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The Benefits of an Income Protection Policy

income-protection-insuranceYou may not have heard of income protection policy, but it is one of of useful types of insurance on the market. Income protection policy pay you a monthly income if you are unable to work because of cases accident or sickness.

Advantages of an Income Protection Policy

Useful if you are self-employed
People who are self-employed do not benefit from sick pay like the rest of us, and if they cannot go to work, it can put their business on the line. Income protection policy pay you a monthly income if you are unable to work because of an injury or an illness, giving you financial security to recover fully.

You do not have to rely on benefits
If accident or sickness stops you from being able to earn an income, you will have to rely on savings, your partner’s wage or government Employment and Support Allowance (ESA). ESA can be a lifesaver for many people, but it may not pay enough to maintain your current lifestyle. Income protection can cover around 50-65% of your monthly wage, offering much more support.

You can get coverage until retirement age
Income protection plans such as Income Protection by Life’s Great have the potential to pay out until retirement age if needed. When you take out a policy, you can choose your ‘benefit period’, which is the length of time your insurer will pay you for if you cannot work. Long-term policies will cover you until you can bet back to work or until age 65, whichever is soonest.

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You can cover redundancy
Some income protection policies offer cover for redundancy as well as accident and sickness. While redundancy cover will only pay out for a maximum of 12 months; this can be enough time for you to get back into work. Unemployment coverage often includes free ‘back to work’ schemes which can help you return to a job.

Education of Children
If your youngsters are reliant on you, you won’t have the capacity to instruct them if you can’t work and if you have not taken income protection insurance. It is your ethical obligation to care for all individuals from your family, and being set up for the most exceedingly bad is an insightful thing to do.

The Probability of Injuries or Sickness
Statistics prove that the probability of not having the capacity to work because of an injury or a physical or mental sickness is high. With a specific end goal to guarantee that you and your family can make due amid the period that you can’t work, it is fundamental to take a proper income insurance policy.

How to Choose the Right Real Estate Agent

real-estate-dealsWhether you are looking into buying or selling a home, you will find that a good real estate agent is going to be worth their weight in gold. They will keep things organized for you, let you in on opportunities that you would not have considered and help you keep things in order. However, choosing the right one can be difficult and getting saddled with the wrong one can be detrimental in the extreme! Take a moment to learn more about selecting the right real estate agent and what you need to know.

The first thing that you need to do is to remember that you are looking at a wide field of candidates. Never think that one particular agent or agency has the only line in a particular area. No matter where you are looking, there are going to be several different agents and agencies at work, so make sure that you do your homework and look around. Remember that you are paying for a professional service and the professionals that are out there have different qualifications and experiences. Find out how long they have been in business and remember that when you meet them face to face, you should feel comfortable.

Make sure that the agency that you decide to use is going to be comfortable with the area that you are browsing in. They need to be familiar with the area, and if you are selling, you should make sure that your real estate agent has sold in the general area before. They should be well informed on the area’s benefits and disadvantages, and they should be honest about expressing them. Also remember that no matter what side of the equation you are coming from, your real estate agent should also be a good sales person.

selling-homesRemember that a good real estate agent is someone who is attentive to your needs and considerate of your schedule. When you are interested in moving forward and making sure that you can get the results that you need, you need a real estate agent who is willing to help you get results. How fast do they get back to you, and how promptly do they return your phone calls? Are they willing to communicate in a way that you find it acceptable? Will they guide you if your credit needs fixed prior to getting a mortgage?

Finding the right real estate agent can be a pain, so make sure that you prepare a list of resources that can help you in your search. There are many different types of resources available that can make it much easier for you to find a real estate agent that will help you get the results that you want. This can be an important step for you, so don’t risk getting the wrong service or the wrong professional!

Things To Consider When Buying An Old House

older-houseFrom unique architecture and stunning finishes to the large windows and solid wooden floors, nothing compares to the appeal of an old house. However, when you’re on the market shopping for one, you mustn’t get carried away and start imagining how you’ll place those magnificent Victorian style pieces of furniture. Before you say we buy old houses, close quickly, and it’s a cash offer we recommend contacting a professional appraiser and confirm that your potential future home has everything in order, as otherwise, you’ll spend most of your savings getting it fixed.

Let’s summarize key aspects of an old house that need a careful examination.

1. The foundation of the structure
The very first aspect that you should verify consists of whether or not the flooring is crooked and the best way to perform this test is by dropping a standard marble on the ground. In case the marble quickly rolls away in one direction, that is a clear sign that the floor is not perfectly parallel to the ground, revealing probable foundation sinking problems and weakened joints. At the same time, the concrete foundation should be checked for cracks and fissures. While diagonal/vertical cracks don’t constitute a major predicament – particularly if the upper part has a larger width than the bottom – the straight ones mandate expensive repairs. Lastly, steer clear of foundations constructed on the old post and pier system, because their durability and earthquake protection are poor.

