Invest in Child Future Plans Suraj, a 33-year-old Bangalore based working professional in an MNC, was excited that his son is old enough to get admission to a school. He selected some of the best schools to get his admission done. But the exorbitant school fees even for nursery class came as a shock to him. Without compromising on his son’s education, he decided to go ahead even if it meant to cut down his own expenses. A lot of parents in India today find themselves stuck in such a situation amid the insane growth in the cost of education. While they are able to meet the cost of primary education right now, the cost of higher education becomes a challenging task to meet. So, what should...
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Don’t panic – acting in fear is rarely a good decision. Moving all your assets without thinking it through may hurt you in the long run. Stay focused on your long-term plan so that you do not waver under uncertain circumstances. Don’t try to “time the market” – it can be a gamble to move all your assets to safer investments because it is hard to time perfectly. You will most likely end up selling at a lower price and buying at a higher price later when you re-invest. Strive to continue contributions – instead of selling assets, continuing contributions during down markets means you are purchasing more units at a lower cost. Consider evaluating your portfolio – market fluctuations may have...
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What Happens To Life Insurance When I Declare Bankruptcy? As we review our client's assets when discussing bankruptcy there are three different questions, as Licensed Insolvency Trustees (LIT), that we get asked about life insurance: 1. What if I have a term life policy on my own life? 2. What if I own a Whole or Universal Life policy on my own life and there is cash value? 3. What if I am the beneficiary of a life insurance policy on someone else’s life? In evaluating your assets in a bankruptcy situation your Licensed Insolvency Trustee is determining if there is any equity or value in the asset that is potentially available to your creditors, subject to any exemptions under Provincial or...
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I’d like to make one suggestion when it comes to a New Year’s resolution for 2020: Make sure your retirement planning is in order. After all, your financial well-being should be a top priority. The U.S. Consumer Financial Protection Bureau defines financial well-being as “a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow enjoyment of life.” I like that. I want to guide some thinking on this issue of financial well-being in retirement. Let’s start with a review of the eight core strategies, or vehicles, for creating that financial security and enjoyment in life. You may...
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Lawsuit: Alcoa violating bargaining agreement by ending life insurance for retirees EVANSVILLE, Ind. — Retired Alcoa worker Charles Wyatt had no idea he was about to lose his life insurance benefit when he opened the mail from his former employer. "It was a surprise to me when I got the letter," said Wyatt, who also is the mayor of Boonville. Wyatt was one of thousands of retired laborers notified by letter earlier this month that Alcoa will be ending its company-provided life insurance benefit for most hourly retirees on Dec. 31 and offering them a one-time "discretionary payment" as compensation. Wyatt got another shock when he looked at the payment Alcoa was offering him. Wyatt, who...
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How Good Is China Life Insurance Company Limited (HKG:2628), When It Comes To ROE? One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We’ll use ROE to examine China Life Insurance Company Limited ( HKG:2628 ), by way of a worked example. China Life Insurance has a ROE of 13%, based on the last twelve months. One way to conceptualize this, is that for each HK$1 of shareholders’ equity it has, the company made HK$0.13 in profit. How Do I Calculate Return On Equity? Return on Equity = Net Profit (from continuing operations) ÷...
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Are You Insured? When It Comes To Life Insurance, Many Are Not Slightly more than half of Americans have life insurance, and even fewer Alabamians have it, which is a troubling trend among economists. BIRMINGHAM, AL - Few people likely perk up when they are asked to talk about what their families will do when a family member dies, especially if the primary bread-winner in the family passes away. However, the subject is one that is important to discuss, and in light of numbers that show how few people in the country have any type of life insurance, that importance is magnified these days. According to statistics by the Insurance Information Institute, only 54 percent of Americans are...
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PEORIA, AZ / ACCESSWIRE / December 9, 2019 / Darcy Bergen has over 20 years of experience as a financial planner helping his clients plan for retirement and other financial needs. He is also the owner of Bergen Financial Group and has experience working with clients who have various financial concerns. Although many clients contemplating retirement inquire about life insurance, Darcy Bergen believes people in their 20s should also be thinking about it. Although it's hard to imagine people in their 20s have a lot of debts versus someone in their 40s, many young people graduate college with a significant amount of debt. On average, college students graduate with an average of $29,800 in debt...
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3 Factors to Think About When Buying Insurance Online Eric Hamilton Dec 07, 2019 11:59 PM EST (Photo: 3 Factors to Think About When Buying Insurance Online) Buying life insurance online can be an easy and convenient way to get access to the coverage that you need, fast. In the digital world, you can compare the price of available premiums, explore the features of a wide range of policies, and even examine unique kinds of coverage like long-term care insurance. However, just like with any consumer strategy, it's important to make sure that you know what to look for before you begin shopping. If you're starting to search for the right coverage for the first time, and you're not sure what kind...
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Life insurance companies saw a 37.2 percent year-on-year (YoY) growth in their eight-month (April to November) period new premiums at Rs 1.69 lakh crore compared to a year ago. Life Insurance Corporation of India (LIC) yet again beat the industry in the collections with a 44.5 percent YoY growth in new premium at Rs 1.2 lakh crore. Private insurers saw a 22 percent YoY growth in the first-year premium at Rs 49,078.27 crore. Though the first half of the financial year is a slower period for life insurers, this year the companies saw a healthy double-digit premium growth. An Emkay report said after two months of tepid growth, the life insurance sector has rebounded with strong premium growth...
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