Posts Tagged ‘Life’

Why the American Golden Eagle Gold Coin is Timeless

April 19th, 2011

 

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I have been collecting coins all my life. I admired all the different designs over the years and enjoyed the esteem of my investment money. Over the past 10 years the U.S. Mint has created truly unique coins. The fifty state quarters are among the largest projects and have only gotten better with the release of the last batch for 2009. American Samoa is the best quarter in my opinion. The Mint has also released a wonderful range of 5 cents this year. They are all well designed and very unique. While all of these are beautifully designed and unique coins, none of them compared to the dollar Golden Eagle.

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Augustus Saint-Gauden is one of the designers more money. The performance side of the lady liberty is really great things in America. The olive branch in her left hand is the peaceful nature of our country. The torch in his right hand is the light that we lead the world with her hair down and show our constant desire to keep exploration. The other side of the Golden Eagle was sculpted by Miley Busiek, and shows a flying eagle in its nest, which is the absolute freedom that we enjoy as Americans. Finally, the coin is made of gold, representing our great wealth of a nation.

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Although the most recent coins are much more diverse in their representations, no other currency compares to my mind the greatness from the American Golden Eagle. This is probably why it is one of the most sought after investment gold coins.

 

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Some Lesser Known Types Of Insurance

March 9th, 2011

umbrella insurance 300x225 Some Lesser Known Types Of InsuranceThe common and most popular insurance are home, auto and mortgage. There are also lesser known types of cover such as universal-life, variable universal-life and umbrella among others.

Universal-life cover is the same as whole life where a person contributes premiums and names a death benefit. This however is different from whole life in the sense that, a person can choose to change the rate of premiums and also rename a beneficiary. This policy puts up a cash value whereby a person contributing premiums can withdraw an excess amount of money later for personal use.

Variable-life is one unique type of insurance. Part of the policy is put into investment and this can be a good or a bad thing depending with the economy. If the investment increases, the death benefit will also increase but if there’s a loss in investments, the death benefit will decrease consistently.

Variable universal-life is a combination of variable and universal life insurance. A person has the right to change the amount of premium contributed each month and rename the beneficiary. This policy allows the company to use part of the contribution in investments and the same profit and loss sharing applies as in variable life.

With term life, a person can purchase cover for a short period of time for example from 1-30 years. This policy does not build up a cash value and because it is temporary; it is cheaper than permanent policy.

Umbrella cover is not popular among many individuals or companies. This all areas that other cover policies do not cover. Auto cover and home cover risks that can be investigated.

Umbrella insurance covers all what cannot be expected after home and auto cover have failed. The premiums for this cover are paid yearly and this is in addition to the other cover: auto and home cover. An example where umbrella insurance will benefit a person is when there has been a car accident and the court has ruled in favor of the other driver. This means that the driver who has to compensate for the accident needs to pay a lot of money and using the auto insurance cannot add up to the required value. The extra cash for paying the full compensation will come from umbrella insurance. A car that has been insured against collision alone will not benefit from insurance if a tree or people damage the car while rioting. The umbrella insurance will cover all these risks and including theft.

» Read more: Some Lesser Known Types Of Insurance

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A Walk Down the History of Insurance

March 1st, 2011

egyptian 300x229 A Walk Down the History of InsuranceStudies have shown that the idea of cover dates back to ancient times. It is known, for example, that the ancient Egyptians insured cargo shipped from one destination to another. The basic idea of cover is to guard against, or protect against, monetary loss of a product or object. The potential loss could occur during transit, or while stationary. The cost of this insurance is governed by time, the replacement value of the product, and the risk factor the product is exposed to. The risk of loss is greater, for example, in the ocean shipment of a product than it is by local land shipment. People have bought insurance against loss on almost every item imaginable. There are items that are uninsurable, but they are hard to find. Many cover Cos. specialize in “hard to insure items”. Lloyds of London is a famous example of a Co. that will supposedly write an insurance policy on anything! The cost of exotic or hard to replace items can be extremely high. It depends on the item, its uniqueness, and what it would cost to replace it, if it can be replaced. So, cover should be viewed and divided into categories.

Life cover is insuring against the loss of life. The cost of life insurance depends on the age of the person. How much longer will they live? The physical condition of the person. Do they have a terminal illness? And so forth. Life cover is also divided into categories. For example whole life, term, etc.

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Banks Vs Insurance Companies

February 6th, 2011

images Banks Vs Insurance CompaniesPeople around the globe are asking themselves if they should put their money into banks or insurance companies. In a global economy, banks have institutions all over the world just like insurance companies. Banks share information and process loans, lend cash, make deals, and keep the flow of money moving faster than ever before. Insurance companies on the other hand, tend to be more conservative with their investments. Here are some of the differences.

Bank Pros:

One of the nice things about putting money with your bank is that they probably have a local branch for you to drive or walk to. It is easy to process your deposits, get cash, and to get a loan for a vehicle or a home. If you buy a certificate of deposit, you can simply drive down to your local branch and talk to a live person who will assist you with new products and rates. Banks now are taking their business online and you can process many of the same features as your local branch from the comfort of your home. Banks in the United States are covered up to $250,000 by the FDIC.

Bank Cons:

One does not have to look very hard to see the cons in the banking system. The 1920′s crash, the Savings and Loans Crisis, and the 2008 Market Crash are due to Banks, Wall Street insiders, and Government not looking out for the people. These crashes were due to one thing, “Greed.” Ever heard of the phrase “To Big to Fail?” Banks can also leverage money. If you give them $1, they can loan out $30 or more.

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