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How to View Life Insurance As An Investment Tool

A lot of people have been approached about using life insurance as an investment tool. Do you believe that life insurance is an asset or a liability? I will discuss life insurance which I think is one of the best ways to protect your family. Do you buy term insurance or permanent insurance is the main question that people should consider?

Many people choose term insurance because it is the cheapest and provides the most coverage for a stated period of time such as 5, 10, 15, 20 or 30 years. People are living longer so term insurance may not always be the best investment for everyone. If a person selects the 30 year term option they have the longest period of coverage but that would not be the best for a person in their 20′s because if a 25 year old selects the 30 year term policy then at age 55 the term would end. When the person who is 55 years old and is still in great health but still needs life insurance the cost of insurance for a 55 year old can get extremely expensive. Do you buy term and invest the difference? If you are a disciplined investor this could work for you but is it the best way to pass assets to your heirs tax free? If a person dies during the 30 year term period then the beneficiaries would get the face amount tax free. If your investments other than life insurance are passed to beneficiaries, in most cases, the investments will not pass tax free to the beneficiaries. Term insurance is considered temporary insurance and can be beneficial when a person is starting out life. Many term policies have a conversion to a permanent policy if the insured feels the need in the near future,

The next type of policy is whole life insurance. As the policy states it is good for your whole life usually until age 100. This type of policy is being phased out of many life insurance companies. The whole life insurance policy is called permanent life insurance because as long as the premiums are paid the insured will have life insurance until age 100. These policies are the highest priced life insurance policies but they have a guaranteed cash values. When the whole life policy accumulates over time it builds cash value that can be borrowed by the owner. The whole life policy can have substantial cash value after a period of 15 to 20 years and many investors have taken notice of this. After a period of time, (20 years usually), the life whole insurance policy can become paid up which means you now have insurance and don’t have to pay anymore and the cash value continues to build. This is a unique part of the whole life policy that other types of insurance cannot be designed to perform. Life insurance should not be sold because of the cash value accumulation but in periods of extreme monetary needs you don’t need to borrow from a third party because you can borrow from your life insurance policy in case of an emergency.

In the late 80′s and 90′s insurance companies sold products called universal life insurance policies which were supposed to provide life insurance for your whole life. The reality is that these types of insurance policies were poorly designed and many lapsed because as interest rates lowered the policies didn’t perform well and clients were forced to send additional premiums or the policy lapsed. The universal life policies were a hybrid of term insurance and whole life insurance policies. Some of those policies were tied to the stock market and were called variable universal life insurance policies. My thoughts are variable policies should only be purchased by investors who have a high risk tolerance. When the stock market goes down the policy owner can lose big and be forced to send in additional premiums to cover the losses or your policy would lapse or terminate.

The design of the universal life policy has had a major change for the better in the current years. Universal life policies are permanent policy which range in ages as high as age 120. Many life insurance providers now sell mainly term and universal life policies. Universal life policies now have a target premium which has a guarantee as long as the premiums are paid the policy will not lapse. The newest form of universal life insurance is the indexed universal life policy which has performance tied to the S&P Index, Russell Index and the Dow Jones. In a down market you usually have no gain but you have no losses to the policy either. If the market is up you can have a gain but it is limited. If the index market takes a 30% loss then you have what we call the floor which is 0 which means you have no loss but there is no gain. Some insurers will still give as much as 3% gain added to you policy even in a down market. If the market goes up 30% then you can share in the gain but you are capped so you may only get 6% of the gain and this will depend on the cap rate and the participation rate. The cap rate helps the insurer because they are taking a risk that if the market goes down the insured will not suffer and if the market goes up the insured can share in a percentage of the gains. Indexed universal life policies also have cash values which can be borrowed. The best way to look at the difference in cash values is to have your insurance agent show you illustrations so you can see what fits you investment profile. The index universal life policy has a design which is beneficial to the consumer and the insurer and can be a viable tool in your total investments.

Start Up Business Ideas-some Low Budget Start Up Business Ideas

These days almost every one is looking for start up business ideas for variant budgets. The reason behind this is very simple: people want to increase their earnings.

There could be various start up business ideas. The real art is choosing from so many of them. There are different categories of businesses. For example the major categories are food business, retailer ships, whole selling, personal services, maintenance services, business services and the internet businesses.

For example in food businesses the start up ideas will not be opening up a restaurant, bar or club. If one is good at cooking then you might start from cooking at home and selling to friends and relatives. People can hire you to learn about the topic you are a specialist of or for any assignment related to your expertise. If you know a particular sport then you can take the classes for training people in that sport.

