Weight and Insurance are they related?

Obesity is the major issues in this society. According to the recent survey done by "Centre for Disease Control and Prevention" (CDC), the percentage of obese person in United State has increased drastically. Majority of times the main reason of your health sickness start from obesity. Obesity can take to major sickness or even lead to death, that why insurance companies has made weight as the one of the determining factor for insurance coverage. Weight will decide how much insurance coverage will be charged from you.

Thus if you or your family members are overweight its high time to find out if there are options for insurance for overweight persons.


Of course they are related to great extent

All of us know that overweight do affects our health insurance options, but at the same time it do affects our life insurance options too. Obesity is something that decides whether to accept you or reject you for that particular policy.

Overweight and illness together with illness creates a major risk factor that insurance companies consider while charging from you.

For e.g. women who is 5'5" and weight between 180 to 240 probably has to pay more than the women in healthier weight/height combination. But in case if the weight of the same person increases more than 240, then it might happen that the person might be denied from the policy.

Since major persons are suffering from obesity, thus they must find themselves with heftier health bills.

The only solution to this problem can be as follows:

• Low weight

• Find convenient coverage options

• Wait for health care reform

Thus weight is the curse to every person. It creates adverse effect on health as well as insurance. The best solution is to get down your health weight.

PET INSURANCE – MYTH

Are you found of pets? Do you have cats or dogs in your home? If so, then why don’t you think about their insurance? I know there are many myths about their insurance. But here I can provide you tip on why one should have insurance for your special animal.


“No insurance for older pet” is an incorrect statement:

At time we think that our pet is no more puppy or kitten, so there is no need for their insurance. New insurance policy for pet is generally issued up to 8-10 years. It may be true that premium may be high on them compare to younger pets and pre- existing conditions may be excluded.

“My pet is well there is no need buying insurance for them” – wrong notion:

Remember one thing that pet insurance is that which you cannot but at the time, when you need the most. So it’s better to wake up before time. Why do you wait for the time, when your pet will fall sick? Pet insurance is something that is designed to protect you against the unknown circumstances, but for that you have to plan it in advance.

Very common myth: I have to wait until my pet current medical condition gets resolved:

If your pet’s current condition is not well it may considered as temporary pre-existing condition, but this does not mean that you cannot get insurance for your pet. For example: If your pet has got small wound and at time if your are buying insurance for it, then condition related to wound may be excluded from the coverage for the first year. But after that when everything gets resolved you will eligible for full coverage.

You don’t want to buy insurance because you think that ‘ I can save every month for the upcoming circumstances”

Saving small amount every month can definitely sole your problem. But it does not mean every time. Firstly saving theoretically we find it simple but practically many of us find it difficult to save. Secondly to enjoy the real benefit of saving you have to wait for long time. Thus for temporary unplanned condition it may not serve you always.

I hope my above suggestions will definitely solve the problem of pet lovers. Thus love and care your pet by insuring them.

Tips to save Energy and Money this summer

Summer mean high heat and increased energy bills. But there are means to reduce these energy bills with some energy efficient device. If you can apply little effort, it is entirely on your part to control such device of your own. This will automatically make your summer stress free and you will enjoy it to the fullest with your kids and family.

Simple and easy energy saving tips:

• Switch off the ceiling fan: Turn off the ceiling fan when no one is there in the room. Try to keep your house cool by pulling the shades and closing the drapes in your rooms.

• Clean or change the filter in your air conditioner unit: Remember to change the filter of your air conditioner unit monthly. If it is not possible to change, then at least clean the unit so that it runs efficiently and will save your power consumption.

• Pool in your home is another power saving area: Those who have pool in their home will always notice hike in their energy bills. The maximum time to run the pump on the pool should be 6 hrs. It’s of no use to keep running the pump, the whole day.

• Replace your old heating and cooling units with energy efficient models: If you really want to save the money start thinking to replace your old units with energy efficient device. There is variety of new models such as ENERGY STAR models. Start thinking to switch on to such models soon.

There are various other tips, which are in your hands to follow. Thus if you follow the above tips you will feel relaxed thinking that you are doing your part to save energy and money in the extreme summer heat.

SAVE TAX - BY TAKING HOME LOAN

Now days every individual is trying to evade taxes. Everyone is in search of mean and ways, how to escape from tax. Some of you think that by buying home or flat you can get tax exemption benefit. In fact this is wrong notion because you are paying extra taxes due to your raised income.

