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Month: October 2018

Why Should You Consider Selecting Independent Insurance Agent?

Why Should You Consider Selecting Independent Insurance Agent?

The first thing that you should have in mind when it comes to choosing an insurance agent is that buying it is a complicated process and purchase. You are not buying milk, bread or eggs, but promise that you will get protection in case that something happens. Still, it can damage your financial well-being and budget if you do it without thinking it through.

The question is how to understand that you made the right choice? Are you going to get everything for the money you are giving? There are numerous options, and since we live in a world with numerous agencies and independent insurance agents, it is challenging to choose the best one.

Aside from knowing the advantages of choosing an independent insurance agent, you should also know the benefits of working with an insurance agency by reading YourGSP – insurance strategy.

The idea is to create a mutual benefit, which is coverage that most independent agents are selling for more than a hundred years now. You have probably seen the traveling agents that will knock on your door and show you the wide array of policies that will help you reach peace of mind.

It is important to understand why you should choose an independent agent instead of an insurance agency:

They Will Provide You a Choice

Difference between the agency and the independent agent is that they may represent a wide array of insurance companies so that you can get coverage based on your specific price … Read More . . .

Benefits and Drawbacks of ISAs

Benefits and Drawbacks of ISAs

An ISA is a type of account that allows the investors to save and grow their money over a period of time without having to pay tax on the interest. Other types of savings accounts charge an income tax on the interest that the money accumulates. Furthermore, the holder does not have to pay capital gain tax, regardless of the growth rate of the investments, or the amount withdrawn.

Types of ISAs

As an investor, you can select either of two ISAs. You can either choose to save your money in a Stocks and Shares or Cash ISA. In both accounts, the returns are not taxed.

Cash ISA

It is also referred to as the basic ISA. It’s further divided into three sets;

Fixed rate account
This type of account is meant for account holders who would like to keep their money locked up for quite some time, ranging from two to five years, thereby attracting a high interest rate. Basically, the longer your money is tied up, the higher the interest rate.

Instant account
A saver using this account has the ability to either deposit or withdraw from the account at any time.
This type of account however, does not offer constant interest rates. The value of the savings will increase once the rates increase, but as they drop, the savings will also be affected negatively.

Regular savings account
The interest on these accounts is normally constant over a period time, a year for instance, provided that the … Read More . . .