Calculating Airplane Ownership Cost

Over the years, calculating the cost to own an airplane is one of the most frequently asked questions I receive. There are a lot of different cost factors that go into owning an airplane. The purchase price is just one piece of the entire cost of the airplane ownership pie. Other pieces include taxes, hangar or tie down costs, fuel, oil, insurance, ramp fees, engine reserves, routine maintenance, inspection items and subscriptions to name a few. The following article will help you determine what costs are involved in owning an airplane and how to plan your finances accordingly. Keep in mind the following article offers a generic estimate on how to calculate the ownership costs of most piston airplanes.

First, we will divide the total cost of ownership into two sections; the first section will be the indirect cost, and second section direct cost.

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INDIRECT COSTS

Indirect costs are the costs that you will pay whether or not the airplane flies. These expenses include the purchase price of the airplane (or monthly payments), insurance, tie down or hangar fees, subscription fees, taxes, and tax benefits.

Let's start with the first indirect cost I mentioned, purchase price or capital cost. This is one of easiest expenses to calculate. If you finance the airplane, get a quote from the bank on the down payment required and interest rate. Currently, rates are approximately 6% with a minimum of 15% down and 20 year financing. As an example, if you put 20% down on a new DA40XLS priced at 0,000, your monthly payment would be just over ,000 a month over 20 years.

To calculate insurance fees, call your insurance agent and obtain a quote for the airplane you are considering purchasing with your experience level.

Hangar fees and tie downs are self explanatory. Call the airport or FBO where you want to base your airplane and ask what options are available. Usually there are about four choices: tie down (leaving your airplane outside in the elements), covered (airplane is outside in the elements but has a shade covering), hangar in common (airplane is constantly moved around in a large hangar shared with several other airplanes), and finally an individual or T hangar. At many airports hangar space is scarce so don't be surprised if you end up on a waiting list. Hangar prices vary according to your location. My T hangar in Concord, NC costs just north of 0/month while that same hangar in Fort Lauderdale would cost well over ,000/month. If you keep your airplane outside, please be sure to at least cover it. It will protect the interior and the avionics. Also, keep in mind that some insurance companies will lower your premium if you can hangar your airplane rather than keep it on tie downs.

Subscription services may not apply to you. If you own a J-3 cub, you can skip to the next paragraph. Almost all aircraft manufactured after the early 1990s offer an IFR GPS. If you have an IFR GPS, you will need to subscribe to a monthly update to keep your database legal to navigate solely by GPS and shoot GPS approaches. If you have XM weather, you will pay around /month for the basic subscription or /month for the full package. The winds aloft feature on the full package is more than worth the additional cost to get it. XM radio is additional. If you own a glass panel airplane, you may opt for Garmin's safe taxi charts and/or approach plate services. Visit http://www.mygarmin.com for cost information. Jeppesen also offers approach plates for glass cockpit airplanes. This service requires an initial upfront cost to install and a higher monthly payment, compared to Garmin's approach plate services.

Unfortunately taxes do not disappear with airplanes, with the exception of tax exempt corporations (see an aviation tax consultant for more information to see if you qualify). Taxes vary from state to state. In Florida, it is 6% of the purchase price. In North Carolina it is a flat tax of ,500. North Carolina, however, charges property tax which varies by county and by city. Where I live in North Carolina, the airplane property tax rate is around 63 cents per 100 dollars, and I have a city tax of 42 cents per 100 dollars. If you use the airplane for business, you may be able to depreciate the use and cost of the airplane which benefits your estimated cost of ownership. Please consult with an airplane tax specialist to determine your individual situation.

DIRECT OPERATING COSTS

Calculating the direct operating costs is a little trickier. There are different ways of calculating what it will cost you each hour to fly. My method is just one method, but it works. Here you need to decide on how many hours you plan on flying a year to establish an annual base budget.

Let's start with the basics. Most pistons engines will require an oil change every 50 hours. Depending on where you live, a standard oil change will cost between 0 to 0. Call the local mechanic on the field and find out what he charges. If you plan on flying 100 hours a year, the math is simple.

Fuel consumption varies according to different aircraft. You can usually visit a manufacturer's website or consult the POH to get the cruise fuel burn. If you are flying an aircraft with a worn out engine, consider the published fuel burn to be the best case scenario (which often is not the case). Find out what avgas costs at your local airport and do the math. Keep in mind avgas prices vary

Engine and propeller reserves are calculated into the equation even if you own a low time or new airplane that you plan on selling long before overhaul. You can usually get a quote from a local FAA engine repair station on the cost of overhauling your engine or on the cost of installing a factory remanufactured engine. Take that price and divide it by the hours remaining till TBO and you will get an idea of how much you need to put away each hour. If you plan on buying a twin, double the fuel, engine and propeller costs.

