Without insurance, life is really unsafe. Insurance acts as a guarantee to a person and his family. Here let us discuss more self-insurance and the latest news and updates on Insurance. The person sets aside a set amount of money regularly to cover the losses of any anticipated risk. While it may be referred to as “self-insurance,” it is not insurance at all because there is no hedge, no moving or distributing of the risk weight across larger individuals. In this case, the insured acts as his insurer for the specific risk. However, it can only be properly implemented when a wide range of risks are exposed to the same hazard; it may be less expensive if the loss is significant.
As the fund grows, it becomes the property of the insured, who can invest it as he sees fit. He doesn’t pay any commissions to agents, and he doesn’t incur any additional costs for office maintenance. As a result, on the one hand, the return on investment will be better, while on the other hand, the operational costs will be lower. The self-insurance program will be successful if:There are a variety of properties such as machines, automobiles, house factories, and so on. The properties or units are widely dispersed, and they are exposed to a variety of threats. The dangers are higher in one location and lower in another. As a result, a shipping company with a large number of ships or an automobile manufacturer with a huge number of automobiles can profitably adopt this system. Certainly, fear of limiting risks and resources should prevent this method from being implemented.Self-insurance cannot be used effectively by businesses where losses are difficult to forecast, there is no good administration of collected money, and the accumulated funds are insufficient at the time of the contingency.
Recently news arrived where according to persons familiar with the situation, Sunil Agarwal has been named chief financial officer of Life Insurance Corporation of India, as the state-backed insurer prepares for the country’s largest initial public offering. According to the people, Agarwal’s appointment is the first time the 65-year-old insurance has hired an outsider for its top finance role, and it is aimed at aligning the 65-year-old insurer with market norms as it looks to go public. According to the persons, Agarwal , who was the CFO of Reliance Nippon Life Insurance Co Ltd. till 2018, has been appointed on a contract basis as of this month. As it prepares for the IPO, LIC will draw on Agarwal’s experience to communicate with investors and prospective shareholders.
His hiring comes roughly six months after LIC put up a job posting for a CFO in September. A representative from the LIC declined to comment on the appointment. Prime Minister NarendraModi’s government expects LIC’s IPO to collect around 650 billion by diluting a 5% interest in the insurer by the end of this month, helping to close a gaping budget deficit. The prolonged turbulence in global markets following Russia’s invasion of Ukraine, however, has placed doubt on the intention to launch the offering this month.
At some point in our lives, we struggle financially and try to find a solution. A loan in this situation is very beneficial, but the dilemma of personal and bank loans makes it a bit complicated. It is important to find a moneylender that is voted best money lending jurong. The choice between personal loans and bank loans in Jurong, Singapore, depends on your specific financial situation and needs.
Let’s understand the major differences to make an informed decision to avoid any problems.
Personal Loans:
Purpose: Primarily used for personal expenses like medical bills, home renovations, debt consolidation, or travel.
Eligibility: It is important to have a good credit score and a steady source of income.
Interest Rates: Typically higher than bank loans due to their flexible nature and potential for higher-risk borrowers.
Repayment Terms: Shorter repayment periods, often ranging from 1 to 5 years.
Loan Amounts: Vary widely, but can be obtained for smaller amounts than bank loans.
Bank Loans:
Purpose: Typically used for larger purchases like property, vehicles, or business ventures.
Eligibility: Requires a strong credit history and a substantial income.
Interest Rates: Generally lower than personal loans due to their secured nature and lower-risk profile.
Repayment Terms: Longer repayment periods, often extending to 10 or more years.
Loan Amounts: Larger loan amounts are available compared to personal loans.
Key Factors to Consider:
Purpose: Determine whether your loan is for personal or business use.
Loan Amount: Consider the amount you need to borrow.
Repayment Period: Evaluate your ability to repay the loan within a specific time frame.
Interest Rates: Compare interest rates from different lenders to find the most favourable terms.
Fees and Charges: It is important to be aware of associated or additional charges that can be added to a loan.
Additional Tips:
Shop Around: You should always consider comparing the money lenders to understand the best deal for you.
