Role of an insurance broker

November 17, 2013  //  Posted by: Financial advisor  //  Category: Insurance

insurance brokerInsurance agents have an important role in the marketing of insurance policies. Basically are considered as the main representatives of insurers, so a large percentage of insurance policies worldwide, are sold specifically for insurance agents. We define as the main function of an insurance agent to provide all information of a policy as detailed as possible to the customer, as we know there are life insurance, home insurance , car insurance , etc., And therefore is essential to have all the details before making hiring.

These insurance agents will guide the client to get the best deal possible based on your needs , before hiring however , is necessary to prove that it is an insurance agent that this regulated by the Department of Insurance.

Basic functions of the insurance consultant:
• Provide the insured all relevant application forms.
• Send these application forms to the insurance company.
• Client should get medical tests and other formalities relating to the purchase of insurance.
• It also has the function of sending notices of payments and obtains acknowledgments.
• He should be helping with the revival of the insurance policies that have already expired.
• He Supported and advice to the claim for benefits when needed.
• Assist with all kinds of applications that deal with insurance paperwork.
• Assist with the changes that are required within the address and any other relevant information in the policy.

Finally we have to say that most people who require contacting an insurance policy with the insurance company through an insurance agent. These are professionals who also will aim to provide ideas and suggestions on how to avoid or minimize the risks. Therefore, if a person is considering buying insurance of any kind, take the services of an insurance agent can help you have a clearer idea of that which is the most suitable product for your needs. You can find many experts insurance consultant who are able and are part of the full of life health care industry, serving many health insurance companies. With the advancement of technology and insurance companies a virtual portal to showcase their offerings, the role of health insurance agents in have become vital for sales and the best deal.

Financially troubled ones are helped by Payday loans

October 17, 2013  //  Posted by: Financial advisor  //  Category: Personal Finance

Payday loansThe government is showing a new ray of hope for the Payday loan companies by shutting down the payment of the day when they are not working. It is an interesting factor for these companies who were about to lose their existence day by day. The government employees who were experiencing a fixed paycheck even if they bunk office, are getting too much headaches these days with the change in rule.

The main thing that is bothering the government employees these days is the amount of monthly income that will be deducted from their salary, if they take a leave from office. Though they have no fear of losing their position at office but the less amount of paycheck brings a wrinkle on their forehead automatically. This situation will insist the government employees to seek help from the payday loan companies so that they can some extra to meet up the loss.

If you have a good planning for your household and have already made a savings account then that money can help you with the loss that you can incur in your monthly paycheck. But if in case you failed to do so, a payday loan is necessary to run the expenses. Most of the people depend on the paychecks every month and for them it is going to be a very stressful situation without a loan taken.

You can even carry on with your credit card which also has a limit. The credit limit can also fall short to meet up the lifestyle that you usually maintain. The result can ask you to cut down your expenses which in no way easy for you. It is advisable for the affected employees who though are sure of not losing their job, but are taking day off from work and are going to incur a good amount of loss to immediately change their financial plan and opt for a payday loan before it is too late.

Are you looking for a credible tax consultant?

September 22, 2013  //  Posted by: Financial advisor  //  Category: Tax

credible tax consultantAre you looking for credible tax consultant? Tax consultants would be your able guide in more than merely filling out your Income Tax forms. In fact, a good tax consultant will research & explain the complex tax issues to you, make sure that your venture is in complete compliance with pertinent tax obligations & assists in minimizing your tax liability. Hiring a good tax consultant is a complex affair and involves several factors to look for prior to making the final selection. The post here is all about how to select a reliable tax consultant.

First of all, it’s good if you can collect referrals from your relatives and friends who are in contact with tax consultants. If you have no such help available, you have to search yourself online. Make a list of 4-5 consultants and proceed for a comparative study on them. You have to check out on their credentials, market reputation as well as client support.

In regards to credentials, your chosen tax consultant should be backed by a degree in Accountancy or Accounting. Then, he/she should hold State certification as Accountant and as ATP (Accredited Tax Preparer) or ATA (Accredited Tax Advisor). Then, you have to check out his records at BBB. The BBB check will offer a fair idea on the consultant’s reputation in the market and among its clientele. A trustworthy tax consultant should always be backed by a lengthy list of satisfied clientele.

Make sure your chosen consultant is candid to you about the tax regulations which are otherwise perplex for a layman. It’s also important that the tax consultant maintains the “Code of Ethics” stated by NATC (National Association of Tax Consultants) which requires full compliance to all federal and state regulations pertinent to tax preparation. The consultant must be a dynamic personnel who keeps himself/herself abreast about all latest amendments regarding the tax regulations.

Payday loans & how to find a suitable lender for it?

June 26, 2013  //  Posted by: Financial advisor  //  Category: Loans

Payday loans, loanPayday loans come handy in your sudden cash jam when your paycheck is still due. These are very useful short term loans ranging from 100- 1500 USD maximum and area available within 24 hours of application. No credit check is involved here which hurries the loan approval process and applicants with bad credit can get approved for the loan as well.

