Tag: rate

How To Find An Affordable Life Insurance Rate and Fit It Into Your Budget

Finding a life insurance policy that fits into your budget is easier than ever.

Life insurance is one of the best ways to find peace of mind in knowing that your family would be financially supported if you were to pass away. The money received by beneficiaries can help pay off any outstanding bills and debts, pay for final arrangements, and even act as an inheritance for your children. While the benefits are clear, if you have a tight budget, life insurance may feel like a luxury you cannot afford. But, if you shop around for the best rate possible and do a little bit of repositioning in your budget, you might be surprised at how affordable it can really be. 

4 Tips To Find Affordable Life Insurance Rates

Finding an affordable rate will make it easier to fit your premium into your budget

 

The first step in finding a life insurance policy that can work within your budget is to find an affordable rate in the first place. There are plenty of ways that you can save money while still finding a policy that gives you the coverage you want. 

1. Get Your Health In Order

Your health is one of the biggest determining factors when a life insurance company considers how much coverage you can get and how much you will have to pay for it. When you apply for a life insurance policy, you will be asked quite a few questions about your health, and you should do your best to provide as much information as possible. 

Specifically, your height and weight can play a big part in determining your premiums. Your body mass index (BMI) can make the difference between your rate class, so, if you have a higher BMI, you’re likely to pay more. On top of that, things like your blood pressure and your cholesterol can do the same to your rates. Add in any smoking habits, and you can say goodbye to affordable rates. If you have started to notice some issues with these health vitals or if you are a smoker, you may want to get these in check before applying for a life insurance policy. 

Let’s say that you need a life insurance policy sooner rather than later, but you don’t have the time to wait to work on your health. You might get locked into a higher premium rate at first, but there are still ways you can get a lower price. If you’ve quit smoking and have made major improvements to your health, you can always ask your life insurance policy carrier to re-evaluate your health to see if you can get a better rate. Normally, you have to provide some medical records to prove that you are not only in better health now, but you have also maintained better health for a certain period of time. If your carrier does not give you the opportunity for a rate re-evaluation, you can always shop around for a new policy. Chances are, you might find a policy elsewhere for a better price. 

2. Find The Right Type Of Coverage

When trying to get a life insurance policy for the most affordable rate possible, the type of insurance you get will have a big impact on how much you pay monthly. The two most popular types of life insurance are term and permanent, but you’ll pay a vastly different amount for each. 

Out of the top two, term life insurance tends to be the most affordable. This is because term life insurance is the most basic type of life insurance you can get, but that doesn’t mean it’s not a great way to get coverage. Term life insurance covers you for an agreed-upon period of time for a certain amount of coverage. If the policyholder were to die within that time, then their beneficiaries would receive the death benefit. 

Nowadays, the internet has made it so much easier to find life insurance online. Whereas traditional approaches to life insurance policies require applicants to undergo a medical exam, you can now find great rates for life insurance without a medical exam through accelerated term life insurance. Not every company offers this type of insurance, but it has been popping up more and more in recent years. While you will still have to answer some questions about your medical history, you won’t need to take time out of your busy schedule to get a medical exam. Instead, companies use the information provided on your application and use algorithms to determine if they can approve you for coverage as well as how much you will pay for the coverage. All in all, it’s a much simpler and quicker process and you will still be able to get a great rate for the coverage you need. 

Permanent life insurance, on the other hand, covers a policyholder for their entire life rather than a certain period of time. The death benefit also has some additional benefits as well. As the policyholder pays their premium, that money accumulates and translates into a cash value that can be used while the policyholder is still alive to borrow against. With this added benefit of guaranteed coverage over the course of life as well as the cash value, permanent life insurance can be very appealing until someone sees the price tag. 

3. Ask About Discounts

You should always ask the carrier if they offer any types of discounts. In a lot of cases, there are ways that you can unlock even more savings. 

The most common way that people receive discounts on life insurance is by paying their premium payments in full for, let’s say, a year. If this is something you are financially able to do, your provider may offer anywhere from a 2-8% discount. Before you get a life insurance policy, ask to see if your carrier provides any discounts such as this one. On top of that, some carriers will provide a certain discount if you have a certain job or profession. So, if you are in the military or are a teacher, there could be even more saving opportunities. 

