Say, Mr. Lim, 35 years of age, $ 100k earns annually. He is married with a 3 year old son. Should he dies, he wants his family for the next 25 years before his death due to an annual revenue of $ 60k with payments.His greatest debt outstanding with $ 250k, including your home mortgage. His wife is also working with her pay home mortgages will be able to serve.
Statement of net worth
Property
1. House Market Value 500k = $
2. Equity and Unit Trust $ 50 =
3. Bank deposit = 10k $
4. Existing life insurance $ 100k =
5. Employees Provident Fund (EPF) $ 200k =
6. Group insurance death benefit = $ 30k
Total assets 890k = $
Liabilities
1. Outstanding home mortgage 250k = $
Calculation
Money to develop a conservative projection of 5% per year, a little inflation outpacing.
The present value of annual income
PMT 60k = $ i = 5%, n = 25 years, PV =?
Current value $ 888k (good number!)
Son, the present value of the cost of education
FV = 150k $ i = 5%, n = 15 years, PV =?
Current price $ 72.152k
Total liabilities $ = (250k + 888k + 72.152k) = 1210k dollars (that's 1.2 million).
Decrease of $ 320k = $ (890k 1210k) is. The need for additional insurance coverage is a rough figure.
It is prudent to note that the reduction could be because it is less than:
1. Existing investments and bank deposits earn compound interest over the years if his wife well in their portfolio management can be after he is gone.
2. Their EPF funds and life insurance policies are seen as the sole beneficiary is his wife, the lump sum can be invested to earn compound interest.
3. We all know that real estate assets worth over the years to appreciate!
I'm sure that when you first started working and bought his first insurance, my agent just asked you how much premium you can afford to pay per month, and then he will quote you the coverage accordingly. An insurance agent came before me and offered such information. Well, then, with all that are interested I may not be on time, plus, when you are not married, yet is up to you.
Sunday, October 30, 2011
Sunday, October 23, 2011
Low Voltage Outdoor Lighting - Light Up the Deck and Garden
Outdoor lighting gardening as clearly as well as home security is important for the design. Low voltage outdoor lighting is subtle, but the light path and the landscape is bright enough for other key areas.
Expensive areas of a large number of landscape lighting to light with regard to energy use are considered. But the low voltage outdoor lighting that reduces the cost is very easy. As the owner of the house cut down energy consumption, he or she is less carbon emissions and lower costs.
Low voltage outdoor lighting, landscape lighting is just using a household electric current through the power transformer uses only 12V.
Landscape setting of the outdoor lighting is a painless process, and as appropriate when the kits are priced purchased from production centers or hardware stores. Expert installation of low voltage lighting can hurt the budget is not. Property owners will save money and save the world.
An important component of low voltage outdoor lighting transformers which essentially transforms electrical current to 12V and come with most kits. Kit will make crystal clear instructions that direct the setting.
Home owners in the outdoor landscape lighting should consider before placing their light requirements and many common views on security, ambiance, and are required.
The entry road lighting installation of the first places you should be light.
For security reasons, backyard lights hidden in those places where a thief can get into the house should include.
A selection of low-voltage lights are back. You have lights and down lights and even lighting can be in a garden pond can find. Low voltage lighting design makes it easy.
Expensive areas of a large number of landscape lighting to light with regard to energy use are considered. But the low voltage outdoor lighting that reduces the cost is very easy. As the owner of the house cut down energy consumption, he or she is less carbon emissions and lower costs.
Low voltage outdoor lighting, landscape lighting is just using a household electric current through the power transformer uses only 12V.
Landscape setting of the outdoor lighting is a painless process, and as appropriate when the kits are priced purchased from production centers or hardware stores. Expert installation of low voltage lighting can hurt the budget is not. Property owners will save money and save the world.
An important component of low voltage outdoor lighting transformers which essentially transforms electrical current to 12V and come with most kits. Kit will make crystal clear instructions that direct the setting.
Home owners in the outdoor landscape lighting should consider before placing their light requirements and many common views on security, ambiance, and are required.
The entry road lighting installation of the first places you should be light.
For security reasons, backyard lights hidden in those places where a thief can get into the house should include.
A selection of low-voltage lights are back. You have lights and down lights and even lighting can be in a garden pond can find. Low voltage lighting design makes it easy.
Friday, October 21, 2011
The Reason You Instinctively Mistrust Buying Life Insurance
It is an exaggeration to say that life will not buy insurance is not exactly popular. About two people in this country is not a life insurance. And that is something that, by default, because often they just do not care enough about it. Well, some of apathy may well be worth. Let's look at some reasons why buy life insurance is not popular.
Let's say the person who model insurance clients. He stops, never a single premium and 60 throughout his life and he may have lived before he died. Insurance company paid immediately and show your gratitude to your family? If he is someone who is moving around. At least 10 different major life insurance companies to not pay hundreds and hundreds of policies are under investigation. Not that anyone would say if they went with a policy and demand payment. It's just that they themselves will not make any effort to trace the family. The law requires that insurance companies check out the Social Security Administration's files to see who died. But they do not.
Buying life insurance is not a simple matter. Those cell phone contract, the more unpleasant and type of coverage, terms, exclusions and special reasons to go to every purchase you make are like that with hundreds more complex. If you simplicity, words like policies - life insurance policies that, rather than a specific number for the last years of life tend to be cheaper. Insurance salesmen, however, always the first policies to promote sustainable, because they will be far more expensive. Most people do not need all the extra features with those policies.