The only requirements for payday loan approval are minimum 18 years of age, a stable income flow and valid bank account. It’s to note that the interest rates are generally higher here as the loans are available without credit check.
There are several payday lenders around. If you are on the lookout of a suitable payday loan lender, its bets if you can consult an online payday loan lender network. You would have to submit a loan application form to these companies stating your compatible loan requirements and rates. Then, the lender network company would connect you with a suitable lender matching up with your preferences.

Things to look out before getting a home loan

June 11, 2013  //  Posted by: Financial advisor  //  Category: Loans

home loanEvery person has a dream of having a personal home. With the tough economic conditions it is pretty tough to fulfill this dream without some help financially. There are many companies that are ready to help you fulfill your dream by providing you a home loan. There are many home loans that are at offer and deciding on the correct one can be a difficult task. With so many options you need to focus on certain things before going for a home loan. Here is the list of what you should keep a check on while taking up a home loan.

  • Make sure that you go through the terms of loan. This will let you know exactly about the hidden costs in the loan.
  • Find out the best loan that offers you the loan at a very low interest.
  • There are different companies that offer the home loan without even asking for a guarantee.

Before taking up a loan you can search for your options to find out the most suited loan.

Tips on maintaining a good credit report

June 02, 2013  //  Posted by: Financial advisor  //  Category: Credit

A good credit report is one of the most essential things to maintain in life. A credit report is essential as this report allows you to take a loan easily. So it is very essential to maintain a good credit report. Here are some tips that would be fruitful for you to maintain a good credit report.

• You must know about your card well before you use it. These cards are meant to earn some money for the issuing company hence you must have all the details of the card you are using.
• You must sure to note down the dates on which you will have to pay off the credit amount. This is so because a late fee is added once you fail to pay off the credit in the issued date.
• One must use the credit cards in a well defined limit as high usage will raise the interest rates.
• Pay off the credited amount completely and not just the minimum amount stated in the monthly statement. This minimum amount later becomes tough to be managed.
So follow the above stated steps to ensure that you always have a good credit report.

What is enterprise investment scheme?

May 02, 2013  //  Posted by: Financial advisor  //  Category: Financial Manangement

enterprise investment schemeMany companies that have an actually good impact and go by the values and concerns of the government are provided with the offer of having enterprise investment schemes. These schemes are basically a specialized investment scheme for people willing to invest on such companies. Many of these companies are new to the market and do not get much investments. Most investors are not sure of the progress of that company. But the company needs investment and the functioning of the company is imperative to the government. Thus investors are lured to invest in such companies via the enterprise investment scheme which provide the investors to escape a large portion of their taxes.

There are quite a few companies that have been granted the enterprise investment scheme. These are granted on the basis of incentives they provide. Such as a company that provides with functioning parts for renewable heat through biomass or some such eco friendly method. This company is then granted with EIS tax reliefs for its investors and makes it more lucrative for them to invest in such a company.

An account on payday loans

April 13, 2013  //  Posted by: Financial advisor  //  Category: Loans

An account on payday loansPayday loans are short term loans that are given for a brief period of time say 14-30 days but just within 24 hours. These loans generally range from 100-1000 USD and are meant for your sudden short term expenses like emergency car repair or some urgent medical tests. Here is a brief account on the payday loans.

It just takes a few basic requirements to apply for payday loan. The loan seeker must be an adult here with a valid identity proof, stable source of income and an active bank account where the loan would be transferred. There would be no credit record checking in payday loans and if you meet up with basic requirements, your loan would be sent to your bank account within a day only.

Just remember to payback the payday loans on time as these loans come with great interest rates and can get burdensome with pricey penalties on late repayment.

Is it possible to avail loans despite bad credit?

March 19, 2013  //  Posted by: Financial advisor  //  Category: Bad Credit

Loans, bad creditAre you in desperate need of money and seeking a loan but the bad credit history is posing as a giant threat on the way? Well, here is good news for you. Today, people with bad credit can avail loans instead of facing rejection. Bad credit loans are introduced to help people without a good credit record in their worst financial situations.

You can apply for the bad credit loan online only. You will need to fill up the form and specify all the income and account details. The time of approval of loan is also very less and once you successfully apply for it, be sure to get the money soon. The money will be transferred to your account. If you have collateral, you can apply for the secured loan otherwise the unsecured loan option is still there for you.

You will have to may repayments on a regular basis to improve your credit history. You must go through the options provided by various online lending companies and the one that is best for you.

Tips on stock trading

February 26, 2013  //  Posted by: Financial advisor  //  Category: Trading Tips

 stock trading, trading tipsAre you interested in stock trading lately but is in need of credible suggestions? Well, the article here provides some necessary tips to assist in your stock venture.

First of all, you have to have a solid knowledge on stock trading, the various strategies and terminologies involved with the trade. You can talk to seasoned stock traders around, read books or posts on stock trading or else find out a seasoned and credible broker who will fill you with prospective trading advice. You also have to learn about money management and market analysis. In case it seems that the stock market is not performing in the expected way on some given day, don’t hesitate to come out.

Besides, check out for the websites that allow for mock stock trading where you can have a good practice of the trade before venturing out with your own hard earned money. Lastly, remember you have to stay patient here because no body can become a stock trader within a few days.