How Selling Your Life Insurance Policy Works

You can receive more money from selling your policy than you would if you cancelled or surrendered your policy to the life insurance company. Life settlement proceeds can be used for anything you want, including supplementing retirement income, paying down debt or funding long term care. You can even keep a portion of your life insurance coverage while eliminating premium payments.

The process of selling your life insurance policy is not difficult. It is a 9 step process that is mostly handled by the life insurance settlement broker. Besides an application and some of your medical records there is not much for the applicant to do. The following is a simple list of the process.

This process can cause some anxiety and fear in doing it right. Also what if you are not near a local insurance agent that handles this type of service. What do you do? Many firms like Mason Finance can do this online. There is no excuse anymore to solving your financial needs.

Process For Selling Your Life Insurance policy

1. Realization:

Policy owner realizes that his/her life insurance policy is an asset that may be offered for sale.

2. Contacting a Representative of the Life Insurance Settlement Association:

If a life settlement is determined to be the best option, the policy owner or the advisor get in touches with a member of the Life Insurance Settlement Association who is either a life settlement broker or provider to start the procedure. It's possible to engage in a life settlement through either.





3. Application:

After selecting proper representation to settle a policy, the policy owner should complete an application and provide policy, ownership and insured information providing a list of doctors and/or medical records for underwriting. It is essential that you review all your personal privacy and security rights.

4. Underwriting:

The settlement company submits the medical records for review by an independent life expectancy company. Life expectancy business calculate the probable life span using actuarial and physician experts.

5. Analysis:

Each life settlement provider/buyer calculates the marketplace value for the policy offered for sale. Companies may consider different aspects when valuing a policy, including contract specifics such as premium expense, death benefit and provider ratings, as well as insured details like age and life span underwriting.

6. Preparing an Offer:

The provider/buyer will either decline or prolong an offer to the policy owner or agent. An agent will seek competing offers from other providers/buyers. The policy owner can accept or decline any offer.

7. Purchase and Sale Agreement:

If the policy owner approves a deal, the provider that made the deal will prepare a purchase and purchase contract and other documents formalizing the transaction. The policy owner, insured and beneficiaries then sign this package. The provider will evaluate, complete due diligence and countersign the plan. The money for the settlement sale are then placed in an escrow account.

8. Notification:

The insurance provider is informed of the modification of policy ownership and named beneficiary to the different owner, the provider.

9. Money Transfer:

Upon written confirmation of the change of ownership and beneficiary, the escrow agent releases the settlement payment to the seller of the policy.

The process is simple and painless. It's easily handled by your Settlement specialist. In a very short time you will be in possession of your money.

- Click Here: Selling Your Life Insurance Policy, Does It Make Sense? -

5 Ways to Help Lower the Cost of a Funeral

Losing someone close to us can be tough. Families must figure out how to go on without their loved ones, but at the same time, may be faced with the added worry of paying for a funeral. 

This is something many of us don’t think about until we need to plan a service, meaning families are often shocked to learn just how much a funeral can cost.

An average funeral in New Zealand can cost anywhere from $4,000 to $15,000, according to Dollar Insurance. This figure consists of everything from handling the remains to burying the body. 

However, given how quickly funerals are put together and a general lack of pre-planning, it can be hard for families to know if they’re paying for items they don’t want or need.

It may not be pleasant to think about, but a bit of advance planning for your own funeral could help your family avoid stress or debt when you pass. Here are five ways that could help your loved ones in the future:

1. Do some pre-planning.

Funerals are often put together on short notice. As a result, families may be unable to compare prices from one funeral home to another. One way you could help is by doing some “shopping around” for them. Ask local funeral directors for pricing, even if it’s just an estimate.

If you find a funeral home, you’re comfortable with—both the price and management—tell your family. That way, they’ll know where to go when it comes time to arrange the funeral.

2. Consider a funeral insurance policy.

Even if you take the steps above, the final funeral bill your family receives might still be more than they can afford, especially if they need to come up with the money on short notice. Click Here for funeral insurance that might be able to help.

