Critical Illness Insurance – What Are The Advantages And Disadvantages Of This Cover

Critical illness insurance is designed to pay a one off lump sum, if you are diagnosed with a qualifying illness covered during the term of the policy. Most insurance companies will have a list of qualifying illnesses covered by the policy. The types of illnesses covered under a critical illnesses plan will vary from company to company, this means it is important to read what known as the “key facts document” is provided by all the insurance companies, before you apply for your critical illness insurance. With critical illness policies you can choose both the term of the policy and the level of benefit and you can have it as a standalone benefit or as part of a life insurance plan.

Critical Illness Advantages and Disadvantages

Advantages
Will protect your family and yourself should you be diagnosed with a qualifying illness. The policy pays a tax free lump sum which you are free to spend how you see fit.

Cons
Not all insurance companies cover the same illnesses within their policy. May not cover a pre-existing condition, especially if not declared at the outset. This type of cover can be expensive.

Critical illness plans can be set up into two ways
Death or Earlier Critical Illness pays on either death or critical illness but not both.

Death AND Critical Illness
This pays on a qualifying illness claim and again on death. Some critical illness plans have the following options: Stand alone Critical Illness: No life cover, only pays out on diagnosis of a qualifying illness. Waiver of Premium: monthly premiums are paid on your behalf for after a set deferment period if you cannot work due to ill health. Survival Period: most policies require you to survive for a period of 14 days to make a claim. Permanent Total Disability: the policy pays out if you are unable to work again. Children: some providers will pay out a set amount of benefit if one of your children suffers a qualifying critical illness.

Critical illness insurance quotes and advice
As with any insurance policy it is important to understand the policy you take out as paying a premium for many years and then finding out that you are not covered for what you thought can severally affect your financial planning. These days there are many life insurance websites that let you compare the premiums and benefits of each provider in the comfort of your own home. Many of these sites will offer discounted premiums as they have lower operating costs and can offer independent financial advice over the phone should you be unclear on any aspect of the policy you are considering.

Writing An Effective Hardship Letter To Avail Loan Modification

A hardship letter is the most important piece of document required to apply for loan modification. Its substance and validity will make or break an attempt for a loan workout. This is a letter basically contains an explanation why there is a difficulty of settling mortgage amortization. It is only fitting to compose this letter carefully.

When writing a hardship letter, its important to remember to keep it short, concise but not arrogant. A one to two pages maximum letter is strongly advised. Take note that a lender does not have the luxury of time to read a novel-like hardship letter. This letter serves as outline of ones difficulty to pay for periodic amortization, so it should be direct.

Like any letter, begin with a proper salutation, use font type and size reasonably easier to read. Letter size or 8.5 by 11 inches will be the papers size; otherwise an A4 sized paper can be used.

Bear also in mind that there is a clear definition of the term “hardship” for availing loan modification. Such hardship should fall under listed by mortgage lenders. Such as bankruptcy of business, immediate relocation, or divorce from a spouse who is the co-borrower. There are still more to this, to be sure homeowners should check with their lender.

In the actual writing, the first sentence should tell why such letter is written. This may include the explanation that after all possible ways were exhausted theres still failure to meet with mortgage payments. Much of this should be in the first paragraph of the letter.

The second paragraph should describe the events that affected failure to make regular payments. This description should be done tastefully without being overly dramatic. Overly thought out explanation might appear deliberate and fake. Additional paragraph might be added to explain the intent for loan modification pursuant to financial difficulty.

It is also wise to give approximate, if not exact, duration of the hardship period. This will be the basis for the mortgage lenders to get a head start with its response for loan modification. The last paragraph should emphasize the desire to settle the loan, but asking for leeway, for the time being.

Then end the letter with parting words hoping for a loan modification, which will be favorable to both parties. It is also wise to mention about attachments to the hardship letter, which are proofs of financial difficulty claim.

The New Modification Craze With Interesting Car Wraps

Vinyl wraps, as we all know, are synonymous with advertising. Organizations produce usage of vehicle wraps for branding, branding which helps raise the profile of their corporation. While advertising with these wraps are full on the go, the completely new craze just for car modification has largely inclined towards car wraps for the entire car makeover. Folks are finding their car wrapped with vinyl films to present it a different finish as well as color. This craze has emerged lately due to the monotony which eventually slips in while driving the equivalent vehicle just for long. Not all of us can afford a completely new car every time a interesting model gets launched in the industry. This is a simple way of giving your old car, a brand-new appear, and also giving yourself a boost to drive it with interest.