Scheduled maintenance is another cost worth planning for. Every year your airplane will be due for an inspection. Again, prices will vary depending on where you do your inspection. Shop rates in South Florida average /hour, while in North Carolina they are around /hour. Call a service center familiar with your airplane and see what they charge for a standard annual inspection. Keep in mind that the price they quote you doesn't include squawk items, airworthiness directives, service bulletins or regulatory replacement items. These are extra costs. If your airplane is still under warranty, then you shouldn't expect any surprise repair bills when you pick your airplane up. A safe bet for budgeting additional expenses for an airplane out of warranty is to double the price of the annual inspection fee; this budgeting will cover almost any unexpected surprises that may occur during the year. You may also consider a reserve for paint, interior, and avionics upgrades in which case you will want to put away a little extra.

Finally, you will need to determine what your airplane will be worth if and when it comes time to sell it. Airplanes typically stop depreciating after 5 years. Like cars, their depreciation rates vary. Companies such as Vref and Aircraft Bluebook offer retail pricing and trade-in pricing.

Calculating Airplane Ownership Cost

Via Travel Agent or Internet/Online Booking: How Will I Get Tickets?

More than just a once-a-year affair, business executives have now found themselves in a situation where they have to get on a plane more often than they have ever thought of. Moreover, this proves to be a challenge given the increasing complexity of business travel, with connecting flights, multiple time zones, complicated fare and accommodation expense calculations.

We will talk about the two major ways of fixing plans for business travel and their respective ups and downs. This is to help you, the business traveler, find the deal that best suits your taste.

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First, we have the traditional travel agency. While most think that this option is outdated, the travel agent of today still has his advantages over anything else. Travel agents have the expertise with all things that have to do with their trade. From ticketing and planning itineraries, to finding the best hotels for your stay, they know it all. All these variables can be daunting to the busy executive, who seldom has enough time to go through all the nuances that have to be dealt with.

However, travel agents sometimes have the knack for giving you the flights that will give them the greatest profit margin. We can't blame them because they're only human, but it can be difficult on our end nonetheless.

Second, is the internet. Internet booking is very popular nowadays because it is usually faster and cheaper than booking with a travel agent - no travel time to the travel agency's office, and no extra costs for service fees. For purposes of economy, this is the way to go. Furthermore, there are airline perks that come only when tickets are booked online.

But then, booking via the internet can be difficult when you wish to go to a relatively obscure destination, where no direct flights are available, and when travel information is scant. It will be difficult to search for good hotels, among other things.

If you want it fast, go for the internet. If you want it comprehensive, go for a travel agency. Each has its own advantages, and it's now up to you to choose.

Via Travel Agent or Internet/Online Booking: How Will I Get Tickets?

Private Apartments to Rent Fuerteventura, Booked Direct - An Alternative to Package Holidays?

Private apartments to rent in Fuerteventura direct from the owners could be the answer for you if you don't want a package holiday. Some people, especially those who are regular travelers, can find organized holidays a bit constraining and would enjoy a stay in Spanish apartments to rent or Spanish holiday villas more than in a hotel. If you have internet access it is easy to find accommodation and flights that you can book yourself and you may find that you can save a bit of money as you are cutting out the middlemen and the commission they charge, when you book it yourself!

Fuerteventura is thought to be the oldest of the Canary Islands and was created about 70 million years ago as a result of volcanic activity. It has a fantastic climate with spring-like weather all year round with an average temperature of about 20ËsC which makes it a great place for Spanish holiday villas and Spanish apartments to rent. There are many types of private apartments to rent in Fuerteventura - some are cheap and cheerful, ideal for a base if you plan to spend most of your time on the beach, and others are luxurious with every home comfort provided.

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If you are thinking of booking private apartments to rent in Fuerteventura, Corralejo and Costa Calma are two of the main resorts on the island. Correlejo is situated in the north of the island about 35km from the Airport and is one of Fuerteventura's liveliest resorts. Corralejo has a buzzing nightlife with a variety of entertainment to suit most tastes and ages. Many British tourists book Spanish holiday villas and Spanish apartments to rent here. In contrast Costa Calma which is 80km south of the airport is recommended if you want a quiet beach holiday as nightlife here is mostly hotel-based and the resort's main attraction is its long, white-sand beach.

