The Lazy Guide to Investing

Let’s be real: You and I probably aren’t going to be the next Warren Buffet.

Investing on his (and other professionals) level takes entire teams of individuals. Not all investments return a profit. But that doesn’t mean we can’t dabble in investing once we understand the pros and cons — and factor in our finances.

Investing doesn’t have to be you at a computer endlessly monitoring stocks, reading reports, following trends, and holding a degree in finance. There’s a lazy way to do it all — something we all can do — if we’re willing to move our money toward these opportunities instead of frivolous spending.

How does one go about investing in a lazy sense? I’m glad you asked…

It Starts with Freeing Up the Capital

The lazy way to begin building capital to make investments can be done through cutting out your daily costs. These are the products and services you’re likely overpaying for.

It’s like being frugal but with the goal of making money. You’re taking a proactive approach which earns more than stuffing it under the mattress.

These actions which free up capital to be used for investments include:

  • Reducing Entertainment Costs – Entertainment can take a large chunk of your take-home earnings if you’re readily going to events, dates, and food adventures. Reducing these activities by 25% will allow you to have fun but frees up money for investments. Right off the bat, you could make a switch with your entertainment sources like ditching the cable and find DirectTV in your area, staying home to do crafts, or learning to cook and dine in!
  • Negotiating – Customer retention is where you’ll free up a good deal of money. Companies spend big bucks to make you a recurring customer so they’re willing to bend if you’re thinking of switching. All that’s needed is a quick phone call telling them you’re looking at other options and you’ll often find yourself now paying lower rates for your phone, insurance, and other regular expenses.
  • Snowballing – The Snowball Effect, popularized by Dave Ramsey, is the process of paying debt on the “quick wins” and then using that freed capital toward the larger ones. You’ll knock out these smaller debts, get a boost in confidence, free up money for larger debts, and eventually find yourself without having to owe. Imagine the investing you could do once you’re not paying on that student loan or medical bills!

These are the laziest ways to create capital for your investment goals often taken just a few minutes of your time to do a call or make a switch.

Then It goes to the Investments

Now that you’ve freed the capital — where should you invest it?

I would recommend starting with a paper account.

A paper account is one where you follow the market, make imaginary investments, and track the results in a spreadsheet to test your knowledge and judgment. It’s like a fantasy league for your favorite sport but with money-making versus winning a championship.

From there I would recommend:

  • Contributing to your 401k
  • Maxing out a Roth IRA
  • Investing in micro-loans (like Kiva)
  • Using investment apps (like Robinhood)

The 401k and IRA are going to be the major money-makers if you’re patient. The others (micro-loans and investment apps) let you play with the stock market without a heavy investment. The combination of these our will keep you educated and excited for your prospects.

The goal is diversity.

Like the old saying goes: don’t put all your eggs in one basket.

These are the types of investments which you could consider lazy. They only require you to contribute …

And then Comes the Relaxation

Investing in the stock market has an average return of 7% but only so if you’re not fickle and pull money at the slightest stir. All you need to do is sit back and relax — you will make a return on your investment if you’re patient. The sooner you can invest the better!

You may not be a Warren Buffet. Yet, you can be an investor.

Business Car insurance FAQs

If you own vehicles that you use for business purposes, then you likely will need to get business, or commercial, car insurance. Commercial car insurance is different from personal car insurance, so you may have some questions before you find a policy. Here’s a look at some frequently asked questions about this type of insurance.

What Coverage Is Available?

The coverage under a commercial policy is similar to a personal policy. You will be able to get coverage for property damages and injuries to others. You may also be able to get coverage for damages to your own car and injuries to you and your passengers. Commercial insurance also offers options for employees who drive your vehicles during work hours. Another coverage specific to business is loading and unloading liability. You may be able to get replacement reimbursement so you can get a replacement vehicle if yours is not operational due to an accident.

Is Commercial Insurance Customizable?

