Category Archives: Finance Guide

These complex financial products combine investment growth and life insurance in one package. These products were popular among homebuyers in the eighties, nineties and nineties as a way to repay a mortgage. Many people purchased them because they were able to get large commissions from home loan companies and middlemen like estate agents. These charges are often […]

2011 saw a lot of emphasis on efficiency and spending, which has made the term “value engineering” synonymous with “cost cutting.” This is a problem from a risk management standpoint. This practice changes the intent of value engineering, and places more emphasis on cost savings than optimizing the project. These practices can negatively impact a company’s credibility with […]

Living with a disability can be challenging, especially when it comes to managing healthcare costs. Fortunately, Social Security Disability Insurance (SSDI) is a government program designed to provide financial assistance for individuals who are unable to work due to a disabling condition. While many people know about the benefits of SSDI, one question often arises: […]

Unfortunately, not many people understand mortgage payment protection insurance (MPPI). Yet each year, many people buy it along with their mortgage believing that it will provide the income they need to cover their expenses. Although it is usually able to do so in most cases, there are some exclusions that could make it difficult for you […]

Christchurch, New Zealand 2016. I still live in a city that publishes truths too often. I live in a place where much of the issues that should be discussed are not being addressed. I live in a place where politicians, who should be representing the people, seem to have lost their voice. Many are still in pain, while others […]

Title insurance is different from other types of insurance. * It doesn’t cover any future casualties, such as homeowner’s, auto, or health insurance. * Title insurance protects policyholders against past events, such as liens that have not been paid off, mortgages that have never been satisfied, and deeds signed by only one party with a […]

Are you considering purchasing a vehicle with a rebuilt title? While rebuilding a car can save you money upfront, it may affect your insurance rates in the long run. Insurance companies often charge more to insure cars with rebuilt titles due to their increased risk of future damage or accidents. But don’t worry – in […]

The insurance rates determine how much you will pay for your insurance coverage. When considering insurance policies, the premium should not be the only thing you consider. Quality of cover and claims record are just as important, and often more so, than insurance rates. Insurance rates are determined by the insurer’s assessment of the risk and its […]

Permanent life insurance was long viewed as offering investors an attractive tax break: cash-value growth was tax-deferred while loans were taxed according to the last-in first-out method. But with most policies featuring cash values now failing the seven-pay test and thus being classified as modified endowment contracts (MECs), investors may lose some tax advantages of […]

Car accidents are unsettling experiences for all drivers, no matter their experience level or skill. Understanding when and how to report an incident to your insurer will make the process less cumbersome. Most insurance providers, like GEICO, recommend reporting immediately so they can begin taking steps on your case immediately. Damages Many people fail to […]