Is Life Insurance an Investment?

Life insurance is often considered to be a kind of investment that one makes for his future and in order to safeguard one’s family’s future. It is not exactly an investment but quite close to it. It helps provide a security to your family and saves them from financial crisis at the time of your death.In the simplest form, a life insurance policy is a contract between the insured and the insurance company under which the latter promises to an assured sum to the nominee of the policy. The nominee is the person who receives the insured amount upon the death of the insured person. Thus it is an investment towards one’s life and toward his family’s future. The insured person may not be able to enjoy the benefits of the investment but his family does and thus it is considered to be beneficial.In most of the life insurance policy, the insured amount is realized on the death of the insured person only. But nowadays there are certain flexible insurance policies which works like investment as well. For instance the endowment life insurance policies have a predefined maturity date and the insured party can invest in them to increase their capital.In case of an endowment policy, the policy holder needs to pay a higher premium for a fixed tenure, decided under the contract. Interest is added to the capital amount under this policy which can then be released one the policy matures. These types of policies allow you to withdraw the amount before time and thus you can rely on them during financial crisis.Similarly there are participating life insurance policies also which work as investment. Under this policy, the premium paid by the insurer is paid to the insurance company which further invests it. When the insurance company earns any profit on those investments then the insured person also receives the benefit. The profit is shared with the insured person whose money has been invested by the company. Even if the company does not make any profit, a minimum insured amount is paid to the insured party upon the maturity of the policy.These participating policies are generally offered by mutual life insurance companies.These companies use the premium paid by the insured party and then use them as collective investment that is invested in mutual funds. The returns from the investment depend on market condition and various factors therefore it is essential to choose the right company. The company might invest the amount in properties or other investment plans and when they get profits on these investments, it is equally divided among all the policy holders of the company.If you are opting for participating policies then you need to consider certain factors like past performance of the insurance company, financial strength of the insurance company, returns in the past, contract period and other such factors.Similarly you can invest in insurance bonds also which are basically meant for investments. It has a single premium similar to an investment plan. In other words, you need to make the payment once only and enjoy the interest on it.If you are searching for life insurance policy that acts as bond then you can opt for investment bonds. Under this you need to pay one premium only and can enjoy the investment. Investing in these insurance bonds and other life insurance policies is beneficial otherwise as well. It helps you save your taxes and secure your future.If you wish to invest towards your future then you can opt for pension plans that are offered by some of the life insurance companies. Under this you would be required to buy a policy and pay a small premium regularly till you retire. Once you have retired, you can enjoy regular income in the form of the pension that you would get from the life insurance company. This way you would not have to depend on anyone and can invest towards a better future for yourself.These types of investment – insurance policies are gaining a lot of popularity these days as they allow you and your family to have a better future. However, not all types of life insurance policies can be considered as investments. Thus if you wish to buy a life insurance policy then you need to first choose the kind of policy you need.If you wish to increase your capital then you can invest in the investment policies which would allow you to enjoy the profits and dividends. But if you wish to provide protection to your near and dear ones upon your death then you can choose to buy the protection policy. Under the latter, the assured amount is paid to the nominee mentioned in the policy, when the policy owner dies.The dividends and the profit you receive in case of an investment policy also depends upon the kind of policy you choose. Some of the investment policies pay you a fixed interest rate, while there are other policies wherein the amount of returns you get fluctuate according to the profit made by the company.So it depends on you to choose the kind of policy you need. In case of the investment policy you may have to face risks as it depends on the market condition. On the other hand, life insurance policies extend the benefit to your nominee but do not involve any risk as such. Therefore it is best to decide what you expect from your policy and then invest in a policy that provides you with the maximum benefits.

