By Dennis Jarvis

If you look through a term life brochure, you’re likely to see the term modal factor. It’s one of those life insurance terms that is perplexing and sounds like it comes from a science fiction movie. It’s important to understand the term however since it can affect how much you pay for life insurance. Let’s take a quick look at modal factors.

Depending on the life insurance company, you typically have various options on how you can pay your life insurance premium and we’re not just talking about auto-deduction, credit card, or standard billing. You also have options on how often during a year you will pay your premium. When you run your term life insurance quote, the rates normally reflected there assume you are paying your premium on an annual basis. You may have options to pay the premium over shorter durations such as monthly, quarterly, bi-annually, etc. This is what dictates the modal factor.

The modal factor is usually a percentage. For example, it may look something like this:

Semi-annual = .51 (8.2% APR)

Quarterly = .26 (10.8% APR) Monthly = .0875 (10.8% APR) Pre-arranged withdrawals only)

This essentially means that you will pay more per year if you pay at a smaller installment than annually. Let’s take an example. Let’s say your annual premium is $1000 (to make it easy). If you choose to pay semi-annually (every 6 months), then we would apply 51% of the $1000 annual charge. In this case, you would pay $510 twice during the year. This means you are paying a total of $1020 for the year for an additional premium of $20. This modal factor is essentially a 2% penalty for paying twice a year instead of annually. The penalty goes up for shorter durations. Taking our same example of $1000 annual premium, if we pay quarterly, then we would pay a 4% penalty (26%+26%+26%+26%). In this case, we are paying an additional $40 on the $1000 premium. The penalty for monthly is steeper. If we multiply the .0875 modal factor by 12, it amounts to a 5% extra premium. That means, we are paying $1050 versus the annual premium of $1000. Of course these shorter durations are not only easier on the pocketbook but can be more convenient when paid with automatic withdrawals or credit card debits. Why do you have to pay more via these modal factors for life insurance?

Keep in mind that life insurance is a pre-paid policy which means you are paying now for the next year (or quarter or 6 month depending on payment schedule). A big part of how a life insurance company functions is to take the premium now and invest part of it to offset future claim payments. The modal factors simply reflect the loss of income from investment that the carrier forgoes by premium not being received. For example, if you pay $1000 up front, the carrier can invest part of this to make an additional 4% conservative. If you pay twice a year, the carrier can only invest $500 for the first 6 months. To offset the 6 months investment income on the second payment, they charge you the modal factor. The monthly payment cycle means that they can only invest 1/12th of the premium amount for the first months and 2/12ths in month 2 etc. This figures into the 5% penalty in our example above.

Ultimately, it’s up to you and your comfort level. If you can financially manage it, you will pay less by paying the annual amount. You need to weigh this savings versus the convenience and budgeting ease of paying smaller amounts more frequently.

About the Author: Dennis Jarvis is a licensed insurance agent concentrating on on finding the best term life quote. Shop, compare, and instantly quote multiple carriers with professional guidance and resources.

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Submitted by: Abhinav Immigration

Several professionals aspire to immigrate to the Maple leaf country to cash on the chances of enhancing their career. CIC has offered a wonderful opportunity to professionals such as 0111 Financial Managers to relocate to this country through there federal skilled migration scheme, the FSW. This scheme does not only provide them with a chance gain to their location of dreams but it also extends permanent residence to the selected people.

The permanent residential permit grants an unimpeded permission to the visa bearers to reside permanently in the country. You also enjoy an unrivalled freedom to choose employment as per your wish and convenience. The biggest advantage offered by this scheme is that the applicants do not need to obtain a pre arranged full time employment and moreover, you also get a chance to file for the Canadian nationality.

The recent trends in Canadian industry indicate that the downward trend in the generation of employment opportunities for 0111 – Financial Managers In Canada has weakened owing the resurgence of economy in recent years and it is expected this upward trend would continue to persist for some years to come. Currently over 45% of the gross work force in this trade code is nearing 50 years. This fact makes it imperative for the authorities to look for viable alternatives. As per the official estimates, in near future, the generation of employment in this code would result from

Retirement of aging people or promotion to the next and higher levels

Creation of fresh venues in the expanding scope of this code as the services of these managers is not only used in the finance sector but all the companies involved in commercial business, i.e. These people find employment in financial and accounting departments in firms across the private and government sectors.

The compensation package of these finance professionals at managerial level is quite handsome, i.e.

The fresh entrants with 0-5 years of exposure are obtaining, i.e. Entry level – $ 69000 per yea

The moderately experienced people with 5-10 years of exposure earn $ 81000 per yea

People with exposure with over 20 years earn astronomical amounts of salaries, i.e. $ 78000 per annum.

