Monthly Archives: November 2008

Life insurance for women

Most of the women often have the tendency that the financial decisions should be taken by men. There are so many of us who balance our checkbooks, do our monthly budgeting and probably manage the household finances. but if we have to see deep inside, how many of us have been able to build a strong financial foundation for ourselves?

I am working in a financial service industry and I have to review many different portfolios, all belongings to women of varying backgrounds. When I am reviewing anyone’s portfolio, the first thing that I will like to check is whether it is built on a stable foundation, which can always begin with life insurance, a will and a savings plan.

There was one of my clients who came to me to seek financial help after she went through a divorce. She had many adjustments to make but she gave the maximum priority to taking charge of her finance. I reviewed her information and found that she had established a strong college program for her son’s education. She also had a retirement plan in which she added one percent to each month. She did not have any kind of savings or life insurance. Her ex-husband owned the life insurance coverage through his company. I suggested her suitable life insurance according to her situation and assisted her in getting a will drawn up. I also helped her in establishing a savings plan.

In order to make a strong financial portfolio, it is important to have a good life insurance, a healthy savings plan and a legal will and I included these vital elements in my client’s portfolio. A life insurance is a must for everyone because it ensures a good life for your loved ones after you are gone and they don’t have to face any financial difficulties. You might be easily able to afford a 401(k) plan, but without a life insurance, your financial situation is not that much secured for your future.

There are so many women who do not have a life insurance at all. Those who are above 45 years of age won’t even qualify for any kind of insurance coverage. Due to the recent downsized economy, more and more younger women are purchasing more coverage.

A good will decides your rights to dictate how your assets will be handled after your death. A savings plan will definitely give you more protection in the future just in case if something goes wrong with your finances. A good planning will mean a lot to our loved ones. If you have not decided anything yet, its time to do some serious thinking now and rebuild your financial picture.

Home refinance loans

home-loan-refinance

home-loan-refinance

Most of the people happen to be so excited when they get their first mortgage. First time home buyers often fail to understand the entire picture when they got their mortgage loan. It’s only after getting the loan they realize that their monthly payments are too high and they cannot afford paying back. This often leads to foreclosure of a home which can be devastating to credit rating. To save people from such situations, home refinance loan comes into picture.

Home refinance loan is designed for those people who cannot afford to pay back their mortgage loan and need urgent relief. Refinance loan can be a good alternative to foreclosure and bankruptcy and you can regain some ground in your financial situation.

Home refinance loan can help you paying the first mortgage loan. You can pay it at a reduced interest rate and a new mortgage is drawn up. You can get this home mortgage refinance loan at a much decent interest rate that is affordable in your situation.

If you have already done some payments on your first mortgage and are now having difficulties in paying rest of the amount, you can get a home mortgage refinance loan for the amount of money owed plus the equity that is currently built up.

Talk with your lender about the best offers in home refinance loans so that you are able to save more money in interest payments.