Consider Your Financial Situation: Assess your income, expenses, and debt obligations before taking on a loan properly.
Conclusion
When it comes to taking a loan we need to consider the best option available which totally depends on the conditions. The best choice between personal loans and bank loans in Jurong depends on your circumstances. By carefully considering these factors and seeking professional advice if needed, you can make an informed decision that aligns with your financial goals.
Getting a debt is a financial decision that will come with age-related legal stipulations. The legal age to secure a loan varies across the globe, reflecting each country’s legal system, cultural norms, and financial regulations. Knowing about these age requirements is a must for young adults planning to manage their finances self-sufficiently. Below is a discussion of the allowed ages to get a loan in various nations around the world. Before you jump in, to reach an organization good at moneylender ang mo kio, feel free to visit Jr Credit.
United States of America
In the US, the ideal age to enter into a binding financial contract, including taking out a loan, is 18. This applies to all types of loans, including personal, auto, student, and home loans. However, lenders often require a co-signer for applicants under 21 unless they have a verifiable income sufficient to repay the loan. This requirement is intended to protect younger borrowers from taking on debt they cannot manage.
United Kingdom
Similarly, in the United Kingdom, the minimum right time to get a loan is when someone gets 18. This age limit applies to various financial products such as personal loans, credit cards, and mortgages. Lenders assess an applicant’s creditworthiness and income to ensure they can manage repayments. For substantial loans, like mortgages, additional requirements, such as proof of stable income and credit history, are mandatory.
Australia
In Australia, the legal age to enter into a loan agreement is also 18. Young adults can apply for personal loans, credit cards, and other financial products once they reach this age. However, similar to other countries, lenders may impose stricter requirements for younger borrowers, including the need for a steady income and a good credit record.
Canada
Canadian law stipulates that individuals must be 18 or 19, depending on the province, to legally obtain a loan. For example, the legal age is 18 in provinces like Alberta, Manitoba, Ontario, and Quebec, while it is 19 in British Columbia, Nova Scotia, and Newfoundland and Labrador. People normally require their income certificate & guarantee for loan sanction.
India
In India, the minimum age to apply for a loan is 18. However, lenders often prefer applicants to be at least 21 for more significant loans like home or business loans. For loans such as student loans, which are typically needed at a younger age, financial institutions may require a parent or guardian to co-sign the loan.
Briefly
The lawful age to secure a debt varies internationally, but within 18 – 21 years. While reaching the permitted oldness is the first step, lenders across these countries often require additional proof of income and creditworthiness, especially for younger borrowers. Understanding these requirements is vital for young adults planning to take out loans and manage their finances responsibly. It won’t be an issue if you’re in the United States, Germany, India, or Japan, being informed about the legal and financial prerequisites will help you navigate the loan application process with confidence.
Toa Payoh is a vibrant residential town in Singapore known for its rich history and dynamic community. As financial needs arise, having access to a reliable money lender can be crucial for managing personal and business finances effectively. This guide will help you understand how to find a good money lender in Toa Payoh and the benefits they offer.
The Importance of a Good Money Lender
A good money lender provides more than just financial assistance; they offer transparency, flexibility, and ethical practices. When you find a reputable lender, you gain a partner who helps you navigate financial challenges with confidence. Licensed money lenders adhere to regulations set by the Ministry of Law in Singapore, ensuring that all lending practices are legal and ethical.
For example, SKM Credit is known for being good at money lender Toa Payoh. Their commitment to transparent and ethical lending practices makes them a trusted choice for many in the community.
Working with a Decent Moneylender
One of the main advantages of working with a licensed money lender is the speed at which you can obtain funds. Unlike traditional banks, which often have lengthy approval processes, licensed money lenders can provide quicker approvals, ensuring you get the funds when you need them most.
Good money lenders offer a variety of loan products to meet different financial needs. Whether you need a personal loan, a business loan, or another type of financial assistance, having flexible options allows you to choose the best fit for your situation.
Transparency is crucial in financial transactions. Licensed money lenders provide clear information about interest rates, repayment schedules, and any associated fees, ensuring you fully understand your financial obligations.