A typical list of obligations of Financial Managers In Canada includes

Planning, regulating, arranging, assessing and regulating the operations of financial and accounting departments.

Working to boost and enhance and applying the standard financial practices and processes of the companies.

Establishing performance parameters and organizing and preparing a range of financial reports for higher management.

Eligibility parameters for Finance professionals at managerial level:

To qualify as 0111 Financial Managers for Citizenship And Immigration Canada run federal skilled immigrant program, you need to be

At least a graduate in economics, business administration or commerce in a specified domain

Holding a post graduation degree in either in business administration or other masters level management program is highly desirable.

A relevant practical exposure is deemed mandatory in auditing, accounting, financial planning, budgeting and analysis or other financial actions.

We would suggest that you hire some expert Canada Immigration Services because you also need to obtain a positive skills assessment report from a designated credential assessment authority and also write an approved language test to evidence your linguistic skills as being at par with at least CLB / NCLC 7. Furthermore, in the present context, you must make it fast as FSW is due to close in December 2014.

Remember, programs like the FSW may never appear again and the applicability of new scheme is yet not clear so hurry up and prepare.

Professionals in finance willing to shift and settle down in Maple leaf country should avail Citizenship And Immigration Canada Services To 0111 Financial Managers. The resurgence of economy in recent years has fuelled an upward trend in financial sector and this trend is expected to persist for some years to come.

About the Author: Professionals in finance willing to shift and settle down in Maple leaf country should avail Citizenship And Immigration Canada Services To 0111 Financial Managers. The resurgence of economy in recent years has fuelled an upward trend in financial sector and this trend is expected to persist for some years to come.

immigration.net.in/2014/04/04/utilize-citizenship-and-immigration-canada-services-for-hassle-free-beautiful-experience/

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By Dustin Heath Cannon

To work a business opportunity from home that has the potential to not only earn you enough money to meet all of your financial obligations but that might actually become something bigger is the dream of many a first time franchisee. The problem with franchises by and large is the fact that the initial investment is staggering, and more often than not you will need to furnish a storefront, hire employees, and get up to speed on inventories and other merchant duties before you even open your door to the general public. Even those who have the money to invest in a franchise of this kind hesitate simply because of the seemingly overwhelming tasks that must be braved right away. There is little time to get to know the business, get your feet wet, and gradually increase your comfort level.

Fortunately, this does not hold true of all franchises and if you are considering the step of searching for a business opportunity from home which has the potential to grow exponentially with your experience as well as your comfort level, interior decorating may be the way to go. The reason that this business opportunity lends itself to successful work from home practice as well as franchise potential rests solely in the fact that it relies heavily on the person to person contact that is generally made in the customer’s home; there you can shine and will quickly find out if you have what it takes to pursue this line of work.

To take your interior decorating franchise business opportunity from home to the big leagues, you will need to have an intuitive panache for colors, shapes, fashion trends, and the ability to make something beautiful out of something that might look a bit rough around the edges. Being stylish can be taught, but having an eye for color and the ability to pick out bits and pieces from a hodge podge of mismatched decorations and showing a client how to find better combinations and add certain fabrics or colors to make a room work is not something that can be taught. While product knowledge and understanding of interior decorating is easily retained through a few courses, the confidence to walk into a customer’s house and survey the area and then find a positive, upbeat, and respectful way to not only challenge the home owner’s decorating acumen but also move the customer to joyfully follow your suggestions and purchase products you suggest takes an authority that does not come from book learning.

If you have what it takes to become an interior decorating franchisee, there are a number of nationwide businesses that work with local franchisees to sell their products. Generally speaking, you will need about $50,000 in capital for start up costs as well as initial inventory maintenance. In addition to the foregoing, you will need to purchase or lease a commercial van or large SUV so that you can transport the displays to the customers’ homes. While these expenditures may seem prohibitive to the uninitiated, they are considerably less when compared to other franchise opportunities. Add to this the fact that you will not have to worry about the labor side of a franchise location or the legalities of obtaining licenses, permits, and inspections that many a facility oriented franchise business perforce requires, this business opportunity from home to big leagues is an easy transition indeed.

About the Author: Dustin Cannon, of Next Level Enterprises, LLC is a successful Internet marketer working with top leaders in the home business and Internet marketing industry. For more information visit:

Start Your Own Home Business Now

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Submitted by: Tyler Reese

Personal wedding vows are usually written from a root of ones faith. For most couples it is a commitment of body and soul and it means marrying the whole person, past and present, and of course in almost every case, that persons family as well. Therefore, making the wedding vows reflect a couples deep commitment to each other and the life they will build together is the basis of these promises.