Yes. You can customize your insurance to meet your business needs. For example, if you have a few vehicles that are used for business, you can get them all covered under one policy. You can also customize the drivers of your vehicles and get special coverage to help if a vehicle is damaged in an accident and cannot be used. You also are able to opt out of some coverage that isn’t needed for your business.

Do I Need Insurance?

In most states, it is a law that you must have coverage. However, even if it isn’t the law, you should still have coverage. Losing your vehicle in an accident or having an employee responsible for an accident can take a huge financial toll on your business. By having insurance you are protecting yourself and your business. You get the peace of mind that you will have help paying for any damages or injuries that result from an accident involving your business vehicles.

Insurance is especially important for businesses that rely heavily on their vehicles. For example, delivery services are going to be on the road a lot, so the risk is higher for accidents or other incidents. However, even if your business doesn’t use the vehicles a lot, you still need insurance on them.


How Do I Know if I Need Commercial or Personal Auto Insurance?

If the vehicle is in the business’ name, then you will need commercial insurance no matter what you use it for. However, if it is in your name, you may still need commercial insurance in certain cases. If it is used for hauling products, transporting business supplies, delivery services or transporting people, then you will likely need commercial insurance.

How Do I Get Commercial Insurance?

Many of the same companies that sell personal auto insurance also sell commercial insurance. As with any time you purchase insurance, you should shop around. You can use a site like to help you compare your options.

How Much Does It Cost?

Costs of commercial auto insurance will vary based on a few different factors, but it should be noted that it will almost always be more expensive than your personal insurance. The type of vehicles you are insuring will play largely into the cost. Bigger vehicles will cost more than passenger cars. What you are hauling may also play into the cost. You may need special coverage for certain materials, which will increase your rates.

Costs are also influenced by your drivers. You should always do a driver’s record check before hiring an employee to ensure he or she has a good driving record. Accidents or other violations on a driving record will increase your costs. The age of drivers will influence rates, too. Drivers over 30 usually get better rates.

When it comes to commercial auto insurance, you probably will need it if you are using vehicles in your business in any capacity. Commercial insurance generally is more expensive than personal auto insurance because of the increased risks. With a business vehicle, it is being driven by more people with various backgrounds. It is also often being used to haul items. These things add to the risks and costs should the vehicle be in an accident. Overall, it is simply best to get the insurance and just shop around for the best rates.


The Basics of Healthcare Law

Healthcare law is a complicated area, but can be expressed very simply. It concerns who may receive healthcare and who will pay for it. It involves federal, state and local laws, rules and regulations that apply to healthcare providers, their patients and the vendors who supply healthcare products. If you have any issues concerning healthcare that was provided to you, it is recommended to consult a lawyer who specializes in the area such as Jerry Sokol

The Main Areas of Healthcare Law

Some law colleges have divided healthcare law into four major areas, including healthcare law, bioethics, public health law and global health law. Healthcare law focuses on the rules and regulations that govern the healthcare industry, which includes hospitals, insurance companies, device manufacturers and pharmaceutical companies as well as the individual practitioners. This area is the most relevant to the general population and Sokol is one example of a lawyer who can help with problems related to hospitals, healthcare professionals and insurance companies. 

Bioethics focuses on ethical challenges connected with innovations in the field of health technology, genetics, embryonic stem cell research and even the definition of good health. It also deals with the questions related to the health of one known individual in relation to the health of many unknown people.

Public health law focuses on lowering the health risks in the general population by prevention of disease and injury. It may also focus on specific aspects of the population, such as the elderly and children. Global Health is a new area that focuses on how the health laws of individual countries affect global health.

Terms to Know Concerning Healthcare Law

Healthcare attorneys work with individual patients and medical providers to make sure that the patient’s rights are protected. This includes the right to informed consent for procedures as well as:

An estate plan, which is a plan that deals with the assets of an individual after his or her death.

A living will, which is a document that determines what will happen to an individual’s assets if he or she is in a coma or otherwise unable to make property or financial decisions. 