Licensed money lenders are required to follow ethical lending practices, including offering reasonable interest rates and fair repayment terms. This ensures that borrowers are treated fairly and with respect throughout the loan process.
What Is SKM Credit?
One reputable option in Toa Payoh is SKM Credit. Known for their customer- centric approach, SKM Credit offers a range of loan products with competitive interest rates and flexible repayment terms. Their commitment to transparency and ethical practices ensures that borrowers are treated fairly and receive the support they need throughout the loan process.
Final Words
Dealing with economic needs in Toa Payoh requires understanding and access to reliable financial solutions. By choosing a good money lender, you can ensure that your financial needs are met efficiently and responsibly. Licensed money lenders like SKM Credit provide transparent, ethical, and flexible loan options, making them a top choice for many residents and businesses in the area.
By partnering with a reputable money lender, you can cross all your issues with poise, knowing that you have a trusted buddy to support you through the procedure.
As one of the most important steps in many people’s or families’ lives, a home loan indicates the beginning of home ownership and the fulfillment of their long-cherished hopes. Yet, the mortgage process might be too complicated to comprehend and even traumatic with the ever-changing economic climate and diverse real estate conditions. Contact your nearest money lender Singapore, for all of your requirements, just by clicking the link.
Know Your Financial Situation:
Before applying for a mortgage, inventory your financial position. Compute your income, expenses, savings, and credit history to determine how much you can borrow and repay without strain. Focus on issues such as job security, debt-to-income ratio & near-term financial goals to evaluate if you are ready to become a homeowner.
Study Moneylenders:
Different lenders may not be the same; hence it is highly advisable to look around and compare loan offers from many lenders. Check for interest rates, loan lengths, fees, and customer service reputation when selecting one. The Internet, online study, mortgage comparing websites, & references from friends or family can assure that your chosen lender offers the best rates as well as the most suitable terms.
Select the Best One:
Look carefully for various credit programs available to home buyers, including conventional loans, FHA loans, VA loans, and USDA loans. Each program has its specific eligibility, DP requirements, and benefits. Choose the debt program that best suits your financial status, goals, & taste. Knowing your options by consulting with a mortgage professional will help you weigh them properly.
Get Pre-Approved Before House Hunting:
Pre-qualifying for a mortgage may be an edge in the property market because you can conduct a public search for a property. Pre-approval is a signal to the owners that you are a serious and reliable person, which gives you more opportunities for getting a home of your preference. Apart from that, the pre-approved loan amount that you are given can help you remove some properties that your budget does not provide for.
Save for a Down Payment & Closing Costs:
Be ready with a deposit and closing costs by saving up to a year before applying for the loan. One such loan program, however, offers no or low DP but the price of purchasing as a whole & monthly payment both can be cut by making a larger DP. Other than this, setting aside 2% – 5% of the house purchase price in the budget for the closing cost to remove unexpected charges.
Final Statement:
Obtaining a mortgage is a big financial stepping stone that requires careful thinking. By realizing your financial status, doing your homework on lenders, getting pre approved, selecting an appropriate loan plan, saving for a down payment, scrutinizing the loan terms, maintaining good credit, and preparing financially for home ownership expenses, you will lay the foundations for your house owning success in 2024. Do not forget that they can always help you to make the right decisions by seeking advice from trustworthy professionals like mortgage lenders or real estate agents.
Tax season can be a daunting time for businesses of all sizes, but it doesn’t have to be. Small and local businesses, in particular, often face unique challenges when it comes to preparing and filing their taxes in Charlotte NC. There’s a solution that can ease the burden and ensure a smooth tax season experience: McGrant Tax & Bookkeeping. In this article, we’ll explore how McGrant Tax & Bookkeeping’s services can make tax season stress-free for local businesses by emphasizing accurate record-keeping and expert tax preparation.
The Importance of Accurate Record-Keeping
One of the fundamental pillars of a successful and stress-free tax season is accurate record-keeping. For many businesses, especially smaller ones, this can be a challenging task. McGrant Tax & Bookkeeping understands the importance of meticulous record-keeping and offers specialized services to help local businesses maintain precise financial records throughout the year.
