How to Choose the Best Life Insurance Policy

Life insurance is a financial tool that allows you to secure the future of your loved ones when you pass away. It helps those whom you have left behind by giving them access to a large sum of money that you have been insured for. The amount of cover that you want dictates the money that shall be handed over to the nominee and is also dependent upon the regular premiums that you have chosen to pay. To choose a policy that is relevant and appropriate for yourself and your loved ones, you need to be aware of the various features and covers that a life insurance company offers. For instance, some life insurance companies provide the cover amount if a life threatening medical condition is discovered and therefore it can be used as a medical insurance where the monies are used for proper treatment. It is also important to assess the level of cover that you will require to ensure that your loved ones do not feel the pinch of a missing income after you are gone. The assessment should be done by a life insurance financial expert and various factors such as debts, future provisions required, education costs for children and regular income are taken into account. It has been estimated by the ASIC (Australian Securities and Investments Commission) that about 81% of the Australians are under insured. This is probably because most consumers opt for a life insurance policy without consulting a life insurance expert. While the life insurance policy will yet help you get the money that is owed on demise, the cover may not be adequate to support all the needs of your family once you are gone.

Automated Stock Trading - Day Trading Robot Software

The most dangerous thing about investing is the one thing we all have, emotions. Emotions are the enemy of good trading and investing practices. All people are subject to greed, fear, panic, and any other emotion that effects our decision making process. For every day living, this is not a problem. For investing, these emotions can influence you to make poor buying and selling decisions. Even the most seasoned investors and traders can fall victim to their emotions. Many have started to turn to automated stock trading.

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Automated stock trading is software that watches different investments and makes buying and selling decisions based on factual, real time, financial information. You may build the parameters for the software’s decision, according to your thresh-hold of risk, however the software does the trading. It works with evolving methods and trading strategies. As strategies are updated, you can add these to your trading methods. Many people report extreme success just letting the software do the trading work for them.



You will find a variety of different types of these stock trade robots. Some are far more advanced than the others. If you are looking into using a automated stock trader, you should be fully aware of what they can and cannot do. The first thing that you must remember, “You get what you pay for.”
You will find prices ranging form your monthly trading fee, to thousands of dollars for some of the most advanced systems. With this time of range, it is plain to see that picking the software that suites your needs will not be easy. When you first start looking, go online and look up reviews for the different software packages that seem to do what you need them to do. Do not believe all the claims on certain websites that talk about unrealistic expectations. While they may be true, you want to see both the good and the bad.
You should expect to pay around $75 for the software, and a monthly trading fee. You should make sure that this fee includes your updates with the latest strategies. It is important to always keep up to date with these strategies. The selection of investment strategy, as well as their continued improvement, is important because they often reflect current trends and ‘emotions’ within the market.

Buying the cheapest solution is not going to save you money in the long run. Programmers make money based on the amount of time that they have put into their work. When you are getting a deal, you may not be getting a deal at all. You may simply be getting poor workmanship. The more expensive solutions may use combined buying and selling strategies. These combinations are more likely to catch things like a panic in a certain market sector. They may be able to catch underdeveloped markets that are potentially ready to grow.
No matter how automated, it is important that you monitor what you software is doing. There is no software that picks 100% winning trades. You should watch over what your software is doing so that you can make sure that you are not losing money on the trades. You may find that you want to stop the trading, consolidate your earnings, and then start again the next day. While it may be convenient for the software to do all the work, it is not always in your best interest. It will also help you see if certain strategies are working, before letting the computer do live trading. Many people will have the software running on two systems. One will be handling live investments while the other works on new strategies.

You can find great software. You have to look and read over the reviews. Make sure you look for the costs and understand that cheap is not always cheap in the long run. Automated stock trading software can make your investing more profitable, but only if you invest the time to understand it.

Automated Stock Trading Software

The advent of automated stock trading software has definitely made it easier to play the very lucrative game of the stock market, even if you do not have basic knowledge on stock trading. For decades now, the only way to invest in the stock markets without losing a substantial amount of money is by the sheer use of instinct coupled with years of experience in observing and analyzing the trends of the stock market. This has certainly changed over time.

