Protecting Your New Family With Life Insurance How To Compare Low Cost Car Insurance In Florida Advantages Of Bankruptcy A Homeowner Consolidation Loan Could Ease Financial Difficulties

The responsibility of bringing a new life into the world often prompts us to take a long hard look at our financial situation and ponder how well our family or other Dependants would cope with the financial side of life if your income was lost for some reason.

If you die prematurely, become disabled or critically ill, will the loss of income be financially as well as emotionally devastating? Whilst this is unpleasant to consider, they’re truths that have to be faced and there’s no better time to start making financial plans for such eventualities than with the birth of your first child.

Why Do You Need Life Cover?

Life cover is designed to provide financial protection for your family if you should die or, with some policies, for you too if you are diagnosed with a terminal illness.

You can also include additional cover to pay out the benefit amount if youe are diagnosed with a critical illness covered by the policy. The last thing your family will need to worry about, if the worst should happen, is whether or not they can afford to remain in the family home, let alone keep up their current lifestyle. A lump sum payment doesn’t make up for the death of a treasured parent, but it does mean that your children will not have to go without the necessities of life.

Get Affordable Life Insurance When You’re Young

Finding affordable life cover may be problematic for a young family – this is a time when money is often tight. However, this is also the best time to purchase life insurance. When you’re young and healthy, premiums are inexpensive, and this is the best time to take advantage of the fact that premium costs will only increase as you age. Worse yet, if you develop a medical condition later in life, you may end up with soaring premium costs, or even be un-insurable. You never know what might happen tomorrow, or next year, or in ten years time, and life insurance is all about protecting you and your family against anything that life throws at you.

Getting good life protection is important even if one spouse is not earning an income. A full-time parent is worth nearly
The best way to compare low cost car insurance in Florida is online, using several of the websites specifically designed for such comparisons. But before you jump online and start making comparisons it would be well to know exactly what it is that you are comparing.

If you really want to find the lowest-cost car insurance in Florida then you need to start by creating a policy that’s specifically designed to save you money. Here are several suggestions for ways you can do just that.

Start by always driving legally and safely. In other words, keep your driving record spotless. Speeding tickets or other moving violations will only increase the amount of your monthly premium. And a conviction for a DUI or a DWI will cause your rates to skyrocket. A second DWI or DUI conviction and you’ll be lucky to find car insurance at any price.

Is there a garage where you can keep your car at night? If so you can earn another deduction on your premium.

Do you have any other insurance policies with the same insurance company? If so you should be able to qualify for a Multi-Policy Discount on your car insurance.

Another thing you need to do at least twice each year is to simply ask your insurance agent point-blank if there are any unadvertised deductions which you could conceivably qualify for. You would be surprised at some of the creative and odd-ball deductions that the insurance companies come up with from time to time that they don’t bother to tell anyone about.

Are you under 25? If so you are automatically placed in a high-risk category and your premiums reflect that. If you stay in school and keep your grade point average at 3.0 or higher then you will qualify for a Good Student Discount.

Are you 55 or older? You, too, may be in a higher-risk category than you used to be. You may be able to earn as much as a 10% discount on your premiums if you take – and pass – a special driver’s refresher course that some insurance companies offer. Ask your agent if your company offers such a discount.

Before you buy a new car ask your agent exactly how much it’s going to cost you to insure it. Not all new cars cost the same amount to insure. Make sure you can afford the monthly insurance payment on top of your other car payment when deciding on a new vehicle.

On the other hand, if you drive a car that is so old that it has little or no Kelly Blue Book value then you are just wasting your money if you continue paying for collision and comprehensive insurance each month, since your insurance company will never pay off on them no matter how diligently you pay your premiums.

Do you drive fewer than 500 miles each month on average? If so, ask your agent if you qualify for a Low-Mileage Discount on your premium.

When was the last time you assessed your deductible? The higher your deductible the lower your premium payment each month. But be careful. Consider carefully how much you can honestly afford to pay out of your own pocket if you were to make a claim or you could put yourself in a real bind.

O.K. Now put together your low-cost policy and then let’s get online and find at least three of the many sites that allow you to make quick and easy comparisons of prices for insurance from a variety of different insurance companies.

Unfortunately you can’t just make comparisons at one site because no site compares all of the different insurance companies operating in Florida. Take your time and make your comparisons on at least 3 different websites. If you’ll take the time to make multiple comparisons then you will have genuinely compared low cost car insurance in Florida and know that you have grabbed the very best deal you possibly could.

Consumers who are considering filing bankruptcy are faced with a lot of questions and are often not sure what the advantages could be- if any. Besides the obvious advantage of not having the debt that hangs over their head everyday, are their any other advantages of potentially damaging your credit report for 7 to 10 years by filing bankruptcy?

There are many different aspects to consider before making a final decision. There are always options, but choosing the right option is not always easy. Below are some of the advantages that can help the consumer make thought-consuming decisions that are right for them. The advantages are not always the deciding factor but they can sure help you make a wise decision.

