Takaful Is For Non-Muslims Too

The universality of Islam as a religion is clearly reflected in its financial system. Products and services of the system are not meant only for a particular sector of the society. Needless to say, to Muslims these products are undoubtedly essential in fulfilling the obligations required upon them as a religious duty. In this manner they would be free from dealing at least with riba and gharar, two of the elements that are strictly prohibited in Islam, in their financial transaction. Nonetheless, no matter how critical these divine features may be, the system would certainly be of no practical use if it would not able to meet specific objectives or needs of its users. No matter how Islamic would the system be and how impeccable the track record as well as the credentials of its provider or operator, it would not create the appetite for the demand of the system if it is not consumer oriented. After all, it has been the universal wish of Muslims in general to have a workable Islamic financial system in place that can fulfil their financial needs and satisfy their day-to-day business and commerce in accordance with the Islamic injunction. In other words being Islamic alone would not be sufficient unless the system can satisfy the modern-day financial requirements of both individuals as well as corporate bodies.

takaful concept
takaful concept

Financial transactions cannot be separated from the process of trade or commerce. Banking and insurance are two relevant examples of modern-day financial services that would facilitate and boost trade and commerce. It is a fact that modern-day trade and commerce would not flourish and thrive as can be witnessed today without the financial services of banking and insurance. As trade and commerce in general are essential to all, and therefore practised by Muslims and non-Muslims alike, the need for financial services to facilitate activities of trade and commerce are thus universal. But Muslims are compelled to ensure that these services in the first place, are based on the requirements and practices of Shariah. In the area insurance, it is therefore incumbent upon Muslims to establish a system acceptable to these rules. Hence following the introduction and development of Islamic banking, takaful came into being as an Islamic alternative to the conventional insurance system that can complement Islamic banking.

Nevertheless unlike specific obligations required to be performed and strictly adhered to by Muslim individuals as a sacred religious duty, Islamic financial system, including takaful, is open to all. In this respect, it is essential to clarify and make clear at the outset to non-Muslims, that takaful products are not solely meant for Muslims.

Towards this end, any person who requires insurance cover, may participate in any of the takaful products that would satisfy his needs. For example a car owner may participate in a motor takaful scheme, a house may be protected against fire under the fire takaful scheme and an individual may effect a family takaful plan as a means to avail of a certain financial benefit for his family in the event of his early death. What is important as participant or user of the product he must agree and abide by the terms and conditions of the contract that are based on the rules of Shariah. These terms and conditions shall be applicable to both Muslim and non-Muslim participants. Thus a non-Muslim cannot request for exemption even he may not agree to any of the terms and conditions simply on the grounds that he is not practising the Islamic faith. In other words a contract of any takaful product that applies to one shall apply to all. From the standpoint of the contract, obligations and responsibilities between and among the relevant parties are similar and equally applicable to all. Upholding this contractual principle is critical to ensure takaful is as creditable as any form of financial system. Above all, as an insurance product, takaful ought to be at par and at the level playing field with conventional insurance in terms of what it can offer. Yet having said this, takaful has proven to be consumer friendly. Indirectly the profit-sharing agreement as well as the adoption of the financial policy of not charging the operator’s overhead and management expenses on the participant’s contribution demonstrate the principle of putting the interest of consumers first.

Reflecting further this universal value, there is also no discrimination in terms of individuals who may be accepted to participate in takaful. Essentially, any individual who desires for the product and has the capacity as well as the means to fulfil the financial obligations required by takaful in accordance with its contract may participate. However, specifically for family products that provide benefits similar to conventional life insurance policies, the question that may arise would be related to how would extra contributions be calculated for `impaired life’ in view that no payment equivalent to premium is charged under takaful. It is common knowledge in the conventional practise, loading would be charged as extra premium on a policyholder who suffers from certain sickness or disability. Obviously, the concept of paying extra `price’ would be possible in the conventional system as it is based on a buying-selling transaction.

On the contrary, the money paid by a participant in respect of a family product is his instalments for the long-term savings, which also include his share of donation towards a common mortality fund called the Participants’ Special Accounts (PSA). The total sum of donation accumulated in the PSA would be used to pay compensation or benefit in the event of death of a participant before the maturity or expiry of his family plan. For this purpose PSA would be similar to insurance.

In view that the donation portion of the instalment, made in accordance with the Islamic principle of tabarru’, is based on a certain mortality table and other actuarial principles, how would therefore takaful consider and evaluate a proposal from an individual with an `impaired life’ to participate in a family plan. As trustee, the operator is responsible to ensure that the takaful fund, especially the PSA should not be unjustly over exposed simply due to undercharging, incorrect or inadequate amount of tabarru’. In a worst-case scenario the PSA may face a position of deficit, should its assets be determined insufficient to meet it expected liabilities.

As a system that practises joint-guarantee among participants, in the event of loss due to a misfortune, takaful should also be viewed from the perspective of partnership. Hence at the point of entry all participants should be considered as equal partners in terms of their physical health. Any change in this partnership status due to a fortuitous event or a misfortune inflicting upon a participant leading to the payment of benefit or compensation from the PSA is what takaful trying to strive for.