Now, another very popular way to save money on life insurance is to bundle it with other insurance you may need. Most commonly, people will bundle their life insurance with their home or auto insurance. Especially if you need these insurances, why pay a higher price to get your insurances separately when you can bundle and potentially save even more money?

4. Shop Around

The best way to get the most affordable life insurance rate possible is by doing your due diligence and shopping around. Luckily, the internet makes it so incredibly easy to get quotes from multiple providers, compare your offers, and pick the option that makes the most sense for you. Not all companies will give you the same rates for the same or similar coverage amounts, so it is always in your best interest to get a healthy amount of quotes to compare. It may be tempting to automatically select the policy with the lowest monthly premium price, but you should always weigh the coverage amount and the price so that you are getting the most for what you are paying. 

How To Adjust Your Budget To Fit Life Insurance Costs

Now that you’ve found a great rate, it’s time to re-evaluate your budget and make any necessary adjustments

 

With an affordable life insurance policy rate locked in, now it’s time to see how it plays into your budget. By reviewing your current budget and making some adjustments, you will have a better understanding of what you need to change about your spending habits in order to afford your rates. 

Review Your Budget

The first step in adjusting your budget to fit life insurance costs is to review your current budget. It’s good to do this from time to time anyway so you can make sure your budget still works for your needs. 

When reviewing your budget, first start by comparing your planned spending and your actual spending habits. Using a budgeting app or going through your bank statements, you can get a better idea of where you are aligned with your planned spending and where you may be missing the mark in actuality. 

With a better understanding of your spending habits in mind, you will next want to consider any new expenses. In the case of life insurance, you may want to test how your budget may change if you decide to pay your premiums in full for the year or if you decide to pay monthly. 

Looking at the bigger picture, keep your financial goals at the top of your mind as well. This may impact how much you need to modify your spending habits if you find that you don’t have enough room in your budget to realistically achieve your goals. 

Determine What You Can Cut In Your Budget

Now that you have a better idea of where you would like your money to go and how you have actually been spending, you can then start to modify your budget. If you have crunched the numbers and have determined that you can realistically fit your life insurance into your budget without needing to make any significant changes, then you may not need to modify your budget very much at all. Or, the solution may be to simply move planned spending budgets from category to category. 

However, if you have noticed that your financial priorities have changed and you don’t have the wiggle room to accomplish what you need, then cutting back on your unnecessary spending is a great place to start making changes. While this will look different for everyone depending on their own habits, some popular ways to cut back are as follows: 

  • Cut back on going out to eat.
  • Plan nights in rather than nights out. 
  • Audit your subscriptions and cut back where you can.

Even simple but consistent changes can add up and make room for your new financial priorities. 

 

Life insurance policies are a great way to ensure that your family will always be financially supported, even if you were to pass away. With that in mind, know that life insurance isn’t a luxury that only a few can afford. With a little bit of research and some adjustments in your budget, a life insurance policy is well within reach. 

 

How To Optimize CTAs For A Better Conversion Rate

A Call-To-Action is a marketing term used to describe the prompt marketers want to give their audience. It directs the audience to take a particular action that is in favor of the marketer. It might encourage sales, conversions, or more visitors. CTAs are added in between blogs, webpages, and advertising messages.

CTAs are critical because that small portion is the only instant you have to convince your audience to take action in your favor. It is a matter of seconds– you only have a few seconds to make that impact. The more convincing your CTA is, the better your open rates will be. 

Many organizations also use marketing software to make CTAs for their campaigns. If you are worried about the expense of purchasing marketing software, think about the other benefits that tag along, which will only help your business grow. You can check the Sendinblue price for optimum pricing that suits your budget. 

Since CTAs are important, you should know how to frame them efficiently. Here are a few tips to optimize your CTAs for better conversion rates. Follow along!