The very best Car Wraps use the latest process in print production. The qualified gurus use a car as a blank canvas to fill it in with their artwork. They can customize your car in whichever way you want. It is like obtaining a brand completely new car, just at a a lot lower expenditure. You actually might be thinking which a personalized spray paint job might also bring in the identical effect at a lower expenses, so why invest in wraps? While your question is quite relevant, the answer is also proper in front of you actually. A wrap is nothing but a thin film which lays out on the top of your cars factory skin. It gives a second skin for the car, thus protecting the original color of it. You actually can take off a wrap whenever you want to. The inner color will be revealed in its intact state. You actually can also replace an old wrap with a brand new one according to your mood and craze.

Vinyl car wraps of top quality have warranty of about 5 to 7 years. So, you actually could keep it just for long, until something else comes in the craze. The original paint gets shielded from chipping or fading, which also slows down the course of action of depreciation. This can support you actually get a far better cost while reselling the car. A full wrap just for your car will expenditure you actually around some thousand bucks. Earlier, modifications adopted by car whizzes are a lot costlier than this, which included personalizing amount plates, transforming tires, adding spoilers, etc.

Your Stock Market Addiction Is Costing You A Fortune

If you are stock day trading out of addiction, you are unintentionally flushing your money down the toilet. You might not realize it, rationalizing your “investment” options as you watch your wealth dwindle with each trade.

Regardless of your investment style, you must rein in emotion if you expect long-term profitability in investments.

In this article, I’m going to share with you the similarities between typical addictions and stock market addictions. Recognizing these characteristics is your first step to conquering the addiction, and will result in greater profitability, addiction or not.

Active trading has a higher degree of perceived control than passive trading, and this can be dangerous. It’s one of the arguments traders make against using mutual funds. The argument is that by active trading, one can nimbly trade around market circumstances that funds cannot. Forget that the fund manager is more qualified than the trader 99 times out of 100.

This is similar to gambling where a gambler has control over each individual wager, rather than ownership in the casino.

Active trading is exciting. With great risk comes the potential for great reward, and this reward is usually met with the release of the chemical dopamine in the trader’s brain. The presence of this chemical means that trading is more than just a psychological addictionit can actually border on a physical one. These are the same characteristics of a gambler.

Another similar characteristic between trading and gambling is the potential for a quick buck, or easy return of money. Exacerbating this is the fact that it’s possible to receive a disproportionate amount of return through the use of margin and leverage.

Another problem with addictions like trading and gambling is perpetuation, a form of passive enablement. With each passing trade, the addiction is reinforced, regardless of whether the trade was a failure or success. A successful trade brings about the desire for a repeat performance, while a failed trade brings about the need for redemption or to make back that lost amount.

Let’s not lose sight of our goals. Trading is about making money, plain and simple. But to make money, you have to realize the difference between when you are trading and when you are gambling.

If you can successfully master that psychological stumbling block, you will most definitely become a better trader.

Interesting Tips On Bad Debt Consolidation

If you are working on steps towards bad debt consolidation, it is wise to consider negotiating with the creditors. It is also important to know how you can do it successfully to help you come up with a good repayment plan. Remember that working with some creditors can be a difficult and emotionally draining.

It is not uncommon to feel stressed about the situation when one gets constant communication from their creditors. To avoid feeling strained or harassed, be sure to approach the situation with a clear head. File all written communications for future reference. Evaluate your finances to help you understand what you owe and what you have so that you can start paying out your debts.

One of the things you can do is to keep all types of communication with creditors in a safe place. This can help you to take a look at them as you work on a repayment plan. If you manage to make any settlements, be sure to have it in writing as well. This might become useful for future reference.

In your repayment plan, consider paying out creditors that you owe smaller amounts of money first. It is wise not to delay the process. You should start your repayment plan immediately. Once you have paid off your small debts, you can consider making plans to start paying creditors that you owe higher amounts of money.

Be sure to create a clear and well organized monthly budget. This is beneficial in numerous ways. It can help you to negotiate for an affordable repayment plan. Do not hesitate to show it to them. Giving creditors your financial situation in writing can help them to understand your situation better.

Remember that it is important to be in control of the situation even if you have debts to settle. One way of doing this is by letting them understand that you are willing to start making payment. Be sure to let them know how much you can afford. It is important not to strain yourself when repaying your debts.