It therefore follows that if it is made known a participant is suffering from a certain disease or disability at the point of entry he is therefore considered to be an unequal partner to other normal participants. To enjoy the benefit provided by the PSA in line with the contract of takaful, he would be required to donate as tabarru’ a relatively higher sum in comparison with normal participants. In other words his savings portion would be correspondingly lower by the relatively extra amount of tabarru’ that is required upon him. Again in this regard the additional tabarru’ rate would be determined on the actuarial basis. In this manner takaful is transparent, fair and more importantly seen as steadfastly upholding the principle of equity which would pave the way for all individuals irrespective of their physical conditions the opportunity to participate in its products.

M&W Patterns Free Indicator MT4

I would like to talk about M&W Patterns (old fashionned Patterns) that are constantly drawn on Forex market. It happens on regular basis on low time frame like (M30 & H1). Patterns on higher TF are more reliable but it doesn’t happen that much (H4 & D1).

MW Tetris
MW Tetris

M&W Patterns are repetitive structure price left on the cycle move. A “M” Pattern is the way the market is producing a double bottom (creating a support zone) that could be interesting to look at. A Long opportunity can be detected there. On the opposite side, when market (chart) draws a “W” Pattern, it creates a resistance level which could be interesting to look for short opportunities. In the video, I show the W that happened. I entered short on the top of the W.

Since I got interested on these patterns, I have notice a particular point where market could also react. It’s in fact the Kel level to watch for further direction or time to reverse the initial position. I called it “CP” Center Point. It’s the middle price level of the structure of the pattern. In the video I placed Takeprofit on that “CP” level. Another great thing of this strategy is the Risk/Reward. SL is always tight as we are supposed to enter on support or resistance… if market goes into the opposite of the trade and so breaking out M base or W roof… it is pointless to keep alive the position.

I have created the M&W Pattern Indicator for MT4, so it draws the patterns on your chart and you get real time signals. The indicator can be downloaded for free until end of December 2016 on http://www.forexfactory.com/showthread.php?t=541364.

Download the last version on Post 1. On August the last free version will be released.

It is also include CSA (Currency Strenght Analyser): A powerful tool that indicates in realtime the strongest currency vs the weakest currency. The total points is great to get an idea on how global market is volatile.

  • Minimum 60 to 80: Market is really quiet
  • 80 to 120: Could be not o quiet for some pairs
  • 120 to 170: Market is volatile (High news impacts market
  • over 170 to around 200 (Maximum seen so far): Global market is impacted and some pairs are really extended… huge spikes. Don’t go against the massive trend.

There are a lot of examples are presented into the thread, also on the blog (refer post 1)

Only set CSA = true for 1 chart only while using the Indicator.

I hope this indicator will help you to filter trades while using your own trading style.


Admin Assistant and Secretarial Services

Do you need someone to take care of all your admin and be hands on at all times? Well, outsourcing is important and a Virtual Admin Assistant will make it possible for you to focus on your business and getting a great support from skilled and well-trained staffs.

There are virtual admin support service for medium or small businesses, and individuals. They can assist you regardless of your location, and internet access is all you need to utilize their services.

The benefits of hiring an Admin Assistant as opposed to hiring a full-time or part-time employee is that you only pay for work completed and only when you need it, you don’t have to pay a salary.

secretarial services
secretarial services

A Virtual Admin Assistant can by your solution

You may not have enough money to employ new staff in your company but still there are some seasonal tasks that you need to complete. That’s what they are for you to hire. You can use these types of services as your virtual office assisting you with secretarial services.

Rest assured that all communications between Hands On Admin and you will be confidential and your business objectives will be protected.

Their skills and experiences would provide a great help to your business, and you will receive a great benefit in the short and long term.

Thus, these are some negative thoughts that no one wants to mention, but for safety always make sure to check out any of the reference, and research companies they have done work for previously.

Obviously there are more benefits so don’t let the disadvantages put you off. Just do your homework property on any Admin Assistant you are thinking of hiring.

Secretarial Services

Besides virtual admin assistant, if you are in Singapore and operate a company there, services that you may need assistant would be the company secretary for companies incorporated there and helping businesses purchase shelf companies. You will need the help that guide your company to comply with the relevant legislations at all times by providing full company secretarial services such as corporate advisory, statutory registration, preparation of resolutions, statutory filing and submission and so forth

Auditing Services

Some companies will also provide annual statutory audit services like financial statements audits and internal audit to SME companies as well as non-profit organizations.

Besides for them to show their responsibility as the watchdog of the interests of stockholders, some companies will provide you with useful recommendations on the overall improvement of your current system to increase efficiency and boost profitability at timely, cost effective and accurate manner. Some will also provide additional value added services for controls and improvement.

So, if you need business secretarial services in Singapore, you can take a look at Koh Management which was established at 1983 and been long time receiving good reputation for providing satisfied services to their customers.

Bad Credit Loans Are Available

You may not spend a lot of time thinking about your credit score but if you have a bad credit rating, you may find that it is difficult to obtain what you are looking for in life. Credit is an integral part in modern life but if you have misused credit in the past or you have made bad financial decisions, you’ll find that your ability to obtain credit in the future becomes very difficult.

If you have a bad credit score and you are looking to obtain credit, you need to accept that many lenders or businesses will not provide you with what you are looking for. You need to look for bad credit options, and thankfully, there are options available to you.