If you have booked Spanish holiday villas or private apartments to rent in Fuerteventura you will find that the island has plenty of attractions and activities to keep you occupied. The main town on the island, Puerto del Rosario is worth a visit. It has a picturesque harbour and many excellent restaurants and bars. The Jandia Nature Reserve is located in the town of Pajara and is a blend of sand dunes and plant life. It is one of the most important areas of natural wildlife in the Canaries and numerous animals and insects can be found here including kestrels, stonechats, hawks, Egyptian vultures and lizards.

If you can tear yourself away from your luxury villa rental Spain there are many interesting places to visit if you are interested in history. The Archaeological Museum has displays of Aboriginal artifacts, most of which are examples of pottery but there are also bones and tools shaped from bone. The Cannons outside the museum were captured from attacking English Pirates, who were repelled by local farmers at the Battle of Tiscamanita in 1740. When you have had your fill of history you can go back to your private apartments to rent in Fuerteventura and plan another sightseeing trip.

Finally, when you have booked your private apartments to rent in Fuerteventura and your flights, don't forget your travel insurance. It is worth contacting a reliable insurance broker who can advise you on the type of policy you will need. You can than compare prices from different companies and see which is the best for you.

Private Apartments to Rent Fuerteventura, Booked Direct - An Alternative to Package Holidays?

Tips For Road Trips in Canada

Canada has often been praised as a country with wide open roads plus spectacular views all over the country. This of course may tempt many to travel to Canada by road in order to see the scenes many have come to enjoy. But before you reach the border completely clueless and be denied entry into Canada, there several things which you will be advised to remember. A passport is a mandatory requirement in order to cross into Canada. Canada has a well known highly restrictive immigration control border point rules. This includes ensuring that even before you reach the border point booth you should at have your passports ready in hand and give them to the driver so that once the vehicle stops there will be very little time wasted. Any unnecessary delays could lead to high penalties.

In the event that you decide to bring along your relatives or even your children of your friends without their parents with you, then it is necessary to have a written consent from the parents or guardian. The letter should have contact information in case they want to confirm the information that they are being given. Even if you decided to go with your own child but without the other parent, it is still advisable to have consent stating the same information.

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It is also advisable to know what you are allowed to carry across the border into Canada. Certain types of hunting rifles and even motor boats are not allowed into the country. Drugs are however not allowed into the country unless there are medical drugs and not banned substances. Your vehicle should also have all its right registration materials. The Canadian authority will quickly impound any vehicle they suspect to have been stolen or one that they feel is being sent into the country in a manner to avoid duties on new vehicles into the country. You must also be fully prepared to answer questions on where you are going as any insufficient information by you might just ensure that you do not cross the border.

The windows of your vehicle must also be rolled down in due time in order to ensure that the officers at the border can see all the passengers in the vehicle and address them as well in order to remove any suspicious he or she might have of them. In case you did not shop before you reach the border, do not worry since all of the borders in Canada are equipped with duty free shops. The catch however is that you must consume what you have bought within Canada and not cross over the United States with them. You will also be required to reproduce the receipt of these items if asked to do so by the border police. The various border crossing points in Canada have their own different waiting times. With these few things in mind, your road trip to Canada might just turn out to be as memorable as you had imagined it would be all along.

Tips For Road Trips in Canada

Advice For Long Haul Flights

Long haul flights can be tiring, exhausting and demanding for weaker passengers, especially passengers with compromised immune system or underlying medical conditions, which may give rise to complications, if proper care and precautions are not taken. Long distance air travel which involve crossing time zones would carry implications on the biological clock of the body, metabolism rate and functions, as well as the timing of medication intake, for those travelers with underlying medical illnesses.

All travelers who have pre-existing medical conditions should consult their medical doctor prior to the air travel to discuss on the change of frequency of their medication. The observation of this procedure is very important. For example, if the traveler is a diabetic, who is traveling across different time zones, the duration and interval of the medicines intake as well as the insulin injection must be clarified and planned with the doctor. A word of caution to patients, caretakers and the staff of the airline, the symptoms of hypoglycemic (low sugar level in body) can present as sweating, anxiety or agitation, and it is critical for these symptoms not be overlooked or mistaken as presentations of the symptoms of jet lag. Thus, it is advisable for passengers with underlying medical illnesses to carry their own customized medical travel kit with a medical card complete with their medical history, to address this grave concern in the event of a medical emergency. This would expedite medical help and it could save your life!

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In order to keep yourself fresh and alert, you may want to consider moving around on the plane every hour. Simple exercises can be carried out while sitting on the seat. Frequent moving around will not only promote the blood circulation in the lower limbs it also helps to prevent deep vein thrombosis (D.V.T) especially if the flight journey is long. The risk of developing D.V.T is higher among pregnant travelers as well as those with underlying medical illnesses like heart disease.

