5 Benefits on How to Protect Your Mortgage With Life Insurance

For potential homebuyers and current homeowners, a home is a costly investment with a long-term commitment. That's why every homeowner carrying a mortgage needs to get life insurance. Life insurance that covers a mortgage is called mortgage life insurance or mortgage protection insurance. This kind of insurance is designed to protect the lender, just in case they are unable to pay for their monthly mortgage fees. In this article, let's highlight five benefits on how to protect your mortgage with life insurance.

1. May protect homeowners due to sudden unemployment

With Canada's unemployment rate fluctuating every year, sometimes homeowners might face unexpected job loss due to termination or disability. The benefit of having mortgage life insurance alleviates the stress and financial burden related to unemployment by covering the period when the homeowner is out of work. At Northwood Mortgage, we offer a series of mortgage life insurance options that target the specific time frame if a homeowner loses their job, falls ill, or becomes physically disabled, causing unemployment.

2. May protect homeowners due to unexpected death

If the homeowner dies, the mortgage life insurance will cover the remaining amount left on the mortgage. Along with unemployment, death in the family can cause financial strain, especially when the homeowner passes away. Mortgage life insurance is a great benefit because homeowners are assured that after death, the mortgage will not become their family's responsibility.

3. Mortgage life insurance frees up your budget

When it comes to having mortgage life insurance, homeowners can free up their budget by the funds they get from other insurance policies. For example, the funds received from a personal life insurance or employer benefits could be used for payments on other financial obligations such as car payments, other bills, and university tuition. What would usually go towards the mortgage can be spent wisely on other expenses because the homeowner has mortgage life insurance.

4. Mortgage life insurance is convenient

Another benefit that mortgage life insurance offers is convenience. By covering unemployment, death, and other bills, it is an added layer of security in case unexpected circumstances should occur. With all its benefits, it is also easy to qualify. To purchase a mortgage life insurance policy, homeowners do not require to submit to a life insurance medical exam. This is a very convenient benefit to have for sickly individuals. In case the homeowner is denied life insurance due to medical illness, the homeowner with mortgage life insurance is financially protected.

5.Mortgage life insurance accommodates new homebuyers

For potential first-time homebuyers who can only afford a small down payment, getting mortgage life insurance can secure the home of their dreams. They can use mortgage life insurance through the Canada Mortgage Housing Corporation, which requires a 5% downpayment.

Northwood Mortgage
As you can see, choosing a mortgage insurance policy should be decided carefully. However, investing in mortgage insurance can safeguard you and your family's future in the long run.

At Northwood Mortgage, we have an expert staff of mortgage agents specializing in life insurance and mortgages in Toronto, Brampton, Mississauga, and the GTA. We take the time to listen to your needs, and we cater our services to each client.

If you would like more information on mortgage insurance coverage and protection in Toronto and the GTA, we invite you to book a FREE consultation with one of our Northwood Mortgage agents by calling 416-969-8130 ext. 111, toll-free at 888-492-3690, or contact us here. Once we receive your request, one of our mortgage agents will contact you within 24-48 hours to arrange an appointment.

northwoodmortgage.com

A Guide to Real Estate Mortgages

Many people struggle with the decision to buy or lease a home. It’s important to know if you want to own a home before getting yourself entrenched in the process of a real estate mortgage.

But once you determine that you’re ready for homeownership, the next step is to choose a home you can afford. With each mortgage payment, you will be building equity in your own place. It’s essential to consult a mortgage professional to help you determine how much mortgage you can carry comfortably. This will help you evaluate your financial position and set achievable goals concerning the repayment timeline.

Whether you’re a first-time homebuyer or you want to ensure that you’re ready for your next property purchase, here’s a simple guide for the real estate mortgage process:

How much debt can you afford?

A mortgage has four components that affect the affordability of a property and the mortgage, namely: principal, interest, taxes, and insurance. The principal is the total worth of the property for which you hope to be financed. This is usually about 80% of the property’s value. The interest refers to the amount of money you pay the lender for financing your mortgage loan. Property taxes are paid in perpetuity, depending on the location of your home. Insurance is also a lifetime cost that depends on the value of your property.

Lending institutions and mortgage insurers use a formula to determine whether you can afford a mortgage. It can be assessed based on your gross debt service (GDS), which includes your total homeownership costs discussed above, including mortgage payments, property taxes, and other fees. The second measure is your total debt service (TDS), which includes the GDS and debt payments (credit cards, loans, lines of credit), relative to your income. In order to qualify for mortgage insurance, the maximum permitted GDS ratio is 39%, and the maximum allowed TDS is 44%.

How soon can you get the down payment?

For many Canadians, your home is the biggest single purchase you’ll ever make. Getting a mortgage allows you to stretch the payments out over a few years, so you don’t have to save the full $500,000 (national average home price) before moving into your own home. The minimum down payment required for a home is 5%, which translates to about $25,000.

Get Your Mortgage Pre-Approved

You must get a mortgage pre-approval before you can start looking for your new house. A pre-approved mortgage implies that the lending institution has already vetted you for a specific mortgage amount after investigating your financials, including credit rating and income. You will know how much you can spend, your interest rate, and even your monthly payments.

Mortgage pre-approval is the first step in your mortgage approval process and will allow you to move fast and place an offer, which is crucial in a competitive housing market. This, however, doesn’t mean that your mortgage is guaranteed. But if you make an offer on a home you’re interested in, the lender will assess its value to ensure it’s reasonably priced, update your application with specific figures from the property, and re-verify your financials before giving their final approval.

If you can’t put up at least 20% of the down payment, then you must get mortgage insurance. The final mortgage will then be signed off with the approval of the mortgage insurer.

Final Note

The mortgage pre-approval locks in the lender’s mortgage rate for a specific period of 60, 90, or 120 days while you look for a house. So, rising interest rates won’t affect the agreed rates during the period. Also, keep in mind that federal mortgage rules require all borrowers to pass a financial stress test of 200 basis points above the contracted rate (the 5-year Bank of Canada Benchmark) to qualify for a mortgage.

For more information on real estate mortgages, call Northwood Mortgages at 866-307-0747 or contact us here.

source: northwoodmortgage.com

Don’t forget to secure your health insurance as you go to college

Are you among the 400,000 freshmen in California — or 2.9 million nationwide — who have just started college, or are about to? As you buy your books, ponder the best meal plan or wonder whether you will get along with your roommate, don’t forget about health insurance.