Advantages of Bad Credit Loans

The obvious advantage of a bad credit loan is that it is a loan aimed specifically at people who may not get a loan in another way. Banks and traditional lenders are clamping down on the amount of loans that they provide and the first way that banks evaluate whether someone is suitable for a loan relates to their credit score. You may have the funds to pay off a loan now but if your credit score is poor, perhaps caused by actions in the past, you will struggle to obtain the funding that you need.

bad credit loan word
bad credit loan

Types of Bad Credit Loans

When it comes to bad credit loans, you will often find that the options available to you come under secured or unsecured loans.

Secured loans are where the borrower pledges an asset or property as collateral to the lender in order to receive the loan. The presence of this collateral allows the lender the confidence to provide the loan at an affordable rate of APR. An example of a secured loan available to people with bad credit would be a logbook loan. This is a loan where the applicant places their car as collateral to the lender. This allows for a lower level of interest to be applied to the loan but if the borrower fails to make payments, the lender can take the car.

Unsecured loans are where there is no security or asset being placed as collateral for the loan, and even if the borrower fails to make payments, the lender is unable to claim any of the property owned by the borrower. The absence of any collateral means that the lender is looking to place a higher rate of APR on to the loan. Examples of unsecured guarantor loans include payday loans and guarantor loans.

Given that the secured loan comes with a more affordable rate of APR, you would assume that they are the most attractive or positive loans, but this isn’t the case. This is because the risk of losing a home or car is a very real and major risk, something which many people would prefer to avoid. There is also the fact that many people with bad credit do not have a car or a home that they can offer as collateral. This means that the only option left for many people is an unsecured loan, and this means that many people are left with the prospect of paying a higher degree of interest for their loan.

A guarantor loan is a viable option

One exception to this rule comes with a guarantor loan. A guarantor loan is an unsecured loan but the presence of the guarantor helps to lower the associated APR. While the borrower has a bad credit rating, the guarantor is expected to have a positive credit score. The positive credit score of the guarantor is the factor that allows the lender to provide a loan at a more affordable rate of interest.

If you find someone that is willing to act as a guarantor for you, you should find that paying off the loan is a simpler process. Acting as a guarantor is a big responsibility, so it is important that you go over the details of the loan, and your finances, with the guarantor. Many people will feel unsure or uncertain about talking about their finances but given that a great deal of responsibility is being placed on to the guarantor, you need to provide them with as much information as is required.

Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember. When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.

How To Get A Car Title Loan

There are many types of car loans. Various lenders have come up with different schemes to meet the financing needs of people who want to buy their dream car. The lenders can be either banks or other financial institutions. A car title loan is simply a way to borrow money using the equity in your vehicle as collateral.

car title loan
car title loan

Easiest One to Apply

A car title loan is one of the easiest loans to get. In this loan, the car’s certificate of title is kept as security by the lender. The amount of the loan is usually less than the market value of the car. In the eventuality that you, the borrower, default on your payments, then the lender repossesses the car and liquidates it to recover the outstanding loan amount.

A car title loan is a loan that provides funds similar to that of a pay day loan. In other words, if you own your vehicle and have its title, you may be able to borrow against the value of the vehicle. Often, this is done when individuals need cash quickly for an emergency situation or just need cash until their next pay day comes around.

This type of loan is for short periods only. Typically it will be between 14 days to a month in duration. Since the loan term is short, the interest rates are usually quite high. However, credit checks are not always done, hence even people with bad credit can apply for a car title loan. This can be a convenient and quick way to arrange for cash in case of an emergency.

When payments are due, you have the option to pay the interest only or pay the loan in full. Car title loans usually allow for greater amounts to be loaned compared to payday loans. You may choose the option that best fits your needs. With this type of loan, once the loan is repaid the lender will return the title. However, in case of a default you will lose your car and have a blemish on your credit record.

Here Are Some Answers To Your Questions On Car Title Loans

People have many questions when searching for a car title loan. One of them is whether the borrower is allowed to use the car during the time the car is pledged to the lending institution. Absolutely…there is no need to worry on that point. The vehicle remains in your possession. You can use the car during the repayment period, only the certificate of title and a set of keys are given to the lender.

Another common query that people have is about the eligibility requirements. There are certain documents that you need to produce; the first being the title of the car in your name. If you do not have clear title to the vehicle, you will not be eligible for a loan. You must also have proof of your identity, car insurance, your employment and proof of income. Also, in most states,you have to be 21 years or older to apply for such a loan.

Once the loan has been approved, an agreement will be signed between the lender and the borrower. The borrowers are expected to read the terms and conditions of the loan (and make sure you fully understand them) before signing on the dotted line.

A car title loan may seem like an easy way to get quick money, and it can be in certain circumstances, but don’t forget that you are putting up your vehicle as collateral. If you have any doubt about your ability to repay this type of loan, don’t do it.

When you are looking for an auto loan, you may take a look at car loans 4 u which may have the one that well suit your need.

What Is Identity Guard ID Theft Protection?

The reality of life is that identity thieves are becoming more and more creative when it comes to stealing your life. You can’t open a newspaper, read a magazine, or turn on the TV and not read at some point how people have had their lives literally stolen away from them by many unscrupulous identity thieves. As this problem continues to grow it is becoming increasingly necessary for many people to seek out some sort of ID theft protection.

A National Problem

As the information age continues to march on, the field of information crime seems to expand with it. It has become such a major financial problem across the country that some have considered it to be a financial epidemic. Billions of dollars are lost every year as a result of identities being stolen. You may be wondering then if it is worth it to spend the few extra dollars a month for ID protection. Here are some of the services they offer based on the fees that you may have to pay.

