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Paul Petersen

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How To Choose the Right Life Insurance Policy for You

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Purchasing any kind of insurance is meant to be a safeguard to protect you from life’s unexpected events. There are several types of policies to protect various aspects of your life, from health insurance to auto insurance. Life insurance is designed to help you create a secure future for your spouse, children, or other beneficiaries should something happen to you.

So, how do you know which life insurance policy is right for you? Before you decide on any plan, it is always best to do your research and compare different policy and coverage options. There is an abundance of quality policies from reputable companies like Banner Life Insurance that you should investigate. Aside from this, however, there are some basic things to consider when shopping for life insurance. Let’s take a look at a few things to think about when determining which plan might be best for you.

Rates

If you have ever heard the saying that cheaper isn’t always better, this definitely applies to life insurance plans. While premium rates will be a major consideration for many people, it is important to remember that not all policies are equal. The best life insurance policy and coverage for your needs might not always be the cheapest plan available. Comparison shopping is the best way to find a policy that offers both quality coverage and affordability.

When you are shopping for life insurance, the provider will evaluate your situation and base your premium on your perceived risk as a policyholder. Insurance companies consider several factors when offering coverage. Your life insurance policy rates will be based on things like your age, gender, medical history, and lifestyle choices. If you are older or have a pre-existing condition, you may have higher premiums. Additionally, if you are a smoker, you will also have increased premiums due to the associated health risks. In general, the younger and healthier you are, the lower your premiums will be. It will be important to shop around and find a policy with affordable rates if you have any risk factors.

Type of Insurance

Life insurance policies come in many shapes and sizes. You will need to select a term life policy or a permanent plan like whole life insurance, depending on your situation. As the name suggests, term life is a temporary policy that offers coverage for a certain period of time or term. You can find a term life policy covering 10 years through 25 or 30 years. Term life plans are usually the cheapest life insurance policies and can offer coverage through the time you have dependent children, a mortgage, or other financial obligations.

A permanent policy such as whole life or universal life will offer coverage as long as you continue to make premiums payments. Aside from permanent coverage, these types of policies also accrue cash value over time and can be used as a source of funds later. Choosing the right life insurance policy will be determined by your goals and financial situation.

Coverage Amounts

The amount of coverage you need will depend on the circumstances of your specific situation. Many experts suggest purchasing a policy that is worth six to 10 times your annual salary. Raising and educating children is expensive, however. If you have several children, you may need to consider a life insurance amount that could cover care and education for each child should something happen to you. You need to consider your obligations and financial situation when choosing a policy. The insurance plan that is right for you will be a policy that offers the right amount of coverage for your needs.It is essential that you choose the right life insurance plan to ensure that your needs are taken care of. Comparison shopping and researching will help you find the right coverage for your situation.

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In Business

7 Types of Investments to Consider in 2022

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Risk has always been a necessary evil of investing. Still, in today’s post-COVID world, our investment options are more unpredictable than ever.

Without warning, your investment may be affected by supply chain disruptions and new COVID regulations. As such, many people are too scared to invest in anything. However, you do still want passive income to give you a good monthly cash flow for your future retirement, so how do you start?

Today, though, we’re going to help you overcome your investment worries. Below, we list several types of investments that are (mostly) low-risk and highly profitable.

Plus, you don’t have to be a stock market wizard to get started. In fact, most of these options have nothing to do with stocks. Read on to discover the best investment options in 2022.

  1. CDs

If you have time to take the slow track, fewer investments are safer than CDs (Certificates of Deposit). Put simply, CDs are basically high-yield savings accounts that you can’t access until they mature. Even more simply, it’s like burying a lump sum of money and then digging it up with interest several months/years later.

Many CDs mature in as little as 6 months. If you desire, though, you can choose a maturity date up to 5 years away.

CDs are virtually risk-free. You can even ladder your CDs to create a recurring payout.

For instance, you can start new CDs, with the same term, every month. Then, as they mature, you get a recurring monthly payout.

  1. High-Yield Savings Accounts

Having a high-yield savings account is like getting free money. What we mean is, you should already have a savings account for emergencies, no matter what. So, while this money is just sitting around, it could be earning interest at a high rate.

Generally, though, you need a sizeable opening balance and good credit to open a high-yield savings account. But anyone who’s qualified should definitely get one.

  1. Series I Bonds

Inflation is a huge concern with standard saving bonds. Namely, by the time you collect, the interest earned may actually be less than the cost of inflation. I-bonds, on the other hand, actively offset the cost of inflation by adjusting their rates biannually.

  1. Index Funds

Index funds are a low-cost, minimal-risk method of stock market investing. If you’re considering investing in stocks for the first time, start with index funds. Furthermore, you can use an investment platform like Monex Securities for additional help with your index fund investment.

  1. Dividend Stock Funds

Most types of stocks only make you money if you wait for them to appreciate and then sell them. But dividend stocks can make you money while you hold onto them. Specifically, the company that issues the stock pays a percentage of its profits to its shareholders as dividends.