Whether you’re an undergrad or graduate student, your options will depend on where you go to college, if you already have coverage through a family or individual health plan, and how much money you make.

It might surprise you to know you could qualify for no-cost Medicaid, the public health insurance program for people with low incomes.

“The good news is there are a few good options,” says Paul Rooney, vice president of carrier relations at eHealth, an online health insurance broker based in Santa Clara, Calif.

Since health plans vary from region to region and state to state, your first call might be to an insurance agent in the market where your college is located to discuss your options. The help is free. In California, you can find certified insurance agents on the “Find Help” tab of the website of California’s Obamacare marketplace, Covered California: www.coveredca.com


Sometimes, staying on your family’s plan is the best option — and you can do so up to age 26.SIGN UP

If you are on your family’s plan, or you have your own insurance, call the customer service number on your insurance card to ask about the level of coverage, if any, it will provide if you attend college in another region or state.

If your family health plan is a preferred provider organization (PPO) with a national insurance company — Cigna, Aetna or UnitedHealthcare, for example — you often can get full medical services at in-network prices in other regions of the country where your insurer operates.

But it also has to work financially. Parents, ask your employer or your insurer if taking your child off the family PPO will lower your premium. If the answer is no, and he will have full network coverage while away at college, it makes sense to keep him on the plan.

If the answer is yes, do the math.

Keith Wakeman, CEO of a Chicago-based mental health app startup called SuperBetter, learned he would save $1,900 this year by taking his son Jack off the family’s Blue Cross PPO and buying him the student plan offered by Purdue University, where he is a freshman.

“The plan is much better for Jack in terms of deductibles and copays — and also includes vision and dental,” Wakeman says. “It was a no-brainer for us.”

It probably also makes sense to take your student off the family plan if it is a health maintenance organization (HMO) or an exclusive provider organization, both of which restrict their networks more than PPOs.

There are exceptions: Some insurers allow HMO enrollees to get full medical services at no extra cost in other regions or states where they operate. Ask your health plan if that’s possible.

If it’s not, the health plan offered by your college could be a good option.

Student health plans have improved in recent years, in part because they almost always comply with the Affordable Care Act’s coverage requirements. That means most offer a comprehensive range of medical services at a high level of coverage, says Stephen Beckley, a senior partner with Fort Collins, Colo.-based Hodgkins Beckley Consulting, which works with colleges on student health programs.

The University of California system’s health plan is “exceptional,” Beckley says, “because of its highly favorable cost and the addition of vision and dental benefits.”

Nationally, costs vary widely from college to college, and some are very high, Beckley says.

The cost of this year’s UC undergraduate student health insurance plan, which includes all campuses except Berkeley, ranges from $1,773 to $3,537 for 12 months of coverage, according to Zina Slaughter, the plan’s director. Stanford University, by contrast, charges $5,592 for undergraduate and graduate students.

Beware: Many universities, the UC system and Stanford included, will enroll you in their health plan automatically, and you must obtain a waiver — by proving you have other acceptable coverage — to avoid the charges.

“We tell people that you should make sure you’re not being opted into services you won’t use,” says Erin Hemlin, director of health and policy advocacy for Young Invincibles, which promotes the interests of young adults.

If your family plan doesn’t work for you anymore and your college plan is too expensive, check to see if you qualify for no-cost Medicaid, which goes by the name Medi-Cal in California and insures one-third of the state’s residents.

This goes for students at private universities and public schools, including the 481,000 students at the 23 campuses of the California State University system and the 2 million-plus who attend one of the state’s 115 community colleges.

In the more than 30 states that have expanded Medicaid, including California, individuals who make up to about $17,200 annually are eligible for the program. It helps if your parents do not claim you as a dependent on their tax returns; otherwise, you must report their income.

Check with the health department in your county to see if you qualify. Find a list of California county offices at www.dhcs.ca.gov.

If your income is too high for Medicaid, you might still qualify for a subsidy to buy a health plan through your state’s Obamacare insurance exchange. In California, log onto the Covered California website or call 800-300-1506 to research options.

Enrollment in 2020 Obamacare exchange plans starts Oct. 15 for Covered California and Nov. 1 in most of the rest of the country.

Experts say a viable option for some students who are on their family’s plan is to stay on it, getting emergency care at a local hospital if necessary and basic primary care at the on-campus clinic (access is often included in student fees). They can wait to get physical checkups and other non-urgent care until they visit home.

Giorgia Winters, a resident of Long Beach, Calif., says that’s the decision she and her husband made for their son Matthew, 18, who just entered Embry-Riddle Aeronautical University in Prescott, Ariz. They don’t worry about his health: He had to pass a Federal Aviation Administration fitness test to pursue his pilot’s license at the school.

“He’ll come fairly often, because Prescott is an hour or so away by airplane,” Winters says. “I don’t know how much better it is financially, but it was more comfortable for us.

source: usa.inquirer.net

The Best Estate Planning Strategies for High Net Worth Investors

Estate planning is no small feat; in fact, for most individuals, it’s an ongoing process. Even with the guidance of a team of financial and tax advisors, estate planning experts, and specialists in life insurance, annuities, and other investment alternatives, you may be shocked to learn how much of your estate could be lost to taxes. Estate tax mitigation is a key element of estate planning, but in order to be effective in minimizing tax liability, it’s vital that you understand the criteria for imposing both estate and income taxes.


In 2017, the estate tax exemption was set at $5.49 million per individual and $10.98 million for married couples. Any assets over and above these sums will typically be subject to taxation, which can reach well over 50% or more if you include the impact of any possible state estate taxes. High net worth individuals with an estate valued above these thresholds must employ a number of strategies in order to maximize the transfer of wealth to heirs and charitable interests. The good news is that only two out of every 1,000 estates will be subject to federal estate taxes this year, which is largely attributable to the efforts of expert estate planning advisors who work with high net worth investors to minimize their estate tax liability.

So, how then can you develop a solid estate planning strategy as a high net worth investor? I routinely encourage our clients to consider the approaches described below. However, before taking any sort of action, be sure to discuss strategies with your financial advisor and estate planning team. This will ensure that you make the right move for your precise priorities and requirements.

Properly Titling Assets as a High Net Worth Estate Planning Strategy

A properly structured estate should provide ample access to assets needed while you are alive without compromising your overall estate and legacy plans. While certain assets may be directly owned by you or your spouse, it is wise to make certain that other assets are safely outside your estate for estate tax purposes. Some assets such as business interests and investment portfolios, and retirement accounts will require you to maintain direct control, while other assets such as life insurance may be outside of the estate in a properly structured trust.