Free Services

By law, everyone is entitled to a free credit report every year. You can also get a free copy if you’ve been denied credit or if you have been found to be a victim of identity theft. These reports come from the three top credit reporting agencies and can be very helpful in letting you determine if you have been targeted. They can also offer some level of free monitoring but it may be very limited.

For a Nominal Fee

If the free market options do not offer you adequate protection then your next group of services includes a number of low fee options. For $5 – $20 a month, you can expect to get monitoring services that provide red flag alerts whenever changes occur in your report. These may come in the form of an email or a phone call to tell you about the suspicious activity. Once you receive this type of notice, it will be up to you to determine if the threat is real or not and take the necessary steps to correct it. They may also include online tools to help you improve your present credit rating. Some of these services include special security software along with public records searches as well.

Fraud Alerts

For just a little bit more money each month, you can take advantage of ID theft services that also include fraud alerts. By placing a temporary fraud alert on your account it then requires lenders to verify your identity and authorization before issuing any new credit in your name. The verification process could include answering questions that only you should know, providing proper identification or responding to the request by mail.

At the top of the line, you’ll find additional services that include recovery assistance for those who have already fallen victim to some sort of Identity Guard ID theft. These could include assistance in reporting lost or stolen credit cards, replacement of personal identification or even insurance to cover the losses that may be incurred as a result of being an identity theft victim.


Promo Codes to Save Big on Lifelock ID Protection

Finding the right ID theft protection for your particular needs will require that you evaluate the many different offers and compare them to your personal circumstances.

Islamic Principles Relating To Takaful Insurance

Takaful insurance is based on the principle of Ta’awun or mutual assistance. It provides mutual protection and joint risk sharing in the event of a loss by one of its members. This evolved from the Islamic practice of Aqilah, or blood money. This was practiced by Arab tribes before the advent of Islam and was approved by the Prophet Muhammad (SAW).


In the event of death caused by someone from another tribe, the members of the offender’s tribe would share the ‘blood-money’ to provide for the family of the victim. Without this sharing, the person inadvertently causing the death would face great hardship in paying the blood money.

Takaful insurance also evolved from Muslim businessmen making long journeys by sea for trade. They would collect money from each merchant and use this to compensate those among them who incurred a loss of ship or merchandise from the journey.

From the Quran
The need for insurance is shown in the following verse of the Quran:
“Those of you who die and leave widows should bequeath for their widows a year’s maintenance and residence” (2:240).

Qada’ and Qadar
It is a Muslim’s belief that everything that happens in this world is by the will of Allah (qada’ and qadar). Thus it may be argued that whatever accident, misfortune or catastrophe occurs should be accepted, not eliminated through insurance. Although it is true that we should accept whatever “misfortune” which may occur, we are also taught to avoid or reduce the possibility of these “misfortunes” by taking positive steps.

From the Hadiths
One day the Prophet (SAW) saw a Bedouin leaving a camel and he asked the Bedouin, “why don’t you tie down your camel?” The Bedouin answered, “I put my trust in Allah.” The Prophet said, “Tie your camel first, then put your trust in Allah.” (Al-Tarmizi and Ibn Majah).

This active role in risk reduction is also shown in the Prophet’s strong support for the Al-Fudoul Confederacy (just prior to the Islamic period) which was formed to suppress violence and injustice, and vindicating the rights of the weak and the destitute. (Ar-Raheeq Al-Makhtum, Biography of the Noble Prophet, Maktaba Dar-us-Salam Pub., Saudi Arabia 1995).

Scholars are not in agreement as to whether insurance is permissible (Halal) or prohibited (Haram). Since insurance as it is being practiced now did not exist during the Prophet’s time, there is nothing in the Quran or Sunnah directly mentioning it. Ijtihad (reasoning) is therefore used to determine whether it is permissible or not. This also explains why there are variations in the model used for Takaful insurance in various countries as well as within a single country.

Case Study

Although Takaful Insurance Companies have been active since the early 1980’s, real interest in Takaful has just started to swell, with more and more insurers seeing a need to enter this market. This translate to the potential for increased market share for some, but potential lost in market share for others. Also, experience of some of the earlier companies have shown that with the wrong models and risk management tools, business losses could occur, as well as stagnant sales and lack of critical size to operate effectively.

Large untapped market for insurance/savings in compliance with shariah laws.

The operator must be completely shariah compliant in every aspect, while at the same time being able to compete with the international players operating in the region.

The development of a model and products fitting the shariah requirement in Saudi Arabia, while at the same time being competitive with the international players and giving an acceptable profit/risk profile.

  • Development of detailed prospections for submission to the shariah council and regulatory authorities.
  • Assistance in other aspects such as system design and testing, reinsurance, distribution issues, and staffing/outsourcing needs.


Takaful Insurance or insurance for Muslims is designed to adhere to Islamic laws and is based on the principles of fairness and equity among the participants (policyholders). Modern religious scholars have declared that traditional insurance is unacceptable by majority of scholars due to the type of investment traditional insurance companies’ use as well as the uncertainty involved in traditional insurance contracts. In Takaful insurance there is no transfer of risk to a third party (i.e. stockholders) but a sharing of risk among participants.

Takaful insurance companies avoid investing in interest bearing securities as well as investing in unethical and immoral business (such as alcohol manufacturers, gambling casinos). The rewards in an Islamic investment should be profit or fee based. Typical investments include lease and rental instruments, real estate financing contracts, and venture capital funds. These investment types are largely untapped at the present moment.

