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Understanding life settlements

May 24, 2010 by · Leave a Comment 

Ever since the courts have considered life insurance policies to be transferable property, transactions such as life settlements have become a great way for senior citizens to reallocate funds that are available in their life insurance policy towards other important areas that will suit their present needs especially in regards to their will, expenses towards health and so on and so forth.

In most cases of a senior life settlement, one is able to obtain more money than the actual surrender value of the life insurance policy, and that is why even though this industry is fairly new, it is picking up in terms of growth amongst senior citizens who find great use for this type of financial service. Since this financial transaction not only allows people to spread the benefits for insurance that is more suited to their current needs, one can also give their family or friends gifts of cash for them to enjoy with.

So, it’s not really tough to see why making a life settlements investment is a good one. However, the factors that determine whether you can get a tidy sum for the life insurance policy that you’ve had for years is the health and age of the individual and the parameters of the policy.

All of us want to be remembered when we leave this earth, and perhaps your inheritance can be part of the legacy by which you will be remembered by! So, in understanding life settlements, one can take the appropriate steps to secure their and their loved ones’ futures.

The benefits of retail merchant accounts

May 16, 2010 by · Leave a Comment 

Picture a situation where you walk into a store and find the exact item you were looking for, and when you move to the counter to purchase it, the merchant tells you that the card cannot be accepted. What does one do?

You’d have to go out and get some cash to purchase the item, and in most cases, customers who do not have the time, will just leave the store and not make a purchase at all. And this is where a merchant must choose wisely when it comes to picking between retail merchant accounts that are on offer.

The bottom line is that merchant need to find a retail merchant account that cater to their store’s specific needs as well as being able to accept payments through conventional methods such as debit cards, credit cards and checks as well as unconventional but secure methods such as Internet credit card processing and over the phone payments as well. One needs to obtain total merchant services that offer these services and much more so as to avoid the countless times one has lost a customer in the aforementioned circumstances.

Another big plus in taking up a efficient merchant service is if they offer a free credit card terminal as well as those terminals like the Nurit 8000 wireless terminal that can accept credit cards wherever your cell phone works.

In making the right choice, not only will you minimize the missed opportunities of a customer sale but will gain the satisfaction of getting value for your money.

Why Medicare supplement rates matter?

May 11, 2010 by · Leave a Comment 

Benjamin Franklin once said: “The only things certain in life are death and taxes.” And more than anyone else, senior citizens are made abundantly aware of these two realities all through their life, which is why Medicare supplement rates and other forms of insurance become more and more important once they’ve hit the age of 65.

Since Medicare does not take care of long term medical costs, most senior citizens have the option of choosing between twelve Medigap plans through several service providers. However, these plans have been devised and implemented by the government throughout the country so the benefits from plans A to L are pretty much the same in every state except Massachusetts, Minnesota or Wisconsin with the premiums ranging from $ 180 upwards to about $ 300. One should review all plans and make a choice on which plan suits you best.

With old age comes the possibility of failing eyesight, and so individual vision insurance also can play an important part in curtailing costs requirement for the procurement of eyeglasses or contacts as well as eye surgery as well. Some plans are as economical as $11, and come with the options of copayments and annual benefits as well that depends on the kind of plan you require.

Burial insurance is another pre-payment option that senior citizens have in order to cover funeral and coffin costs when they pass away. The total costs can range from $6000 to about $10000 and more, and so to prevent this from being a financial burden on their loved ones, it works well for those who know that their time has come.