As a result of the dry atmosphere inside the airplane, consuming adequate of water and fresh fruit can prevent dehydration during the long haul journey and keep yourself fresh. Very often the airline company will be happy to serve these beverages throughout the long flight. Keep moisturizers and lip balm handy to prevent dry or peeling skin.

It is important to consume lots of antioxidants such as Vitamin C to keep up your stamina and immune system for your long travel.

Advice For Long Haul Flights

Starting A Cruise Travel Agency

For people who love to travel, starting a travel agency specializing in cruises can be very exciting. Earning a living by talking about your cruise experiences and helping direct less experienced cruisers to the right vacation can be very rewarding. Many people are also attracted to the travel discounts you can receive by becoming a member of the International Airline Travel Agency Network (IATAN). Membership is available after earning ,000 in commissions during the previous 12 month period.

It takes a little while to build your business. Great customer service and knowledge of the business are key ingredients to a successful career. Cruise lines tend to specialize to certain types of people. Some appeal to older crowds, others have many activities for children, while look for more active cruisers by providing more daytime activities on the ship or nighttime entertainment choices. One of the best ways to gain a lot of customers quickly is to sell a group trip. Join local groups, religious organizations, college alumni programs, etc.

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Cruise lines typically pay commissions of 12% - 15% of the base fare. This excludes charges for port taxes and government fees. Additional money can be made by selling travel insurances where commissions are much higher, selling tours while your clients are on land and booking airfare and transportation to the airport or port. If your clients take travel insurance, they will be covered in case of delays, lost luggage or sickness, which will reduce your chances of having an unhappy customer.

As with any upstart business, you need to control expenses. A cruise travel agency can be operated right out of your home with the majority of work done through the telephone or internet. Cruise tickets can be sent by messengers to your clients. One of your more important and higher expenses will be the Errors and Omission Insurance Policy. This will protect you from mistakes during the booking process or from errors in printed materials or advertising.

Starting A Cruise Travel Agency

7 Fast Saving Money Ideas on Vacation

1. Consider staying in a condo or vacation rental home.

These homes are fully furnished & equipped with most amenities including a kitchen, laundry & many of the comforts of your own home & reasonably priced. Check out "Vacation Rentals by Owner."

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2. Keep snacks, drinks and mini-meals in your room

If you do stay in a hotel room, utilize the small refrigerator in your room, store milk for cereal,sandwich fixings for lunch, beer for happy hour, & fruit for snacks. If you have an in-room coffee maker, heat the water to mix up instant oatmeal for breakfast.

3. Check out airline sales or offer pages

Go direct to an airline's specials page & you might find a deal not typically found on a general travel website. You can also sign up for discount travel emails that consolidate many specials from various airlines. Try smartertravel.com or Travelzoo.com.

4. Avoid extra airfare costs like baggage fees

Try & stick to a 1 bag vacation. This will avoid baggage fees, improve your mobility, & reduce the stress of lugging multiple bags on your journey. Shoes & heavy coats are space grabbers so try & limit these. Other clothing can be rolled up for maximum space efficiency.

5. Get Travel Insurance

This may sound like an unnecessary expense but can save you thousands if you were to get sick or miss a flight while on vacation. Many travel insurance companies offer cheap policies & will give you peace of mind. Check out companies like Travel Guard & Travelex Insurance for good but inexpensive coverage.

6. Eat like a local

If you're not on an escorted tour or staying at an all-inclusive resort (where meals are included in the price of your vacation), find neighborhood restaurants or pack lunches made from items picked up from local grocery stores, and you'll save money.

7. Bargain for souvenirs

In places like Asia, Mexico and the Caribbean, don't be afraid to bargain at a street market. Just don't come down too low if you've found an item you really want.

7 Fast Saving Money Ideas on Vacation

Life Insurance Basics

Many of us buy life insurance because we make sure our loved ones to stay especially relatives, financially secure, if we want to die. Replacing the income is the No. 1 reason why people buy life insurance.

They do not earn caregivers also have an important - and often overlooked - the economic value that should be covered by life insurance companies.

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Life insurance is purchased by those who are interested in achieving the objectives of specific business or change of ownership.

There are many types ofLife insurance depends on your goals, and there are great differences in price between the various companies that have the same cover. Policies are hundreds of life insurance in the United States. Most financial advisors recommend that not every provider household income of less than 10 times its annual revenue to carry life insurance.

