Below are the 2 most recent journal entries recorded in g24petta68's InsaneJournal:

Wednesday, February 2nd, 2011
2:08 am	Credit Issues Personal loans are frequently convenient for covering considerable expenses like purchasing a automobile or equipment. These can be in the form of personal unsecured loans or secured loans. For those with good credit, a personal unsecured loan can be fairly easy to obtain. They are suitable for small to medium size loans over the long term. They are a flexible form of lending offered over 2 to 15 year terms. Additionally, you have the increased usage of the cash till payday loans industry on smaller amounts of borrowing. Then you have secured loans, where funds are obtained by securing available equity on your home. A secured loan may be more suitable for greater sums of money such as for a wedding or a new vehicle. The Secured loan is secured against your home and the monthly repayments will be exactly the same each month For those of you that have a poor credit rating, you may have difficulty in obtaining further credit specifically with unsecured personal loans. A bad credit score is like to be a continuous battle for a lot of loan consumers and may have an effect on your ability to obtain an unsecured or secured financial loan. (Comment on this)
Monday, January 31st, 2011
1:05 pm	Types of Life Insurance Policies An essential part of everyone's financial planning is life insurance. You should know what types of life policies are out there and what would fit in with your own financial planning needs. It is always recommended to speak to a financial adviser with regards to protection but to give a helping hand I've outlined some basic information on the most popular policies. LTA or Level Term Assurance A product that is easy to understand, you are covered for a level amount of money (sum assured) with a fixed policy term. Minimum term is usually five years, with premiums either guaranteed until the end of the term or reviewable (usually every five years). The cash amount that you are covered for will remain the same unless you have additional options selected such as a policy increase each year in line with RPI (handy to combat the effect of inflation!) This policy will have no cash in value at any point. Decreasing Term assurance, also known as mortgage protection The sum assured reduces each year by a fixed or variable amount. Typical usage of this type of policy is to protect against a mortgage loan. The level of cover will reduce to zero at the end of the policy term. Premiums are either guaranteed until the end of the term or reviewable (usually every five years).This policy will have no cash in value at any point. Family Income Benefit This is a different type of term assurance. Upon death, instead of paying a lump sum, this policy will pay out a fixed series of income instalments, typically used to replace the lost income from the death of the 'breadwinner'. For example, a policy of £100,000 over ten years will pay out nine annual instalments of £10,000 upon a claim after one year. If a claim is made after 5 years then five annual payments of £10,000 will be made. Like other forms of insurance, the sum assured can remain level throughout the term or you will likely have the choice to have annual increases by RPI (Retail Price Index) or by a fixed percentage. A Whole of Life Plan or WOL A whole of life policy can technically provide cover for the whole of life. There is no end term associated with this policy. There may be a cash in value with these plans as they have an investment element which can accumulate a cash value depending on investment performance. A whole of life policy will pay out the sum assured on death. This type of policy is popular with inheritance tax planning (Comment on this)