2. The drainage system
More often than not, older structures were not equipped with a foundation drain system. These fixtures have the role of redirecting rain and groundwater from the house, preventing humidity from protruding underneath the foundation. If the basement exhibits mould formations or overall dampness, then you might be dealing with this issue and constructing a drain will involve excavations, large machinery and a lot of labour.

buying-old-home3. The type of paint applied on the walls
You need to ensure that the walls of the house are not covered with lead-based paint because these products were withdrawn from the market more than 30 years ago after researchers discovered the negative impact of the substance on the physical and mental development of young children. And the biggest problem here is that you cannot just apply a different coat of paint without thoroughly removing the former lead-based one, a task that is tough and expensive.

4. Potential asbestos fixtures and components
Similar to lead paint, utilizing asbestos as the construction material has been outlawed about 30 years ago after it was discovered that inhaling particles could lead to severe respiratory conditions. Home components that might include asbestos comprise of:
shingles, insulation (for structures constructed between the 30s and 50s), vinyl floors and the adhesives, pipeline insulation, furnace insulation

5. Underground tanks utilized to store heating oil
Two very probable issues might occur if the heating combustible is stored in an underground tank, namely:

  • Corrosion leading to leakage, contaminating the soils in the proximity of your home
  • Corrosion causing the formation of a sinkhole
  • Even when you replace the house’s heating system with a more feasible solution, an unattended underground fuel tank will eventually form a sinkhole.

How To Check Your Credit Score For Free

Many people are unaware of the difference between a credit score and a credit report. Your credit score is simply a number that’s generated from the information in your credit report or credit reports. Every US Citizen who has established credit has three credit reports. One from Transunion, one from Equifax, and one from Experian. Together these are the three credit bureaus that record and monitor your credit.

whats-your-credit-ratingUnfortunately, many people are unaware that they are entitled by law to receive free access to each one of their credit reports once in every 12 month period. So if you space it out properly, you can check your credit report for free every 4 months or 3 times per year (which can be sufficient to catch any suspicious activity for most people). However, you are only entitled by law to view your credit report for free and not your credit score. Since calculating your credit score requires the use of a sophisticated model, companies charge for you to see it. To check your credit report for free, you can go to annualcreditreport.com which will allow you to set up an account for future access to your reports as well.

How To Check Your Credit Score For Free
So many people search and search for a way to get their credit score for free and either can’t find a solution or end up getting scammed by some company or phishing activity. There are basically two ways to check your FICO number for free. One way is to apply for credit somewhere and request a copy of the score that was generated in order to assess your credit worthiness. In this case, your score is still not free though. The lender investigating your credit doing the due diligence had to pay for it.

poor-credit-ratingsThe Best Way Of Checking Your Credit Score
The other way is easier, faster, and more convenient. You can simply go to one of the major, reputable credit monitoring services online such as creditreport.com and sign up for a free trial. After signing up, log into your new account to get your free credit score and reports. Print everything out for your records and then let the company know that you would like to cancel. It’s that simple. Just make sure that you cancel before the end of your trial period or you’ll get charged the monthly fee. However, if you can afford a few bucks a month, it’s an excellent service to have. I personally have the service and I couldn’t live without it. It’s just too convenient and with all the identity theft going on in the world today, you never know what’s going on with your credit report and how that could be affecting your credit score unless you proactively check on it from time to time.

Also, make sure you sign up with a well known and reputable service that has all the right security mark on their website to prevent yourself from getting ripped off. There are a lot of phishers out their who would love a new identity and a new credit line at your expense!

In 2016, What Is Considered A Good Credit Score?

how-to-get-good-credit-scoreThese days, almost every financial move and decision that people will make involves an evaluation of their current financial history and assessing their current financial ratings. With such emphasis placed on how people should obtain passing ratings where their financial standings are concerned, one should be well aware of what is a good credit score range. Some people may have been left confused and not knowing what to do or how to determine their current financial ratings and are left to wonder what is a good credit score? Considering how most industries require their prospective customers to undergo thorough evaluations where these matters are concerned, one can truly ascertain that almost anything and everything these days depends on how low or high your ratings are.

People need to remember that if they are in the process of getting loans or financial assistance from the various lending firms and financial institutions around, these providers will need to evaluate their credit worthiness. This means determining if they are prospective customers who will have the capability of paying back whatever amounts that will be lent to them if their request is approved.

Some individuals may find it funny how three digits figures can make or ruin their financial ventures. However, it is best that one will take the responsibility of maintaining passing financial ratings if they do not wish to have to be involved in the various hassles that most people who have acquired less than desirable rates are often subjected to. For people who do not have any idea what is a good credit score, these ratings are three digits that are evaluated against common standards. In the United States, people who get rates of six hundred and seventy-eight can get average ratings. People who garner seven hundred and fifty ratings and up are considered excellent, while those who gained six hundred and nineteen points and below are deemed of the poor rate.

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Although most firms do not have any exact standards where the right financial ratings are concerned, most people have determined that you are of a good financial standing if you can get rates that are above seven hundred. However, these figures are bound to change depending on the provider requiring the evaluation as they may have other considerations other than these figures. A poor rating could effect your ability to get a mortgage, get a job, or even start a business.