5 Hobbies Life Insurance Companies Hate To Insure

Life insurance companies have the daunting task of insuring individuals who may or may not practice the safest or sanest of occupations, hobbies or extra curricular activities. Yet it is their job to do so at cost of course. It stands to reason that if you play with fire, you might burned and as such if your hobby is one that makes life insurance companies hearts skip a beat, your premium and overall rate might sky dive as well. Below we look at five fun and thrilling hobbies that some individuals take up that insurance companies are not so thrilled...

Everything you need to know about Cyprus tax system

Cyprus, by virtue of its exceptionally advantageous tax system, is emerging as the most favoured jurisdiction in Europe to conduct international business from. There is a uniform Corporation Tax Rate at 10%, which is the lowest in European Union and there is no distinction anymore between local and international companies. The maximum tax rate for resident individuals is 35%. The old, complex tax regime was replaced by a new system that eliminates discrimination and differential treatment between different categories of business and is simple and transparent. In addition the increase in the rate of VAT to 15% (still the lowest...

How to Help Your Aging Parents Manage Money

As your parents advance in age, there may come a time when your help is needed in assisting one or both of them in managing their finances. Poor health, difficulty getting around, and the death of a spouse are just some of the life-altering challenges that would make it difficult to keep finances in order. If your parents could use your help, it’s time to take all of the financial advice they passed on to you once upon a time and put it to good use. Not sure where to start? Gathered for you here are some tips and suggestions...

Take Advantage of Tax Deduction from Investment Expenses

If you have been investing in an IRA, a 401k, retirement annuities, or a college savings plan than you most likely already know about the tax breaks that you can get for these investments. But are you aware of the tax breaks that are possible for other investments? When it comes to tax time it is important that you are taking advantage of all the itemized deductions that you can. Remember, we all have a silent partner when it comes to our taxable investments. That partner is Uncle Sam and no matter what you do he is going to take...

7 Financial Aid Tips for Parents

If you have a child in college or on the way to college, you’re well aware of the cost of higher education. Although you may have had the foresight to put aside some money for your child’s years in college, it probably won’t be enough. The alternative is to borrow the money, and it really doesn’t matter if the loan is in your child’s name or in yours, it’s going to be expensive. These tips on financial aid may help. Saving Money The best way to ensure that your child gets a college education is for you to save the...

We let Congress walk all over us!

Power of information goes unchallenged in the new age as all of us are aware in today’s time how information can actually make one rich. And that is what Congress is using to exploit the average citizens in America. Some members of the Congress are minting money by using non-public information to their own stock trading interests and making personal profits on its basis. Congress representatives in the House are trying their best to fend off the allegation, but the fact still remains that many lawmakers whom we have elected to the seats have taken up the designation of lawbreakers...

Ensuring Success in the Reinsurance Market

If you’re in the insurance business, you’ve undoubtedly heard the term reinsurance uttered amongst your business colleagues. You may have wondered what it meant and perhaps even what it could mean for your company. The fact is that despite recent worldwide economic downturn, the financial outlook for reinsurers remains promising. If you haven’t already, now is a great time to learn more about the reinsurance industry and what it could mean for your business. What Is Reinsurance? In simple terms, reinsurance is “insurance for insurance companies”. Reinsurance occurs when two or more insurance companies enter into a reinsurance agreement. Reinsurance...

Home mortgage refinancing tips

You can embark on a smart financial journey by refinancing your mortgage through the proper steps. Refinancing a mortgage involves taking out a new loan from the bank to pay off the existing mortgage on your home. To put it in simple terms, in case of mortgage refinancing a second loan is done to clear an already existing loan on house or the mortgage. There can be diverse motives behind refinancing mortgage. Some people refinance mortgage to get a lower rate of interest which would, in its turn, cause a reduction in the overall interest they are to pay, thereby...

Strategies to Invest for Income

It is important for people to learn how to invest for income so that they don’t get any financial trouble in the future. Money easily gets used up when one earns a salary and they don’t invest it because there will be temptations to spend it all. However there are very many tips available on the best ways in which one can invest for their income. Therefore, before making a decision on how to invest, each individual should make sure that they research on the best methods of investing so that there are no regrets later. For successful investment, the...