A power of attorney, which is a legal plan that allows someone else to make financial or medical decisions on behalf of another person. 

The HIPAA, which is a law that requires medical providers to keep patient information confidential.

The Affordable Care Act, which is a law that requires employers to provide healthcare insurance.

Other Areas of Healthcare Law

Medical malpractice is the area of law that sets the standards that doctors and other healthcare providers must follow when treating patients. Insurance law helps both the insurance companies determine how much they need to pay a claimant and the patient, so they receive the amount they are due.

Healthcare is very expensive in the United States, which is why federal, state and local governments have formed laws to help the individual. Some of the services created are Medicare, Social Security Disability Insurance and the Affordable Care Act. Healthcare law is a very complicated area of law and an ordinary individual may need help from an attorney who specializes in it. The attorney could help with estate planning, medical malpractice, insurance payouts and living wills to help make the process of receiving good health care easier.

Mortgage Options for Retired Seniors

Time and again, financial advisers say that planning ahead of time is crucial. However, there are still many people who have reached the retirement age and are facing different financial predicaments, such as increased medical bills, delayed social security benefits, and withdrawal penalties. To answer these issues, one of the easiest options is to take on mortgage offers for retired seniors.

In recent years, most creditors and borrowers are affected by the meltdown of the mortgage value, which results in the difficulty of qualifying for any mortgage option. Seniors are often hardest hit by this due to their fixed or limited income and the availability of federal programs that can help them. However, there are still several good mortgage options which many seniors can apply for.


This mortgage option is ideal to be used for paying bills and living expenses of retired seniors. This is very attractive to seniors as the process of getting one is quite easy compared to other options. However, nowadays, banks are stricter in granting refinancing to seniors. So the best thing you can do is to ask recommendation or a more affordable loan modification program from the lending company where you’re a current mortgage holder.

Reverse mortgages

Seniors aging 62 and above are allowed to borrow money provided that they will use their home as collateral. The payback is reversed in such a way that the borrower can pay the loan when he or she dies, sell the home or moved out. The money received from a reverse mortgage can be used for living expenses, medical bills and improving your home.

The good thing about a reverse mortgage is that the title of the house is retained in your name. However, you have to ensure that the property is in good condition, and you’re paying homeowner’s insurance and property taxes. The borrower of a reverse mortgage is required to pay the principal amount, which includes the interest and other fees. There are different options for this type of mortgage such as HECM Standard, HECM Saver and HECM Purchases.

Any retired senior who is planning to get reverse mortgage must satisfy the broker’s requirements in order to qualify. Required information includes the age and financial and property data.

Federal mortgage programs

Aside from applying for mortgage refinancing from banks and lending companies, retired seniors can also consider federal mortgage programs. This is perfect for those who are having difficulty in getting approval from traditional refinancing systems due to the devaluation of their homes. You can opt to Home Affordable Refinancing Program, FHA Short Refinance and Home Affordable Foreclosure Alternatives.

Doing research can help in determining the right option for your needs. Through the help of a professional mortgage broker, you can be on the right track.


If you think that you’ll still be paying your mortgage even after retirement, the best thing to do is to plan strategies that will help you to manage your mortgage while on a fixed income. You can seek help from Mortgage Broker Toronto to guide you all throughout the process.

Find the Right Law Firm That Meets Your Needs

It is a general assumption that people only seek help from law firms when they face trouble with the law, or when they have to handle their own businesses. While these are common scenarios when people seek legal help, the role of lawyers are not limited to theses. Many people need legal help more often that it is expected. An example would be fighting for a child’s custody case. Other scenarios where one might need legal help is when he needs to challenge an insurance settlement or to settle a dispute with the employer.

When such issues arise, you may feel overwhelmed while trying to look for the right attorney. There are so many options to choose from that you will have a difficult time selecting one. To ease the process below is a list of factors that you need to assess and find the best law firm or attorney for your case. You must consider the area of practice, the number of years of experience and fees.

