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Take Advantage Of Variable Universal Life Insurance

A variable universal life (VUL) is a kind of permanent life insurance plan with a built-in savings part that provides for the investment of the cash value. Like standard universal life insurance, the premium is flexible. VUL policies have both a maximum cap and minimum floor on the investment return connected with the savings segment.

Variable universal life insurance has changeable sub-accounts that recognize for the investment of the cash value. The purpose of the sub-accounts is comparable to a mutual fund. Exposure to exchange fluctuations can make significant returns but could also result in substantial losses. This policy gets its name from the changing outcomes of investment in the ever-fluctuating market.

While variable universal life insurance grants flexibility and growth potential over a regular cash-value or full life insurance policies, policyholders should thoroughly evaluate the uncertainties before purchasing this type of insurance policy.

1) Flexible premiums

With a VUL plan, a policyholder has the decision of putting in more than the regular dividend. Any amount above the regular premium becomes added investment or top-up. In effect, the fund value accrues faster for the policyholder. This is exceptional for those who want to invest their extra income. On the contrary, in the event of sudden financial trouble, a VUL plan enables the policyholder to pay the charges only, thereby keeping the policy in force. Moreover, as long as there is enough fund value to cover the fees, a VUL policy will not terminate.

2) Potential higher returns

Considering the underlying assets are linked to stocks and bonds, the gains of the VUL plan –may outperform the other types of insurance policies. Contrary to that, the profits and growth rate are now down to just four percent. And with the existing economic conditions, all indications point to even lower rates in the future.
Although a VUL plan involves more significant risk, the higher returns allow the policyholder to accomplish his goals faster. Or better yet, gain a more considerable fund than he initially set out for.

3) Liquidity

A VUL policyholder can use the fund value in case of financial emergency. Unlike in old policies, this is treated as a withdrawal rather than a trust. Thus, the amount withdrawn does not acquire any interest. Better yet, the amount withdrawn is not subtracted from the face amount. However, it is highly encouraged that whatever amount was taken out to be reinvested so that the policyholder continues with his financial goals.


Benefits of Having a Comprehensive Car Insurance Cover

Some people have a bad impression of the insurance industry. Of course, there are a few things that many people do not like about the insurance companies. This is what probably one of the things that make many people not to realize the many benefits associated with having an insurance cover. Well, having said that, it is good to understand that having a good insurance cover for your car is a good thing that you can ever do. This is because there are many benefits that are associated with it. Have a look!

Total Loss

burnt carOne of the benefits that you will get from having comprehensive car insurance coverage is that it protects you from totally losing your car. We live in a man eat man world, and therefore things such having your car stolen or even burnt can happen anytime. Under such like circumstances, if you do not have an insurance cover, you will lose your car. However, if you have a good insurance cover services provider, you, will always be sure that you will be in control of such situations. You just need to ensure that you are working with the right company.

Protect Car Parts

Have you ever parked your car in the city center, went for lunch only to come back and find some side mirror is damaged? Or some other parts of your car stolen? Well, if you have not, then you are lucky. Those are some of the things that happen on a daily basis. When you have an insurance cover, you will not have to worry about the occurrences of such bad things because your insurance cover will always take care of you. The My Choice calculator tool for Ontarians is there to ensure that your car is restored to its normal  condition.

Accidental Damages

Another good thing about having a comprehensive insurance cover is that you do not have to pay for accidental damages. If your car is involved in an accident and it is damaged, the insurance company will pick from there and ensure that everything is taken care of. This can be important especially when your car is substantially damaged.

Courtesy Car

financingWhen your car is damaged, and it is in the garage for repair, most insurance companies offer a courtesy car just to make sure that you are not inconvenienced in any way. This ensures that you can carry on with your business as there is nothing that has happened. Only big insurance companies that have a good reputation can offer this feature. This is why you should choose your insurance company wisely.…

financial planning

Benefits of Financial Planning

If you want to start any form of business, make sure that you know how to plan efficiently for the available resources. If you conduct your business without planning, you will end up regretting at the end of each annual business year. If you face difficulties in planning, you can look for various agencies who will guide and help you on how to plan. For example, wealth management cincinnati is the best group that will help you to plan accurately on your finances.

You need to avoid making wrong decisions in your business by hiring the best financial planner. When you are looking for a financial planner, make sure that you know the best tips to consider. Below are the benefits of financial planning.

Cost Controls

cost control strategies This is one of the best benefits of financial planning. When you create annual budgets, you can see how you spend, and even you will be able to see your big expenses. Once you have known how to you spend your resources you will learn how to reduce your big expenses and monitor them to see if you will meet your goals. Also, you need to remember setting a budget will not solve your financial problems. All you need to do is track your records and budget each month to make sure that your revenues are keeping pace with your profit targets and expenses.

Achieve Your Goals

A financial plan will help you to achieve your goals quickly. This is because, with a saving, spending and investing plan, you will be able to keep your record and transform your dreams into reality. With good record keeping resources, you will know how much you spend, and you will stay on track thus reaching your financial goals.

Peace of Mind

As an entrepreneur, financial stress is one of the hardest things that you cannot handle easily if you do not have good financial skills. But once you hire a financial planner, you will have a peace of mind because you will have new financial strategies that will help you to achieve your business objectives.

Cash Flow Management

cash flow managementIt is important to understand that financial planning will help you when it comes to cash flow management. When you are running a business, you need to understand that bad debt or slow payables will lead to high bills that will affect your cash flow. That is why you need to plan appropriately and know how you run your daily business activities.…