Choosing wedding vows in utmost faith

Many couples prefer to vow to their future life partner in the name of God and church. Many faiths are closely related to or considered to be Christian and each individual branch may have somewhat different wording to their particular vows depending on customs and traditions. The vows may therefore depend on what is common practice in each church and may take on the form of the specific manner in which the church conducts their services.

Jewish wedding vows are commonly given when the rings are exchanged. The focus of the vow is a commitment to be wed to that person by the laws of Moses and Israel.

For Muslims, wedding vows are more of a contract between two families, which state the conditions desired and expected by each family and a commitment to uphold those conditions in the name of Allah.

Buddhist wedding vows give the two people an opportunity to voice their love, dedication, and future hopes for their lives together with respect given to their shared religious beliefs. Their use of meditation and contemplation to make their lives and marriage stronger is an important part of their vows to one another.

Non-denominational vows will hit many of the traditional points of commitment between two people, omitting the direct mention of God or a higher power in any form. People being married by judge or justice of the peace may prefer to use non-denominational vows if religion is unimportant to them. Sometimes two people have come together from completely different faiths and therefore choose this type of vow to eliminate any conflicting areas, where they would then prefer neither religion was the focus of their ceremony.

Wedding vows are a personal choice. The bride and groom can choose traditional vows of their faith, write their own, or allow their religious leader to choose the vows.

A wedding day represents a joining of two people in their choice to become life long partners and so much of this special day reflects who the couples are and what their future together will hold. In addition to this is the promise of love, honor, and appreciation of each other for the rest of their lives.

Wedding vows can sometimes be so impersonal. So much goes into planning the engagement and the wedding and yet so many couples forget that the true meaning, no matter what religious faith you practice, is about your commitment to one another. Wedding vows, whether rooted in faith in religion or rooted in the faith of each other should be written and proclaimed from the heart.

About the Author: Tyler Reese writes articles, reviews and topical tidbits for

weddingplanningbliss.com

. To find out more about

wedding vows

and general

wedding planning

secrets go to

weddingplanningbliss.com

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byAlma Abell

It helps to be released from jail quickly so you discuss your case with an attorney and you can be with your family while the charges against you are being processed. Bail will be set when you are arraigned, and it may help to have an attorney already retained so he can represent you at the bail hearing which happens quickly. Many attorneys are able to get the bail set at a lower amount than the prosecutor is asking for.

Of course, if bail is set you must post the total amount of the bail bond with the court, or have a bail bondsman do it. The bail bondsman will charge a fee which is established by Georgia law. Usually a co-signer is required to guarantee your appearance in court. The bail bondsman can act quickly to get the bail bond posted, but the fee for the bail bond must be paid before it is posted. Of course, you cannot leave the jail until the bail bond has been paid.

The amount of the bail bond is set by the court, usually by a magistrate or a judge. The prosecutor will ask for the amount of the bail bond, and the court officer has to approve it. The bail bond can be very high without an attorney present to argue for a lower amount.

The Rome Bail Bondsman Service is familiar with the bail bond requirements in Bartow and Calhoun counties in Georgia and some cities in Alabama. Each county has different procedures, but a bonding process has been established by to handle every process efficiently and with as little delay as possible. Of course, the amount of time before you are released is dependent on each jail’s processing procedures. An attorney might help expedite your release once the bail bond has been paid.

The bail bondsman offers payment plans to help with the payment of the bail bond. The preferred method is the PayPal system which transmits money 24 hours a day. There are other methods, but they will not secure the release of the person in jail nearly as fast. Of course, the bail bond fee can be paid in cash by a relative or a friend.