Organized Financial Records: McGrant Tax & Bookkeeping’s team of dedicated professionals will ensure that your financial records are organized and up-to-date. This not only makes tax preparation more efficient but also reduces the chances of errors and discrepancies in your tax filings.
Expense Tracking: Keeping track of business expenses can be a time-consuming process, but it’s crucial for maximizing deductions and minimizing tax liabilities. McGrant Tax & Bookkeeping can help local businesses track expenses accurately, ensuring that you don’t miss out on any potential deductions.
Timely Documentation: Meeting tax deadlines is crucial to avoid penalties and interest charges. With McGrant Tax & Bookkeeping’s assistance, you can rest assured that all your financial documentation will be prepared and submitted on time, eliminating the stress of last-minute rushes.
Expert Tax Preparation
While accurate record-keeping is the foundation of a successful tax season, expert Charlotte tax preparation is equally important. McGrant Tax & Bookkeeping’s team of experienced professionals possesses an in-depth understanding of the ever-changing tax laws and regulations, ensuring that your business is in compliance while optimizing your tax return.
Tax Planning: McGrant Tax & Bookkeeping will work closely with your business to create a customized tax strategy that aligns with your financial goals. This proactive approach can lead to significant tax savings, helping you keep more of your hard-earned money.
Error-Free Filings: Tax forms and regulations can be complex, and even a small mistake can lead to costly repercussions. McGrant Tax & Bookkeeping’s experts are well-versed in tax laws and will ensure that your tax returns are error-free, reducing the likelihood of audits or penalties.
Audit Support: In the unlikely event of an audit, having McGrant Tax & Bookkeeping on your side can provide peace of mind. Their team will assist you throughout the audit process, helping you navigate it smoothly and efficiently.
Tax season doesn’t have to be a source of stress and anxiety for local businesses. Charlotte bookkeeping‘s commitment to accurate record-keeping and expert tax preparation can transform your tax season experience from a headache into a seamless and stress-free process. By entrusting your tax needs to their capable hands, you’ll not only save time and money but also gain the confidence that your business is in compliance with all tax regulations. Say goodbye to tax season stress and hello to financial peace of mind with McGrant Tax & Bookkeeping’s invaluable services.
Yes, a solicitor can guide you through and maybe settle a business dispute. Commercial disputes can occur in a variety of situations, including contract disputes, partnership problems, employment concerns, disputes over intellectual property, debt collection, and business agreement violations. You can get helpful legal counsel, advocacy, and assistance from a business law specialist throughout the dispute resolution procedure by hiring one.
Here’s how a solicitor can help with your commercial dispute:
Legal Assessment: The specifics of your case, including any contracts, agreements, communications, and related documents will be reviewed by a solicitor. They will evaluate the advantages and disadvantages of your position and study the legal issues of your dispute.
Strategy Development: Based on their expertise and understanding of commercial law, a solicitor will develop a strategic plan to address your dispute effectively. They will advise you on the available options, potential outcomes, and the most suitable approach for resolving the conflict.
Negotiation and Mediation: A solicitor can negotiate on your behalf or represent you during mediation sessions with the opposite party. They will fight for your rights, look for reasonable alternative solutions, and make an effort to come to an agreeable compromise.
Legal Documentation: Legal communication, settlement agreements, or other legal papers may be required in business disputes. To safeguard your rights and interests, a solicitor may draft, review, and make sure these papers are accurate and enforceable.
Litigation and Court Representation: If mediation or another kind of alternative resolution don’t work, a solicitor can defend you in court. In order to support your stance before a court or jury, they will prepare your case, make arguments, compile evidence, and present your case.
Expertise in Commercial Law: Solicitors that focus on commercial law have a thorough knowledge of the relevant statutes, case law, and legal precedents. They may use this expertise to your particular case, giving you excellent legal counsel and assisting you in navigating challenging legal matters.
Cost and Risk Management: A solicitor can evaluate potential expenses, dangers, and advantages of taking legal action or resolving the disagreement. Considering your unique situation and goals, they will advise you on the most advantageous and cost-effective course of action.