Estate taxes can reduce the value of your estate by 50% or more, but these taxes apply only to assets owned directly by you. By ensuring that your assets are properly titled, you’ll be better equipped for the estate planning process.

Systematically and Strategically Reducing the Size of Your Estate

While it may seem counterintuitive, reducing the size of your estate could result in a larger transfer of wealth to your heirs as you may qualify for a lower tax bracket. An effective strategy will often include developing a plan that includes the creation of trusts, reallocation of assets to children, and qualified donations, all with the goal of helping you achieve the transfer of as much of your wealth as allowable.

Additionally, strategic gifting may also be beneficial as it entails distributing up to $15,000 per recipient each year—and it is free of taxation and does not reduce your estate/gift tax exemption. This can serve as an effective method for reducing the size of your estate in a tax-free manner.

Finally, it may be possible to pay for certain expenses for your heirs, such as college tuition, without being subject to gift taxes.This is another key area to explore with your accounting and financial team as well as your estate planning advisors.

Leveraging Qualified Charitable Donations as an Estate Planning Strategy

Another estate planning strategy is to take advantage of IRA Qualified Charitable Donations (QCDs). This serves to reduce the size of your estate while guaranteeing that your funds go to the intended recipient with minimal—if any—taxes due.

QCDs are available to IRA owners who are at least 70 ½ years old. The distribution must be paid directly to the non-profit organization. Married couples can each donate up to $100,000 per year from their own IRA, for a maximum gift of up to $200,000 per year, provided they maintain separate IRAs.

Using Trusts to Transfer Wealth from a High Net Worth Estate

Trusts often become a topic of discussion during the estate planning process, but trusts are not suitable for everyone—and not all trusts offer any substantial tax sheltering. This is because financial allocations to the beneficiary are typically considered taxable income unless properly structured.

That said, there are a number of types of trust, such as living trusts and irrevocable trusts, which serve different purposes and can be useful. Living trusts offer access to assets and offer maximum control while alive, while Irrevocable trusts seek to maximize tax exemptions on the wealth they’re passing along to heirs and charities. Therefore, it’s wise to work with your financial planner and estate planning consultants to determine which trust, if any,  may be beneficial for transferring wealth in your unique situation.

Life Insurance as an Estate Planning Tool for High Net Worth Individuals

Life insurance policies can serve as a very effective technique for conveying wealth to your loved ones—and even to charities. In fact, it’s often possible to secure a life insurance policy even later in life, imparting a greater tax-free sum to the beneficiary when you pass.


For instance, a sum of $80,000 could be used to secure a life insurance policy with a payout of up to $5 million (depending upon age and health, of course). Even when taxation on a life insurance policy is taken into account, the overall sum provided to the beneficiary would be greater than the amount of money that was paid into the policy. Life insurance should definitely be explored with an estate planning and life insurance expert if you are a high net worth individual looking for estate planning tools and investment alternatives.

Choosing the Right Estate Planning Advisor

If you are concerned about choosing a trusted advisor to work on your estate plan, you are not alone. A 2016 survey found that 53% of respondents reported challenges as they sought out the advice and guidance of an estate planning professional. To complicate matters further, many other consultants may have a role in your estate planning process as well, including your financial advisors, attorneys, CPAs, and life insurance advisors. Your individual goals are central to your estate plan; choosing an advisor that you feel can help you meet your unique objectives and overcome any challenges you may encounter is critical. In my many years of advising clients, I’ve found that while every client has their own story and their own goals, maximizing wealth transfer is typically their top priority.

source: howardkayeinsurance.com

For over 55 years, the professional team of advisors at Howard Kaye Insurance has been working with clients to achieve their estate planning goals using investment alternatives such as annuities and life insurance. Our experts have devised a number of effective strategies that serve to maximize the transfer of your wealth while simultaneously limiting and minimizing tax liability. This ensures that your loved ones and the charities that are close to your heart can enjoy the maximum benefit from your estate. Our advisors are ready to discuss your goals today, so contact our team by calling 1-800-DIE-RICH.

Can I Buy an Annuity Online or Without an Agent?

The internet has become the primary channel for consumers to obtain goods and services over the past twenty years, with the population as a whole becoming increasingly comfortable shopping online. You can now just as easily buy a car or your groceries via the internet as you can a bestselling book. 

The convenience of e-commerce is what draws many of us in, allowing for a seemingly endless selection of goods while saving valuable time and money. The internet has even developed into the channel of choice for purchasing financial products, including stocks, bonds, and life insurance. And there has been growing demand by investors to buy annuities online. 


And it’s no wonder that consumers look online for income planning products like annuities. Most savvy investors are well aware of their benefits, but many advisors fail to include them as a significant aspect of financial and retirement plans. According to one survey, 72 percent of advisors did not mention annuities with lifetime income as a strategy for retirement planning, showcasing not only why an investor may turn to their own online research for guidance, but also why individuals must find a trusted financial advisor that specializes in wealth concepts beyond stocks and bonds.

However, one thing that we’ve learned about the convenience of shopping online is that just because you can buy it online, doesn’t mean that you should. The more significant the purchase, the more difficult it is to guarantee you are making the right choice with your hard earned money. If you consider the complexity of a financial solution like an annuity, the question to consider is not, “Can I buy an annuity online without an agent?” but whether or not you should buy online as the most appropriate avenue for purchase. Let’s explore the many things a wise investor should first consider.


Can I Successfully Buy an Annuity Online or Without an Agent?

While you may see ads for online brokerage accounts, you’re less likely to find annuities advertised online. Annuities have not yet become commoditized in the way that brokerage accounts have, so there will be more work in finding a product that meets your needs without the guidance of a qualified insurance advisor. 

So, yes, you can buy annuities online without the help of an insurance agent, but you’ll have to spend a significant amount of time on research. And, there are only two channels for direct annuity sales online:

• Life insurance companies: Life insurances companies selling direct-to-consumer, which include the many household name insurers, will be among the top results in your search, but not all of them sell directly online. You may find a familiar name, click on a link and maneuver your way through a complicated online form only to land on a page that still requires you to speak to an agent in order to make your purchase. This is not only frustrating, it is misleading.
• Online marketplaces: Online marketplaces that sell investment products, including annuities, will also be among your search results. But how do you choose from these providers? Are they legitimate? Will you still have to speak to an agent? Do they have the breadth of products to meet your particular needs? There are many questions to be asked before investing with these sometimes unknown sources—and you may find that answers are hard to come by.

