Posts tagged mean
What is the mean rate in April to finance a car?
3I am looking into getting a Mini Cooper in about five months, possibly with a 800-dollar bail. What level of funding in April for a car that? Of course I have no idea about buying a car with a response
claudiacake
April is the annual percentage rate. It is how you will pay the cost of the car. You pay a certain percentage of the amount funded each year of the loan until they paid.
what does non-guaranteed cash value mean in life insurance?
6Question : what does non-guaranteed cash value mean in life insurance?
how do they come up with this numbers? and why do agents always push whole life instead of the term? the quote says if for a whole life, $ 100,000 benefit / 30 yr, after 30 yrs the guratanteed is same 100grand, but the NON-guaranteed is gonna be $ 206,000 and the cash value would be 116,000. like i said, how do they come up with this numbers? how? i need numbers.
guaranteed life insurance
Best answer:
Answer by HGCity
Non-Guaranteed cash value has to do with the performance of the company and the market. Assuming the company were to perform as it has been the past “X” number of years and the market continues in the same trend, then the company is assuming the cash values will be $ 116,000 and a $ 206,000 death benefit (assuming that is what you meant by the $ 206,000). Companies develop these numbers by estimating market trends and (if it is a mutually held company) including policyholder dividends. I’m not aware of the exact formula that is used to calculate this, but I know that is how the cash value and increase of death benefit is determined.
To answer your other question “why do agents always push whole life instead of term,” I can’t speculate why an agent told you to buy whole life. Yes it’s true that agents get paid a higher commission, but it is not about how much money your agent makes, it’s about what is good for you. It depends on your current situation and what you are wanting your life insurance to do for you. Whole life policies have become more common in the last year or so because the stock market hasn’t done so well. Some people want whole life as a way of getting a guaranteed return that keeps up with inflation.
In my opinion, whole life is a good option when:
1. You are over 50 and have a significant amount of wealth that you would like to give to your children or grandchildren when you pass away, but don’t want your family to pay estate taxes. (If you fall in this category, I personally feel that whole life is the way to go. Yes, you might be able to find term coverage for cheap, but what happens if you live past your 20 year term policy? Then you will have one heck of a time trying to find a company that will offer term coverage to someone who is 70 and it won’t be cheap!)
2. You are younger and have maximized ALL other forms of retirement savings (ROTH, 401k, etc.). And when I say maximize, I mean that you are contributing the most you can to your ROTH, 401k and any other retirement account. Since most young people are not maximizing their retirement savings, I almost always do not recommend whole life to young people)
There are probably other scenarios I left out, but those two came to mind. I usually recommend term insurance for people who only want insurance protection for a defined period of time. For example, someone in their 20s or early 30s, recently married with small children, a mortgage and trying to save for their child’s education. This is a good example of when term coverage would come into play. Assuming you are 30 and your youngest is 3, you are likely not going to be in the same situation when you are 50, so I recommend term in that scenario.
If you don’t like what your agent is telling you (or you simply don’t want whole life coverage), then tell them. Your agent’s job is to do what is best for you, not them.
Federal Debt Relief – What’s new financial reforms could mean for consumer credit card debt
0many consumers, when faced with a huge debt to try to help resolve a settlement company debt to lease their debts. settlement companies debt have helped to eliminate many of their contributions and consumer debt. But companies in recent years, these institutions began, the requirements are passed on to consumers due to the fact that each consumer with a debt problem, please help. The federal government’s debt in order to protect consumers against unscrupulous real estate company are dubious and fraud. These new laws have adopted the FTC’s debt by the government to protect consumers. In this guide we look at what further reforms might mean for the financial card debt consumer credit.
The politics of debt indicated that all settlement companies should not a deposit payment or advance their clients. Settlement companies are not entitled to demand money in the transaction. The settlement company can not ask his office after the consumer has been successful. These new financial reforms have eliminated the fraudulent activities of some unscrupulous real estate companies and scammers who ask for a deposit before the service have been made deliver to the consumer. Another advantage is that the consumer may cancel, or service the company debt settlement at any time and must be communicated to the consumer all the other information in connection with the transaction. The new laws in favor of consumers and the procedures for the protection of consumers to understand the effectiveness he / she is able to eliminate debt. If the settlement firms do not follow these rules may be fined up to as much as k. Consumers are advised to consider a relief network debt management company renowned for saving are out of their fees and leave without paying rent debt. Debt Relief Network provides all the information you need to know, would eliminate the most of your contributions and reward the best utility. Most of these networks are associated with relief the best company of the institution and help you find a legitimate settlement company in your area. Debt settlement is a way to bankruptcy and is increasingly popular among Americans, with more than k of unsecured debts. Creditors are willing to negotiate. You can literally 50% of the elimination of unsecured debt through a settlement. Visit the links below to help compare legitimate debts in your state.Debt Card Consumer Credit
Consumer Debt Relief Program – What does it mean for the consumer debt
0According to economic survey more than half of the citizens of the United States suffer from the burden of bad loans. The reason is the current recession, is disturbed by the personal income poor. A few years ago, when the income of people well enough they were used unnecessary purchases with credit cards and now they are given the financial crisis. to choose
Many people in recent years, their debts to avoid bankruptcy. This was the creation of a great loss to financial institutions and credit card companies. It was not just what a great loss to financial institutions but also damage to the creditworthiness of individuals. After the bankruptcy, now that people go for other financial assistance from an institution, they are confronted with a refusal, because no financial institution takes the risk of delivering any type of loans to people who are not good credit history.
