The idea behind critical illness insurance is to support the policyholders incase they contract any critical ailment. It is often noticed that the fear of contracting any critical disease is much greater than the disease itself is. Thoughts about the inability to earn, unemployment, increased debt amount, expenses for treatment etc. compel people to panic. And such fear is not abnormal.
Once such unforeseen situations are covered, half the battle is won. With a peace of mind, patients can recover faster.
Nobody knows whether a healthy person would become a victim of any critical diseases tomorrow or not! Heart attack, stroke, cancer, Alzheimer’s disease when attack a person, the whole family becomes victim and the life seems to come at standstill.
To help people fight such incidents, insurer offers financial protection to critical illness insurance policyholders. Generally critical illness insurance policies provide following benefits:
- Expense of treatment
- Pay for all health related issues
- Mortgage repayment help
- Debt repayment
- Support to bridge the gap caused for reduced income
- and often more
Different insurers provide different kind of coverage under critical illness insurance. It is always suggested to read the policy carefully and ask all possible questions to your insurance agent. A list of critical illness types is provided with the policy; policyholders are insured against those illness types only. Know everything about your critical illness insurance policy before you purchase it.
Among the most common worries of men, that of financial problems probably ranks the highest. Money brings pleasure but it also brings its own share of troubles, and the likes of debts and credits can prove to be a serious mental hazard.
The most effective way to manage your debt is to go in for a professional consultation. Some of the solutions that the professionals usually offer are discussed below:
Debt Consolidation: By this method, multiple debts are consolidated or combined into one, and the debtor is required to make a single payment at the end of the month. This leaves the debtor free of having to deal with several creditors all at once. A Consolidated debt also means reduced monthly payments. Also, we are relieved of the burden of attending harassing telephone calls, as now it the responsibility of the firm to see that you can lead a peaceful life after transferring your worries to them.
Taking a loan: Another option is to take a fresh loan at lower interest rates to pay off all existing loans. So again, the debtor has to deal with only one loan. But, it just means robbing Peter to pay Paul, and such a step should be taken with caution, as instead of relieving you off your present debt, it may add to your existing burden.
Debt Settlement: By this method, the monthly payment made by debtor is saved and after a mutual negotiation between both the parties, the debtor pays a reduced sum to the creditor. The credit score drops considerably, but once all the debts are cleared, it improves with time.
However, it must be remembered that no two people have the same financial problem. In most cases it may appear to be the same, but it is not. So one should not blindly follow the path taken by others. We can always refer, but at the end of the day it is always better to apply one’s own common sense when it comes to solving finance problems.
When we read through an auto insurance policy it is very hard to understand and it is only because they used certain words which we normally don’t use in our everyday life in fact this words nor used in the auto insurance industries neither in the conversation involving auto insurance policy. So, if we don’t understand these words then it could seem as someone is speaking in different language to you. That is why you have to understand the policy at your best and then to pick one as insurance as it is an important part of your life.
Like the life insurance, health insurance or other types of insurance your automobile needs insurance too in order to protect your vehicle from any kind of accident. If you don’t have an insurance policy for this you can be sued and have to bear high financial loss. The amount of money which you have to pay might differ for different car and also depends upon the vehicle’s conditions. So it is true that a person have to pay less fro the motorcycle than Truck and Buses. Unlike life insurance and health insurance you can guaranteed the insurance for more than one person but you have to give special payments for each of the vehicle you have. Fortunately, our states make it compulsory that each people having an automobile must have a minimum amount of insurance policy.
Lastly, we all know the fact that when you buying an auto insurance policy you are actually managing your risk by diversified it into auto insurance company. As the premium of the policy is quiet high but we must not forget that the road is full of risks and dangers. So manage your risk and purchase a good insurance policy for your automobile today.
Hard money loan is the amount of loan which is transferred from the actual private lender to the borrowerfor the intent of making a giant purchase, ordinarily for the real estate purpose. It is so-called as “Hard money loan” because of the huge transfer of money instead of the exchange of money by way of seller or lender carrying on the home. It is highly unsafe loan in the part of lenders and often comes with high interest rates. Though, hard money loan is a private loan so the terms and conditions of the loan are normally flexible.
Knowing the hard money loan:
The word hard money loan often expressed in the difficult real estate language which makes it hard to understand but actually it is a simple concept and easy to understand. It is the supply of cash loan to the borrower of the loan by the private lender. This kind of loan is not strict the guidelines of combined lending institution or by the federal and so it could be negotiable with the lender.
Person who apply for Hard Money Loan:
As we know that hard money loan is a private loan form a private lender and it is not subject to the strict guidelines as other types loans. For thy reason, hard money loan often wanted by the people who:
- Never have a credit.
- Have a record of bad credit.
- Have income which could not be verified.
- Have a home foreclosure previously
- Have the capacity to refinance immediately
- Require hard money.
Some Advantages and Disadvantages of Hard Money Loan:
Hard money loan is often risky for the lenders who lend money to the borrower because the borrowers of this loan normally have a poor credit record. This also signifies that the lender of hard money loan always in the key position to charge a high interest rates and impose fine if in case of repayment failure. In the part of borrower of this loan there is certain risk too. There is an easy availability of large amount of cash which the borrower is responsible for the terms of using the cash suitably. However, the benefit is that it is simple to qualify for the high-risk loan and the condition are slightly flexible in contrast to other loan kind. Then responsible hard loan borrower could avoid these traps but the irresponsible borrower should think first before seeking and accepting the hard money loan.
What is Asset based Lending (ABL)?
Asset based lending provide loan in against of the fixed asset (i.e., land, building, equipment, etc.) or current asset (i.e. stock, accounts receivable etc) given by the borrower of the loan as a collateral security. Asset based lending is the most common and reliable form of credit because it provides loan in against the assets of the borrowers.
Normally, asset based loan are provided for the time form six months to three years or even more and it is best to meet the cash flow requirements of the companies. These loans are usually used by the companies for the purpose of working capital, mergers, purchase of assets and debt refinancing etc.
Boon of ABL:
Asset based lending could also be called as commercial financing or asset based financing because these are used to satisfy the cash inflow of the company. ABL has some advantages but the biggest advantage of asset based lending is the rate of interest which is comparatively lower than other kinds of loans.
When Asset Based Lending is Helpful?
ABL is ideal for the financial expansion of the company. It could also be used for other purpose like business mergers and acquisition, refinancing surviving business loan etc. The highest amount of loan which one could borrow depends upon the liquid value of the inventory, fixed assets determination and account receivables. One could also receive the term loan and credit against the security of these assets. You could get up to 40% of term loan against the value of asset.
Asset based lending differs form the traditional commercial financing because asset based lending depends more on the collateral and liquidity crisis. It provides more liquidity to the borrower while craving little financial agreements.
Factors influencing the ABL Market:
Although there are many factors that influence the market of ABL but here are some basic and important factors which affect the market a lot.
- Obstacle in the policy of cash flow.
- Economic lag since the calendar year of 2001.
- Firmness and competitiveness of ABL.