A policy could help your family pay for a service and anything else they may need at the time. This could be a quick and affordable way for you to help fund your funeral and remove some of the financial burdens from your loved ones’ shoulders.

3. Choose cremation over burial.

A traditional burial can be expensive. Depending on where you’re buried, a cemetery plot and council burial fees can range from a few hundred dollars to several thousand. Plus, other things typically go along with burial that can add up.

Doing the deceased’s hair and makeup for an open casket, the coffin, and a headstone. Alternatively, cremation could be more affordable. This may cost less than $1,200 and remove the need for a headstone if the ashes are scattered.

4. Decline embalming.

Whether you decide to be buried or cremated, asking that your body not be embalmed could save your family hundreds of dollars. Embalming is a process used to preserve the body and help make it presentable for viewing. 

However, it’s typically only required in cases of infectious disease. If you prefer a closed casket funeral, there may be no need for this extra step.

5. Skip the fancy upgrades.

Like any business, funeral homes need to make money. There are many trustworthy funeral directors out there, but unfortunately, some do try to sell grieving families on fancy upgrades.

Writing down your funeral wishes, including specifying anything you don’t want, could help your family save some money. This could include asking them to choose a simple casket instead of a “gasket” one, only holding one ceremony at the graveside, or saying no to flower arrangements.

Planning a funeral can be stressful for a family, but helping control the costs could make it easier for them to say goodbye in peace. Taking steps like pre-planning, choosing how you’d like your remains to be handled, or getting funeral insurance may be a smart move for people over 50.

How to Be Profitable in the Stock Market

Image Source: Bigstock Photo

Saving money is great, but eventually you may want to grow your assets more aggressively. The stock market is one of the best places to make significant profit off your existing capital. Some people shy away from it due to fear of uncertainty, but if you can live and function within that ambiguity, you can truly build your wealth.

Before you invest, though, there are some key concepts you will want to learn to increase your chances of success.

Understand Technical and Fundamental Analysis

There are two main ways to vet a potential company for investment: technical and fundamental analysis. Technical analysis means learning how to read stock market charts to identify trends and give you a better idea of when you should enter or exit your positions.

Fundamental analysis focuses on ways to address the underlying value of a particular company’s stock. This approach takes into account things like a company’s financial standing, the wider economic environment in that industry, and the strength of the management team. Using these factors, traders and investors compare the current price of a stock to their valuation of it to determine if the stock is over or undervalued.

These two methods combined allow traders and investors to analyze a particular stock and try to time optimal entry and exit times for maximum profit.

Timing the Market

Picking the best time to buy or sell is one of the most challenging parts of trading and investing. You can choose a great company with spectacular fundamentals, but if you buy when their stocks are at all-time high prices, you are still likely to lose money when the stock consolidates, or evens out. 




Some ways to gauge the market for entry and exit points are by using technical analysis, being vigilant before and after annual earning reports come out, staying a step ahead of major news announcements that can impact price, and by properly evaluating assets for over and undervaluation.

No one can win all the time, so don’t get too discouraged if you don’t perfectly time the market.

Learn, Learn, Learn

There is no such thing as a perfect trader, but don’t be one who simply wings it either. Constantly improve your skills and deepen your information about your target markets. There are troves of great information on the web, so stay curious and be proactive about maximizing your knowledge base.

A proprietary trading firm like Maverick Trading even hires and trains inexperienced traders. If you are very serious about trading, learning from industry experts can really speed up the learning process.

Don’t Compound Your Mistakes

Sometimes when you are playing the market, you are going to make the wrong choice. Maybe you set your stop limit too high, the stock price dipped, and then your order sold right before the stock went on a big run. Now you’re upset because the stock gained 30%, and you want back in. Then you buy it back, and the price swings back down. Now not only did you miss out on the bump, you also lost money on the dip. These mistakes can be infuriating.

Emotions are one of your biggest enemies in trading. You don’t want to make moves based on your emotional state, which can be hard when you have major money on the line. Instead of trading on emotions, develop personal trading principles that you stick to regardless of the situation. By creating these principles, you can follow best practices rather than the wind of emotion.