  • Keep It Short And Brief 

Avoid framing wordy and crowded CTAs. The action that you want your visitors to take should be clear and simple. They shouldn’t have to search for what you want them to do. Complicated CTAs will just irritate and confuse consumers, making your CTA useless. Instead, be clear about what you want readers to do. As a general guideline, it should align with your campaign’s key conversion objective, such as recruiting volunteers or donors.

  • Personalize The CTAs

Your conversion rate can shoot the roof if you personalize your CTAs. However, if you have the data and utilize it to gently change the phrasing of your CTA, there could be a significant payoff. It does not mean you must spew personal information everywhere, but use personalization in a balanced amount so that they don’t overdo it.

  • Use Descriptive Text

CTAs using uncertain or unclear language will have lower clickthrough rates. You can do better than just clicking “Submit” or “Click Here!” One of the most annoying phrases for visitors is ‘Subscribe Here,’ which automatically suggests a fee is required. Try “Sign Up for Free Newsletter” instead and watch how the rates rise.

It’s also necessary to explain to users what will happen once they click and, most importantly, what benefits they will receive. Indicate whether the outcome is complimentary. Remind them of the intended use of their donation if they decide to make one.

  • Make It Stand Out

To be effective, your CTA needs to stand out from the rest of the content on the page. The simplest method to achieve this is to use contrasting colors and have a lot of white space surrounding your CTA. Your CTA will disappear into the background if it has the same color as the rest of your text. Make your CTA text larger and more noticeable than the surrounding text because size also matters.

Don’t surround your CTA with graphics or other distracting things if you want it to be the first thing the user notices on the page. Make an effort to make the design call attention to the CTA.

  • Play With Placements

A decent rule of thumb is to position your CTA above the fold so that it can be seen in most browser windows without having to scroll down.

Some businesses take advantage of the fact that visitors are significantly less likely to scroll to the bottom of a page and click and place a lead capture form there at the end of lengthy articles. The prospect can click whenever they are persuaded to take action, thanks to persistent CTAs that scroll with users. Be mindful that the line between annoying and persistent is relatively thin. However, you will probably get more actions if you ask for them more frequently.

Conclusion

Your marketing efforts should consistently and steadily include CTA optimization. Even if what works now might not be the ideal strategy in a year, your effort will probably pay off in spades when you observe improved conversion rates.

How Can You Beat the Rising Rate of Inflation?

The UK is in the grips of severe economic crisis, and one which has had multiple triggers and catalysts over the last few years. Downturns in business performance over the pandemic were compounded with a shock rise in the rate of inflation, itself caused by barriers to international trade. 

Today, the rate of inflation remains above 9% – representing a major threat to the average UK household’s cash holdings. With your savings effectively losing value each day, what can you do with your money to combat the rate of inflation?

High-Interest Savings Accounts

In recent history, savings accounts have not been the best option for passive growth of wealth. Since the economic crisis of 2008-9, interest rates for savings accounts sat below 1%, making for slim gains over time. But in response to the rising rate of inflation, the Bank of England has moved to increase interest rates – and been forced to push them even higher in response to the government’s pro-growth ‘mini-budget’.

The result is a growing competitive market for savings accounts, in which certain limited access savers offer impressive rates of interest. These interest rates still do not touch the rate of inflation, but are good breakwaters nonetheless; they can help reduce the impact of inflation on your spending power while you make more robust long-term plans.

Currency Trading

The UK’s recent economic crises have resulted in some interesting behaviour with regard to the value of the pound. As a direct result of the aforementioned ‘mini-budget’, the pound fell to near-parity against the dollar for the first time in decades. This makes the cost of importing much more expensive, which threatens the inflation rate even more.

However, the volatility of the pound presents a clear opportunity on the forex market. Those with a little more understanding of the budget’s implications were able to hedge against the pound, buying dollars before the fall and preserving the initial value of their investment. By buying back pounds now, forex traders increase their holdings dramatically. With the pound set to rise again, and the dollar continuing to grow, now could be a good time to actively grow income on the forex market.

Lifetime ISAs

The Lifetime ISA (or LISA) is a relatively new financial product which allows savers to take advantage of government subsidy in specific scenarios. The LISA enables you to save up to £4,000 tax-free each year, with the government topping up your savings by 25% each year. The caveat is that your savings must be spent on either your first home, or on retirement, otherwise a 25% withdrawal fee applies. 