The Firm’s Area of Practice

You must first understand that lawyers are not generalists. During their law education, they perhaps learned about all aspects related to the law but attorneys are required to specialize in a particular practice area. So if you need help regarding your divorce, you will have to find a law firm that caters issues related to family law and has experience in that particular field. Another commonly sought after law firm is a law firm specializing in real estate and construction.

If someone sues you for injury caused by neglect, a divorce expert cannot help you because the area of practice is different. You should specifically look at a law firm that offers services precise to your problem. In case of confusions, you can call and ask.

Number of Years of Experience

Legal matters are sensitive and lead to immense damage. This is why it is essential to ensure that the law firm that required expertise. If you are handling a complicated matter, you obviously do not want someone who just graduated law school to fight your case. In fact, you cannot trust someone who only has a few years of practice.

It is ideal to hire someone who has enough experience to have required expertise. Another important requirement is a lawyer who has gathered good connections over the years.

Most reputed law firms provide a list of their associates on their official websites. The websites also include information about the practice areas, specific education, and years of training for each lawyer. From the details provided, you will get a good sense of the type of representation you can expect from that firm.

Fee Structure

Many law firms will charge a flat fee for representing you. Others will usually charge a percentage of the settlement money. The latter is very common in some situations such as personal injury and workers’ compensation cases. For these cases, lawyers do not charge any upfront fee. They take a portion of the settlement instead. As most people and small companies cannot afford high fees for law firms, the percentage model seems more affordable.

Whichever fee structure you choose, make sure that the discussion is conducted beforehand. Some firms charge companies on an hourly basis. This is an unpredictable method as cases can become complex and go on for many hours.

If you find that the fees demanded are too much for you, some firm may consider sorting a payment plan for you. Take time and research all your options thoroughly.

These were some considerations that can help your search for the right law firm easier.

Getting a charge out of the luxury of Fur dress

It is a standard sight to see ladies wearing fur coats and coats nowadays. These coats seem alluring and upgrade the excellence of the ladies making them seem rich and excellent. They are obviously normal items acquired from the skin of animals. Diverse examples and models of fur apparel are accessible and they differ contingent upon the animal from which they have been inferred. Most ordinarily fur coats are gotten from animals including foxes, rabbits, seals, otter, and an assortment of vast felines. Sheep are typically not utilized for creating fur materials however the entire skin is now and then considered.

The main concern is that fur is gotten from the skin of animals for the animal that gets killed. Fur materials and garments got to be famous as they give generous measures of warmth in the solidifying cool of winter. The dress offers insurance to the body from the frosty climate. It is a practice that is being taken after since the long time past days. There is no record in the matter of when they were presented ever. The fur material was utilized to fabricate coats as well as an assortment of different sorts of apparel.

Fur has been considered as an indication of style in the material business for a very long time. Individuals have been utilizing fur as a part of the advanced design patterns and it has dependably stayed as an exemplary bit of material. They are utilized for assembling coats, as well as you can have a sort of weaving or beautification done utilizing fur on different sorts of material materials to upgrade the magnificence of the clothes. Coats produced using manufactured and different sorts of common materials are less costly. Be that as it may, the glow offered by fur material is exceptional however it is costly. The prepared type of fur material coats are alluded to as fake and are more sought after nowadays.

Generally the coats produced from consistent and low quality common materials are found to disintegrate over the long haul. Hence, they should be put away and safeguarded well to keep them from getting harmed. However, it has been found after a considerable measure of exploration that fur materials can remain in any condition and don’t require a great deal of consideration to avert decay. It has additionally been found that fur materials can’t be influenced or harmed by assault from moths. They are uncaring to moth assaults.

A portion of the fur coats and coats are produced using fake materials, for example, “limestone” and “petroleum”. These items are extremely unsafe and it causes the coat to disintegrate. You can without much of a stretch get fur coats and coats that mirror the present patterns and mold. Different online locales are accessible that offer these sorts of fur apparel. You simply need to choose the one that meets your style sense and add it to your shopping basket.

