Senior Life Settlement-Uses and Applications

Written by Jon Thomas

Continued from page 1

Qualifying Policies Often Include:

•Joint Survivorship •Whole Life •Universal Life •Variable Life •Group Life •Term Life

A Senior Life Settlement offers consumersrepparttar empowerment to make better financial planning decisions. A case example is quoted here to throw light on how senior life settlement could benefit a life insurance policy holder: Considerrepparttar 149515 case of a seventy-four year old female with a $10 million term policy. The annual premiums in excess of $300,000 no longer fit her financial plan so she planned to letrepparttar 149516 policy lapse. A financial advisor suggested an appraisal, which yielded two options: a $660,000 life settlement of a $3.5 million Settlement With A Paid-Up Policy (SWAPP). Instead of surrenderingrepparttar 149517 policy for no value,repparttar 149518 client choserepparttar 149519 paid-up policy, eliminating her premium payments while addressing her estate planning needs.

In a recently published (March 4, 2005), Bernstein Research Call, an industry-accepted market forecasting tool and indicator to professionals inrepparttar 149520 financial advisor sector, it is stated thatrepparttar 149521 Senior Life Settlement business, an emerging secondary market for life insurance, will grow more than ten-fold to $160 billion overrepparttar 149522 next several years.

Jon Thomas has been involved in finance and insurance, specializing in emerging growth markets since 1979. He continues to write articles concerning the public and their pressing financial concerns.

Building Business Credit

Written by Simon Harris

Continued from page 1

Secondly, you need to borrow or buy products and services from companies that will report your credit history torepparttar major business credit reporting agencies such as Dunn and Bradstreet and Experian. Unlike personal credit ratings or FICO scores; income or better yet income potential, plays a huge roll in business credit scores. The top FICO scores are reserved forrepparttar 149514 large stable businesses. But don’t be discouraged, with a little time, you business FICO will skyrocket!

Next, in order to enterrepparttar 149515 business credit market, you’ll need to do a credit assessment to determine if you comply withrepparttar 149516 lender and credit bureau’s requirements. Then look for businesses that issue credit withoutrepparttar 149517 need for established business or personal credit checks or guarantees. Once you have transacted business with vendors on credit, you can use those references to build your credit profiles withrepparttar 149518 credit reporting agencies.

In many states, there are non-profit organizations and/or government organizations that will help you with setting up business credit. Often there are loans available for start-up businesses or even government grants. Check your state government web sites for such organizations. Many retired owners and businessmen volunteer to help start-up businesses. By researching your options prior to a business start-up; you will not be struggling later with questions. With any luck building your business credit will be a smooth transaction with a huge net profit for you inrepparttar 149519 end!

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