Trust is a crucial element when selecting a financial provider. What started out as a search to purchase an annuity online can easily turn into a mission to ensure that you can trust the provider. If you find yourself searching the Better Business Bureau website for complaints, perhaps you should trust your instincts and reconsider whether a licensed and well-respected financial advisor that you can build a relationship with is the most reliable means to secure your retirement, as opposed to trying to tackle the job on your own.


How to Buy the Right Annuity (and Why Having an Advisor Matters)

As with any financial or retirement product, you must take the time to fully understand what it is that you are buying. A survey by the Insured Retirement Institute found that 75% of investors claimed to be familiar with annuities, but only 46% knew that annuities can provide lifetime income.

 Annuities are designed to meet your long-term needs for retirement income and to help ensure that you don’t outlive your savings. There are two types of annuities: variable and fixed. Variable annuities place your investment in stocks and bonds, making them subject to market volatility. This means that your account could be worth more or less than your initial investment when you retire. Variable annuities require special securities licenses and put your principal at risk. They also have high fees. Fixed annuities, in contrast, can offer a guaranteed rate of return and are best when seeking a fixed or increasing income at retirement without the risk of market loss. Besides variable and fixed annuities, there are also subcategories of annuities that can add up to hundreds of options that may or may not be appropriate for you, your long-term goals, and your particular financial situation. 
 
As you can clearly see, annuities are among the more complex financial products that you can purchase; the do-it-yourself route is definitely not recommended. The stakes are just too high! While you certainly can purchase an annuity online, choosing to do so will limit you to very few choices. Whatever time or upfront cost you believe to be saving in the short-term may end up costing you your financial security in retirement. Having a trusted advisor that can match you with an annuity based on your specific financial picture is essential. It is the only reliable option to help you navigate through the myriad of annuity choices on the market. 

The annuity and insurance advisors at Howard Kaye Insurance work with more than 50 highly-rated and trusted insurance carriers. Helping you meet your retirement goal with individualized attention is our primary objective. Call us at 800-DIE-RICH or reach out online. We can work with you to create a plan that ensures you don’t outlive your retirement savings.

source: howardkayeinsurance.com

The Asset Protection Against Judgments and Creditors You Gain from Life Insurance and Annuities

Creditors and judgments are a fact of life, especially if you’re wealthy. The more money you make, the more some people will try to get. A lot of our clients come to us looking to protect their assets from judgments and liens. At the same time, they want to be able to continue to grow wealth for the rest of their lives. Yield is important to them, but so is legal protection.

That’s why many of our clients use life insurance and annuities as part of their asset protection strategy. Life insurance and annuities have the rare advantage of being protected from most judgments and liens. While laws vary from state to state, often these insurance proceeds are considered uncollectible assets. As a matter of policy, they also bypass probate.

If protecting your assets from creditors is your goal, then life insurance or annuities might be the ideal financial vehicle for you.

Skipping Probate with Contractual Obligations

One of the benefits of using insurance and annuities is that they bypasses probate. Most of your assets will go through probate when you pass away, with your will determining their final disposition. However, life insurance and annuities don’t do that. These are contractual obligations between you, the insurance company, and the beneficiary. As such, the funds from those policies don’t go into your estate. 

This is important because anyone who brings a judgment or debt against your estate is going to be able to use its value to prove you have assets to pay the case. Life insurance policies, for example, aren’t considered part of that estate in probate court and are uncollectible as a result. But life insurance doesn’t just protect your money when your estate is being settled. It can also be used to protect your assets when you’re alive. 


How Life Insurance Policies Protect Your Wealth

In the case of judgments and liens, collectible assets are any assets with a cash value that aren’t protected by law. For the most part, these assets are just about anything you can sell for cash. So property, stocks, bonds, and other investments are considered collectible assets. If you were to get sued by a creditor, those assets could be claimed to satisfy the judgment. 

There are a few things that sit on the “uncollectible” end of the spectrum. Among those are insurance policies and annuities. Annuities and life insurance policies are considered protected assets in many states in the United States. Different states may protect different amounts from these policies. In some states, the cash value of the policy is protected. In others, only proceeds paid to beneficiaries are protected. Finally, in the best states, all the funds from the policies are protected. 

However, if you’re in a state where life insurance policies and annuities are considered collectible, then you may want to consider the use of a trust. The trust helps to provide an additional layer of insulation to the account by removing the funds from your name. As long as the trust is irrevocable, most states have held that the assets in those trusts can’t be used to satisfy judgments or debts. 

Of course, the key to asset protection is preparation. Life insurance is one of those products that’s best purchased when you don’t need it. Using it as a part of asset protection is no exception to that rule. 


When Do You Need Asset Protection?

The answer to when you need asset protection is the sooner the better. Just about all of our clients have assets that need to be protected, even those who are middle class. While the basics in your life, like the home you live in and the car you drive, might be safe from collection, many of your investment and cash accounts aren’t. The same goes for any vacation properties. 

The key is to use life insurance and annuities to protect these assets before you ever need to. Once you’re the subject of a lawsuit, then moving those funds around could be impossible. In some cases, if someone has enough assets, the court will prevent them from being able to move them if a judgment is imminent. 

People tend not to plan for this because they think it’s unlikely. The issue is that we live in a very litigious society. The wealthier you are, the more likely it is that people are going to try to claim you owe them money. Even something as simple as someone tripping and falling in your yard or a former business partner claiming you stole clients could cost millions. No one ever expects to be the subject of a lawsuit or creditor claim, but the ones who plan for it tend to do better in the long run. 

We use life insurance and annuities as a way to protect clients’ assets during and after their lives. Our strategies help our clients reduce the risk of asset loss while ensuring they’re also building a legacy. For more information on our asset protection strategies, contact us today at 800-DIE-RICH.

source:  howardkayeinsurance.com

Buy Life Insurance with Social Security Benefits to Create a Retirement Nest Egg for Your Kids

Are you at or near the point of qualifying for Social Security benefits? If so, you may or may not need those payments to supplement your other income sources. For many of us, the focus becomes repositioning those payments to create a greater legacy for our kids or charity. We’ve dealt with this issue at length and below you’ll find a few ideas about how to handle this situation. 