Another tip that can help you go about bad debt consolidation successfully is to remember to show your creditor that you are committed to your repayment plan. You can do this by taking control of your finances. Make sure that all payments are done in a timely manner and without fail. Keep your spending in check and avoid acquiring more debt.

Climate Modification and Volcanoes

Climate modification is a multi-faceted and complex subject. In this article, we take a look at the relationship between climate modification and volcanoes.

Climate Modification and Volcanoes

The climate modification debate is a nasty one. Parties pick their positions, dig in and refuse to listen to the rants of the other side. Lost in the yelling is the simple fact that climate modification is a natural phenomenon to some extent. For proof, we need merely look at the materials kicked out by volcanoes.

It is an undeniable fact of the earth record that volcanoes have changed the climate during certain periods. Small explosions don’t have much impact, but large explosions send massive amounts of material and gases into the atmosphere. The gases include carbon dioxide, the ultimate bugaboo greenhouse gas. Beyond these gases, however, volcanoes can kick out so much debris and ash that the material in the atmosphere can actually block out the sun or reduce the warming effect.

Mount St. Helens is the most studied and well known recent eruption. Unless you have been meditating in a cave for the last 20 years, you know that the volcano exploded on May 18, 1980. The eruption was powerful enough to flatten everything for 17 miles, immediately turning 10 million trees into so much firewood. The huge volcanic ash cloud stretched halfway across the United States, but barely had an impact on global temperatures.

In contrast, the eruption of the El Chichon volcano in 1982 had a measurable climate impact. El Chichon is located in Mexico and was a much smaller eruption than Mount St. Helens. Still, the average temperature around the globe cooled by one degree. What scientist learned is the climate modification impact of volcanoes is highly dependent on the type of explosion. The materials from Mount St. Helens fell out of the atmosphere quickly, while El Chichon belched enormous amounts of sulfur that remained in the atmosphere for much longer.

One of the problems with climate modification is it occurs over a relatively long period of time. Since we started paying attention to the situation, we have not had a chance to see the impact of a major eruption. The stuff we see on television is really small potatoes compared to historically eruptions of note. For example, Mount St. Helens threw roughly a half a cubic mile of material into the air. In 1815, a volcano in Indonesia belched 24 cubic miles of material into the atmosphere. Obviously, one has to imagine it impacted the climate of the earth.

Is there a relationship between climate modification and volcanoes? Undoubtedly. From what we see, however, the relationship is generally of a short duration and not an explanation for the rising temperatures we are seeing currently.

Rick Chapo is with SolarCompanies.com, a directory of solar energy companies. Visit us to read more articles on solar power and global warming and volcanoes.

Sec Employee Personal Trading Compliance Requirements

One of the main issues impacting compliance officers today is the difficulty of monitoring the personal trading activities of employees in accordance with best practice and industry regulations. Adherence to rules such as SEC Rule 17j-1 and Rule 204A-1 and adoption of the best practices recommended by the SEC can be very time consuming and distracting for any compliance department.
The main requirements of an Investment Adviser under rule 204A-1 and Rule 17j-1 are:
Adoption of Code of Ethics.
Process to monitor employee personal trading
Reporting by all access persons of all holdings within ten days of becoming an access person and at least once within each twelve month period thereafter.
Submission of transaction reports by access persons no later than 30 days after the end of each calendar quarter. The report must cover, at a minimum, all personal trading transactions during the quarter.
Trade Pre-Clearance approval of certain investments. Access persons must obtain approval before they directly or indirectly acquire beneficial ownership in any security in an initial public offering or in a limited offering.

The SEC when amending rule 17j-1 in 2004 also recommended that Investment Advisers adopt the following in their code of ethics.
Prior written approval before access persons can place a personal securities transaction (“pre-clearance”).
Maintenance of Restricted lists e.g. Lists of issuers of securities that the Registered Investment Adviser firm is analyzing or recommending for client transactions, and prohibitions on personal trading in securities of those issuers.
Maintenance of “restricted lists” of issuers about which the Registered Investment Adviser has insider information, and prohibitions on any trading (personal or for clients) in securities of those issuers.
Blackout periods when client securities trades are being placed or recommendations are being made and when access persons are not permitted to place personal securities transactions.
Reminders that investment opportunities must be offered first to clients before the Registered Investment adviser or its employees may act on them, and procedures to implement this principle.
Prohibitions or restrictions on short-swing trading and market timing.
Requirements for employees placing personal trades to trade only through certain brokers, or limitations on the number of brokerage accounts permitted.
Requirements to provide the adviser with duplicate trade confirmations and account statements.
Procedures for assigning new securities analyses to employees whose personal holdings do not present apparent conflicts of interest.

