Over the decades, well meaning but often misinformed persons have decried what they have called “the high cost of weekly premium industrial insurance.” Any offhand comparison with the cost of ordinary insurance or cheap homeowner insurance (http://cheap-insurance-rates.com/home/) would be, of course, to the disadvantage of industrial.
There can be no escape from higher costs in […]
Two further developments helped to reduce the cost of industrial insurance in the twentieth century. As early as 1911 the company inaugurated a plan whereby industrial policyholders willing to pay weekly premiums directly and continuously to the home office or to a district office would receive a refund of 10% of the premiums. The following […]
If you are a homeowner with a mortgage to pay, then if you haven’t got it already, mortgage payment insurance is certainly something you may wish to consider. You may just think that it is another added and unnecessary expense to add to your list of household commitments, but it can, in times of financial […]
With 2008 becoming the year of the ‘credit crunch’ and literally hundreds of thousands of people in the UK subsequently losing their jobs to redundancy, mortgage unemployment insurance is something that anyone who has a mortgage must have least considered.
And even in times when the economy is stable, redundancy is still a very real […]
Anyone who has a mortgage will no doubt have worried how they would manage financially in the event that they lost their income due to involuntary redundancy or incapacity (ie accident or sickness). It is a frightening thought that with just a few missed payments you could face going Court and even having your home […]
You may ask why you need mortgage protection insurance, believing that it is just another expense when your money is stretched already. However, have you considered what would happen if you were to suddenly lose your income due to involuntary redundancy or incapacity such as from having an accident or falling sick? How would you […]
Mortgage payment protection insurance (or MPPI) is an insurance product that can help you keep up with your monthly mortgage repayments in the event that you lose your income due to involuntary redundancy; recovery from an accident; or prolonged illness. This means that at an already stressful time, you will not have to worry how […]
The strength and stability of a financial system is strictly measured by its ability to function in a state of equilibrium under normal and distressed conditions. If this main criteria is met, then the system’s proficiency to combine its structural, institutional and well-designed policies that follow free market principles - as one component, will not […]
A very powerful tool debtors have at their disposal should they find themselves in a bankruptcy situation is the ability to pay only the value of an asset. This is particularly enticing if you have a lien against secured property such as an automobile, mortgage on income property (but not on a residence) or piece […]
No matter what your current economic situation, it’s important to know how to save money. In addition to safeguarding you when hard times hit, frugal practices are often better for the environment. Here are ten tips to get you started on the frugal path.
Buy used.
If it’s not a safety hazard to do so, you should […]