Using Social Security to Buy Life Insurance

Let’s take Jim, a retired executive who has accumulated $15 million in assets over his lifetime. At 69 years old, Jim still has not turned on Social Security benefits because he knows they continue to increase each year that he waits. However, at 70 years old, the payments max out and there is no further benefit to waiting.

Jim’s plan is to turn on the roughly $40,000 of income and have it directly deposited into his checking account. In the process, he will withhold one-third of the payment to cover taxes that will be due on the income. Jim is trying to figure out the best way to leverage those payments into an eventual legacy, either for his kids or charity, and how to do so without increasing the size of his taxable estate.

We believe Jim should use his payments to buy a life insurance policy. Doing so will allow him to access some incredible advantages not offered through other vehicles. First, to prevent his Social Security payments from increasing the size of his estate, Jim decides to set up an irrevocable life insurance trust in which to purchase the policy. He decides to make his cousin the trustee and his two kids the beneficiaries. 

Given the roughly $25,000 that is left after paying taxes, Jim can purchase over $1 million of life insurance. As soon as he makes that first premium payment, the $1 million benefit is locked in. This strategy perfectly meets Jim’s desire to create a future nest egg for his kids without increasing the size of his estate. Plus, he can do so without taking on the market risk associated with stocks and bonds. 


Charitable Giving with Social Security Payments

Now, let’s suppose Jim wanted to use those payments to support his favorite charity instead. Rather than own the policy himself, he can $40,000 each year to the charity and have them use the money to buy a life insurance policy. Why would he do this? By donating the money, he can more than likely take a tax deduction for the full $40,000, part of which is the net amount of his Social Security income.

Also, by having the charity own the policy rather than himself, he is avoiding the death benefit being included in his estate: Nothing would upset Jim more than watching 40% of his gift slip away to unnecessary taxation. Also, because his premium is now $40,000 per year instead of $25,000, the face amount of his policy has jumped from $1 million to $1.5 million.  

When we compare the results of these strategies against the alternatives, it’s hard to rationalize a different move. If Jim just took his Social Security payments, paid the tax, and gave the proceeds to charity, he would likely give them somewhere between $300,000 and $600,000 in total depending on how long he lives. By using life insurance, he creates a $1.5 million gift, even if he dies in year one! 

If the charity is wise, they can choose to only spend the interest from that lump sum and create a gift that gives forever into perpetuity. Life insurance also provides a guaranteed death benefit, avoiding the volatility and uncertainty of market investments.   


The advisors at Howard Kaye can show you how to think differently about your estate plan. A fairly simple strategy such as the one illustrated above can change lives, just by taking an extra income stream and repurposing it for the benefit of your family or charity. Call 800-DIE-RICH to speak with us today and let us start crafting a similar plan for you.

source: howardkayeinsurance.com

What Happens After Your Mortgage Is Paid Off?

Fixed rate mortgages, variable rates, mortgage terms, payments schedules—these will all be things of the past when your mortgage is paid off. However, you can’t just make your final mortgage payment and forget about it entirely. There are steps to take when finishing paying off your mortgage. So, what happens after your mortgage is finally paid off?

 When Last Payment Is Done

After you’ve made the last payment on your mortgage, you’re still not home free. No matter the type (fixed rate mortgage, variable mortgage, etc.) making the last payment doesn’t clear your debt until the appropriate paperwork is filled out. You’ll also need to pay a discharge fee to the lender to fully rid yourself of the mortgage. The discharge fee removes the legal registration of the burden from the land titles from the lender. Depending on the lender the discharge fee can vary but it’s usually in the $350 range.

There is no law saying you have to pay the discharge fee immediately after making your last mortgage payment but you should do it within months. Without paying the discharge fee you will not be able to sell your home, transfer its title or obtain another mortgage.

Once the Mortgage Has Been Discharged

The lender will send a document to the registry office letting them know that your title is now clean and there is no longer a lien on your property. This means that if you sell your home, all the equity is fully yours. Then, you’ll need to look over your mortgage statement. Fixed rate mortgages, variable mortgages, all mortgages in fact, come with a statement. This is a document that is sent out twice yearly to show the balance, insurance rate, monthly payments and balance of tax account (if the taxes are paid with the loan) of the mortgage. When you receive this statement after making your final mortgage payment make sure it shows zero balance.

You’ll also need to verify that your credit report no longer contains your mortgage. Keep in mind that this could take a few months. Furthermore, if you had mortgage insurance with your loan, this will expire the moment the mortgage is paid off, so you don’t need to worry about it any longer.

The Final Steps

When you’ve paid off your mortgage in full, you are still required to pay property taxes. If your taxes were rolled into your mortgage, you’ll have to call your city and arrange to make the payments on your own. Now, it’s up to you whether you wish to borrow against the home again. You don’t have to take out fixed rate mortgages or traditional mortgages, you can take out a line of credit instead.

source: northwoodmortgage.com

8 Things To Know About Mortgage Insurance

If you’re in the process of applying for a mortgage or starting to shop around for one, you’re probably thinking about how you can get a low mortgage rate. However, there’s more to getting a mortgage than the rate. There’s also mortgage insurance, which is an important part of getting a home loan if you’re having trouble coming up with a decent down payment. Many Canadians are not aware of what mortgage insurance is. Below you’ll find eight important things to know about mortgage insurance.






    1. This type of insurance protects the lender against default and not the homeowner. Mortgage insurance is designed to ensure the lender is able to recoup costs should you default on your loan.

    2. Mortgage insurance is mandatory for borrowers who can only come up with a down payment for their home of less than 20% of the total. Furthermore, down payments cannot be less than 5%.

    3. The cost of mortgage insurance depends on the type of loan you’ve applied for and the amount of your down payment.

    4. Mortgage insurance is not the same as homeowner insurance. Homeowner insurance is put in place to protect your home and possessions against damages such as fire, theft, etc. Also, mortgage life insurance is different than mortgage insurance. Mortgage life insurance in designed to repay any outstanding mortgage payments should the homeowner find themselves on long-term disability or in the event of death.

    5. Insurance has nothing to do with getting you a low mortgage rate. To get a low mortgage rate you need good credit and a good mortgage broker because he or she will shop around for you to find a low rate. However, having mortgage insurance doesn’t hurt your chances of getting a low mortgage rate.

    6. There are only three places you can get mortgage insurance in Canada: CMHC, Genworth Financial and Canada Guarantee. Any other place offering mortgage insurance is a scam.