Because of this problem many Americans have been forced to change their way of disposing of their massive debts. It is true that in this recession, it is very difficult to keep the discount, but it is not impossible to get out of this massive debt. After the introduction of debt repayment programs, changed the trend of massive debt elimination and most people have begun the selection of programs debt. Now, with this settlement programs, it is possible to reduce your debt, either simply as a lump sum or in installments of your choice. How amazing it is to pay any more interest and only pay the original amount.
With the help of debt settlement programs have many people eliminate their already massive amount of debt in two to three years. The debt settlement companies play an important role in this process of negotiations on behalf of the customer. Now, with the legitimate business interests, debt settlement, a consumer can receive a maximum discount on their past due amount and may pay the outstanding amount in installments simple.
I want to say that people need in America to go debt repayment programs, rather than another option for debt elimination.
Debt settlement is a legitimate alternative to bankruptcy. Most people are able to eliminate at least 50% of their unsecured debts, if the process is complete. There are other options for debt relief, so it would be wise to speak to a specialist debt relief. Visit the following link for a free consultation debt:
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“There is a delay in processing your Stimulus payment” What does this mean?
2Question : “There is a delay in processing your Stimulus payment” What does this mean?
I received the letter indicating my payment will be mailed no later than 6/27. I just checked online to confirmed the mailing date and now I get the message noted above. Can anyone help me understand what is going on?. BTW, I did mail an amended return and the CSR stated I would receive my additional refund by 7/26. She never mentioned that it would affect me receiving my stimulus payment. Help!? Like most, I could really use the $ $ right now…
payment processing
Best answer:
Answer by Judy
It’s probably the amendment that’s holding things up. Either that, or something about your return is being questioned.
What does this mean is it good or bad?
1Question : What does this mean is it good or bad?
My husband and I went to a non profit debt management to get our credit
right, and in the paper work I noticed it said….
Housing to Income Ratio:~~~~Gross 149.75% Net 34.23%
Debt to Income Ratio:~~~~Gross 22.79% Net 5.21%
Housing + Debt to Income Ratio:~~~~ Gross 172.55% Net 39.44%
What does this mean and if a Lender Were to look at this
is it where it needs to be in terms of buying a home
Thanks Ahead of Time for Your answers….
non profit debt management
Best answer:
Answer by sassy25
Means you are living beyond your means just with basic necessities.
when it comes to money market mutual funds, what does “7 day eff yield” mean?
0Question : when it comes to money market mutual funds, what does “7 day eff yield” mean?
still confused, if it is 5.00% is that yearly or in seven days?
money market mutual funds
Best answer:
Answer by Arbitrage
Think of it as the interest rate that you are getting assuming reinvestment over those 7 days but it’s presented in an annual form. So, if the interest rates stayed constant for the whole year, then 7 day effective yield is what you would get over 7 days.
If I Open a trade in forex, Does it mean I’m creating a “market order”?
2Question : If I Open a trade in forex, Does it mean I’m creating a “market order”?
I’m a newbie in forex trading, just downloaded a broker platform and doing demo/practice account.
There I see option called “open trade” and also called “create order”. I’m confused that whether in order to open a position shall I click “open trade” or “create order” because what I learned from forex tutorials is that in order to buy or sell instantly, you should create a “market order”, but in my demo practice account trade is opened by just mere clicking on “open trade”, so I wonder what role plays the “create order”
forex tutorial
Best answer:
Answer by LouiKung
If so, you should have classified yourself as a victim get involved the Forex scam as one of the millions of stupid investors in this world with high hope of making money easily by modding your ass in a computer chair. Sooner or later, you will lose all your piggy money bit by bit.
http://search.yahoo.com/search?p=Why%20Hong%20Kong%20forex%20scams%20is%20being%20internationally%20accused?
When credit card companies send you applications in the mail, does that mean you’ll be approved?
9Question : When credit card companies send you applications in the mail, does that mean you’ll be approved?
I recieved 2 credit card applications in the mail for a CitiBank MasterCard. I don’t have any credit at all and I’ve applied for a couple cards and been rejected, so I’m weary about sending in one of these applications because I know it looks bad on your credit to apply for a lot of cards. So are these just an ad or will I really get a card??
i have applied for a dept store card with my visa check card (w. my bank) and been rejected…is there a particular store thats good to apply to? (i applied to Kohls) And I have no credit because I’m 19. The only reason I want credit is to help with school and because I rent an apt by myself.
credit card applications
Best answer:
Answer by Padders
No. The “pre-approved” applications just mean you meet ther criteria at that time. You need to read the fine print. If you don’ earn their minimum requirement, you’ll be rejected regardless of which company sent you the offer.
I suggest you start off with a dept store card like Walmart. That will help you begin to build your credit rating and will give you a credit history.
And if your bank offers a credit card, you might apply through them.
What does “rack up” mean here?
3Question : What does “rack up” mean here?
I wonder what does “racks up” mean in the following sentence:
“”I can show you a client of mine right now who lives in a suburb of Chicago, he’s a doctor, makes $ 350,000 a year, and he routinely racks up $ 25,000 on his credit cards,” says Michael Kalscheur, a financial planner at Castle Wealth Advisors in Indianapolis. ”
If anyone can explain it for me? Many thanks!
financial planner indianapolis
Best answer:
Answer by Erica
It means to accumulate