Here's an orderly way to go about shopping for life insurance:

1) Evaluate the amount of your life insurance needed .. 2) for the type of policy is most appropriate for your goals Decide. 3) Select most of the companies by setting high standards for the evaluation of financial stability. 4) Shop to find the best price. 5 in search of ways) to get the best rate life insurance.

Life insurance is a long statement, you should pay particular attention to the time of purchase and for the duration of the policy toassessments of financial stability of the insurance company. Ratings indicate a company's ability pay debts.

The assessment of your life insurance needs

The first step in the design of life insurance is to analyze your life insurance needs - thus leaving the economic needs of relatives. A good way to determine your coverage needs, is an online calculator as a life insurance Insure.com 's Needs tool to use for prediction.

Before purchasing a life insurance policy, you should check yourfinancial situation and standard of living which is held for the dependents or survivors. For example, who is responsible for the final medical bills and funeral expenses? Do you want to relocate your family or otherwise change their standard of living after the loss of income? The assumption of immediate death is necessary to determine the current life insurance needs to be determined for a family or an individual.
Add in the financial long-term needs of other family members, asExample: the costs of children and income for the surviving spouse, mortgage and other debt payoffs, college education funds and an additional emergency fund.

Because life insurance needs change over time, should your life insurance amount will be periodically reassessed. We recommend a review at least once every five years or when there is an important event in life, as a change in income or assets, marriage, divorce, birth or adoption of a child, or a major purchase such as a house orBusiness.

They have, in theory, you should see a drop in demand for life insurance than you, because fewer people remain dependent on you for social security age. Exceptions would be to protect a business entity or the payment of taxes on a large estate to heirs. If the purpose of buying life insurance, inheritance tax is due, must be permanent, life insurance is in force as long as you live and pay the premiums.

Political decisions

Life insurance[Http: / / www.insure.com/quotesmith/controller?REF=99998&reqid=qstermindex&redirx=x] are divided into two main types:

Term life insurance that offers (buy less expensive with the cost for each $ 1,000 of death), only death protection without any side effects or fund "cash equivalents". Permanent life insurance, the "cash value" accounts, where a return on investment component is an often complex and expensive policy (mostexpensive to cover costs $ 1,000).
Term life insurance

To understand the simplest of all life insurance and the cheapest to buy: Term life insurance provides death benefit protection without any savings, investments, or "cash value" components for the entire duration of the warranty period.

Term life insurance is for the periods indicated as 10 years, 15, 25 or 30. With "Life Annual renewable," your policy is automatically renewed each year and bonuses, such as increasingelderly. Select "level of attention" if you want to keep your premiums the same for the duration of the policy. There is also "reduce the long-term care insurance", where the level of premium, but your death benefit decreases with time to stay. This is good if you only have a definite debt is reduced, such as a mortgage or business you want to cover.

As long as you pay the premium the company can terminate.

Term life insurance is a popular choice because of the long-priceTime, both for the possibility of obtaining affordable insurance life. However, if until the end of your contract term and you will still need life insurance, you will need a new policy, which is then based on the age and health, shop price.

The choice is simple from an initial period of guaranteed rates: playing time, your family needs your income for the periods available to provide a percentage. For example, if your children are young and have decades to go on yourTry 30-year mortgage term life. If your kids leave the nest and at home is almost paid off or paid, sent to 10 years, might fit the bill.

Provisions of other policies which guaranteed the popularity of term life insurance renewal hard and guaranteed convertibility.

Guaranteed renewal. Before buying a term life insurance, ask the agent or company to confirm that the policy is guaranteed renewable option, which gives you the right to continue coverage beyondthe initial rate guarantee period without a medical examination. This feature, which sells more than term life insurance today is extremely important to find, should you fall ill and are not insurable by the end of the rate guarantee period.

For example, say that you currently have a payment of $ 800 a year for $ 500,000, 20 year level term life insurance policy and to develop cancer toward the end of 20 years, so as not insurable. Assuming that you want to continue coverage, a renewable term assuranceIt allowed them to continue coverage for 20 years, renewable on an annual basis, without an examination, albeit at a much higher annual premium of, say, $ 8,000 in the year 21, $ 11,000 in the year 22, and so on.

Now you can have shock, but these premiums do not seem so high if you are very sick and uninsurable, but still need coverage.

Guaranteed Convertible. Another feature of most term life insurance policy is the right to implement these services on any policy cash valuethat the Company may at current prices, without providing shop to another physical exam. This feature can be useful in the future if you decide to cash value life insurance.