    7. Mortgage insurance costs the homebuyer 2.80%-4.00% of the total mortgage amount, but it does allow you to purchase a home with a lower down payment.

    8. You don’t have to pay the premium on mortgage insurance up front. The cost gets lumped in with your mortgage payments.

The best way to learn about mortgage insurance is to talk to your mortgage broker. While you’re at it, you can inquire about getting a low mortgage rate.

source:  northwoodmortgage.com

Tips for Finding a Car Accident Lawyer with Your Best Interest in Mind

Affirming your rights as the casualty of a car collision is imperative to guarantee you get simply recompense for your wounds. Enlisting an accident lawyers to handle your case, nonetheless, can extraordinarily influence the conclusion of your case. You may have been prompted by a supportive cop or auto crash witness to contract a car collision lawyer, or you may have arrived at that choice all alone. Once the choice to counsel a lawyer has been made, discovering the right lawyer to handle your case can be a test. The following are a couple of tips of discovering a qualified car crash lawyer to speak to you.

Looking at Car accident lawyers

Accident lawyers will be acquainted with nearby, state and national laws in regards to your sort of case, and they will have late court suit experience. Contrasting surveys from past customers or companions on lawyer rating destinations online can help you figure out which lawyers have the best notorieties, experience, and history of customer fulfillment. You can likewise take a stab at utilizing Car accident law, however you ought to still look for an individual conference with any lawyer you are considering for contract. As a legitimate matter, a fender bender happens each time a traveler auto is included in an occasion or arrangement of occasions that cause harm, for example, property harm, traumatic cerebrum injury or even demise. In 2005, 82% of engine vehicle mishaps included in a mischance with an alternate vehicle and an alternate 18% were accident injury law including stationary questions and other non-mechanized. It included a component of inconsiderateness, which relates to an infringement of accident injury law.

Planning for Legal Consultation

A legitimate conference is a situated square of time in which car accident lawyers and potential customers examine their wounds, the benefits of their case, and any potential lawful parkways of recuperation. Keep in mind that you may know a great deal about your case, yet until a lawyer is acquainted with the subtle elements of your mischance, he or she will even now have a ton to learn. Nearing readied to lawyer interviews is to a great degree helpful when looking for Accident injury lawyer.

Efficient lawyers

There is tons of paperwork you require before recording your case, and there are a few things you ought to guarantee that before the argument against the other side began. These paper work can be easily maintained by Accident injury lawyer. Before submitting your case is important that you have checked your protection arrangement to make a point to know the degree of their scope. This will tell whether insurance agencies cover a substitution auto, if important, or wont pay their restorative costs, furthermore the degree of the data you have to uncover to them about their occupations and therapeutic history.

source: zhoutaolawyer.com

Mortgage Insurance Vs Life Insurance

People often see their homes as their biggest investment, and naturally they want to protect that investment. On the other hand, people also worry about what would happen to their loved ones if they were no longer around to care for them. For both of these situations, there is life insurance and mortgage insurance. Both types of insurance offer benefits, but they differ in their nature and eligibility criteria. If you are considering one or both forms of insurance, here are some things that you need to be aware of before making a decision.

Life Insurance

Life insurance is a smart move for many people who have dependents. However, life insurance does not often come without a rigorous application process. Age is a critical factor in the monthly premium you pay and you often have to undergo a medical exam. If you have had any previous complications, then that could work against you. In short, the younger and healthier you are, the better your chances of getting a good premium. However, for those who don’t qualify for life insurance but still want to protect their assets, they have to look at other options.

Mortgage Insurance

Mortgage insurance is usually offered by the same lender providing you with the mortgage. This form of insurance covers your monthly mortgage payments in case you can‘t pay them with your regular income. While mortgage insurance is much easier to secure than life insurance, there is a higher cost. Also, while the premiums don’t change as time goes by, the benefits are reduced as you pay down your mortgage. If you have trouble qualifying for life insurance but still want some form of protection, then mortgage insurance might be a more practical option. However, if you change your lender, your policy will also change.

Which Is Better?

Choosing between mortgage insurance and life insurance depends on your situation. If you know that you may not qualify for life insurance then mortgage insurance may be the next best thing. That said, there are many life insurance plans that offer flexibility and require little medical examination (often just a short questionnaire). So it is best to fully explore your options.

At Northwood Mortgage, our agents can help you find the best solution for your needs. Contact us today for a free consultation and let us see how we can help you protect your assets and your loved ones.

source: northwoodmortgage.com

Getting Auto Insurance Quotes Online – Why it Will Save You Money

Getting Auto Insurance Quotes Online

Here are some reasons to get an online quote for auto insurance Pennsylvania.

Most Americans actually pay a little more than individuals living in Pennsylvania. The typical premium is slightly below the US average. While most people want a plan with great value, they are also often very interested in finding ways to reduce your premiums as much as possible.

In Pennsylvania, a car is to be insured for a minimum 15/30 / 5 plan to cover injury claims of second parts of $ 15,000 to $ 30,000, plus damages of up to $ 5,000. In addition, it needs an additional PIP (personal injury protection). Visit one of the websites that provide quotes from a number of top companies

Many factors decide the quantum of payment for insurance coverage .; age, type of driving and vehicle age, the area where the house owner is and your driving record are some of these crucial elements. What remains the same is the desire to get the coverage that offers everything the law requires, and it requires the buyer and all at the lowest available rate.

You really only have one option in order to achieve this goal. Comparing similar plans types are even recommended by the Pennsylvania state government. check on similar plans that meet their needs. all meet their needs and the state, the next step is to get quotes. To find your Pennsylvania auto insurance budget, the best way is to search online.

You want to get the best possible deal for your premium. work out the cost to insure a teenager with a brand new license and a yen for the road, or work out what it will cost you to hold the new red sports car you are dreaming, you can sort through different websites the company, please variables, rework your premises, and see what is available that is closest to provide for their needs, provided they meet the requirements of the law. The fastest way is to access the sites and the rates of some major competitors in the field or to view a directory that offers a list of rates from several well-known companies.

By doing this, you can quickly grasp the ways in which one applies to you personally. There is a family member who just your driver’s license? You can include it. Do you have a good driving record? Within its geographic area, what is the probability that an individual will suffer an accident?

without even having to leave your own home, you can get quotes online in just a few short hours while discovering what there plans and approximate costs. You can also apply and pay online, in many cases, and even set up payment plans for automatic bill payments.

