Pension funds guide for beginners

A pension fund is any plan, fund, or scheme which provides retirement income and it is one of the most vital pieces of your long-term financial plan. Pension funds are pooled monetary contributions from pension plans set up by employers, unions, or other organizations to provide for their employees’ or members’ retirement benefits. They typically have large amounts of money to invest and dominate the stock markets where they invest. The pension fund is the best way to save for your future needs, so taking an early interest in pension planning will ensure that you are able to maintain your… Continue reading

The ultimate guide to life insurance

Life insurance is one of the most vital pieces of your family’s long-term financial plan. It is a contract between an insurance company and a policyholder. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. The policyholder typically pays a premium, either regularly or as one lump sum. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. Other expenses, such as funeral expenses, can also be included in the benefits. Choosing the best life insurance isn’t as simple… Continue reading

Car insurance: what you need to know

Vehicle accidents or theft happen, and when they do, car insurance can help you to keep your finances safe and sound. Car insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. How much car insurance coverage helps, however, is up to you, and this is determined by the combination of options that comprise your insurance policy. Policies are generally issued for six-month or one-year timeframes… Continue reading