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The usual strategy being recommended to first time stock traders is to buy it low and sell it high. But what exactly does this mean? It means to buy stocks at a low price and sell them at a higher price for a profit. Sounds very simple, right? No, it is anything but simple. The investor must also know when to sell and when not to sell. This is where experience and instinct will come in.



With decades of analyses and attempts to predict the outcomes of stock markets producing no satisfactory results, there comes the need to use the next step in stock trading: computers.

Stock trading programs are used to analyze the trends of stock market prices by taking into record the periods where stock prices rise and fall. When the peak of a share of stock is determined, it is recorded by the system as well. With the use of statistical and probability computations, the program comes up with a recommendation as to what share of stock to buy, when to buy it, and when to sell it.

Although these programs may be beneficial, nothing beats the age-old experience and instinct of the seasoned stock market veteran. At most, this automated stock trading software can only give recommendations with the ultimate decision lying in the hands of the potential investor.

Successful Day Trading Strategies - Trading and the Symphony

Day trading strategies, when properly implemented, are an art form. Continue reading for details.

Have you ever been to the symphony? Or to a high class broadway play? Have you ever enjoyed a concert? Or even a really good piano recital? Have you ever marvelled at a piece of art, or a sculpture?

Artists are some of the most revered people who have ever lived on this Earth. You recognize the names - Beethoven, Mozart, da Vinci, Picasso, Michelangelo. Going more contempory, consider The Beatles, The Rolling Stones, Ray Charles, Louis Armstrong, Andrea Bocelli.

Everyone is impressed by high quality art. But what does that have to do with day trading? Read on.

Day trading is an art, not a science. Don't believe me? Consider the similarities.

You can read a few books and sit down and pass a physics exam. But can you read a few books, and sit down and play Beethoven's Fur Elise? Not a chance.

The same is true for a Day Trader. You can't just read a book or two and become a successful Day Trader. Learning how to trade takes practice, patience, and dedication. Just like learning to play the piano.

Also, ask any great artist how they composed an incredible symphony, or a great sculptor how they created their masterpiece. They will almost universally tell you that they could "feel" it, could "sense" what it would become.

When you watch a Master Musician perform, what do they do? Do they have an intense, studious expression on their face, like a scientist in his lab? Not likely. They will often have their eyes closed. Their bodies will sway with the music, drawing the piece from the instrument with their body language. They are "feeling" the music.

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A Master Trader is much the same. They "feel" the market. They sense what is going to happen next. Not because they read it in a book or saw it on a DVD. Through practice, patience, and dedication, they have learned to "feel" what the market is going to do next.

Here's another truism - most of the great artistic masters learned from another master. They didn't learn on their own. It would be nearly impossible for an artist to go from ground zero to a Master without tutelage from a master.

The same is true of a Day Trader. If you want to be a truly great Trader, the fastest (and least expensive) way to get there is to learn from a professional. Traders who try to teach themselves the art of Trading rarely get past the figurative "stick figure drawing" stage.

They also quickly realize that to really learn how to trade, they are going to have to pay their tuition. They can either pay a professional to teach them how to trade, or they can pay the Market. And I guaranty you this; the Market is a much more cruel, and much more expensive professor.

Traders who chose to pay the Market to learn how to trade are almost universally among the 95% who lose ALL of their risk capital within the first year.

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How Your Driving Record Affects Life Insurance

You eat well, exercise daily, and in general, lead a health lifestyle. Qualifying for life insurance should be pretty easy! There is that little issue of a chronic lead foot in your re-created General Lee and multiple speeding tickets but hey...you're Vegan! Driving record definitely affects your ability to qualify for life insurance and the resulting rate that life insurance company will offer you. Let's find out if your driving impacts might impact life insurance options.

Life insurance companies will consider anything that impacts life insurance actuarial tables and likely dismiss anything that has no affect. Actuarial data just refers to what attributes that a person can exhibit which has an impact on the chances of them passing away early (or earlier than average). Some items are obvious. Take smoking for example. There's a direct correlation between smoking and mortality (passing away early) via many diseases such as heart disease, lung disease, various cancers, and stroke. That makes sense that the life insurance company will consider smoking and consequently increase the rate charged for an individual who uses tobacco products. What about a person's driving habits?