What You Need to Know about NY Insurance Laws

Many Americans struggle with even basic concepts of insurance for a number of reasons. Without a doubt, insurance can be very complex and difficult to understand. What makes insurance even more difficult to comprehend is the fact that insurance laws differ from state to state. Simply because a driver is knowledgeable about insurance in one state doesn’t mean the knowledge applies for other insurance laws in other states. If you’re planning on driving a vehicle in the state of New York, here is everything you need to know about NY insurance laws.

Is auto insurance necessary?

Just as in all states, it is necessary to have auto insurance if you wish to drive in New York. In fact, before you can even register a car in the state of New York, you must prove that you have automobile liability insurance coverage issued in New York. A common trick that many drivers do is get auto insurance only to drop it after car registration. However, it is important to keep in mind that the DMV will suspend both your driver license and vehicle registration if you fail to maintain the coverage. Without a doubt, driving without auto insurance is a risky move that has severe consequences.

What kind of insurance do you need according to NY insurance laws?

New York insurance laws require you to have auto liability insurance coverage. There is also a minimum amount of liability that you must have to qualify for car registration. For a single accident, you should have $10,000 in coverage for property damages. You should have $25,000 in coverage for bodily injury and $50,000 for the death of an individual in an accident. $50,000 in coverage is necessary for the bodily injury of multiple people and $100,000 in coverage is needed for the death of multiple people.

Not only must your auto insurance coverage remain in effect at all times until the registration expires or is canceled, but it must also be issued in the same name as the registrant of the vehicle. It is not permitted for the name of the vehicle registrant to differ from the name of the policyholder for the auto insurance at any point in time. Out-of-state auto insurance is both unacceptable and out of the question.

How many names can there be on a vehicle registrant?

At most, there can only be two names on the registration for a vehicle. One registrant is deemed the primary registrant while the other is the co-registrant. Both registrants must sign the MV-82, which is the Vehicle Registration / Title Application. Also, both names must be present on the insurance ID card.

What do I need to register my vehicle?

Not only do you need an electronic notice of insurance to register your vehicle, but you also need the NYS Insurance ID card. Both are necessary to confirm you have the auto insurance needed to drive a car in the state of New York. Keep in mind that you must register your vehicle within six months of getting a policy with an auto insurance company. The “deadline” is based on the date printed on your NYS Insurance ID card. Just in case you are stopped by police officers, the NYS Insurance ID card can serve as proof of insurance. Therefore, you should keep a copy of the card in your car at all times.

While many drivers strive to learn more about defensive driving in New York and safely evading traffic, few are interested in learning more about NY insurance laws. Fortunately, the information discussed above should serve as a brief overview of everything you need to know about NY insurance laws.

Top 4 Insurance Tips for Homeowners

Insurance needs you to think about unpleasant occurrences such as car accidents, medical problems, and emergency home repairs. Although it seems pessimistic to ponder about such possibilities, it is vital to protecting yourself and your family against some of the unpredictable surprises of life. Here are several homeowners’ insurance tips to help you be prepared for any eventualities.

1. Understand how the claims process works

Two policies may offer to give you a similar amount of coverage, but they may differ significantly when it comes to making a restoration after a loss. Thus, let an agent to explain to you how they handle claims. You will also need to know if they give the claims upfront or just a fraction of it. You also need to know if they pay for everything you have lost, or just what you have replaced. Some policies may give you a cash value of what you have lost immediately after the loss, and they cover the cost of replacement after you have made the replacement of your items. Therefore, you need to provide receipts as evidence. Such kind of an arrangement may give you problems especially if you have no cash reserves and when you have been wiped out. You also need to know their replacement timetable and how long you have to replace your items.