But obviously there are means for your “Tax Problem”. Apply for “Housing Loan” so that you can enjoy tax benefit. In income tax act of 1961 you will find these benefits are covered under 2 different sections such as: sec 24(b) and sec 80(c).

Applying for home loans does not mean that you will get cent percent tax benefit. Approval of tax benefit only depends on following circumstances:

• Loans are taken only from registered banks and institute.
• Loans taken form private agencies or chit funds or family are not eligible for tax exemption benefit.

Section 24 (b) provide you benefit on interest payment that you have made to your lender on the borrowed fund. You can avail the deduction of upto one lakh rupees on principle amount. If you are planning to construct or purchase a new house, this is best option for you to evade taxes and to avail its exemption benefit.

If you have borrowed money for above mention purpose, you can easily make use of loan documents and enjoy the benefit of tax deduction of up to Rs. 1,50,000.

There are some tax laws that is hassle for you, but obviously there are some tax law which provide you relief. By saving all of your home improvement receipts, you will be able to add these amounts up and credit your homes cost basis. Saving a few receipts here and there can save you a chunk of change when it comes to paying your taxes.

In fact this process serves you dual benefit: reconstructing your house and enjoying tax exemption benefit.

Which type Mortgage suits you the best?

Every one of us has dream to buy best home at best location. But since it is most expensive purchase we always try to be cautious before investing and spends lots of time and effort in researching and securing the best deal in mortgage.

In order to make your purchase process more easier, now a days you can access Internet and can avail all the information on mortgage loans and its repayment process.

Different mortgage fulfill different types of needs and situation:

Different types of mortgage are available depending on your need and situation. In other words we can say that “Mortgage are not a one size fits for all.” Following are different types of mortgage available for you:

• Fixed rate mortgage
• ARM's or Adjustable Rate Mortgage
• Balloon Mortgage

Fixed Rate Mortgages:

This type of mortgage is often considered as the best deal for a mortgage especially for first time buyers. In this type of mortgage loan, the interest rate are always fixed. Thus it is an added advantage for those having fixed budget of household operating expenses.

ARM or Adjustable Rate Mortgages:

The other name of ARM is Variable Rate Mortgage. As the name itself signifies, here the rate of interest always varies depending on the rate paid on Treasury Bills or bank certificate of deposits. Here the interest rate is usually lower than the fixed rate mortgage. If you are studying the money market constantly and keeping an constant eye on fluctuating rate, this type of mortgage is the best deal for you.

Balloon Mortgages:

In this types of mortgage you don't have to pay the amount monthly. Instead you have to pay the amount in lump sum at the end. This types of mortgages are for those who are planning to stay in their new home not more than 5 to 7 months. The advantage is that the interest rate is lower the fixed rate interest.

Thus depending upon your requirement you can choose different mortgages. Before choosing any types you must fully analyses your situation and do not take decision hastily.

Which type Mortgage suits you the best?

Every one of us has dream to buy best home at best location. But since it is most expensive purchase we always try to be cautious before investing and spents lots of time and effort in researching and securing the best deal in mortgage.

In order to make your purchase process more easier, now a days you can access internet and can avail all the information on mortgage loans and its repayment process.

Different mortgage fulfill different types of needs and situation:

Different types of mortgage are available depending on your need and situation. In other words we can say that “Mortgage are not a one size fits for all.” Following are different types of mortgage available for you:

• Fixed rate mortgage
• ARM's or Adjustable Rate Mortgage
• Balloon Mortgage

Fixed Rate Moetgages:

This type of mortgage is often considered as the best deal for a mortgage especially for first time buyers. In this type of mortgage loan, the interest rate are always fixed. Thus it is an added advantage for those having fixed budget of household operating expenses.

ARM or AdjustableRate Mortgages:

The other name of ARM is Variable Rate Mortgage. As the name itself signifies, here the rate of interest always varries depending on the rate paid on Treasury Bills or bank certificate of deposits. Here the interest rate is usually lower than the fixed rate mortgage. If you are studying the money market constantly and keeping an constant eye on fluctuating rate, this type of mortgage is the best deal for you.

Balloon Mortgages:

In this types of mortage you don't have to pay the amount monthly. Instead you have to pay the amount in lump sum at the end. This types of mortgages are for those who are planning to stay in their new home not more than 5 to 7 months. Tha advantage is that the interet rate is lower the fixed rate interest.

Thus depending upon your requirement you can choose different mortgages. Before choosing any types you must fully analyse your situation and do not take decision hastely.