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Business Start Up Loan – Script Your Own Success Story With The Right Finance Method
If you thought generating ideas for your business was a difficult task, then arranging necessary finance in the form of business start up loans would seem even more difficult. Many entrepreneurs succumb at this stage, only to lead their idea to...
Finance Your Car With Poor Credit
Cars don't look at your credit before they decide to breakdown.
Anyone, with poor credit or great credit, could find themselves
in a situation where they need an auto loan. Fortunately, those
with poor credit do have options available for...
Payday Loans: Personal Finance Savior Or Disaster?
Summary: You need a small amount of financial help fast, but you heard payday loans can be expensive and dangerous. What now? Find out how to avoid the dangers and reap the benefits of payday loans. Payday loans may be right for you if you need...
Poor Credit Mortgage Refinance - Refinancing Your Home After Your Credit Score Has Dropped
You can still refinance with bad credit, but you will need to
shop around. Each refinance application is looked at on an
individual basis. So even if you have bad credit, other factors
could qualify you for a low interest rate. However, if you...
Refinancing Your Home Mortgage Loan - Refinance Your Adjustable Rate Mortgage
Refinancing an adjustable rate mortgage (ARM) is a common
practice for borrowers. However, it may not always be the best
option. Depending on how high interest rates climb, there are
cases when you could end up spending more on converting...
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Sisters are insuring themselves: how finance is the new feminism
According to a study by LifeSearch, the number of women in the UK buying life insurance in the UK has doubled over the last six years. As women are increasingly closing the gender related pay gap and even becoming the main breadwinners in a household, they are also becoming more vigilant about their finances and less financially dependent on their partners.
Linda Tyson, a policy advisor for LifeSearch stated that the increase was attributed to the “growing awareness of the importance of protecting the financial stability of the family. More and more women are either the main or only breadwinner and are realising the importance of protecting their incomes.”
An additional advantage for women is upon applying for cover, they pay less in premiums than men, which is additional money to save, invest or spend on holiday with the girls. This reduction in premiums is based on the fact that women live an additional seven years longer than men. Insurance companies deem men a greater insurance risk when it comes to life insurance. In general, a woman pays 25% to 35% less than a man.
The most cost effective way to buy life insurance is term cover, which allows for a lump sum to be paid out over a given period upon the death of the policy holder. The lump sum will protect the partner or family and the extent of the cover will vary on how
much the policy holder wishes to invest and length of time over which they wish to invest it.
Alternatively, there is the option of whole-of-life insurance, in which case a lump sum will be paid out upon the death of the policy holder – whenever that happens. Given that the payout is guaranteed, the premiums for this type of life insurance are much higher, although women still pay less than men.
Websites such as moneynet provide an easy method for women to review different life insurance policies, the risks and associated costs and given that the ratio of male to female web users is almost 50:50, it’s not surprising that women have the web (and their finances) under their thumb.
Resources
Channel 4 Money
Life Insurance
Life insurance and women
About the Author
Rachel writes for the personal finance blog Cashzilla: a wee bit of banter on finance related issues.
Web: http://www.cashzilla.co.uk
E-mail: rachel@positiveinterest.com
Phone: 0131 561 2251
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