2. Take an inventory

There are two steps involved in putting forth a claim: you have to prove that you owned the items, and also prove their worth. This is easy to do when you still have the items. Take a video camera and sweep through the house to get everything you own on video. Don’t forget the closets, basement, offsite storage locker, and attic. If you don’t have a video camera, you may as well rent one. You can also decide to make a list of what you own then take photos of what you have. Stash the videos or pictures in a safe deposit box with a copy of your policy. If you keep your inventory in your home, make a copy and give it to your loved one for backup.

3. Buy floaters

Sometimes renters and homeowners’ policies put a limit on the amount you can take on big-ticket items such as jewelry, fine collectibles, and computer equipment to only a fraction of the value of replacement. If this happens,you may choose a special policy known as an “endorsement” or “floater” for each of the items. And if you buy something new, keep the receipt with your inventory and mail a copy to your insurance provider. If it is an older item, have it appraised and then keep a copy, and send another to your insurance agent. Doing this avoids the worry of having to prove that you owned an item and any disputes about what they were worth.

4. Keep track of inflation

Knowing about inflation is vital especially with a homeowner’s policy. It may have cost you $80,000 to build your house eight years ago. But it might cost you 100,000 today to replace it. Most companies have inflation protection that covers the ever rising cost of rebuilding. Robert Rosenkranz on huffpo advises that when going to renew your policy, speak to your agent to confirm that your amount of coverage is still realistic. Also, when you improve your home, add this amount to the total.

When you are a homeowner, you need to be assured that in case of any unpleasant occurrence, you are fully covered. You will eliminate any worries if you follow the above tips to ensure that your insurance coverage is in order.


Business Ideas You Can Start on a Shoestring Budget

If you’re thinking of starting your own business, but you don’t have a lot of capital to invest, there are some great options for low cost start-ups. Making the leap into starting your own business can be extremely daunting, and everyone worries about how they will afford equipment, premises and employees. Choosing wisely makes good business sense, so before you start, why not consider these 7 ideas for starting your business on a shoestring budget:


1. Babysitter

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If you love children, then this could be a great career choice for you. If you have relevant qualifications then you’re more likely to get work quickly, but if you’re new to the idea, the Red Cross run a babysitting course that gives you a certificate at the end. Most parents will want you to have a valid CRB check, which can take anything up to 3 months to come through and must be applied for through an organisation. If you do any volunteer work with kids, you will already have this in place.


If you plan to look after children in your own home, or work for more than 2 hours a day, you will need to register as a childminder with Ofsted. Registered members pay an annual fee of around £100, but you are legally required to register by law, so will be open to prosecution if you fail to register.


The plus side is that once you’ve sorted your paperwork; there’s virtually no other outlay as parents will provide everything you need. Expect to earn between £5 to £15 an hour, depending on your qualifications, experience and location.

2. Dog walker

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Setting up your own dog walking business appeals to a lot of people as it’s cheap to set up and requires little knowledge and training, but this also means that there’s a lot of competition out there. A good place to start is by checking out the opposition by searching on Google. If you find a lot of results in your area, think about offering extras that make you more appealing such as short notice dog sitting services.


Bear in mind that most people will want their dog walked in the middle of the day as they’re out at work, rather than in the morning or late afternoon. For this reason, it’s a good idea to walk as many dogs as you feel comfortable with during these peak hours, without putting any of them in danger.


You should take out dog walking insurance, which should cost around £20 a month, it’s also a good idea to draw up a contract that you and your customers can sign about the care of their dog and your responsibilities. Bear in mind that you really need to love dogs to be able to have this type of business as you will have to be comfortable handling 4 or 5 of them at the same time.

3. Handyman

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Modern lifestyles mean that most people are busy working and don’t have time to sort out DIY jobs that need doing in their homes. This means that there’s a demand for skilled and reliable people who can fix things. Anyone can set up a handyman business, and you don’t have to necessarily be a man; a handywoman business offers something unusual and appealing to other females.


You don’t need any formal qualifications, but you’ll need to know your stuff when it comes to electrical and plumbing issues. You will be asked to tackle a wide range of jobs, so flexibility is paramount. Set up costs will include insurance, work clothes and tools, but apart from this the initial outlay is minimal.