Selling your hobby is also a very budget friendly business start up idea. For example you are fond of writing. You can write for news papers, journals and different websites. There is a great demand today for the web content writers. Some web sites will publish your articles on which ever topic you write.

Once you think rather you are sure that you have the required marketing and PR skills then you can start looking for start up business ideas. In my opinion the start up business ideas should be the ideas of small businesses. This is because the large businesses need heavy investments. The rookie business owners of course do not know that much about the market and there is always a chance that the money invested initially might be lost.

Other low budget business “start up” ideas are either to render personal services or to use your creative skills as a business. The personal services can include baby sitting or child and toddler care. Other than that these services include style and image consultancy, being a wedding consultant or an event planner etc. The other business “start up” ideas which require creative skills are to sell your paintings or clay pots or other crafty things.

All of these businesses need no investment other than printing your business cards and flyers for marketing. You can even save on marketing initially by telling all of your friends and relatives about your latest business venture in person.

Top 10 Home Business Ideas

When looking to start a home business, you want to find the best home business ideas that will actually make you money. The top 10 home business ideas that follow are the ideas that can make you money, if you invest time into them. Read and discover opportunities that can make you money working from home.

Here are the top 10 home business ideas:
1. Home Business Data Entry Clerk Jobs
2. Making Money Online With eBay
3. Selling Door To Door
4. Creating A Widget
5. MLM Home Business Opportunities
6. Make Money With Home Business Opportunities
7. Freelancing As A Home Business Idea
8. Online Publishing
9. Affiliate Sales
10. Import & Export

Everyday, all around the world, people are making extreme sums of money in these top 10 home business ideas. In fact today a new millionaire will be created through these methods. And the most beautiful part is that you can be one of them!

1. Home Business Data Entry Clerk Jobs
One of the ways to get into a home business is through the first of the top 10 home business ideas – data entry clerk jobs. There are people making good money through data entry jobs. All that is required is to enter data, accurately.

2. Making Money Online With eBay
eBay has been around for a few years. In fact I can truly say it is a money maker, as I was a Power Seller on there! Today, you have much more competition; however, there are many success stories, and millionaires who owe a lot to eBay.

3. Selling Door To Door
If you like walking, then a door to door home business can be one of the best in the top 10 home business ideas. You join a home based business opportunity and deliver catalogues in most cases. You then take orders.

4. Creating A Widget
You don’t have to go for another opportunity; you can always create your own product or widget!

5. MLM Home Business Opportunities
Some people don’t like MLM, but it has produced many success stories. I owe a lot to MLM. And it is one where it will give you good insight into successful business.

6. Make Money With Home Business Opportunities
At number 6 of the top 10 home business ideas, we find home business opportunities. These opportunities are numerous. And they all offer something different as a product or service. It can be the easiest and one of the cheapest ways to start a home based business.

7. Freelancing As A Home Business Idea
You don’t have to get into complicated business. You can always use your skills, and let companies pay you for small projects.

8. Online Publishing
Online publishing is one of the ways that used to be difficult in the past. There was hardly any ways to actually make money from it. However, today, many people are making money with online publishing.

9. Affiliate Sales
Affiliate product sales is a top way to make money online, and one which I am pleased to add in the top 10 home business ideas. It allows you to sell products and earn a percentage of the income, without even having to actually buy and sell the product.

10. Import & Export
Import and export is an interesting business. It can be conducted at home, even on a kitchen table. And involves sourcing products from other countries, and bringing them to your country for sale to manufacturers, shops, retail outlets, etc.

7 Killer Tips To Create Successful Internet Home Business Ideas

This does not mean that planning would be somehow out of use, when you think internet business ideas. No not at all. A good plan is very, very important.

My target by this article is to help you in the thinking process to create some thoughts for the working business idea.

1.Research Your Own Strengths And Weaknesses.

This is the most important step, because all internet business ideas are ran by a webmaster, you, and you will build the business around your own personality. So your strengths are the main building blocks for your own internet business.

Go through your childhood, school years, army days, college days, your personal relationships, marriage, work place human relations etc. Research especially what things you liked and why and of course what things you did not like and why.

In this way you will get your own profile, which will help a lot with the planning of your internet business ideas and especially, when you think how to execute those.

2.Your Educational Background.

Do you have marketing education or maybe technical background. Have you experience from the Internet, if yes, what kind of? If you think your basic ideas of your business, what might be the strengths from your education?

3.Your Financial Starting Point.