If you are interested you want to cover for a certain period of time, but I'm sure that will survive in politics, maintaining a "return premium" (ROP) term life insurance. In this type of policy, except in case of death benefit is paid by the end of the period of insurance, you get all yourThe awards of new (tax free). Return of premium term life insurance typically costs 50-150 percent more for a similar long-term policy, but provides a way to cover your bets, whatever happens.

Term life insurance is very popular on the Internet, and agencies of direct-to-consumer life insurance companies and insurance brokers.

Cash value life insurance

If you have more than a death benefit of your life insurance and how the idea of ​​a long-term savingsAccount (not insured by any federal agency) or stock market investments, you should consider cash value life insurance as a whole life, universal life or variable life. But be prepared to pay much higher premiums per $ 1,000 of coverage just because it is now funding a cash value account and the payment of fees and expenses.

In many policy cash value, the annual premium will not increase from year to year. Universal life policies can vary or even skip premium payments,which in turn fits the amount of your death.

Unlike term life insurance, which is easily compared online insurance value of money is often through agents and brokers in a face-to-face setting, where needs and strategies can be discussed are marketed.

Because of the complexity and dizzying array of possible outcomes for permanent life insurance regulators exist, the present value of insurance sold with pre-approved illustration formats. These images can fill up 15 pages or more. Cashguaranteed values ​​and projected or "illustrated non-guaranteed" amounts: the value of life insurance illustrations are divided into two main sections. Illustrations can be complex and difficult to compare apples with apples in a sense.

Be sure to include in particular the death benefit and premium payments guaranteed sections because these columns are the promises today's society. If you do not like what you see there, far away.

Another caveat: Many cash value policies contain harsh penalties forSurrendering the policy in the early years. Change your thinking is in the early years of a costly decision.

Life insurance

Ordinary life insurance provides a "permanent protection" with an account of the cash value that grows over time. All life is a level death benefit and level premiums for life and as long as you continue to pay the premiums. For example, a healthy 40-year-old woman to pay $ 4,200 a year for a policy of $ 500,000 lifetime. ThePrize remains level, $ 4,200 a year for the rest of their life and for death at any age, the policy is to pay $ 500,000 to its recipient.

Whole life also contains a cash value account that builds over time, slowly gains steam before and after several years. You can withdraw your cash value or borrow against it, but remember, if you die before you repay the loan will be paid the death benefit to your beneficiaries will be reduced. For example: Susan has a $ 500,000whole life policies in force and over the years has always borrowed from the cash value. Their full loan amount and interest totaled $ 300,000. When Susan dies, his beneficiary is $ 200,000, because the life insurance will pay for it even before the death benefit.

Understand what your beneficiaries will receive at your death. If you have a traditional whole life policy, it is only your beneficiaries the death benefit, no matter how much cash value that youestablished. Other payment options available for higher premiums are:

Death benefit and cash value Return of premium death benefit

Whole life insurance can be as "participants" or exhibited "not involved". The cost of political participation in general, but can yield annual dividends if the insurer has a good year. Dividends are not guaranteed. Non-participating life insurance does not offer dividends.

The purchasers of life insuranceas the security of fixed premiums with a known death benefit for life. They also appreciate the "forced savings" component and see how to build your cash value account.

Universal Life Insurance

This type of policy offers more flexibility than whole life insurance or term. Universal life has many moving parts to understand before buying.

After your first premium payment, you can reduce or increase the amount of your death. Even after the first payment you can payThe awards at any time and for any amount as long as not to miss a minimum payment. In some cases there are limits to how long you can pay in advance. If you want to increase the death benefit, you can go to medical evidence that damage your health has not deteriorated.

You must manage these policies to obtain sufficient funding, especially because the insurance company can raise fares.

Some new universal life insurance lead term life such as:They can be configured at the time of purchase for both death benefits and premiums level for life, is guaranteed as long as you pay the premium.

Variable Life Insurance

Variable duration provides a death benefit of a fund that works as a part of investment account. Move the uncertainties of investment gains and losses to the contractor.

The insurance company invests the premiums and offers you a choice of funds in which you make moneyinvested. Income is not guaranteed. The amount of money your beneficiaries receive and depend on the present value of the policy, how well do the underlying transactions. Theoretically, the present value falls to zero, and if so, the policy will end. Some variable life policies guarantee a minimum death benefit.

Other considerations permanent life insurance

If your cash value account is large enough, can be used by the insurer, the premium for the paymentRest of your life. This is "paid". Known as You can continue your cash value at any time, but you have to resume payment of premiums for politicians to maintain or to a reduced benefit that supports the cash value remaining. Their political figure that shows how much time can be considered for his political life "paid".