The Automatic Stay

One advantage is when the consumer files for Chapter 7 or Chapter 13 bankruptcy, a petition is filed and there is what is called an automatic stay, which requires the creditors by law to cease all activities of collecting the debt. This means that they have to stop calling, leaving messages, or mailing you notices when they are notified of your intentions. Creditors can be penalized by the court system if their efforts continue. This type of situation is best handled by an attorney. Bankruptcy Attorneys are available for a free consultation to answer any and all questions that you may have. They will help you see the advantages that can be offered by Chapter 7 and Chapter 13 bankruptcy. Each type of bankruptcy has it’s own set of advantages and disadvantages.

A Fresh Start

The advantage of obtaining a fresh financial start is another major benefit that a consumer should consider when deciding if filing a Chapter 7 is the best choice for them. Chapter 7 bankruptcy is a better option for debtors who have little or no property and mostly unsecured debts. You can choose what debts you wish to file Chapter 7 bankruptcy. This includes both secured and unsecured debts. Unsecured debts are those like medical bills and credit cards. A secured debt is when you have decided to use collateral that can include your home, car, or other major assets you have ownership of. Chapter 7 bankruptcy is also referred to as liquidation.

Possible Disadvantages

Chapter 7 is not a perfect solution, however, as there are some unsecured debts that do not qualify for Chapter 7 bankruptcy- including most school loans. Please ask questions of your bankruptcy lawyers. Consumers who are eligible for Chapter 7 bankruptcy may be discharged or forgiven from most unsecured debts. With a secured debt the creditor is entitled to collect the debt by seizing and selling certain assets of the debtor if payments are missed.

Chapter 13

Chapter 13 bankruptcy provides a better solution for those consumers who have a regular income, secured debts and do not which to loose their property. Chapter 13 bankruptcy allows the consumer to submit a plan, to the bankruptcy court to repay the debts that are secured in a three to five year period of time. This means the consumer does not have to lose ownership of the items used to secure the debt. Each individual’s situation is different though, and must be evaluated before deciding which type of bankruptcy is right for their particular situation.

Learning Opportunities

When a consumer decides to file for bankruptcy, whether it is Chapter 7 or Chapter 13, the consumer is required to take some classes. The consumer is required to attend classes pertaining to credit counseling and debtor education. This is an advantage that not only helps you figure what had went wrong, but it will also help you find new ways of budgeting, paying bills, and spending your funds so that you do not run into the same financial difficulty in the future. The classes also teach you how to protect yourself against identity theft and also how to read and monitor your credit report.

Employment After Bankruptcy

Consumers that are concerned about being dismissed from a job due to the fact that they are filing bankruptcy should not be worried. Another advantage is that employers are not allowed to dismiss an employee based upon the fact that they, the employee, are filing bankruptcy. Keep in mind, however, that it may affect your ability to obtain new employment for a few years after filing bankruptcy.

If you have loan, store and credit cards etc and your monthly repayments are getting on top of you then you should consider taking out a homeowner consolidation loan to combine all your existing payments together and end up paying just one lower repayment each month.

Great care has to be taken when considering a homeowner consolidation loan to make sure that in the long run you are not going to be worse off. To do this you will have to take into account how long any existing loans have left to run compared to how long you are thinking of taking out the consolidation loan for. Even a lower rate of interest on the new loan could end up costing more if existing loans have only a year or so to run.

Providing you have worked out that you would be better off by combining your existing loans and credit cards, then going with a specialist website and allowing them to compare homeowner consolidation loans on your behalf will get you the cheapest. A specialist will know where to look when it comes to finding the cheapest rates of interest based on the amount you wish to borrow. Along with this they should gather together the key facts; the key facts are where you can find all the information relating to the loan including any additional fees that could be added onto the cost of the loan.

When thinking of taking out a homeowner consolidation loan you have to remember that your home will be at risk for the length of time you are taking out the loan. Therefore you have to be sure that you will able to continue repaying the loan otherwise you risk losing the roof over your head if you were to get behind on the repayments.

The amount of money that you are able to borrow for a homeowner consolidation loan will all depend on the equity that you have in your home. Lenders define the equity as being what is left after you have taken off the amount that is outstanding on your mortgage from the value of your home. While the majority of lenders will allow you to borrow up to this amount, some will offer 125% of this value but you can expect the interest rates to be higher.

The beauty of the homeowner consolidation loan is that providing you have worked out you would be better off and have taken out the loan within a realistic timeframe when it comes to repaying; it is an excellent way of making a fresh start if your monthly repayments have got out of control. You only have to make one repayment each month to one creditor which means no more missed payments, plus if you have got a low rate of interest you should have shaved a little off the monthly repayment which means you have a little money left over each month. Of course you will have had to work out the correct ratio between the length of time you take the loan out over and the monthly repayments.

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