Submitted by: Randal Souza

Financial debt settlement is 1 of the finest ways to get debt relief. In buy to have settlement function for you, however, it’s crucial to uncover the very best debt settlement firm. If you discover the right business, they will function with you, and be in a position to support you get out of credit card debt. This is quite essential, due to the fact settlement is typically hard by yourself. Right here are some of the characteristics of a excellent credit card debt settlement business:one. Reputation – The most crucial top quality for the very best debt settlement organization to have is popularity. They want to be properly known in the business, and have contacts in different lending firms. This way, they’ll be in a position to function out a settlement offer quickly and effortlessly with your financial institution. A excellent business will be employed to working out offers, and quite efficient at performing so.2. Good Communication – A settlement organization should be in frequent communication with you. They should often be wanting to know details about your history, and asking you about your existing circumstance. You ought to also sense comfortable asking them how the settlement is going. They ought to be effortless to perform with, and ready to listen to you.3. Work Ethic – One more high quality the greatest credit card debt settlement business will have is a excellent perform ethic. Since credit card debt relief is so important, they need to be continually operating to get you the greatest doable deal. Given that the debt business has inflated so a lot in the previous handful of many years, there are several settlement firms that are unreliable, and don’t perform for you. These ought to be avoided. Debt can be extremely stressful, and in some instances, can imply foreclosure, or other monetary setbacks. Due to the fact it really is this sort of a pressing problem, the settlement business ought to constantly be doingwork to get the finest settlement offer doable. Financial debt settlement is 1 of the finest ways to get debt relief. In buy to have settlement function for you, however, it’s crucial to uncover the very best debt settlement firm. If you discover the right business, they will function with you, and be in a position to support you get out of credit card debt. This is quite essential, due to the fact settlement is typically hard by yourself. Right here are some of the characteristics of a excellent credit card debt settlement business:one. Reputation – The most crucial top quality for the very best debt settlement organization to have is popularity. They want to be properly known in the business, and have contacts in different lending firms. This way, they’ll be in a position to function out a settlement offer quickly and effortlessly with your financial institution. A excellent business will be employed to working out offers, and quite efficient at performing so.2. Good Communication – A settlement organization should be in frequent communication with you. They should often be wanting to know details about your history, and asking you about your existing circumstance. You ought to also sense comfortable asking them how the settlement is going. They ought to be effortless to perform with, and ready to listen to you.3. Work Ethic – One more high quality the greatest credit card debt settlement business will have is a excellent perform ethic. Since credit card debt relief is so important, they need to be continually operating to get you the greatest doable deal. Given that the debt business has inflated so a lot in the previous handful of many years, there are several settlement firms that are unreliable, and don’t perform for you. These ought to be avoided. Debt can be extremely stressful, and in some instances, can imply foreclosure, or other monetary setbacks. Due to the fact it really is this sort of a pressing problem, the settlement business ought to constantly be doing work to get the finest settlement offer doable.

About the Author: Best Debt Settlement Companie

accrediteddebtrelief.com/

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By Troy Charles G. Burton

The recent economic hardship that hit the world market worldwide is damaging. It is said to be the caused by filing up of unmanageable debts that brought down even multinational giants. People from all walks of life are also gripping to the economic blows that they too are having hard time to manage their debts. However, worry no more, since there are a lot of possibilities on how to manage, and then eventually pay off you debts.

One such great way of controlling debt is through debt consolidation counseling. It is by far one of the most practical ideas that are guaranteed to work. First, you have to be counseled regarding on your financial status which will give you a bird’s eye view in solving your financial woes. This is all about setting priorities to which your money should be allocated. Yes, you may have stable income and good credit rating but if you can’t control your spending, soon you will have hard times to paying off your debts.

The counseling meeting kicks off by teaching you to be prudent. So that you can discerned and know the difference between wants and needs. It will help you not to be swallowed in debts. In fact, it will help you reduce your spending, and focus to your financial priorities. Hence, you now have reasons not to heavily depend on your credit cards, thus avoiding further financial drawbacks.

On the other hand, another useful idea is through debt consolidation online. Since it is online you need not to go out and you can save time and money. You are in the comforts of your home. Yet still have the luxury to choose which amongst the online financial advisor you would love to seek help. Imagine how that works. It will really provide you more freedom to choose which will be of great advantage especially if you are busy tending your business or job.

You don’t have to wait and waste your time queuing just to make an appointment. Moreover, by seeking online help definitely it will surely help you compare what deal is good for you. Also, most online consolidators are making their applications updated and user-friendly to entice more people to sign up. Indeed, it can save up your precious time and money.

To maintained stable after tying to debt consolidation companies, there are factors you need to consider; such as holding tight your wallet, do not spend too much to one thing and you are not sure if you are earning in return. Other factor is to liquidate regularly your expenses, this will keeping track even a single penny from your wallet.

The most important thing to be remembered, if planning to consolidate your debts do not rush your decision without checking the reputation and the services rendered by the debt consolidation companies that you are working with.

Hence, your fate depends on how you draw it at the beginning. Even if you started with the worse figure, you have all the right to change the path and re-route your direction for you to reach your desire ending.

About the Author: Troy Charles G. Burton is a financial analyst who enjoys writing about

debt consolidation online

and

consolidation credit counseling

as well as other financial services.