Contract Uncertainty
Islamic law forbids the use of contracts that contain uncertainty. Thus it is not possible to have an insurance contract as that which exists between a conventional insurance company and a policyholder as that contract contains elements of uncertainty.

For example in a term insurance policy, not only is the timing of the payment of the death benefit not known, but whether any payment will be made (as the policyholder can survive the duration of the policy). However, it is acceptable in Islam to go into arrangements for mutual assistance. Based on this concept, Takaful insurance exists mainly as a cooperative or mutual arrangement.

Inherent Guarantees
From the Islamic perspective, traditional proprietary insurance companies contain elements of gambling in that the profit of shareholders depend on the misfortunes of the policyholders, for example annuities. With Islamic insurance there are joint guarantees among members, with risk sharing and mutual cooperation. The focus is on the community, not shareholders. Reinsurance is needed as in traditional companies, although preferably with the Islamic companies (re-Takaful).

Risks and Pitfalls

Where events repeat themselves often enough, they can be anticipated and consequently managed. For example although death is inevitable, it does not mean that we should not prepare ourselves for this eventuality. Within a group of people, no one can anticipate who would survive from year to year. However, the number of people who would die out of a large enough group can be estimated closely enough (i.e. law of large numbers ). With this estimation, each individual in the group can manage this eventuality by agreeing to pool their resources to help the dependents of its members who die early. This is the concept of Takaful.

Determining Equitability
In conventional insurance the actuary determines the appropriate premium to collect such that the predetermined sum assured can be paid on death. This amount may or may not be sufficient. The difference between the two being the total premium collected and the total death benefit payout (whether positive or negative) is underwritten by the insurance company. In Takaful, the Takaful Operator does not underwrite the difference between the contributions collected and the sum covered. Any difference, called the surplus or deficit, is shared among all participants.

There is therefore, still a role for an actuary in Takaful. For example his role may be to quantify the initial contribution to be collected at the outset. For the same amount covered the contribution from a 30 year old participant will necessarily be lower than for a 70 year old participant. To expect the same contribution irrespective of age of the participant would be unfair to the younger participants.

Quantifying Risk
Thus the actuary uses his skills to quantify the risk brought into the Takaful pool by each Takaful participant. This risk expresses as a contribution rate. Similarly, any surplus or deficit arising after benefits have been paid should be apportioned to the participants based on an actuarial methodology.

Managing Risk
Quantifying risk is only one of the skills an actuary can bring into the organization. Ultimately by understanding how the various aspects of the operation interact with each other the actuary is able to manage risk prudently and effectively.

Capital Requirement Analysis
Management of risk includes how much capital is needed to run the company and what controls should be in place. Indeed, determining the appropriate level of capital and control is the role of the Takaful Regulator. Too much capital requirement and too much control can stifle the development of the Takaful Industry. The Regulator can therefore also use the services of an actuary.

Response to Competition

The earliest Takaful companies, set up in the 1970’s and 1980’s, were done to satisfy the needs of the muslim population. The concept of competition was not an issue as Takaful was new to industry experts and consumers alike.

Today, the concept of Takaful is well known in many markets, making the decision to switch to Takaful to be very much based on competition. If a competitor has recently switched to Takaful or is in the process of switching, the competitor may gain significant market share at your expense.

There are many factors that will determine the actual loss in market share of not switching to takaful and this would include the success of the competitor in launching Takaful as well as the perception of Takaful in the marketplace. If you expect to be the first Takaful company in your market, there could be many competitive advantages including increase in market share.

Health Insurance – Civil Liberties Under State Legislation

This informative guide offers general information only. Don’t depend exclusively about this guide for making medical health insurance choices.

Medical health insurance plans vary broadly, in cost as well as in benefits. Before signing up for any adverse health insurance policy, you need to consult the program sales brochure and browse the insurance policy to get specific details about the advantages and charges and exactly how the program works.

This informative guide was created collectively through the Agency for Health care Research and Quality and America’s Medical Health Insurance Intends to provide customers with general details about medical health insurance options.

Q. I’m 24 and my employer offers healthcare benefits. However I prefer to be on my small father’s plan. Is the fact that possible?

A. This season, you can’t sign up for a parent’s plan in case your employer offers insurance. But starting in The month of january 2014, you are able to. You’ll have the ability to remain on your father’s plan before you turn 26.

AHRQ constantly reviews and updates their prevention materials to supply probably the most current info on preventive services and first care subjects, including women’s and men’s health.

Included in its try to improve the standard of healthcare, AHRQ props up U.S. Preventive Services Task Pressure (USPSTF). The USPSTF examines the scientific evidence and makes recommendations-considered the “defacto standardInch-on services that will help people maintain their own health. These types of services, known as clinical preventive services, include screening for illnesses or risks, counseling, and preventive medications.

Many of the biggest important things about a health insurance are:

Gain Comfort. Because you will never know when disaster strikes or when a major accident can happen, you need to be protected. With an insurance in health, you are able to live daily at its fullest without having to worry of the financial burden that might hit you in the event of any sort of accident.

Common Mistakes to stop While Buying Health Care Insurance

You need to make sure that you well verse on the essential words in your health insurance coverage plan. You need to figure out what it means by out of pocket and deductible amount. If you are not sure about the different between them, you need to ask for clarification.

health insurance
health insurance

Health insurance is confusing. Speak with your agent about changing your policy from what you’ll need, for those who have made changes in your lifetime.

