AIG

When Insurance Companies Fail: A Case Made For the AIG Bail Out

Just about all of us recall the events that transpired back in 2008 which led to the United States’ financial melt-down and a whirlwind of debate over one question: “Do we bail them out, or do we not?” Part of the “we” in this scenario was AIG – American International Group – the insurance giant; a nickname that is wholeheartedly deserved. To visit a more reputable life insurance company, click this link.

If you stuck a thermometer into the United States around this time, you’d see a boiling spike anytime anyone mentioned spending taxpayer dollars to bail out anything, however, the ultimate decision to bail out AIG wasn’t made lightly and could have very well saved us from what’s been dubbed “financial apocalypse”. It may sound like a dramatic exaggeration, but let’s examine. […]

Auto Insurance - car upgrade options

Benefits of Getting Auto Insurance Quotes for Teens on Parents Policy

In the last ten years, auto insurance rates have risen at a slow but appreciable speed. Although the auto insurance industry is currently quite competitive, motorists still need to take thoughtful measures to reduce their insurance costs. Families with teen drivers have unique challenges when it comes to auto insurance. Though most teen drivers are thoughtful and responsible, lack of experience can lead to avoidable accidents. For this reason, most insurance companies charge a premium to insure teenage drivers.

Parents who share their cars with teen drivers should utilize insurance companies with family friendly policies. Even in the best-case scenarios, it is costly to add teenage drivers to auto insurance policies. To minimize these costs, parents should seek out relevant quotes from multiple insurers such as Youi Car Insurance. […]

Auto Insurance - car upgrade options

Four Ways to Upgrade Your Teen’s First Car on a Budget

You probably remember your first car fondly, no matter how much of a beater it was. It no doubt gave you your first taste of freedom and, no matter how unsightly your vehicle, it was yours. From the air freshener that hung from the rear view mirror to the cassette tapes you listened to while driving, it was the little things that made your first car memorable. That’s why, when your teen starts to drive, you may opt against the purchase of a new car in lieu of an older ride like you used to drive. This gives you the opportunity to help your teen fix up his ride like you once did.

Here are a few car upgrade options that can help your new driver upgrade his car on a budget – whether it’s on your dime or his. […]

How To Buy A House Without Mortgaging an Arm and A Leg

How To Buy A House Without Mortgaging an Arm and A Leg

The following is a post by Sasha Kahn, with information provided by Genworth Financial.

When buying a house, lenders prefer perspective buyers who can spend the required 20% on a down payment. But let’s face it, for many of us, that’s just not an option.

You may be one of the 99% who can’t afford a hefty down payment, but there are still ways to move forward with your dream of buying a home. Aside from the various types of home mortgages available, there is also something called mortgage insurance. Private mortgage insurance (PMI) is a loan to protect the lender in the event that the buyer defaults. It’s the only way to buy a home while putting down a minimal cash down payment.
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Foregoing Insurance To Make A Loan Cheaper

Foregoing Insurance To Make A Loan Cheaper

With the economic outlook still looking decidedly shaky, many households across the U.S. are endeavoring to keep their spending to a minimum and are cutting back where possible.  However, for those taking out loans, is it a mistake to refuse the insurance that lenders provide, commonly known as PPI (Payment Protection Insurance)?

There is no denying that PPI can add a significant chunk to the monthly premium.  Those taking out loans without the coverage can save themselves a fair bit of cash, however, some lenders will try to  persuade applicants purchase PPI.  Some lenders may even imply that without the insurance, the loan  might be denied. […]

Home-Based Cost Cutting Techniques

Home-Based Cost Cutting Techniques

The root of many poor spending decisions starts right at home. It’s from here where many families show how their approach towards spending ends up greatly reducing the money that comes into their family budget. Americans, in general, have a higher standard of living than many other developing countries and our collective addiction to debt causes us to go into foreclosure or bankruptcy while trying to keep up with the Joneses. Before a household can begin to reduce their expenditures outside the home, it’s important to first look inside the home and ask yourself some difficult questions about the way you and your family lives. […]

Britain 'Heading for Boiler Breakdown Emergency Meltdown'

Britain ‘Heading for Boiler Breakdown Emergency Meltdown’

Since the day after Christmas, Boxing Day in much of the rest of the world, New York has had at least one snow storm every single week.  We experienced 60 year record low temperatures this week, so my boiler has been working overtime trying to keep the house warm.  The boiler is a good 15 years old, and I’m hoping that it doesn’t die from me pushing it to maximum capacity this year.  Unlike me,  Britons have been braced to expect a boiler breakdown emergency every few years by alarm sounding experts.  […]

One Disaster Away

One Disaster Away

Much of the content on this blog includes real world stories either of myself or the people around me. This particular story is such a painful one that I have been reluctant to share it, even though I know that it can help someone else that will find themselves in the same situation. As with all stories, I will begin at the beginning.

One of my coworkers was very suddenly diagnosed with stage 3 cancer of the lungs. He was actually a long-term temp working within the company so technically, he was not an employee of the company that I work for. His pain started as a back ache and got so severe that even though he had no health insurance, he was forced to go to the emergency room. He was admitted into the hospital and held until he received his diagnosis. At that time, the doctor assigned to his case began an aggressive treatment regime that was mean to cure the cancer.

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