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By Hilary M Bowman

Bad credit can be a stigma that follows you from lender to lender when you try to borrow money. But there are lenders who specialize in financing for those with less than ideal credit scores and imperfect credit files. These lenders are known throughout the industry for giving those with tarnished credit a chance to reclaim their good names, and get the credit that they need to rebuild their credit files.

There are as many reasons that you might have bad credit as there are stars in the sky – but these lenders overlook your previous credit performance and move on to getting you the money that you need. Although these creditors will check your credit history to see how you have performed with other lenders, but your credit score will not be the only factor in their decision to loan you money.

Money For Any Purpose

You can easily get a personal loan for up to $10,000 regardless of your credit history. That is money that you can use right now to pay for things you need, such as remodeling your home, renovating your basement, taking a vacation, buying a used vehicle, paying for a wedding or other event, or even paying for education for your children or yourself. Some borrowers of bad credit personal loans use their loan proceeds to pay down other debt or consolidate the debt they have. Whatever your purpose, there is a bad credit personal loan waiting for you.

Securing Your Personal Loan For Bad Credit

You will be asked, in most cases, to place security against the money that is loaned to you. This is simply collateral, usually found in the form of an item of value, such as your home or other real estate that you have a deed to. The lender will place a lien on your collateral that will be removed as soon as you have repaid the principle (plus interest) of your personal loan for bad credit. Keep in mind that although this would not be a second mortgage, your new lender can still foreclose upon your property if you default on your bad credit personal loan.

Reducing Your Interest Even More

You can easily reduce the amount of interest that you are required to pay on your bad credit personal loan by having a cosigner. A cosigner is someone who has better credit than you do and agrees to sign with you on the bad credit personal loan application. Your cosigner agrees to make the payments on your bad credit personal loan if you fail to do so. After just a year or so of payments, your cosigner can, in some instances, be released from liability to repay on your behalf.

Online lenders are a great source to find bad credit personal loans. There is so much competition between lenders online – and this translates to savings for you. In addition, you can apply for your bad credit personal loan from the comfort of your home or office anytime of the day or night for your convenience.

About the Author: Hilary Bowman is the author of this article. She works successfully as a financial advisor with years of expertise on

Unsecured Loans

. Hilary publishes informative articles about

loans for bad credit

, no credit check loans, personal loans, student loans and other financial topics at http://www.fastguaranteedloans.com

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By Dometri Quick

Worried about securing your financial freedom? Invest now — even if you have credit card debt.

Create a Plan for Yourself

Regardless of whether you have a ton of credit card debt or just a little, chances are you’re interested in investing in your financial future. Credit card debt can be a burden for the millions of Americans who invest money every year. But it doesn’t have to be.

The simple solution is to create a plan for yourself. Budget your monthly income and expenses out today and find out how much money you could be investing for yourself every year. It doesn’t have to be much. If you consistently set aside funds each month, your invested amount will multiply faster than you think.

Sure, you would probably prefer to invest as much as possible, but you need to create a plan that works for you. Sit down and figure out exactly how much you owe in credit card debt and how that will affect your plans to invest money elsewhere.

Never think that just because you have credit card debt, you cannot invest. Rather, it just requires a little more planning on your part to get the job done. Effective investing begins by getting in the habit of regularly setting aside money.

Don’t Neglect Your Debt

Before you invest a dime elsewhere, remember that credit card debt is something you cannot handle lightly. In fact, investing thousands of dollars may not help you at all if you’re hurting yourself with debt elsewhere.

Don’t forget about your debt. Be sure to make your monthly payments on time and leave yourself enough money every month to pay down your debt — not just make minimum payments. By doing so, you’ll be both investing in your future and investing in your present.

Credit card debt can be the source of many problems — ranging from the slight headache you may get every month worrying about your debt to more serious issues such as bankruptcy. Be careful not to overlook your debt at any time and stay on top of it every month. You’ll be glad you did when it comes time to reap the benefits of your investments elsewhere.

Keep Your Priorities in Order

Aside from both your investments and your credit card debt, you need to make sure you budget enough money every month to live the way you deserve to live.

Remember, investing is important, but you shouldn’t place everyday necessities such as food, clothing and shelter below your investments or your debt. Find out how to balance all of your priorities in life. If you need help, consult a trained debt advisor. You can find many valuable resources online or just by asking your friends and family.

Why wait another day to begin creating your ideal financial future? For another perspective, speak with a financial advisor for more tips on creating a financial plan that allows you to invest, pay off your debt, and live a healthy and happy life.

About the Author: Dometri Quick is the development director at DebtConsolidationSupport.com. You can find more articles for helping you eliminate credit card debt at debtconsolidationsupport.com.

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