Protect Your Financial Future

Because health coverage is expensive, you have to put away some dough month after month in order to pay for your insurance. However, it’s going to certainly settle that particular day when you will handle unpredictable medical necessities along with huge costs. Your future is protected and you will be financially covered in the case of any sort of accident. Moreover, well being services helps as well you pay for common services, like maintenance or annual check-ups.

Practical & Easy Tips For Purchasing Health plan

You must check your health plan policy for life time maxes. Some health plan business have lifetime optimal amounts they will certainly spend for certain coverage and therapy. You need to see to it you recognize them, and see if you may should get a plan much more matched to your individual needs.

You may sign up for an insurance package instead of buying them separately so that you can save up some money. If you are searching for insurance company that providing decent prices for coverage, you can always try to contact the company by phone. Most of them will attend to you very promptly. You can then make your enquiry to know if they do provide insurance package that bundle your life, automobile, and homeowner’s insurance together.

Things To Know When Finding Health Insurance

Mistake: Ignoring non-covered diseases, ailments, incidences and areas of the body

This can be another common mistake which you might not realize before you suffer no less than one medical condition associate with these items. Any insurance policies features a terms and conditions segment that states what are to be taught in policy. Unfortunately, when it comes to medical health insurance policy, most of people often disregard the core concept of every clause utilized in the stipulations section. Therefore, you must read and understand the covered and non-covered items as there is an incredibly little difference of separation backward and forward.

Practical & Easy Strategy For Buying Health Insurance

When taking a trip from the state or abroad, contact your medical insurance business first to ensure you are covered for disease or injury. Specifically if you count on Health insurance for health plan, you may not need to travel far to be outside your insurance policy business’s network.

Visitor Health Insurance and Visitors Medical Insurance policy

Check up on the exceptions, extra charges and co-pay directions. You should check on areas which aren’t covered and study the risk and chances of incurring such expense. They should check if the quantity proposed as co-pay is feasible and affordable about the situations explained.

Learning A lot more About Health Insurance Policies

If you are under a particular earnings cap, you possibly able to subscribe yourself for a discounted insurance policy. Such policy is typically provided by the state you stay in only. To figure out if you are qualify for this type of policy, you should check out what your state and get to know the offer that you are entitled for.

It is advisable for you to begin with a Health Savings Account where it enables you to save your pre-taxed earning. The account allows you to put your money into it for the purpose of any kind of medical expenses. By doing so, you will no need to worry about the medical expense as you can use the money you save in the Health Savings Account. Besides, you can also use this funding to settle high deductible insurance policies.

Is A Residence Club For You?

Buying a vacation home can be the dream of a lifetime. Yet for some, it can turn into a nightmare if owning two homes becomes a psychological and financial burden. If you find yourself fretting about how to take care of the second home, how to rent it out, how to pay for costs and upkeep, exclusive residence clubs may be your solution.

What is an exclusive residence club? At the simplest level, it is a way to have a luxury vacation in very exclusive, high quality resort homes without the expense or hassle of owning them. Frequently residence clubs offer fully furnished properties worth between $2.5 and $5 million.

residence club
residence club

Since the vacation club industry is not yet regulated, there are a plethora of offerings and terms, such as residence clubs, destination clubs, fractionals and timeshares. Even the term “residence club” can describe different solutions to the vacation dilemma. One way to distinguish between clubs is whether they are deeded or not deeded. In simple terms this means, do you actually own anything physical or do you own the right to use something without any equity?


Common examples of ‘deeded’ residence clubs are found in some of the luxury hotel complexes built near resorts. Clubs such as the Four Seasons Residence Clubs or the Ritz-Carleton clubs are very similar to “fractional ownership.” You get all the resort style amenities, and you engage in a deeded real estate transaction that gives you use in perpetuity. The amount of time you can use the property is proportionate to the amount of money you invest. You own one particular property and can exchange time with other property owners in different locations in the same chain. For example, Four Seasons has clubs in San Diego, Scottsdale, Jackson Hole and Punta Mita, Mexico. When you are not using the property it is rented to other members in the club.

There are pros and cons to deeded clubs. Because they are deeded, you can obtain financing for the purchase, as if you were purchasing your own second home. This makes the second home more affordable. At the same time, since you purchase the share, getting your money back requires that your share in the property can be sold. This may not happen as quickly and easily as you would like.

In addition to hotel-like homes, several exclusive resort clubs offer stand-alone luxury homes in resort communities. For example the Crescent Club members own a one sixth deeded interest in a home, and can use any homes in the network. As they explain on their web site, they use a rotating priority reservation system when the request to use the property collides among owners.


In a non-deeded exclusive residence club, you have no equity, and you own no property. Some examples of non-deeded clubs are Exclusive Resorts, PortoFino and Private Retreats. As with fractionals and deeded clubs, the number of usage days you are allowed differs from club to club.

Since price is comparable (if not a bit higher) to deeded or fractional clubs, you might wonder what the benefit is of the non-deeded club. One big benefit is the liquidity of your money. Unlike fractionals, when you want to get out of a non-deeded residence club, the upfront investment (membership fee) is refunded up to 100% depending on the club. Many of the non-deeded clubs offer a wider range of home types and services, including boats and planes.