  1. Rental Housing

Real estate investment is extremely lucrative in general. But it’s also expensive and risky. Renting out your investment properties earns you extra income, which protects you against potential risk.

  1. Crypto Investment

Cryptocurrency offers a more intense investment experience than the other options on our list. If you’re looking for big risks, big rewards, and dramatic ups and downs, invest in cryptocurrency.

Consider These Types of Investments

Don’t let fear stop you from building your investment portfolio. Instead, minimize your risk with the types of investments listed above. 

Next, get the latest tips and news about trading platforms, real estate investment, cryptocurrency, and more. Find this and other investment advice in our Investing Archives.

 

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In Business

What’s Involved in Opening a Restaurant?

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If you’re thinking about opening a restaurant, you’ll find that there are a lot of steps involved to make it happen. Maybe you’re someone who’s passionate about food and it’s always been your dream to run your own business. Or maybe you’ve finally acquired all of your family’s best recipes and are ready to start sharing them with the world. If starting a restaurant is your dream, then you’ll want to execute it with careful planning. Keep in mind, the first year in business is always the hardest. This is because the business can be unpredictable, and there are no parameters for you to compare your success. But if you execute it well, it’ll all be worth it. On the following page, you’ll learn all about the steps involved in opening a restaurant.

Figure out the concept and create a business plan.

The first step involved in opening a restaurant is to choose a concept and create a business plan from there. For example, your restaurant concept can be a fast-casual restaurant serving American fare, or it can be an upscale wine bar with Italian-inspired appetizers. Once you’ve chosen your concept, you can figure out your business plan to narrow down your target market, the restaurant’s description and mission, as well as a financial plan to execute your vision.

Choose a location and start furnishing your space.

It’s time for everything you had on paper to finally materialize! You’ll want to find exactly the right real estate to reach potential customers. Foot traffic can make or break your restaurant’s success. After leasing or purchasing a restaurant space, you can start thinking about furnishing the commercial kitchen. If you’re in search of Bellevue restaurant equipment, you can refer to The Restaurant Warehouse for commercial refrigerators, freezers, and ovens. The Restaurant Warehouse sells kitchen supplies to establishments in Washington state. This platform is the best choice to furnish your commercial kitchen with restaurant equipment without high upfront costs.

Create a marketing plan to reach your ideal niche.

How do you plan to notify potential customers about your restaurant opening? Maybe you’re hoping to attract them with flyers on social media. Perhaps a professional flyer is one of many tools that are crucial to your digital marketing strategy. You can use flyer templates from Lucidpress to come up with your own flyer designs. Grab your target audience’s attention with a specific font or graphic design. You can even download the flyer as a PDF and have it printed out. Pass out flyers or post them on bulletin boards for a more traditional marketing strategy.

Hire staff and create a menu that fits into your concept.

Your restaurant staff is essential to the success of your business, and your menu is equally as important. It’s what gets customers through the door and keeps them coming back. The employees you’ll want to hire first include the kitchen staff who can assist in creating the menu and upper management who can help with hiring other employees. These are some of the most crucial roles as you build the fundamentals of your restaurant. Then, you can think about hiring other positions like waitstaff, bussers, dishwashers, and the like. Keep in mind that a well-trained staff can affect your business’s overall success, especially in the first year.

Now that you’re familiar with the steps of opening a restaurant, it’s time to work on your execution! Whether you’re opening a bakery, a food truck, or a high-end restaurant, this guide offers you a good place to start learning about the restaurant business. While this industry can be competitive, it’s a worthwhile endeavor when you’re passionate about sharing the love of food!

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In Law

What Qualifies as a Wrongful Death Lawsuit?

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Lawsuits occur when one or more parties take legal action against a person, persons, or company. The plaintiffs pursue a lawsuit because they believe the defendant’s actions caused the wrongful death. For example, it’s common for car accident victims to file lawsuits against the negligent party causing their car accident.

Family members may also pursue a wrongful death lawsuit against the parties responsible for a person’s death. Let’s look at what qualifies as a wrongful death lawsuit, examples of wrongful death suits, and ways to prevent wrongful deaths.

What qualifies as a wrongful death lawsuit?

Personal injury lawyers are legal experts who prepare wrongful death lawsuits for their clients. They must demonstrate the defendant’s negligence to justify a wrongful death suit. Lawyers must establish that the defendant’s actions or failure to act caused or contributed to the person’s death. Lawyers need to demonstrate the defendant breached their duty to the person who died. For example, medical doctors must meet expected standards of care, but if they fail to provide care to a patient who dies, they’ve breached their duty. Lawyers must prove the victim would be alive today if it weren’t for the actions or inaction of the accused, and attorneys must demonstrate the costs stemming from the wrongful death, such as loss of income, medical bills, and funeral costs.