Definitely and for the same reason as smoking. How you drive has a direct impact on the chances of getting in a car accident which is a killer. Accidents are typically in the top four list for causes of death in the U.S. and car accidents rank 3rd as the cause of death for men. Based on 2005 statistics, death in motor vehicle accidents ranked 1st amount various types of accidents. This is definitely something the life insurance company will want to reduce the risk for and a person's driving record has a direct impact. Let's break out how the life company views different reflections of a person's driving record.

All other life insurance health class requirements being equal, you can usually qualify for the best tier if you have had no more three moving violations in the last three years. You should also not have had a DUI (Driving Under the Influence) in the last five years. Usually the next tier down charges a fixed amount (if the carrier offers this option) if you have more than 3 moving violations and/or a DUI in the last 5 years. For the standard health class, you cannot have more than 2 moving violations in the last 3 years and no record of DUI or reckless driving in the past 2 years. Keep in mind that this is only for your driving history and does not consider other health issues that you may have.

One take away from all this is that time can help in terms of qualifying for life insurance with a more "active" driving history. Sometimes we just need time away from our own driving history in order to obtain life coverage. Please contact us if you feel your driving record will impact eligibility and/or rates. We may look at more lenient life policies that offer some immediately benefit with the option to expand later on. We don't want to wait a few years and then apply since we're going without coverage during that time and Murphy's Law is one you don't want to break with life insurance. For questionable driving records, the better approach is to lock in the best coverage possible that stays within your budget and the re-evaluate later on to see if we can get a better rate by replacing the existing life coverage or lock in a hybrid life insurance from the beginning which usually has an easier underwriting for the initial step. As life insurance brokers, our value is that we can take your situation and quickly figure out which approach is better on the tail end of a more challenging driving record.

A Look at Temporary Life Insurance

An interesting part of the life insurance enrollment process is the securing of temporary life insurance while in process. Having some type of protection immediately goes a long way towards the peace of mind that you are purchasing through life insurance. Let's look a little closer at how temporary life insurance works.

The effective date is an important part of the life insurance enrollment process for many reasons. Of course the biggest impact is that it dictates when you are actually covered for protection. Most people may think "What does it matter...now or a few weeks from now". Unfortunately, we have seen situations where it does matter and the result can be catastrophic especially in light of the fact that the insured person was in process to purchase life insurance. It's almost depressing in such a situation which is why we recommend our clients to enact the temporary life insurance featured offered by most carriers. So what's involved?

First, it's different from carrier to carrier but let's look at some common elements of temporary life insurance. There's usually a quick medical questionnaire to address the more serious health issues that might prevent you from qualifying even for temporary life insurance. The amounts allowed are usually capped at a certain amount. It may be less than the full policy that you are applying for or there may just be a hard cap on the amount which you can receive temporary life for. For example, if you're applying for $1M in life benefit, temporary life may not be available.

The life policy effective date is usually the signature date on the temporary life insurance application and agreement. This may be different from the full life insurance application date. There's also commonly a stop date during which this temporary life exists. This means that if the stop date is 90 day maximum, the coverage will not extend beyond 90 days after the effective date. Again, this is meant as a temporary life insurance benefit just to cover you while you're in underwriting for the full policy. It's not designed to go beyond that point. It's also not in addition to your underwritten policy and/or other life insurance benefits. This means they will subtract other policy benefits due to you from the total amount of temporary life insurance for which you apply.

If you are approved for your fully underwritten life insurance policy, that policy will generally replace the temporary life insurance policy and premiums paid will be applied to the fully insured policy on a pro-rated basis. Standard clauses such as mis-representation, fraud, and suicide are usually contained in the temporary life application and agreement.

Payment is an important part of the life insurance contract and temporary life is no different. Some applicants will submit their completed application but no payment if allowed by the carrier. This usually means that the proposed insured is not protected during the underwriting process. The underwriting process can take weeks if not months so we strongly recommend that you submit payment with your life insurance application. You have at least a 10 day free look period from when the carrier delivers a policy to you to can cancel the policy never effective for a full refund so there's no reason not to. You never want to be in that situation where the unforeseen happens and you pass away during the underwriting process without the protection of temporary life insurance. As a good life insurance agent, we can't let you take this un-needed risk.