Sabtu, 18 Mei 2013

LOW QUALIFYING REQUIREMENTS IN PAYDAY LOANS


    The most obvious thing about a payday loan is the low  qualifying requirements. Well, the price for the low qualifying requirements is quite high. We have to deal with a high rate of interest offered by the payday loan online lender.
    Every person has a great chance to take out a payday loan online. Somehow, if you are not eligible for other forms of credit, you can still have an opportunity to take out a payday loan. The requirements are you have to be at least 18 years old, have an active bank account, and a monthly salary. If you fulfill those three requirements, you will be eligible for a payday loan.

Senin, 13 Mei 2013

Types of Whole Life Insurance

It is intended to give coverage for a person’s life, and shell out the lump sum when the policyholder dies. But the whole life insurance is not the same with assurance, since term assurance can only be taken out after a specified amount of years. Provided the policyholder dies within that period, the insurer will need to shell out, and aren’t required to if the policyholder is still alive. However, it guarantees the beneficiaries a cash sum if the policyholder dies.

The policyholder is required to pay premiums during her life or until he reaches a specified age, where premium payments are able to stop but the cover continues. There are 2 types of whole life insurance. First, the maximum cover.  Its initial premium plus the sum insured are assured not to be increased for the initial 10 years. When the initial period is over, the plan will be reviewed. Afterwards, the premiums might be increased. The second type is balanced cover. It is designed to bring balance to the required level of life insurance with adequate investment to sustain how much the policyholder will require in the future. The amount the policyholder is required to pay depends on the insured sum, her age and her overall health.