What are some wrongful death lawsuit examples?

Philips Respironics recalled some continuous positive airway pressure (CPAP) and bi-level positive airway pressure (BiPAP) machines and ventilators in 2021. The recalled machines contained polyester-based polyurethane foam that can break down. Consequently, CPAP, BiPAP, and ventilator users may ingest pieces of black foam or breathe in chemicals.

Using these machines caused some people to develop severe health issues. Personal injury lawyers pursuing the Philips CPAP machine injury lawsuit represent victims who’ve developed illnesses after using CPAP machines. While some people may suffer minor injuries, such as headaches and eye irritation, others develop asthma, lung cancer, and kidney and liver damage. Victims may have lifelong health issues stemming from exposure to the foam and chemicals, while others may die. Personal injury attorneys must prove the CPAP machines caused the victim’s illness and death, that the manufacturers didn’t ensure their products were safe for use, and the costs stem from the victim’s illness and death. These attorneys prepare legal paperwork, file paperwork with the courts, and attempt to negotiate settlements on behalf of their clients or present evidence in court.

Personal injury attorneys may also pursue cases against medical professionals. In the United States, medical errors are one of the leading causes of death. Victims’ family members may hire an attorney to file a suit against the medical facility or personnel responsible for their loved ones’ deaths. In 2010, the Health Affairs Journal published a study by Harvard University professors that concluded annual medical malpractice liability payments totaled $55.6 billion annually.

How can wrongful deaths be prevented?

Effective public health services can prevent wrongful deaths by ensuring access to essential health care services and implementing protocols to prevent disease transmission. Whether you lost someone to wrongful death or feel passionate about public health, earning a Bachelor of Science (BS) in Public Health equips you to pursue a public health career. You can earn a public health BS online by completing 120 credit hours from an accredited university. The program planning, implementation, and evaluation courses ensure graduates understand how to assess needs and implement health plans to address community health issues. Courses covering health issues of vulnerable and marginalized populations prepare public health professionals to implement strategies enabling them to provide health care to vulnerable populations and prevent future wrongful deaths from ineffective service plans.

Wrongful deaths claim hundreds of thousands of lives each year. Victims’ family members may pursue a wrongful death lawsuit against the parties responsible for the wrongful death.

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In Finance

CTmatador Review –A Complete Trading Experience for New Traders

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When you become a trader, you get to see even the most minor things as important stuff. As a beginner, you might ignore something that seems basic to you only to regret later that you should have paid attention to it. I am telling you that from experience and to make your life easier and regret-free, I have brought this CTmatador review to you. If you are someone still considering start a trading career, I am sure you will feel complete and ready for trading when you sign up with this company.

Let me explain to you through some important features what I am trying to state here.

Learn before You Take Risks

Would you recommend jumping in the river without learning how to swim? Well, it is not much different when someone starts putting their hard-earned cash on the line without knowing a thing about trading. As a beginner, you should focus on learning more than trading. Once you have learned the art of trading, you can then try your skills and explore all the financial markets that exist. With CTmatador, you will have plenty of time and opportunity to learn trading. How you learn trading depends on how much time you are willing to spend in the activity.

You can learn through videos, which can teach you even the most difficult concepts with ease. On the other hand, you have eBooks, which require some time for you to read but give you the opportunity to learn at a pace that you are comfortable with. You can also participate in webinars to listen to some great experts talking about the latest happenings in the trading world. They can teach you how to trade and read the patterns in the market to invest the right way.

Many Assets on the Same Platform

It does not matter which market you prefer or which asset you are willing to invest in, you can do it all in the way you like when you sign up with CTmatador. The reason I am writing this CTmatador review is that this company gives you access to a variety of assets from the same platform, which is easy to learn and offers you some great advanced trading features without charging you any extra money for all that. So, you can trade the stocks of the biggest companies on this platform along with major and minor currency pairs. You can also trade precious metals and energies.

Indices are often known as safe investments so you can pick them for trading too. Last but not least, you have cryptocurrencies that you can trade on this platform, which is available on your mobile devices and desktops. It can be used from any part of the world and the operating system you have on your device does not affect its compatibility.

Charts, News, and Many Other Tools

A demo account is not really helpful if you can’t even access the basic trading features. However, when you sign up with CTmatador, you will have a demo account that gives you access to the trading platform and all of its features. You can use dummy credits for trading assets in an ideal market simulation. Furthermore, you can learn the use of price and volume charts that can provide you much more data than just the price and volume of the assets.

You can receive news on your platform, allowing you to stay on top of the financial market trends. Use calculators to convert currencies or the trading calendar to know which event is about to affect the value of your favorite asset.

Final Thoughts

Just because you are starting out as a trader does not mean you have to compromise on your trading experience. You deserve to trade just like any other experienced and seasoned trader out there, and I think CTmatador knows that. If I had more time, I would have continued to tell you more and highlighted the multi-channel customer support this company offers.

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