But above all the rest of the insurance agents do not promote sustainable policies, include lots of young families balk at the idea of spending all the way down and back. Now it is very sad. Families with young children - these people who are supposed to be affordable coverage. Even if it only lasts for 15 years, is it really worth it. Your family with young children is their most vulnerable stage. With a 15-year policy, his children are generally at least 20 years old. It just might cost you 20% of the cost of permanent policies. But those profits are not sufficient to promote the agent.
With life insurance, it's the same thing - they also have to check your hobby to find out if you'll do anything risky. They have a lot of other things to check your credit score. If you have poor credit, they think you are likely to lapse their policy.In fact, they want insurance, but they do not want insurance.
Let's say the person who model insurance clients. He stops, never a single premium and 60 throughout his life and he may have lived before he died. Insurance company paid immediately and show your gratitude to your family? If he is someone who is moving around. At least 10 different major life insurance companies to not pay hundreds and hundreds of policies are under investigation. Not that anyone would say if they went with a policy and demand payment. It's just that they themselves will not make any effort to trace the family. The law requires that insurance companies check out the Social Security Administration's files to see who died. But they do not.
Buying life insurance is not a simple matter. Those cell phone contract, the more unpleasant and type of coverage, terms, exclusions and special reasons to go to every purchase you make are like that with hundreds more complex. If you simplicity, words like policies - life insurance policies that, rather than a specific number for the last years of life tend to be cheaper. Insurance salesmen, however, always the first policies to promote sustainable, because they will be far more expensive. Most people do not need all the extra features with those policies.
But above all the rest of the insurance agents do not promote sustainable policies, include lots of young families balk at the idea of spending all the way down and back. Now it is very sad. Families with young children - these people who are supposed to be affordable coverage. Even if it only lasts for 15 years, is it really worth it. Your family with young children is their most vulnerable stage. With a 15-year policy, his children are generally at least 20 years old. It just might cost you 20% of the cost of permanent policies. But those profits are not sufficient to promote the agent.
With life insurance, it's the same thing - they also have to check your hobby to find out if you'll do anything risky. They have a lot of other things to check your credit score. If you have poor credit, they think you are likely to lapse their policy.In fact, they want insurance, but they do not want insurance.
Tuesday, October 18, 2011
What Is Work-Life Balance?
This is a subject most companies and individuals define, measure, or the impact that conflict. Why is it difficult? Because the definition is clear - that a proper balance between work and life, interpretation may vary.
Consider a newly promoted manager. They are eager to learn and are eager to make an impact. They have a large amount of energy and enthusiasm and often come in early or stay late. They have a good work-life balance? Or, how the CEO who basically 24 / 7 phone, and heavy travel and meeting schedule as well. They have a good work-life balance? The answer will depend on the individual.So what's the difference? We can choose how we spend time.
"Four dimensions of our nature renewing" - Stephen R. Covey 7 is the habit of sharpening the saw. These four dimensions of the mental (reading, writing, visualizing, planning), (exercise, nutrition, stress management), physical, social / emotional (Service, Empathy, Synergy, internal security), spiritual (value clarification and commitment, study and meditation). It is about looking after our own and create balance in our lives.
So how do we sharpen the saw, or to improve our work-life balance? We have choices to make! We got down to business - Set goals and time schedule for things in each of four dimensions. No one else will do it for us! Sounds simple right? So why do not more of us do it? A fear or belief that our owner, for example, might think we're not working hard enough? We lack the skills and knowledge?
It appears it is always black and white?
Workload distribution operations planning system
- Role scoping and review
- Daily priority planning objectives through time management system
Response system for managers and staff to review the causes and actions
Welfare program
- Dependent care programs
- Expect the settings to make it clear to employees on a regular basis are not expected to work excessive hours
- Flexible working practices
It will also make the choice will depend on staff with.
"Sometimes when I consider what tremendous consequences come from little things ... I'm tempted to think ... there are no little things" Bruce Barton ~
Consider a newly promoted manager. They are eager to learn and are eager to make an impact. They have a large amount of energy and enthusiasm and often come in early or stay late. They have a good work-life balance? Or, how the CEO who basically 24 / 7 phone, and heavy travel and meeting schedule as well. They have a good work-life balance? The answer will depend on the individual.So what's the difference? We can choose how we spend time.
"Four dimensions of our nature renewing" - Stephen R. Covey 7 is the habit of sharpening the saw. These four dimensions of the mental (reading, writing, visualizing, planning), (exercise, nutrition, stress management), physical, social / emotional (Service, Empathy, Synergy, internal security), spiritual (value clarification and commitment, study and meditation). It is about looking after our own and create balance in our lives.
So how do we sharpen the saw, or to improve our work-life balance? We have choices to make! We got down to business - Set goals and time schedule for things in each of four dimensions. No one else will do it for us! Sounds simple right? So why do not more of us do it? A fear or belief that our owner, for example, might think we're not working hard enough? We lack the skills and knowledge?
It appears it is always black and white?
Workload distribution operations planning system
- Role scoping and review
- Daily priority planning objectives through time management system
Response system for managers and staff to review the causes and actions
Welfare program
- Dependent care programs
- Expect the settings to make it clear to employees on a regular basis are not expected to work excessive hours
- Flexible working practices
It will also make the choice will depend on staff with.
"Sometimes when I consider what tremendous consequences come from little things ... I'm tempted to think ... there are no little things" Bruce Barton ~
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