Pennsylvania requires car owners have minimum policies to cover the use of their cars as most states in the US The economic situation of a policy owner involved in an accident that is not affected, and not It matters what caused the incident. If your car is important to their way of life, then you need insurance.

Do not just trust your instincts in choosing the most beneficial policy, use other features that help you know what. In order to ensure the best possible price, go online to make an auto insurance quote for the state of Pennsylvania.

source: autoinsurancequotes2.info

Benefits of an Auto Insurance Quote

Car insurance is a necessity for anyone who has a car and is required by law. When looking for a self insurance quote , however, you can find the best deal for your budget and get the best coverage for your car. car insurance can protect you from car damage and other things, and you can also get coverage for injuries to third parties and car replacements. The cover may also pay for repairing damage to car in case of an accident.

There are several companies offering free quotes and this can be beneficial for you to have an idea of ​​what you will have to pay before you commit to it each month. Quotations can show you the many discounts you can get, and, for example, older people can get a drastic discount on your insurance . A lot of companies should have no problem offering you a self insurance quote .

There are several companies out there competing for your business, and these companies are creating more and more discounts. If you are really looking to get a good deal on your car insurance, you can also check online to see the different car insurance companies that are not in your area that can protect you and offer you coverage. Many sites will allow you to request a free quote and in as little as a few minutes or hours, the insurance companies will be calling you to offer you a deal on coverage.

Getting a self insurance quote offers benefits as you can see exactly what you’re going to get and have to be responsible for a month before deciding. You should get some quotes to see who can offer you the most for your money.

source: autoinsurancequotes2.info

Getting Your Auto Insurance Quote

If you felt like the car insurance business number was on the rise recently, you would be absolutely right. baseball games and football are simply overwhelmed during commercial breaks with messages from sponsors that happen to hold drivers in Texas and all other states of the Union. If you believe the claims of different companies large discounts are waiting on the other end phone? What’s the solution? As a smart consumer, you have to look at all of Texas self insurance quote to find out.

to start, you should be a little worried when a company says there is a great opportunity on the waiting premiums down at the end of your way. How can they offer the same coverage at a price that is noticeably inferior? Probably, they can not. What they can do is provide a certain level of coverage for the lowest price. It can lead to you paying a little more if you have to resort to your insurance company and make a claim, but you have to calculate this risk. If you are confident that you will never need them (which may already be?), It does not matter one bit.

Anyway, there are many resources on the internet when you want to compare the rates. You may have to deliver a lot of information or you may be able to get in and out of a website, depending on the company involved. Of course, it would not be in the best interest of a company to offer everyone a quote without allowing a representative to sweeten the deal in person or by phone with you. This is something that you have to remember throughout the process of finding an insurance provider. They are not called insurance ‘sellers’ for nothing. If there is an agreement that will make money, they will push you.

There will be a series of standard requirements that must meet, no matter what situation you are driving in Texas. You have to have a minimum amount of liability coverage for at least two people behind the wheel when an accident occurs. Also, you need to cover the damage if it is involved. Your driving record will be closely examined during this process as well. If you have a number of accidents you caused on your record, it is unlikely that you will find waiting for discounts. Drivers with an impeccable record, on the other hand, should expect good things.

Source by James Hyder

source: autoinsurancequotes2.info

Auto Insurance Quote Considerations

Learn more about the car insurance is the best way to make sure you have adequate coverage and that you are also getting the best deal possible . Continue reading to understand how various factors can impact your auto insurance quote.

Buying a used car is a good way to save money on your insurance premiums, since the older models are not as valuable. If you want to keep this car for years, you should get an insurance policy that will cover most of the damage. Because insurance on a used car is cheap, you should get a comprehensive policy. However, if you do not plan to keep your car for a long time or want to save money on your premiums, you should consider dropping some items on your policy, as aesthetic repairs.

A new car is not likely to break, which means you probably do not need your policy to cover towing and similar expenses trucks. If the new car is fully paid, you should protect your investment with an accident coverage policy that might happen. And if you are still making payments on your new car, the financial institution that you are using will probably have a set of guidelines on the type of insurance policy you need to start. Otherwise, select such a comprehensive policy as you can afford to make sure that you can continue to make the payments.

If you have a good driving record and does not present any complaints, you can benefit from interesting discounts. Each insurance company has different discounts. You need to contact your insurance agent and ask about good driver discounts. You may really want to think twice before submitting a request for very minor damage that you could pay for yourself, since you will not benefit from the discount more good driver.

Other drivers can use their car if they have insurance on their behalf or if you add them to your policy. It is usually cheaper to add someone to your policy to pay for individual coverage. Contact your insurance agent to find out how to add someone to your policy will cost you. You should know that if you add your children to your policy, you can usually qualify for a good student discount if they have good grades.

Protecting more than one vehicle with the same policy is a good way to save money. This is called package insurance, and insurance agents will encourage you to take additional policies in his other car, your motorcycle or even your home. Before getting a package plan, compare coverage and price you get the other options. package plans come with good discounts but do not get the coverage that you do not really need just because you can get it at a discounted price.

Learn as much as possible about the car insurance is the best way to make informed decisions. You should take the time to compare your options to request an auto insurance quote and go about your policy carefully to make sure you are getting the best coverage you can afford.

source: autoinsurancequotes2.info

Getting Instant Auto Insurance Quotes Has Never Been Easier

Remember the bad old days? When at any time you wanted to know anything about anything you lucky enough to track it in a week? Or two? Many of us seem to think that we are still living at the time. The truth is that with just a few keystrokes you can get an instant self insurance quote online.

How important is it? It can make a huge difference in how you make choices and why. Before many people have made choices based on large PR, an ad seen on TV, a recommendation from a friend, or spot sales talk of a qualified insurance salesman. Now you can ignore all this.

None of us are immune to PR, advertising, sales routines, or a good word of mouth from friends. But these things do not provide the facts, and not all of them. They rarely offer a fair comparison how a moment self insurance quote a competitor would be, too. No matter how many times a seller tells you that your company offers the best price in business as he prove it, and do it rig the data?

Using online quote [19459006serviços] you can get instant car insurance quote that allow you to compare prices and policies of a wide range of insurance companies. You are no longer tied to a razzle-dazzle presentation and a written sales brochure to avoid all the difficult questions or initial comparisons. You put in your information, and within seconds you have a number … a real number that you can use to start making decisions based on facts, not fantasy and fiction.

A moment self insurance quote is more than a convenience. It is a powerful tool. In a single night, you can put together a complete profile of a range of options offer you. By the time you have done your homework you are in a position to make the best decision open to you.

