owner of the bitcoin can’t be identified outrightly. Thus, it can be slightly nerve-wracking for some bitcoin investors.

Another major weakness of bitcoin is that it has faced some serious hacking and spamming issues in the past. Thus, new investors often feel sceptical when they want to invest their time and money in bitcoin trading.

Bitcoin has also faced some security-related issues, and it has been said that bitcoins have a reputation of questionable security. Thus, the security flaw of bitcoins is one of the biggest weaknesses associated with bitcoins.

The ability of cryptocurrencies like bitcoin that can be traded like commodities can also be a big weakness. This is because commodity markets mostly undergo fluctuations. In addition to this, price volatility also generates risk also prevents merchants and investors from holding cryptocurrencies.

Opportunities

Cryptocurrencies offer a pretty unique position that will transform the technology of a long-standing financial system. Bitcoin has the capability to disrupt and totally renew the current financial system. The best part about cryptocurrencies like bitcoins is that it will help in remediation of problems related to the unbanked population.

Many international businesses realize the potential of bitcoins and the technology behind bitcoins.

As the world is becoming a global village, the discovery of bitcoins can be seen as one of the biggest inventions. The use of bitcoin doesn’t need any border permission and currency exchange fee. Thus, users can make payment in Bitcoin to any part of the world without paying any extra charges.

The use of bitcoin is also said to influence the way people look at the traditional financial system.

Bitcoin is able to have a special place in the niche market. With the governments all around the world promoting the use of bitcoins, the future of bitcoins seems to be bright.

Things That Stop People From Buying Bitcoins

Although the entire world is moving towards Bitcoins, there are a few people who get a word that just by the name of cryptocurrency or digital currency. There are a lot of reasons to support their belief and majority of the times it is because of the myths that revolve around the cryptocurrency or the Bitcoins which are debunked in this article.

Once you have read through all the points that we have written this article, we are certain that you will also start investing in Bitcoin trading and start making more profits to have a secure future.

  1. Cryptocurrency is not taxed

This is one of the major things that a lot of people fail to understand about the digital currency of Bitcoin Technology. As there is no government body or financial institution that controls the cryptocurrency or the blockchain technology, there are certain countries where the tax amount has to be paid over the transaction on the limit specified.

This is one of the main reasons as to why people avoid investing in cryptocurrency with some platforms, but you must know that the Tax amount that you pay on the Bitcoin is way too less than the conventional currency that you require. Click the image given below for starting trading in bitcoins

  1. They do not hold any real money value

Cryptocurrency also holds material asset or value to them. Digital currencies are nothing but conventional currencies in the form of Bitcoins or cryptocurrency. You have to make an investment even before you purchase the Bitcoins, and that amount would be converted into the digital currencies. You need to understand that there is real money value to the Bitcoins that you purchase as well and that should not hold you back from purchasing it.

  1. Used for illegal purchase

Some people are under the notion that Bitcoins are always used to purchase goods that are totally illegal, and that is totally false. Every transaction that you make using Bitcoin will be recorded on the blockchain ledger, and it is available to the public through the blockchain technology. This is probably one of the safest ways of transactions that can be carried out on the online front!

  1. Criminal and illicit purposes

Majority of the people also feel that Bitcoins are used when it comes to dealing with crimes and any other illicit things like abduction, extortions, kidnapping, human trafficking, and drug trafficking. Although there are some cases related to cryptocurrency being used in a crime, it does not mean that the entire technology is made for crime analysis purposes, isn’t it? There are several traders that have made a fortune through these Bitcoins, and they are certainly in a legal manner.

Cryptocurrency is easy to hack

One must understand that cryptocurrency cannot be hacked unless and until the user gives a password which is completely weak or shares the wallet details with someone else. Like any other trading systems, cryptocurrency is also vulnerable to hacking, but, they cannot be hacked as easily as the other forms of trading.

  1. Only one huge blockchain

This is yet another thing that stops people from investing in Bitcoins. Most of the people are acquainted with banks and as there are several banks to handle the accounts. Likewise, there are many blockchains which are private and public. Each and every blockchain supports another cryptocurrency, and that is how the entire concept of blockchain technology is made.

  1. It is a cloud-like database

If you take a look at the cloud base technology, you can store anything that you want to; starting from the documents till the files to the entire document everything can be stored using the cloud storage.

The same is not applicable when it comes to the blockchain technology because it is totally a different system and it works on a ledger like a method where only the transactions carried out using the Bitcoins by the traders are recorded. In the blockchain technology files cannot be saved, and the transactions are totally safe and completely transparent.

These are the main reasons as to why a lot of people avoid investing in Bitcoins. Instead of being ignorant about the digital currency, it is always good to understand the concept in-depth and make use of it for your advantage.

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