The major theme here is that information is power. If you want to trade, don’t just shoot in the dark and hope for the best. Trades aren’t won on hope, they are won with knowledge.

About the author: Anthony M. Christensen is a writer, digital marketer, and owner of Astronautical LLC. He earned a BS in English at Utah Valley University. He loves art and wandering the mountains and deserts of his native state, Utah. Connect with him on LinkedIn.

3 Things You Should Know about the Cost of a Lawsuit

There are many factors to consider as you decide whether or not to file a lawsuit against another party. Regardless of the type of case that you are thinking about pursuing in court, you must understand the potential costs of a lawsuit before you finalize your plans. While requesting an estimate for legal fees from your lawyer is a critical step to take, there are a few other things that you need to know about legal fees.

Different Legal Fee Structures

Each law firm or independent lawyer has a different fee structure. Some will only collect a fee if they win your case, and the fee may be a percentage of the award. Others will collect an up-front fee based on their time and energy spent on your case regardless of whether they win or not. 

Some will collect this fee with monthly billing statements as an alternative. There are also various hybrid variations that combine these fee structures together. Because fee structures vary dramatically, you should carefully assess the structures from several experienced attorneys before you make a decision about representation.

Rates Vary Dramatically

Likewise, rates for these various fee structures vary. A higher rate does not always mean that you will receive better service or enjoy a more favorable outcome. Many people worry about having to pay expensive legal fees out of their own pocket, and they may be inclined to find the rock-bottom lowest rate available. 




Understand that lawsuit funding is available. After learning about the lawsuit funding process, you may decide that this is an effective way to pay for legal fees upfront and obtain the services of the most experienced lawyer in your areas. 

Don’t forget to look on legal websites for information that can help you out. For example, if you had questions about settlement loans, you can learn about it here.

Judgments May Not Be Paid Promptly

You may assume that you can pay for legal fees after a judgment has been awarded, and your lawyer may tell you that you have a very solid case with a strong likelihood of having a favorable outcome. However, some people may not pay a judgment in a timely manner. 

An outstanding judgment typically will show up on the individual’s credit report as an outstanding debt, and this may interfere with is or her ability to obtain financing until the debt is paid to you. However, it still may be months or years until you receive a dime from the court case.

Legal fees can seem prohibitive, and you may consider not filing a case because of them. However, with multiple fee structures available and with legal fee funding available, there is no reason not to pursue justice with a lawsuit.

Finances and Funds: How Smart Families Insure a Secure Future

Being financially responsible can sometimes feel as though it means that you can’t have any fun. Curbing your spending habits doesn’t mean that you need to miss out on the important things in life. Here are some techniques to ensure a secure financial future for your family.

Live within Your Means

Creating a budget will help you to live within your means. You know how much income is coming into your home, but you may not be aware of how much is going out. Taking a hard look at your monthly bills is the first place to start. 

There may be places that you can work to save some money. Evaluate the services that you’re receiving and determine if you can qualify for any discount programs. Many companies will offer you incentives in order to stay with your service provider.

Obtain Adequate Insurance

Insurance may seem like a waste of money until you really need. This includes health insurance, home owners insurance, and car insurance. Something terrible could occur and you would be on the hook for all of the bills that were associated with it. 


Start by getting several quotes so that you can find an insurance plan that will fit within your budgetary restraints. For example, getting an auto insurance quote from several different companies may vary widely in the price range that’s available to you.

Watch Your Expenditures

You have your set monthly expenses which include things like your bills, but there are also other expenditures that can start to add up. For example, dining out and entertainment costs can blow your budget if you don’t keep an eye on them. 

Set a limit on how much you can spend in these areas. There are always free forms of entertainment available for families that could help you to get out of the house without having to break the bank.

Save Each Month

Setting monthly saving goals will help to secure your financial future. This can be more difficult when you’re first starting out because you’re used to spending more each month on other items. 

Slowly scale back so that you don’t feel as though you’re having to make large sacrifices. For example, setting a goal of twenty dollars a week is more doable than trying to save it all at the end of each month. This money could come from giving up going out to coffee each day.