There are many Personal Trading or Compliance Management systems which allow firms to automate this employee personal trading process. These systems vary from systems which capture employee brokerage statements to systems which allow you to provide end to end employee personal trading surveillance.

How To Start Trading The Forex Market

What Is FOREX or FOREX MARKET? PART I

The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

That is larger than all US equity and Treasury markets combined!

Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.

The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.

Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.

Example: suppose you had $1000 and bought Euros when the exchange rate was 1.50 Euros to the dollar. You would then have 1500 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.

Example:

You might see the following:

EUR/USD last trade 1.5000 means One Euro is worth $1.50 US dollars.

The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

Bank Of Montreal (bmo) – Company Profile And Swot Analysis

July, 8, 2014 : Company Profiles and Conferences presents a Company Report on “Dredging Corporation of India Ltd. – Company Capsule”, who follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.

Synopsis
“Bank of Montreal (BMO) : Company Profile and SWOT Analysis” contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries, employee biographies as well as competitive benchmarking data.

Summary
This report is a crucial resource for industry executives and anyone looking to access key information about “Bank of Montreal”

The report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. World Market Intelligence strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.

Scope
– Examines and identifies key information and issues about “Bank of Montreal” for business intelligence requirements.
– Studies and presents the company’s strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported.
– Provides data on company financial performance and competitive benchmarking.
– The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.

Reasons To Buy
– Quickly enhance your understanding of “Bank of Montreal”
– Gain insight into the marketplace and a better understanding of internal and external factors which could impact the industry.
– Increase business/sales activities by understanding your competitors businesses better.
– Recognize potential partnerships and suppliers.

Key Highlights
Bank of Montreal (BMO) is a diversified financial services organization, which provides retail banking, wealth management and investment banking products and solutions. The products that the bank offers include checking accounts, savings accounts, business accounts, students’ savings accounts, personal loans, business loans, student loans, mortgage loans, home equity loans, retirement savings, mutual funds and credit cards. Its services include wealth management services, cash management services, foreign exchange services, investment services, capital raising, corporate lending, treasury services, risk management services, and merger and acquisition advisory services. The bank operates in North America, Asia, and Europe. BMO is headquartered in Montreal, Quebec, Canada.

Sure Shot Intraday Trading Tips

Intraday Tips can be either extremely profitable or extremely non-profitable. Intraday traders can generate either huge percentage returns or huge percentage losses. But we will say Intraday Trading is an art because many day traders manage to earn millions per year solely by Intraday Trading.Intraday Trading looks to be very simple but in Intraday Trading one has to be really fast and quick. Intraday trading can become very risky, especially if one has poor discipline, money management. Stock brokers usually allow bigger margins for day traders.Every trader is tempted to know how intraday trading works and how they can make profits at the end of the day. Most of the investors earn profits At the end of the session the investor can book profits while trading on large volumes at a much smaller price so that the profits can be recorded. An important point to be considered is that the investor has to be realistic because they should know how to control losses with the help of Intraday Tips.

There are many ways to invest and gain profit. One of the best options is by investing in stock market. People who are risk takers can work in this market and earn handsome amount without leaving the comforts of their homes. Through these stock market tips, you can learn how to make more money and for many people the income from the stock market is the major source of earnings.Learning everything you can about this business should be your first step. It is important to know that proper awareness is important for any goal. One of the best techniques when it comes to share trading is called intraday trading. This is a strategy that involves the buying and selling of shares within the same day. It is true that intraday trading is fast and rapid so you need all the experience and patience to be more effective in this trade. Some reliable Intraday Tips help you along the way.It is important to find a reliable Intraday Tips provider that can help you minimize the risks that you have to take.

Mostly the strategy regarding the day to day trading is similar to the long term investing in the stock markets. However there are some specific Intraday Tips too which can come in handy when you are thinking about making some fast bucks. Before proceeding further let us understand about intraday tips in respect to share market. To analyze this further this can be described with the help of an example a new intraday high means the security has reached a new relative to all other prices during a trading session. In some situation the intraday high is equal to closing price. Most traders pay heed to price movement with the help of real-time charts so that they can get maximum profit from short-term price deterioration.