It is essential to engage a solicitor, such as those at Darwin Gray, with expertise in commercial law and dispute resolution. By working closely with a skilled professional, you can benefit from their legal knowledge, experience, and guidance to help resolve your commercial dispute in a manner that aligns with your best interests.
Budgeting, forecasting, and reporting are core tasks in any business – but, for many entrepreneurs and business owners, they are also a necessary evil to deal with when running their business. And yet these tasks don’t have to be time-consuming or resource-intensive!
As an entirely customisable cloud-based solution, ProForecast can automate your reporting duties, streamline budgeting and forecasting, and provide unparalleled levels of accessibility to your teams. What’s more, the system is designed to fully integrate with your business’s systems and deliver accurate financial and non-financial data through a highly interactive platform.
Ready to take your business’s budgeting and reporting to the next level? Book a ProForecast demo today or get in touch with our team at +(44)191 691 7501.
All-in-One Solution for Budgeting, Forecasting, and Reporting
ProForecast is designed as an all-in-one solution that allows your business to manage your business’s financial tasks from a single, interactive interface. Thanks to the high levels of accessibility, customisation, and automation it provides, it can help your organisation make better, data-driven strategic decisions and tap into the potential of accurate and highly reliable datasets.
Some of the highlights of adopting ProForecast in your business include:
Reduced reporting timelines
Improved use of human resources
Optimised system implementation times
Access to more accurately elaborated data
Tailored reporting features
High levels of accessibility from any device
Increased integration with other systems
High levels of security
Features and Benefits
ProForecast offers a growing range of benefits for all businesses operating within the mid-market.
Whether you are looking to scale up your operations or optimise the efficiency of your current workflows, it can help you save time and resources, reduce the risk of human error, and streamline otherwise-daunting tasks such as budgeting, forecasting, and reporting.
Unparalleled Flexibility and Customisation Potential
Every business is unique and finding a reporting and budgeting system that meets your unique needs is often crucial to the success of your projects. That is where ProForecast can help.
The software allows you to customise your reports and create appealing on-brand documents to share with internal and external stakeholders. Thanks to its Data Visualisation and dashboard creation functionalities, it allows you to convert figures in multiple currencies, download documents in several formats, and access tailored dashboards.
Cutting-Edge Automation Features
For many businesses, budgeting, forecasting, and reporting are time-consuming tasks. However, crafting accurate budgets, delivering consolidations, and filing quarterly or monthly closings does not have to take several weeks’ worth of work!
Thanks to the many automation features, you can now free up the time and energy of your best talent and use their capabilities for higher-value, strategic tasks.
The Instant Cash Flow Model and living forecast functionalities allow you to visualise your entire financial dataset and history from a single interface.
Fully Integrated with Your Business’s Systems
Technology can certainly streamline business operations – but it can also hinder your workflows if it does not integrate well with the other systems you are using! Thanks to the included functionalities, you can now integrate your budgeting and reporting software with Pegasus, Quickbooks, Microsoft Dynamics 365, and many more.
What’s more, thanks to these integrations and ProForecast proprietary training program, the system’s adoption times can be reduced to 4-12 weeks, and you can import and export financial data from various sources, including Accounts IQ and CVS files.
Unprecedented Accessibility
Being a Cloud-based solution, your dashboard will be accessible to authorised members of your teams at any time, from any device. Whether you have introduced a hybrid model work system, or you are looking to boost productivity, accessibility levels allow your financial experts to collaborate and access essential data as needed, including Audit Trails and reports.
Accurate and Reliable Data in Real Time
Data has become the backbone of any business operation, and it has never been more important for organisations to have the tools and systems in place to collect, elaborate, and use large datasets.
Thanks to Rapier AI engine, you can now collect real-time, accurate data and complete thorough analyses. Additionally, the AI-powered system can automate labour-intensive data-entry tasks, boost your data visualisation capabilities, and support better business decision-making. In turn, such high levels of visibility and accurate insights allow you to drill down and extrapolate essential information and patterns necessary to establish a winning strategy for your business.
Save Time and Resources with Self-Service Reporting Capabilities
Do your best talents spend hours – or days! – at work preparing quarterly closing and consolidating reports? Your business is certainly not the only one dealing with this issue!