If it's not your whole life policy, you can assign the value to receive the current surrender or convert it into an annuity, but keepin mind that receives a permanent policy after only a couple of years is an expensive way to get coverage for a short period.

Riders add benefits

You can add riders to your life insurance to guard against a range of unpleasant situations. Your insurer will have its own list of available drivers, but here are a few:

Accelerated death of pilot (also known as living benefits rider): Pays benefits if you are terminally ill first. Accidental death rider: Pays an additional benefit if you die as a result of an accident. The long-term care rider: Pays a long-term care costs should not be able to do some of the "activities of daily living", such as dressing or using the toilet. Waiver of premium rider: waiver of premium payments must be completely disabled.
As life insurance has a price

Your life insurance rate is based on life expectancy, theAmount you request and the length of the policy, regardless of the length of life (life) or a specified period (term life). The issue of a low-cost life insurance depends largely on the current health status and past.

Because your current and past health impact on your life expectancy, insurers want to know as much as possible about your health. Common diseases such as hypertension, heart disease, obesity, cancer and depression mayincrease the rate of life insurance, or even in a declination.

Based on your medical history, you will be in a category as "preferred plus", "preferred", "standard" groups and "poor". The class determines the ultimate prize.

Insurance buyers with serious health conditions or a combination of conditions will be difficult or impossible to find life insurance policies. They are known as "impaired risks." Local funds are not experienced enough to order a company to find thespecializes in providing people with certain medical conditions. Luckily impaired risk specialists know-how to know where you draw on applications for people with medical conditions.

Life insurance buying process

The process of life insurance applications of paper-intensive, can take weeks and often seems intrusive for people who value their privacy. A face to face para-medical examination of the policy is usually to more than $ 100,000, funds, at least,both blood and urine, the professional paramedic.

Expect detailed questions about your lifestyle, travel to foreign destinations, your family's health history and your personal medical history. Are you going to dive? Have parents or siblings with heart disease or cancer before 60 years of age? Have you ever had any medicine for anxiety or depression? These and others are the types of questions to expect.

Sometimes the interviews are more requeststo verify your information. The examiner usually asks Paramed face to face these problems and insurance companies often conduct the follow-up telephone interviews, so you can check the first set of answers. Regardless of the type of life insurance you buy, ask the majority of policies that meet certain requirements to be related to your lifestyle and health history.

If you try to change this process by linking a response, or withholding information sounds, do not. This is aCrime in all 50 states, lie about or hide information about a life insurance. In addition, the policy obtained by fraud claim as valid.

The insurer may report the results of medical examination (expressed as a numeric code), the Medical Information Bureau (MIB), a database of those who apply for treatment of life insurance in the last seven years. If you gave different answers to questions doctors in the past, is a red flag with the increase in MIB. TheThe purpose of the MIB is to reduce fraud.

All life insurance in the normal rule to the death of any cause, at any time, any place, other than death by suicide within the first two years of insurance (1 year in some states).

If you have no interest in going through the subscription process, you have two other more expensive options:

Simplified issue life insurance can be purchased only after answering a few medical questions. There is no medical examination required. However, if youReport health problems, it is very likely to be rejected. Also, if you are healthy, or even if you have any negative history, inherited a policy is still to be your least expensive. Guaranteed issue life insurance is for those who apply (up to a limit of age), and is sold by far the most expensive type of life insurance purchases. This should be taken only by those who are rejected for everything else into account, but still need life insurance. This policygradual death benefits, means that the receiver is not the full death benefit until several years in politics.

When naming a beneficiary, keep in mind that life insurers only want the names of those who are financially dependent on you to see. An acquaintance, friend or relative is not present, a financial report, it is not possible.

Working with an agent

After examining the various life insurance policies available, you may still uncertaincorresponds best to your needs. The American Council of Life Insurers (ACLI) recommends consulting with an insurance agent. ACLI spokesman Jack Dolan can say, a political agent, who recommended to meet your needs. "Look at the policy recommended to be used with caution, that fits your personal goals," says Dolan.

Carefully study your agent and ask for advice for a point-to-point declaration. Make sure the agent explains items you do not understand. Because your policy is a legal documentIt 'important that you know what it offers.

Insure.com offers these recommendations for the decision to buy the type of life insurance:

When your agent recommends a term life insurance policy, ask:

What is the Standard & Poor's, AM Best Ratings, Fitch, Moody's and Weiss this insurance? What is the initial rate guarantee period? This policy may be renewed past the initial period to guarantee a percentage without a physical examination? If yes, what are theAwards? It is the policy convertible to permanent insurance without a physical examination? If yes, how long can I have the right to convert?