How much money you have in use to execute your internet business ideas? Have you planned to take some loan for the business. What happens if you will loose all your money?

4.How Big Is Your Commitment?

Are you really serious with your new business? Do you understand that internet business ideas are just a small starting point and the execution requires lots of work and attitude. Do you see this venture as a business or as a hobby? Are you ready to fight like a good entrepreneur should be?

5.Your Personal Qualities.

Are you energetic, enthusiastic, resourceful and motivated person? Have you the power to take lots of knocks and bounce back? Do you think you are realistic and practical?

6.Your Contacts.

To be able to execute internet business ideas requires the ability to create contacts and to keep them during a long period of time building trust over and over again. How much contacts you have at the moment? Could you use them in your new internet business?

7.What Kind Of Products Or Services You Really Like?

This is again one of the most important questions, because the success comes from the things, which we really like or love. What products are close to your heart. Cars, infoproducts, books, gardening products, cooking or what.

Now you see, that to build a successful business plan is very close to the process to create your own life strategy. It must be built on your own, natural strengths and emotions. Then your internet business ideas get wings by which they can fly as high as you want.

5 Internet Business Ideas You Can Start From Your Home

Looking for profitable Internet Business Ideas you can start from your home? Here are 5 Business Ideas from my Idea Diary. Each of these ideas have three sections- The Niche Market it targets, What you can do for the target market, and revenue generation method for each business idea.

5 Internet Business Ideas for you to steal, brainstorm and profit:

Idea #1: Start a ‘Food Allergy News’ Newsletter

Niche Market: People suffering from allergy (On further research you will find several sub niches within this group)

What You Can Do: Write or Report about personal experiences/interviews, tips from people who are suffering or got relief from different types of allergy. Report about latest medical news and new product release, related to allergy. [Hint: Start your research with US govt. online resources.]

Revenue Generation: Post your newsletter online sprinkled with Google Adsense and related affiliate programs. When you have about 12-20 issues, select themed articles from your back issues and sale them as a separate package.

Idea #2: Food Writer’s Resource Guide

Niche Market: Food Writer’s/Cookbook writers

What You Can Do: Create a Newsletter for Food Writers. Accompany your newsletter with a paid resource directory for cook book Writers. The directory should be designed such that they can easily find things like resources neatly organized for researching about food , related marketing and articles submitting sites, listing of newsletters dealing with food and recipes where they can syndicate articles or advertise, etc. Your aim should be to save time for the Food writers and help them to find what they want to stay ahead in their market. Revenue Generation: Use your newsletter as a marketing vehicle for the resource directory. Depending on the content and design of your directory, you can charge $47-$67 per year.

Idea #3: Create an Online Distance Education Directory

Niche Market: Students (Adults) those who cannot afford to travel across the countries and are looking for long distance education. Content Idea: Research shows that the demand for online distance education is increasing every year. Create a searchable database of distance education courses with the details of programmes offered by the various universities (eg- Different Canadian universities, Australian universities etc.). An useful additional bonus or an upsell will be a ‘how to guide’ detailing the step by step process about how to apply and enroll – an insiders viewpoint for overseas students.

Revenue Generation: Depending on the number of programmes you cover for each university and the details, you can charge $37 -$47 to access the directory. You can use this idea for any other niche where the people involved in the industry need to do a lot of research.

Idea #4: Create Family Vacation Guide (for a specific country)

Niche Market: Affluent families planning and looking for information about short trips or long vacations.

Content Idea: This is a fun project and if you love to travel it should be an easy service to start for foreign travelers visiting your country. You can write about places to see , what to do, tourist special attractions, culture and tradition , heritage tours of your country, culinary tours, historical tours of the region etc. Revenue Generation : Paid newsletter /Membership site . Additional revenue form ‘Insiders Travel Guide’ CDs.

Idea #5: Discount Travel Deals for Senior Citizen

Niche Market: Senior citizen (possible subniche -Single Women, Old couples)

Content Idea : Practical & timely info on vacations preferred by travelers in this age group. Information about the discounts and often things they can get free,with details about what age the discount is available for; possible value added service, physical addresses and contact numbers to easily get more information. Revenue Generation: monthly/Yearly subscription based newsletter OR newsletters supported by advertisement and travel related Affiliate program.

There you go…

5 business ideas you can use as a base to start your research about what you need to do to implement these ideas or use them for brainstorming the possible variations.

However, ideas are of no use if not acted upon. You need to make an action plan and work accordingly. For more detail and complete Business Ideas and Action Plan check out the FREE resource box below.