However, with ProForecast, you no longer have to deal with this waste of precious resources!
By automating tedious and labour-intensive processes, you can reduce the risk of human error and refocus your human resources on more valuable tasks for your business’s success. What’s more, thanks to the many self-reporting capabilities, you can enable data-driven business decisions, create custom reports, use filters and formatting to quickly access valuable data, and build and edit reports using live data.
Make Your Business’s Financial and Non-Financial Data Work Harder for You
Being able to collect and elaborate financial and non-financial data can offer your business a unique – and invaluable – competitive edge. By introducing ProForecast, you can now visualise, plot, and access highly reliable and accurate datasets.
In turn, this allows you to dive deep into your financial history and live data, which can help you boost the efficiency of your business decision-making.
In terms of data security and sustainability, the system boasts data backup functionalities and is supported by a UK-based data centre powered by renewable energy.
Build Around Your Business’s Goals
ProForecast is the first solution for financial reporting for businesses built entirely around the unique needs and goals of mid-market enterprises. This innovative software is entirely tailored to your growth objectives and can support scaling and expansion.
From helping you gain the trust of your stakeholders and investors to optimising your internal resources and can help you streamline your operations and set your organisation up for growth and success.
Ready to take the next step? Book your demo today or get in touch with our team of experts to better understand what to expect from the implementation and benefits of ProForecast.
Looking beautiful and pretty is the dream of every person. There is no doubt in stating that every individual wants to show off their beauty. Beauty is basically the combination of features and shapes that enhances the aesthetic senses. It is no doubt to say that the opposite gender is attracted by beauty. Nowadays, people are going towards the field of the beauty market to build a good and successful career. The beauty market has been on trend in recent times. It is important for an individual to have proper training in the beauty field to have an edge in the market. It is important to do the courses at a recognised university, as it will add value to the resume and hopefully lead to a decent job in the future. This article provides a general overview of the six factors to consider before choosing a makeup academy.
Six factors to consider before choosing the makeup academy
There are various things that an individual should consider before choosing a makeup academy. An individual should consider the list of all the courses provided by the makeup academy. Another factor that should be taken into account is the workings of the alumni of the makeup academy, because they will give an idea of the progress and reach of the academy in the real world. So, an individual should always consider the feedback from the passed-out students. A person should consider the products used by the makeup academy, like concealer, foundation, lipstick, etc. For more information click best makeup academy in Dubai.
It is important to note that a good academy always encourages its students to use good products for better results. A good makeup academy will always help the students build a good portfolio because it denotes their progress. It is no doubt that the end result of enrolling in the makeup academy is to secure a good job or to work with successful people.
Conclusion
Makeup schools provide individuals with the skills they need to understand the usage and application of cosmetic products and give practical training in this field. There are many makeup academies in the world that offer courses in this field. An individual should always look for certain factors before choosing the makeup academy, like the reviews of past students, price, feedback, etc., and make a wise decision.
When trading stocks, you will analyse data to decide when to buy or sell. Traders use technical analysis tools to help predict future stock prices by looking at past price patterns and market trends. When it comes to technical analysis, there are many tools that stock traders in Singapore employ to try and predict future price movements. Some popular technical analysis tools include trend lines, support and resistance levels, moving averages, candlestick charting, and Fibonacci retracement levels. Navigate here to start using technical analysis tools for yourself.
Trend lines
A trend line joins two or more price points with a straight line on a chart. It is used to show the overall direction of the market. Uptrends are markets where prices consistently make higher highs and higher lows. Downtrends are markets where prices consistently make lower highs and lower lows.
Support and Resistance Levels
Support and resistance levels are key price levels that traders closely watch because they act as reversal points in the market. The market tends to find buyers and move higher at a support level. A resistance level is where the market tends to find sellers and start moving lower.
Moving Averages
A moving average conveys the average price of a security over a certain period. Traders use moving averages to identify trends and trend reversals. There are different moving averages, but the most common ones used by traders are the simple moving average (SMA) and the exponential moving average (EMA).