The bad old days were not so long ago. It is not surprising that so many of us still get our quote long way, slow, difficult and inefficient. But the value of the use of modern technology and modern information retrieval is too big to miss. There are many fine online quote services. With a click of a button, you can make yourself the biggest favor ever.

Get your instant self insurance quote today and be ready to make a choice until tomorrow. Is not it great to know the power and truth are on your hands?

source: autoinsurancequotes2.info

5 Benefits Of Mortgage Insurance

Mortgage insurance is an insurance vehicle designed to protect the lender in case the owner of the mortgage is unable to pay for their monthly costs. But mortgage insurance can also work to benefit the homeowner as well. And in this latest article, our expert team highlights five of the top benefits of mortgage insurance.

1. Access to Better Interest Rates

    Because of the protection mortgage insurance offers lenders, it then allows the lending company to offer homebuyers access to better interest rates. This works to consolidate the cost of the home for the buyer.

2. Offers Access to the Marketplace for Many Buyers

    Homebuyers who are self-employed or don’t otherwise have access to steady income may also benefit from mortgage insurance. Mortgage insurance ensures that buyers outside the traditional marketplace can qualify for a low cost mortgage while keeping the lender’s interests protected.

3. Mortgage Insurance can be Transferred

    Another advantage of mortgage insurance is that it can be transferred from one property to another. This means that owners looking to purchase a new property can simply save their premiums over time and transfer their insurance to the new property. By maintaining this payment record over time, owners can show lenders they’re trustworthy, potentially limiting their future purchase costs.

4. Allows Buyers to Purchase with a Smaller Down Payment

    The use of mortgage insurance also now means that buyers with only a small down payment can enter the marketplace. Buyers can use insurance through the CMHC and will only have to pay 5% down on their property. This gives first-time buyers and others with limited resources the flexibility to enter the marketplace.

5. May Protect Buyers in Case of Job Loss

    The consistent payment of mortgage insurance premiums can help protect the homeowner in case they lose their income for a short period of time. This could be vital for Canadians with growing families, and offers a way to avoid the stress and financial hardship associated with a period of unemployment. Lenders now offer a series of insurance options to help specifically manage time when homeowners are out of work, ill or otherwise unable to pay their financing costs.

The mortgage insurance product is now offering millions of Canadians access to the wider real estate marketplace, by protecting lenders and safeguarding homes. To learn more on insurance and the benefits it provides to homeowners, contact our expert team today.

source: northwoodmortgage.com

Affordable Car Insurance – Factors to Consider

When you start shopping for a car insurance company, you are flooded having “lowest rates” and “cheapest insurance” presents. Before you take the plunge consider some important factors that actually make car insurance affordable.

In order to have better control over rates, it is crucial to be careful in selecting the suitable coverages and features that make the car insurance meet all your requirements.

 It’s also important to look for an insurance company that offers you fair, prompt and reliable customer satisfaction at good rates. Affordable car insurance needn’t be a far fetched dream if you spend some time understanding your requirements before obtaining your policy.

State Laws- A good beginning is to know the minimum insurance cover you’ll want in accordance with your point out laws. Car Insurance is mandatory in most US states and each has different requirements for your basic minimum coverage you need to carry in order to take your car on your way.

Depending on your state legislations, you must devise an insurance plan that meets the basic requirements along with covers other risks, which you might preempt, depending on the style of your car, your driving record, distance traveled, number of people in your car, etc; also take into account your own other fellow drivers and what type of coverages they usually carry. Every place has a distinct trend and it’s always good to stay the know so that you’ve an idea about the normal claim figures doing the units.

For example, the minimum state regulated requirements for Texas car insurance policy cover $25, 000 for body injury and property damage just about every, going up to $50, 000 towards any sort of accident. However, be prepared when you invest in just this coverage you have only ensured that you’re protected incase you are located at fault in an accident and the other driver claims from the car insurance.

This gives you a abrasive idea about the liability amounts you have to be purchasing. Always buy adequate coverage further than the minimum liability to protect yourself too once you buy car insurance.

Know this current value of your car- One other important factor is to know this current value of your car. Your car insurance quotes would vary according to the model of your car. For instance, a Mitsubishi Lancer is going to be costlier with regard to repairs than the Honda Initial. Similarly, there are cars which are charged higher premiums in terms of safety features, theft, injury, vehicle repairs and collision claims. The simple equation the following is; the safer (read lower risk) the car is, the more affordable will likely be your car insurance.

Some coverages a bit more ignore – Additionally coverages like Uninsured/Underinsured Motorist, Comprehensive, Collision, and PIP should all be considered depending upon age your car and your particular requirements. Ideally it makes no sense and keep collision coverage once your auto crosses 8 years. Similarly comprehensive coverage should be dropped once it’s over decade old. The logic is basic.

Any claim you make from your insurance company at this time will not be a extremely significant amount once factors like depreciation and deductibles are counted in. However if you feel would likely not be able to bear out of pocket expenses to replace/ repair your damaged car, stick with one of these coverages. PIP is mandatory in some sates but is advisable and keep on your policy if even if it’s not in your point out regulation list. The same is true of Uninsured/Underinsured Motorist coverages. These really come in handy if you become involved in a hit and run crash.

Check the reputation of the insurance company- Be sure you do a background check from the financial reputation of the company that you intend to get insured with; know the complaint index; read some testimonails from others about them. The last thing you should do is go with a company that promises affordable car insurance, but finds every reason inside the book to shortchange you on the claim.

Consider Additional benefits- Some firms offer plenty of other benefits as opposed to discounts that actually make for affordable car insurance. Benefits like lifetime car repair guarantee, 24/7 insurance claim hotline, waiver from the deductible for a “Not from Fault” Accident, first accident forgiveness, etc all actually save you more money ultimately.

Remember – It’s never a good idea to over or under insure your car because you wind up losing money ultimately in both cases. In the nutshell, buy a car insurance policy that not merely meets all your requirements and also offers an edge with regard to customer care. Tailor it to get affordable car insurance be the best value for money policy for ones dollars.

Bethany Collins is a Work at home Mother (WAHM) who lives having her husband and two children. She loves to read and surf the net looking for new money protecting tips, recipes, etc. In her spare time she writes on personal money [home, life and car insurance, budgeting, and other investment options] and also grows organic vegetables in the woman small vegetable garden.

source: bestsaffordablescarsinsurances.net