When your agent recommends a cash value policy, ask:

What is the Standard & Poor's, AM Best Ratings, Fitch, Moody's and Weiss this insurance? Can you tell me, in writing, why you should cash value insurance for me right now? Why would I want my needs to combine life insurance with my investment objectives? Can you please prepare an analysis for me is that the actual cash value insurance that costs about 5, 10 performances, 15, 20, 25 and 30 years against the purchase of term life and invest the difference of long- term in the same periods? How much is your first year of the Commission on the proposed policy against the cash value of your commission equivalentTerm life insurance? These are annual awards for my proposed budget? Why do you think I have to commit to long term, the payment of such premiums, perhaps decades? How do I get if I surrender the policy?
Additional Resources

Consumer Federation of America, the insurance rate 'of Return "service Insurance Information Institute, about the lifeInsurance Your state department of insurance can also buy life insurance online guide For a free quote for life insurance or more information about the types of life insurance available, please visit Insure.com.

Life Insurance Basics

10 Tips For a Great Bahamas Spring Break Vacation

Spring break travel packages offer great deals to those on a budget.  If you are hoping to go somewhere warm and bask in the sun for week, the Grand Bahamas Island is very affordable and easy to get to.  If you are planning on a fun spring break vacation then get your group together and book now.  With the limited hotel inventory available it is not too early to arrange your spring break trip.  Here are 10 tips in making your spring break trip go off without a hitch.

Get your group together and determine how many people and how many rooms you are going to need.  This may be the hardest part of booking ay vacation.  If you become the group leader you may be eligible for a discount on your vacation package. Make sure everyone who is going has the appropriate travel documents.  Going to the Bahamas does require a passport to leave and enter the US.  If there are members in your group who need to either order a passport or renew the one they have the process may take up to 6 weeks and waiting until the last minute to rush the passport will cost extra.  Make sure everyone is aware of the cost to go.  Expense will include:  flying to the Bahamas, hotel, food and beverages and transportation.  You can fly directly to the island or take the cruise ship from Florida to the Grand Bahamas.  Most Bahamas travel consultants can arrange for direct flights or the cruise ship; it will depend on size of the group and the budget.  If you like the idea of landing in Fort Lauderdale and meeting up with group and then cruising to the Island then consider traveling on the Discovery Cruise Ship.  The ship is a fun party to the island and a great time to meet new friends. When booking the hotel or resort consider the all-inclusive spring break packages.  These vacation packages include room, food, taxes and gratuities and all your beverages too.  If you stay at the Viva Wyndham Fortuna Beach, which is located about 15 minutes from the airport, you will not need to leave the resort.  With its fabulous beach front, large pool, basketball court, tennis, gym, restaurants and discos, you will find everything you need is there.  All inclusive vacation packages are great mode of vacationing on a budget. Transportation to and from the hotel or resorts is usually not included in the packages so you will need to hire taxis or rent a car.  If you are not interested in driving by English rule (opposite of the road) or your plans don't include leaving the resort then renting a vehicle is not recommended; however, if you want to explore the island you will need a drivers license and proof of insurance and be sure to confirm with your travel consult regarding the renting age for cars as it may vary. The dress code on the island may surprise you as it is considered in very poor taste to go shirtless for men or in bathing suit tops for women; most stores and restaurants will require cover-ups and shoes.  The same goes for with walking around the lobbies of resorts.  So if you are going to the beach and plan on heading somewhere to grab a bite to eat be sure to bring a shirt and shoes.  Also, public display of affection is also frowned upon for either straight or gay couples. The Grand Bahamas Island does have its own currency but the US dollar is also expected as are credit cards and traveler's checks. The primary language on the Island is English but you may hit pockets of heavy accents and dialects, so be patient. Give yourself plenty of time on your return trip to the US especially if you are flying out of the Grand Bahamas International Airport (FPO).  You will go through immigration twice once to leave the Bahamas and once to enter the US; this is time consuming and can take a few hours, particularly during the spring break vacation rush. The Grand Bahamas Island is generally a very safe place to travel for US citizens but like any foreign country you should use caution and be aware of your surroundings.  Don't wander off by yourself and should you choose to go off the resort's compounds travel with a friend.

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The Grand Bahamas Island is a wonderful vacation destination for spring breakers.  The weather is tropical, the beaches are beautiful and the cost is affordable.  When booking any vacation it is always recommended to book with a travel specialist.

10 Tips For a Great Bahamas Spring Break Vacation

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