Candlestick Charting
Candlestick charting is a favoured tool used by traders to analyse price data. Candlestick charts show a security’s open, high, low, and close prices over a certain period. They also provide information on whether prices are rising or falling.
Fibonacci Retracement Levels
Fibonacci retracement levels are technical analysis tools traders use to identify support and resistance levels. Fibonacci retracement levels are based on the Fibonacci sequence, a series of numbers where each number is the sum of the two previous numbers.
Relative Strength Index (RSI)
The relative strength index (RSI) evaluates the speed and change of price movements. The RSI is used to identify overbought and oversold conditions in the market. It is also used to spot divergences and discrepancies between the price action and the RSI.
Bollinger Bands
Bollinger bands are technical analysis tools that are used to measure market volatility. Bollinger bands are created by plotting two standard deviations above and below a moving average. They help traders identify when the market is overbought or oversold and can also be used to spot divergences.
MACD
The moving average convergence divergence (MACD) is a technical indicator that shows the relationship between two moving averages. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The MACD line is plotted on a separate graph below the price chart and is used to identify trend reversals.
Pivot Points
Pivot points are technical analysis tools traders use to identify potential support and resistance levels. Pivot points are calculated using a security’s high, low, and close prices. There are different types of pivot points, but the most common ones used by traders are the standard pivot point (SPP) and the Fibonacci pivot point (FPP).
Ichimoku Cloud
The Ichimoku cloud is a technical indicator that shows the average price of a security over a certain period. The Ichimoku cloud is created by plotting two standard deviations above and below an average price. Traders can use the cloud to identify trends and trend reversals and to spot divergences.
Stochastic Oscillator
The stochastic oscillator is a technical indicator that measures the speed and change of price movements. You can calculate the stochastic oscillator by subtracting the 14-period low from the 14-period high. The stochastic oscillator is plotted on a separate graph below the price chart and is used to identify overbought and oversold conditions in the market.
Average True Range
The average true range (ATR) is a technical indicator that measures the volatility of a security. The ATR is calculated by taking the sum of the 14-period high and the 14-period low and dividing it by two. The ATR is plotted on a separate graph below the price chart and is used to identify trends and trend reversals.
FRESNO, CA, USA – Insurance policies are expensive, which means that many people try to cut corners to save money on premiums. When this happens, the policies don’t have enough coverage for some of the larger claims.
Every insurance policy has insurance limits, as Wellman Shew explains. The owner of Shew & Company Insurance Services urges everyone to look at the details of a policy to see how much the insurance company will pay out in the event that a claim is filed.
If the total damages add up to more than the maximum payout in the policy, the remainder becomes the financial responsibility of the insured…or the at-fault party. In some instances, the remainder can add up to thousands if not tens of thousands of dollars.
Wellman Shew recommends an umbrella insurance policy as a way to prevent a person or company from going bankrupt over a single insurance claim.
What is Umbrella Insurance?
Umbrella insurance is described as the kind of insurance that is needed for a rainy day. Everyone assumes that nothing bad will happen to them, so they skimp on their insurance needs. Wellman Shew explains that umbrella insurance serves as the umbrella over all of a person’s individual policies.
In the event that auto insurance, home insurance, or even medical insurance doesn’t cover the full extent of a claim, umbrella insurance will step in to cover the additional expenses.
There are countless options when creating an umbrella policy in terms of what policies it will cover as well as how much the policy should be worth. While some people choose small coverage levels, others choose larger ones. It is often dependent on the value of existing policies.
Agency Manager Wellman Shew Identifies the Benefits
Umbrella insurance is often forgotten because it’s not a common policy. Most insurance agents don’t sell it or promote it because the average insurance customer is looking to save money – not spend money on added coverage.
There are considerable benefits to the policy, however.
Affordable premiums
Prevents having to pay out of pocket
Adds coverage to multiple policies
Agency Manager Wellman Shew has worked extensively with companies on group employee benefit programs. He has also worked with personal insurance and business and estate life insurance. He has seen firsthand how one claim can be filed that far exceeds what most people can afford.
His recommendation to everyone is to look at the coverage levels of all policies. An umbrella policy can be added with an affordable premium. And the protection that it can offer will pay for itself within one claim being filed.