Being smarter about your money starts by examining your spending habits. Use these guidelines so that you can secure your family’s finances.

How to Apply for a Credit Card: Need to Follow These 5 Quick Steps

Credit cards are fast becoming one of the most preferred types of plastic currency in India. Between January 2017 and January 2018, almost 7.39 million new credit cards were issued, pushing the number of total cards in circulation to 36.24 million. This sharp rise is thanks to the host of benefits cards available today, along with an easy to meet credit card eligibility criteria.

Many financial institutions also accept online application for credit cards, which helps save time and hassle of extensive paperwork. You only have to follow some quick steps to apply for a credit card.

5 quick steps to easily apply for a credit card

Know your eligibility –

A borrower has to meet some specific credit card eligibility criteria for application. Various factors like age, income, credit score, etc. play a crucial role in determining whether a lender will sanction a card or not. Although it varies between the financial institutions, following are some of the standard requirements.

• Age – Your age must be between 25 to 65 years.
• Credit history – You should have a good credit history to apply for a credit card. A defaulter will be treated as a risky borrower, and the lender might not grant the application.
• Credit score – Most financial institutions require a minimum credit score of 750 to issue a credit card.

These are some of the general credit card eligibility criteria that you have to meet. Other than this, you must be an Indian residence and a salaried or self-employed professional.

Search for a suitable lender

The next step to apply for a credit card online should be a thorough search to find a lender that suits your requirements. You should pick a financial institution which offers the maximum set of varying benefits and features. You should also look at various loyalty programs before zeroing-in on one credit card provider.

After you define your requirements, check the details of a credit card plan. Remember to check the following –

• Joining and annual fees.
• Welcome bonus and reward programs.
• Complimentary features.
• Acceptance with various merchants and point-of-sale outlets.

You should also consider the different types of credit cards that a financial organisation has to offer. For example, Bajaj Finserv RBL Bank SuperCard has 6 variants that you can choose from- Platinum Choice SuperCard, Platinum Choice First Year Free SuperCard, Platinum Plus SuperCard, Platinum Plus First Year Free SuperCard, World Prime SuperCard and World Plus SuperCard. These different variants come with somewhat different benefits to better suit your unique requirements.




SuperCard brings the features of 4 different cards in one. It is a credit card, cash card, EMI card, and a loan card, packed in a single package. You can enjoy several industry-first features with this card.

Bajaj Finserv also has pre-approved offers for credit cards, personal loans, home loans, business loans, and a range of financial products and services. These offers help you save time by simplifying the process of financing. You only have to provide some necessary details online to check your pre-approved offer.

Collect the necessary documents

After you select a lender, contact them for further information on what you will need to apply for a credit card. You can also check their website to know how to apply for a credit card online. Every financial institution will also have a list of documents they require to approve an application. Here are some of the most common and essential documents.

• Identity proof like passport, driving licence, Voter ID, PAN card, Aadhaar card, etc.
• Address proof. This can include some of the above-mentioned documents and various utility bills including electricity bills, telephone bills, etc.
• Recent passport-sized photograph.

You will have to submit all the required documents at the time of applying for a credit card. A missing paper can void your application.

Online application process

After you meet all credit card eligibility criteria, find a suitable lender who provides with an online application process. Visit their website and fill the application details with the necessary information.

You will have to submit the documents mentioned above. You will get a notification from the lender for updates or follow-ups.

Knowing the status of your application

After your application is accepted, you will find a response on your application and credit card status. These are categorized accordingly –

• Under process – It means that the financial institution is still handling the application.
• Dispatched – After a lender issues a card and sends it to you via post, it will show as dispatched.
• On hold – Any discrepancy in the application process will cause the application to show an on-hold status.

Thanks to the easy to meet credit card eligibility, quick application process, and attractive features and benefits, credit cards are now the preferred mode of cashless transactions in the country. Applying for a credit card is easier. Go ahead with a pending application today.

Author Bio:

Gaurav khanna is an experienced financial advisor, digital marketer and writer who is well known for his ability to predict market trends. You can find Gaurav on Linked