How To Find A Reliable Buyer For Your Structured Settlement

by

Choose a structured settlement wiselyA structured settlement agreement can never be altered once it has been made, preventing you from getting a lump sum amount when required during an emergency. But the law does allow you to transfer the rights of receiving the annuity to a third person if you wish to do so; or in short, the law does not deny selling of the structured settlement and obtaining money for it.

So whether it’s a medical emergency, an opportunity to buy a high value real estate or for even funding college education, you can sell the structured settlement and obtain the appropriate money for it. Obviously here the question rises of where to sell the settlement and to whom. This article outlines everything you need to know about finding a buyer for your structured settlement, how they operate, what are the costs involved and the legal formalities involved.

The definition Of A Structured Settlement Reliable Buyer

In order to prevent the recipient of a settlement squandering money and again ending up in financial trouble, the periodic payment settlement act was established in 1982, which presented the option for defendants to pay the agreed settlement in the form of annuities. Though this was a boon in one way, it was quite restricting for the recipients as the economic condition was ever changing. To help people out in such cases, few financial companies started buying the structured settlement and paid the lump sum amount to the recipient in return.

But during the 90’s the business took off so well, that a lot of them started to make unreasonable profits out of it by charging extra fees and undervaluing the original settlement amount. Hence the reliability of the buyers became questionable and the government had to intervene to make the process more transparent.

Read more

Are You Feeling Peer Pressure To Buy Whole Life Insurance?

by
Pressure To Buy Whole Life Insurance

When To Buy InsuranceA friend of mine recently complained about an old college roommate who was trying to pressure him to buy whole life insurance. He was having trouble figuring out how to tell him no, because they’d been so close back then.

This is an all-too-common occurrence for young professionals in their late 20s and 30s. This is the time when friends and family are test-driving new professions — like sales gigs, for example.

Many insurance brokers push whole-life policies because they provide them with the juiciest of commissions.

Several governmental surveys suggest that the average American will change jobs more than 11 times in his life. For many of us, it’s only a matter of time before we take a sales job that pays on commission.

Why They Peer Pressure You to Buy Whole Life Insurance?

For many people starting off in the financial services industry, the mantra is “you eat what you kill.” They have to sell their product, insurance policies, investments, brokerage services, etc., because the lion’s share of their paycheck comes from commissions on the sales they bring in.

But when people take that first sales job, they’re not likely to have a big, established client base to sell to. So they turn to the contacts they do have — friends, family, and coworkers — whom they bombard with pitches to buy products that might not always be the best fit for them.

Why Whole Life Insurance Gets a Bad Rap

Most Americans are just fine with a term life insurance policy — a relatively low-cost safety net to protect the people who depend on your income and other contributions should you die prematurely.

How much you need depends on the expenses you expect it to cover — if you’re responsible for mortgage payments, or expect your income to fund your children’s college tuition, you’ll need more. But when those needs are in the past, you often don’t need much life insurance.

A whole life policy is with you for your entire life as long as you make the insurance premiums. But what do you need that money for if your kids are grown and your mortgage is paid?

A 20- or 30-year term life insurance may be a better option for many families. And it’s a whole lot cheaper. A $100,000 whole life policy for a healthy 20- or 30-something may cost about $150 per month. But the same person can often get a 30-year term life insurance policy that pays out $500,000 upon death for as little as $20 a month.

Read more

How To Compete In The Current Job Market

by

If you were to believe everything that you read, you could be forgiven for thinking that the UK is in the midst of a significant economic recovery. While Britain may well be benefitting from improving business sentiment and job market, rising consumer confidence and a diminishing rate of unemployment. However, there are negative undertones that continue to restrict the potential for long-term growth. So even as international trade and foreign exchange activity continues to boom, not everything is rosy in the British economic garden. The same principle applies to the national unemployment rate, which fell to a respectable 7.2% during March. Alongside a rise in the national earnings average, this has triggered widespread optimism among job-seekers and those who are … Read more

The New Retirementality by Mitch Anthony – Your Retirement Is All Wrong!

by

Is our idea of retirement outdated? Is it absurd to have an arbitrary age, a mark on the wall, for retirement? Mitch Anthony makes the case that the retirement of our parents isn’t, and shouldn’t, be our ideal of retirement in the latest edition of his book, “The New Retirementality: Planning Your Life and Living Your Dreams…at Any Age You Want”. Age is just a number. Do you love what you do for a living? Why end your career simply because you hit 62 or 67 years-old? Why not keep working if you love it? Why not test out mini-retirements along the way? Are we doing it all wrong? Is our thinking about retirement all wrong? I recently talked to … Read more

Why A Point of Sale System Streamlines Retail Businesses

by

Small businesses have a host of problems facing them now that weren’t even remote considerations 15 years ago. The foremost problem that small businesses face is how to balance online marketing with retail outlets. What products do you want to sell online? What products do you want to combine with both your physical and digital location? These questions are just the tip of what a small business owner thinks about. Sales can become a compounded problem when you only have one true inventory. You don’t want to risk selling out of an item and leaving customers waiting. You also do not want items to sit on your shelves. Finding a robust point of sale system can solve many of these evolving … Read more

ECN Brokers: Who, What and Why?

by

World economyThe world of forex is dominated by jargon. With everything from currencies to broker formats having their own acronym, trying to navigate the forex world can be a bit of a minefield. Here, however, we’ve broken down one of the key acronyms: ECN.

There’s always a huge debate about who’s the best broker to use and why some types of broker are better than others. Many people swear by using ECN brokers, but why? Here, we try to find out:

What is an ECN?

Foreign exchange brokers come in a variety of shapes, sizes and forms. Due to the fact that the foreign exchange market is unregulated, there’s no set format for brokers, and many deviate from the norm.

ECN brokers are a great example of this. Instead of being a standard broker, they are an automated system that buys and sells orders, connecting major brokerages and individuals who can trade without the need for a middleman.

How do ECNs Work?

Instead of earning money from the spread, ECN brokers will make money by charging a small fee for every transaction they broker. In taking out the middleman, ECNs make it possible for investors from all over the world, in a variety of locations, to trade with relative ease and speed. To monitor the market, each ECN broker must register as a broker-dealer with the Securities and Exchange Commission.

What’s Good About ECNs?

An ECN will show you the very best bid and ask quotes available, scouring the market and multiple participants automatically and instantly matching and executing orders on your behalf. As well as being used at major exchanges during market hours, they are also widely used out of hours on the forex market by those with an online trading account.

Read more