4. Content writer

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If you have a good command of English and enjoy writing, setting up your own content writing business could be for you. Writing high quality web content features is an art, so having some relevant experience will help hugely. This market is very competitive because of the low cost of setting up a business writing content.


If you’re not familiar with SEO, it’s advisable to carry out research into this field, or better still enroll yourself onto a short course as this will drastically improve the effectiveness of your content and result in more business. With online sales booming, being able to provide high quality, SEO friendly content is even more essential for grabbing lucrative contracts.

5. Car valet

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If you enjoy keeping active and aren’t averse to a bit of hard work, setting up your own mobile car valeting business could be a good option. If you’re good at it, your customers will recommend your service to others, and there’s nothing like word of mouth for getting new business in. Targeting offices can also be a good way to get a few customers in one location, and offering a special deal will entice new customers to try you out.


The initial investment for this type of business is just the tools you need for the job; the rest is elbow grease. You will need to take out business insurance for protecting you from any damage suffered by your customers when carrying out valeting services on their vehicle.

6. eBay trader

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Perhaps the most famous auction site in the world, eBay is a great marketplace for selling products. You can start with a small amount of stock and slowly reinvest profits back into larger and more profitable products.


If you spot a niche in the market and can buy your product for a good cost, you can run a very successful business from your own home. eBay let’s you search for popular items, and you can research how much items have sold for by looking at completed listings. Some sellers even buy badly listed products off eBay and relist them with better information and images and actually make a profit.

7. Cleaner

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Starting your own cleaning business like is great if you have little money to invest in your business. The majority of the cost will be in working hours rather than money. There’s always a high demand for home and office cleaners as people will always create a mess! You would need to take out indemnity and liability insurance and maybe look at setting up a team to be able to win bigger contracts.

Different Types of Insurance Policies For Couples


One of the most common reasons to compare life insurance is to replace the loss of income or revenue suffered by the family in the event of your death.

Once you die and checks stop arriving, the family may be left with very limited resources. The proceeds of a life insurance policy do you have enough money to support the family almost immediately death occurs.

Life insurance also used to pay any debts that have commonly left open. Life insurance can be used to pay mortgages, car loans, credit card debts, leaving a remaining principal debt free for your family.

We often used also to pay some taxes and final expenses. Finally, life insurance can create respectable capital for your heirs. How much insurance you need?

Your life insurance needs depend on a number of factors including:

  • if you are married or not,
  • the number of family members,
  • the nature of the financial obligations,
  • stage of his career and
  • Their goals.

Have you heard of marriage insurance? Check this article: Can Marriage Insurance protect a marriage? For a couple the mixed contract is a boon because whatever happens in the future insurance financially help the couple. For example, if the woman dies couple widower and children will receive a capital and it is the same if the husband dies before the contract expires. Certainly this is not something to wish to see her husband leave the world of the living. But in addition to the human tragedy that it can cause, it can quickly turn into a financial drama. If the couple agrees that the mixed life insurance contract will expire at the end of the contract then it will benefit from a capital thus also allowing him to spend more or less retire happy but in all cases will turn.

Basically, the life insurance contract is a mixed gem able to satisfy everyone. But it was without counting on human nature and unscrupulous insurers who abuse the system eventually destroy it.

The insurer, which sometimes shows a little too greedy, understood that the Joint life insurance policy could quickly become a great way to get rich. The insured pays a large portion of their insurance premium in the year during which he endorse the contract. The insurer has the time to see it coming because with this type of contract the refund will be delayed in case of death or within even longer time when life.

If the insured does not pay the insurance premium for the first three years, the insurer could then cancel the contract and repay nothing to its insured. This is why insurers have tried to sign insurance contracts mixes lives to the greatest possible number. The amounts are substantial and in addition it is possible, with a little luck the insurer can benefit from the insurance premium the insured nothing to do to repay.