Comparing Clubs
When comparing clubs, first look at the depth and scope of properties. Are there are variety of locations? In each location, are there multiple homes? For example, Exclusive Resorts has 90 residences in 22 destinations, with multiple homes in each destination. This means when you select your destination, it is more likely you will be able to find a home.

Another factor is how many club members there are. This indicates how much competition there is when planning your vacation. Find out how the club manages conflicting demands. Also, how many days per year can you use the home for the basic yearly fee? Finally, what services do you want, and what is offered? Do you want travel services to plan each part of your vacation, do you need sports equipment provided, etc. Make a list of all your dream needs. For the price you will be paying, every need should be attended to. The differentiator between some of the clubs is often related to the variety of additional travel services they provide, other than a great place to sleep. Check whether your club focuses on the quality of the residence, or the quality of the service, and match it to your needs.

Here’s how some top clubs compare in pricing, based on information on their websites:

Name Deeded? Membership
# of
# of
# of
Return of
Crescent Club Yes $370,000 $12,500 56 6 no info online upon sale
Exclusive Resorts No $375,000 $19,000 60 90 500 80%
Portofino Club No $210,000 $15,000 42 17 80 80%
Private Retreats
No (no info
(no info
unlimited 73 400 100%


Financial Benefits
The main benefit for residence clubs is that you can have access to property you might not otherwise afford. For example, if the home cost $2.5 million, you need $500,000 just to get started with the 20% down payment. Most club fees are in the $300,000 bracket. In addition, payments on a mortgage of a $2.5 million home, plus homeowners fees, maintenance, taxes etc, could run up as high as $100,000 a year, while the yearly membership dues are typically under $20,000. In addition, most clubs are renting villas that might commonly rent from $1000 to $3000 per night, assuming you could actually find them. Club membership offers much less expensive nightly outlay.

Intangible Benefits
People who are devoted to residence clubs love the ability to go anywhere they choose, rather than just one vacation spot. You can choose to have ‘endless summer’ vacations by picking only summer spots, or go for endless skiing, following the snow. The more locations the club has, the greater your flexibility. In addition, all the hassles and worry of home ownership are totally gone. You have great locations, no hassle ownership and best of all, your dream vacation home whenever and wherever you want it. If you want luxury and variety all the time, check into residence clubs. It may be just the solution for your second home.

Different Choices of Credit Cards

Student Credit Cards

Student credit cards can help you build your credit history! Plus, enjoy competitive APR, no annual fee, access to low-rate student loans, online account access, and more.

If you use the student credit card wisely, your will be glad to have a good credit history upon graduation. Making the leap from college to the real world is going to be a whole lot easier with good credit.

student credit card
student credit card

Many organizations and financial institutions that provide student credit cards would normally require a co-signer as a type of insurance policy or guarantee. That individual will sign for the card with the student, and will be the individual the bank falls back on should the student be unable to pay back the money. Typically this is a family member or even guardian, the co-signer can be thought of as a backup and also security for the issuer of the student credit card, since they can at all times depend on the co-signer having a favorable credit record, to pay back should the student default.

Usually, the Interest rate or apr will be higher with student credit cards, which inturn helps to reduce the financial risk to the bank. The spending limit is usually different also with these cards, because nearly all are between 250 – 800 dollars. The reason behind that, is since nearly all students have not established any credit rating, and for that reason will not have a good credit score. Even though the spending restriction is clearly reduced with these cards as opposed to other credit cards, they will still help students establish credit.

You will find student credit cards applications below for American Express Blue, Platinum, Gold, Rebates, Skymiles travel for Student Most of these are low rate credit cards, and you will find that the application process is quite simple and the approval is usually instant if you have fair to good credit.

Such credit cards provide students with the liberty to splurge on anything they desire. It normally takes time to realize that you will need to have a decent credit score right from the beginning. This will assist them in the future, while getting regular credit cards or personal loans. Students additionally have to understand that good credit ratings can assist them with their employment, as soon as they complete their graduation. Undergraduates should take care of their scholarships and grants granted to them via academic bodies along with the support of these credit cards.

Cash Back Credit Cards

Cash Back Credit Cards are credit cards that allow you to earn cash rewards on purchases you make

Cash back credit cards can be a fantastic way to make additional cash for any purchases which you make. You will find credit cards which include cash back which are offering up to 5% back on just about every purchase that you make, a really great method to save some additional money. Not only are these kinds of credit cards fantastic for rewarding big spenders they will additionally have many other rewards like special introductory purchases interest rates and much more.

cash back credit card

Nevertheless, you should take notice that these types of cards are solely suggested if you pay off your credit card account balance every month, if you do not the interest which you pay out on the credit card balance may wipe out virtually any money earned. They are best for people who use their credit cards wisely.

Cash back credit cards tend to be one of the most sought after kind of credit card, be that cash rebate or reward credit cards. Now just how much a cash back card refunds, as well as precisely what purchases are eligible will be dependent on the deals which the credit card company has with the different stores. It is usual that certain cards focus on giving cash rewards for selected purchases like groceries, gas, house improvement stores, drugstores and so on.

Nevertheless you need to be in a position to settle your credit card statement in full each month, and also this will be the only method that a cash back credit card can work for you. In the event that you do pay off the credit card balance in total each and every month, in that case why not change to a cash back credit card. The cash back credit card can be an excellent opportunity to reward you for spending money.

