Life Insurance SettlementWritten by Grant Shellhammer
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There are numerous other benefits to policy owners through a life insurance settlement. These include relief of costly premium expenses, higher cash payout than surrender value, cash payout instead of a policy lapse, additional funds for retirement and other endeavors, funds for health related expenses, and other estate and financial planning needs. To sum things up, a life insurance settlement is a strong and beneficial financial tool for senior citizens nationwide. Consumers now have options to receive more money versus previous options of only a cash surrender or policy lapse. With consumer friendly approach of a life insurance settlement, market will continue to grow.
Grant Shellhammer is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro. Contact details: grant@lifesettlementpro.com 1.888.973.8377 http://www.lifesettlementpro.com
| | Home Loans and Mortgages – The Selection Can Be BewilderingWritten by Charles Essmeier
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Convertible mortgages are ARMs that offer buyer an opportunity to “convert” adjustable rate loan to a fixed rate loan after a certain period of time that is spelled out in loan agreement. There is a fee charged for converting mortgage, but fee is typically less than fees associated with refinancing mortgage altogether.
Two Step mortgages offer an initial rate that is lower than rate for fixed-rate mortgages for first few years of loan. After a set period of time, rate increases to a fixed rate. This allows buyers to pay less during early years of their loan, when they may earn less or need extra cash for home furnishings. The disadvantage of this type of loan is that increase in interest rate can be substantial, and may make payments unaffordable for some buyers..
These are just a few of types of loans that are currently available in market. There are probably dozens of variations on ARM loans, and prospective buyers should study their options carefully before agreeing to a loan. Making right choice could save buyers thousands of dollars over life of loan. Making wrong choice could leave buyers with a loan that they cannot afford to pay. A little time spent on research is time well spent.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
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