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Technology – Meaning and Effects on Life

Technology was coined from the Greek word technologia, which refers to a “skill” or an “art”. It simply refers to the utilization and cognition of techniques, tools or methods of organization. It could also mean the in-depth analysis of a concept or the proper knowledge of a field or subject area. The use of the word is relative, and can be applied to as many areas as possible. Mobile technology, car technology, medical technology, space technology and a host of other terms have been coined from the word. This is because the application of the word is limitless in the present world.
The impact of all the different technologies on humans is very significant. Technology started with the transformation of natural resources into elementary hand tools. Fire, for instance, played a great role in the advancement of prehistoric technology. Its discovery and control was the beginning of the many and has escalated to inexplicable heights like the internet today. It is pertinent to note that not all advancements in the field have fostered peace and made life easier. Nuclear weapons and their likes are of course, utterly destructive.All the great economies in the world today depend on technology. It is safe to assume that they would not get this far but for technological advancements. There is also the issue of pollution and the depletion of natural resources as a result of processes that utilize technology. This reduces the quality of the earth and the value of the environment in general. Interestingly, recent studies have discovered that other primates carry out activities that point to an understanding of basic technology.Lots of debates have arisen over the years and they have centered on the impact of technology on the society. Some movements totally condemn the concept with overwhelming evidence and conviction. Different scholars and philosophers read different meanings into it and extend its definition to cover a broad range of usage. This has made science, technology and engineering overlap in their meanings and applications. The history of technology also makes for interesting reading as it dates back to 10,000 BC. It has evolved from the usage of basic tools to the development of all the crucial sectors in the life of man. Medicine, agriculture, manufacturing, transportation, communication and education, to mention a few, have benefited immensely from this mind-boggling concept.The view on technology cannot be uniform. It always differs from scholar to scholar and from individual to individual. Where uniformity lies however, is in the fact that technology has come down a long, winding way, and that it is here to stay.Do you want to read more, visit us at http://www.latest-tech.damisagurus.com

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Unsecured Business Loans For Beginners

Any financial lending is carried out by the understanding that the borrower will keep his word that he will repay. In the normal course, it is expected that the borrower will provide requisite documents as security for the loan. Other requirements that are expected to be furnished are liens and guarantees. And, if the previous records show that you had been playing truant, then it is that much more difficult to get the loan. This is where unsecured business loans come in to the scheme of things. A business cash advance is meant for special circumstances.Unsecured cash advance is meant for a start up and you may be able to apply for a loan up to $50,000. In special cases, it may even be enhanced further. This loan is also known as merchant cash advance and is provided for the purposes of marketing, a re-do of an office, procurement of equipment, and necessary expansions.A credit history that speaks volumes about your repaying habits will, happily, have no reflection on your getting the loan granted. If the lending agency is convinced that you intend to pay back the loan you took, it will look the other way and lend you the money. Business credit scores play no small part in the loans getting past the scrutiny. Before applying then, you must have this aspect of your financial position neatly secured.Co-existence of personal and business credit together in the records is a sure way of getting your loan application rejected even in the initial stage. The two are never to be mixed. And, this precludes the use of social security number having anything to do with the loan applications. Small Business Financial Exchange is the authority that has the power to give credit scores and the credit scores are the main yardstick that lending agencies go by. How the SBFE does get the information? It gets it from the small lines of credit papers that are sent to it.Short term loans are usually given without giving the once-over and that means you are expected to return the loan amount when you can get hold of funds to do it. On the other hand, long-term loans are given with a more flexible repayment schedule. It is only to be expected that these loans are taken for long-term use and the returns will take that much time to accrue to the borrower. It follows that the he will repay only in long-term. The advantage here is that he is not forced to follow a strict repayment routine. The amount of repayment is not fixed and so is the date of repayment not fixed in the case of these small business loans.The U.S. government comes into play in these loan schemes with a consciousness that small businesses are perhaps more important than big business to stay afloat. It has an organization exclusively for the small businesses welfare. The SBFE, among other things, looks after the small businesses’ needs to get unsecured loans. It does not lend the money itself but many agencies have tie-ups with it to facilitate the small businesses take loans from them. The unsecured business loans are an area it especially takes a keen interest in.

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