Credit cards allow you to buy things now and pay later. They are offered by banks, retail stores, gas companies, airlines, travel and entertainment companies. They are convenient, usually supply you with free credit for 30 days and are great in financial emergencies.

Now there are a bunch of cards available which will offer you rewards back. Simply do your research; find the right card for you, and you will be saving in absolutely no time. I can certainly assure you on that one!

Take a look online at the cash reward credit cards offers below. Look for a low APR introductory offer or better still 0% APR and no annual fee.

Zero Percent Credit Cards

Completing zero percent credit cards applications is actually a fantastic way to save you some money.

Although most credit card companies offer zero percent credit cards as special offers, not all these offers are identical. Actually, a number of 0% percent credit cards offers could end up costing you a lot of money in fees and interest rate charges in the long term. Here, we will review the terms and conditions and find out how you can get the best zero percent credit cards available online.

zero percent credit card

For the credit cards companies there are many advantages to offering zero percent credit cards offers. To begin with they are a great way to attract clients or to get customers to transfer any balance from a high interest credit card, usually from a different card provider, to the their zero percent interest credit card. However they also believe they are going generate profits on these credit cards in the long term.

Please note that when we refer to 0% we are discussing an introductory offer. Absolutely no financial institution in the entire world can afford to provide credit cards while not charging interest apart from by just doing so for an introductory time period.

You will need to be aware of any fees incurred. In the event the company wishes to charge you yearly fees for example, do not accept this. In that case simply go on to another credit card company. Also you should be aware of the length of time the actual introductory period lasts for the credit card you are considering.

In addition, you need to make regular repayments so that you don’t incur late fees on the card. And also if you maintain your credit card good standing you should be able to obtain comparatively low interest rate when the promotional period has finished.

In the event that you are in a lot of personal credit card debt it is possible to quickly change from a regular card to a zero percent credit card. During the entire length of the interest only time period, all of monthly repayments can go toward decreasing the principle balance. This is a great way to reduce debt. With many other credit cards, a huge percentage of the monthly payments are applied to the actual interest. Therefore, it is difficult to reduce credit card debts.

You should utilize these zero percent credit card offers to your benefit. You have to be self-displined about how you utilize your credit card account. Understand the essential guidelines of the offer and comply with all of them. You will be thankful you did ultimately. It could help eliminate your credit card debts and develop much better spending behavior for the future.

Business Credit Cards

Business Credit cards offer incentives such as travel discounts, discounts at restaurants and saving on a variety of products such as software and other business related supplies. A business credit card has more benefits attached to it than any other type of card.

The prime reason for getting a small business credit card is for separating your private finances from any business related finances. As soon as you have a business credit card, you can begin making most of your purchases via the Web, telephone, or in person. These are taken virtually everywhere, which is fantastic for those who need equipment or supplies in a hurry.

business credit card

Business credit cards are typically business orientated and may provide savings on business travel and on shopping at business supply outlets. An additional benefit of a business card is that by utilizing it, you are demonstrating the strength of your business while advertising it also. Even someone running a home-based enterprise gain extra standing by producing an enterprise credit card.

Using business credit cards are a wonderful way to track your expenses for your small business. We are here to help you locate the best business credit card for all of your needs. Many credit cards are great for carrying a balance, while others offer opportunities to bring in miles or rewards on daily business purchases. Picking the right enterprise credit card can save you hundreds of dollars per annum.

Business cards will additionally provide you with lots of rewards also. A lot of cards will give you cash back and a number of rewards on almost everything you buy. From gasoline to supplies, you can get rewards just for utilizing your credit card. You can enhance your profit margin as well, which is usually a good benefit. If you have other staff who are sanctioned to use your credit card, you will get more rewards, and much more quickly too. This is also be simpler for your business, as your staff will have the ability to get what they need, when they need it.

Take a look online at the great small business cards offered by American Express, Visa and MasterCard. Look for a low APR introductory offer or better still 0% APR and the ability to transfer balances from another higher interest card.

We have a wide variety of credit card offers including pay online, secured credit card and student credit card links can be found on this page. Whether you are looking for a credit card with bad credit or no credit our listings will show you the way.

Airline Credit Cards

Airline Credit Cards – You can accumulate airline mileage points with purchases made on your airline credit card. You can use these points toward the cost of your airline tickets on major airlines. Some airline credit cards also feature travel rewards such as concierge service, insurance and hotel and other discounts.

Before you apply for an Airline Credit Card be sure you understand the pros and cons of such cards. If you are a frequent flyer, then an airline credit card may be the best option for you. If you do not then a regular card would be a better option as these cards usually have annual fees and higher interest rates.

airline credit card

Be sure you understand how many points you need to accumulate to qualify for free air travel. Do you your points expire if not used or is inactive for certain period? Does the card carry an annual fee? What is the interest rate? It’s important to know all the facts before you decide an Airline Credit Card is best for you.

Airline credit cards are an excellent option for business travelers or in fact, anybody that spends a lot of time flying. Some of the better cards offer benefits like converting the points into cash, hotel accommodation, first class upgrades, car rentals and free companion tickets. Another major benefit of airline credit cards is that it makes easier to purchase airline tickets.

Learn more about airline and mileage reward credit cards by checking out the airline miles card offers below. Checkout and compare all the credit card offer to find the one that best suits your needs.

Using this site you can compare credit card interest rates, features, benefits, choose MasterCard, Visa or American Express credit cards and most importantly, find out, which has the best airline mileage points.