In practice, this is the highest ‘rate of interest’ you can achieve without active market engagement – and if your LISA is a Stocks and Shares ISA, you could be eligible for further returns through active market engagement anyway

Crypto markets take a deep Dive amid rate hikes

Crypto markets are taking a deep dive amid rate hikes. Bitcoin, Ripple’s XRP, and Ethereum’s ETH are all in the red today. The reason for the market sell-off appears to be a combination of things.

Cryptocurrency Price Action

The cryptocurrency markets took a deep dive this week amid concerns about rising interest rates. While prices have recovered somewhat from their lows, the overall trend remains downward.

Investors appear to be fleeing the space in droves, as evidenced by the sharp decline in trading volumes. This is likely due to a combination of factors, including increasing regulation and uncertainty about the sector’s future. IF you are into cryptocurrency investment, you may check about BTC And ETH.

With prices falling and no end in sight to the bear market, many investors are wondering if now is the time to give up on cryptocurrencies altogether. However, given the volatile nature of the asset class, it may be wise to wait for a more stable period before making any decisions.

Cryptocurrency Prices Heatmap

The following is a heatmap of the top 10 cryptocurrencies by market capitalization, according to data from CoinMarketCap.com.

As you can see, prices are down across the board, with most coins in the red.
Bitcoin, the world’s largest cryptocurrency by market cap, is currently trading at $13,552.33, down 4.38% in the last 24 hours. Ethereum, the second largest cryptocurrency by market cap, is currently trading at $1,203.10, down 5.97% in the previous 24 hours.

Ripple, the third largest cryptocurrency by market cap, is currently trading at $1.23, down 8.84% in the last 24 hours. Bitcoin Cash, the fourth largest cryptocurrency by market cap, is currently trading at $2,515.81, down 5.78% in the previous 24 hours.

Litecoin, the fifth largest cryptocurrency by market cap, is currently trading at $224.39, down 6.71% in the last 24 hours. Cardano (ADA), the sixth largest cryptocurrency by market cap, is currently trading at $0.611162, down 7.55% in the previous 24 hours .

More Cryptocurrency Prices

As the world economy continues to strengthen, cryptocurrency prices have taken a deep dive. All major digital currencies have lost value over the past 24 hours, with Bitcoin (BTC) falling below $9,000 and Ethereum (ETH) dropping below $700.

The sell-off comes as the US Federal Reserve raises interest rates for the second time in just three months. Higher rates typically weigh on stock and asset prices, and this appears to be the case for cryptocurrencies as well.

With more rate hikes expected in 2018, it’s possible that we could see further declines in cryptocurrency prices. However, given the volatile nature of these markets, any number of factors could cause prices to rebound in the near term. So while a further drop cannot be ruled out, neither can a sudden surge in prices.

Top NFT Sales And Collections

The crypto markets took a deep dive this week amid fears of interest rate hikes by the US Federal Reserve. However, even in the midst of this market turmoil, some digital collectors were able to rake in serious profits from the sale of their non-fungible tokens (NFTs).

Here’s a look at some of the top NFT sales and collections from the past week:

1. The Fyre Festival NFT collection sold for a total of $122,000

This collection of NFTs was created by artist Beeple and was inspired by the infamous Fyre Festival. The group included five different NFTs, each depicting a different scene from the festival.

2. A collection of CryptoKitties sold for $140,000

This collection of digital cats was created by artist Guillaume Graton and was auctioned off on Foundation, an NFT marketplace. The winning bidder will receive ten different CryptoKitties, each with its own unique characteristics.

3. A digital artwork called “Everydays: The First 5,000 Days” sold for $69 million

This piece by Beeple is a JPEG file that contains 5,000 images, each representing one day. The work was sold as an NFT on the Foundation marketplace.

4. A collection of NBA Top Shot moments sold for $1.8 million

This collection of digital memorabilia was auctioned off on the NBA Top Shot marketplace. It included moments from players such as LeBron James and Zion Williamson.

5. A digital artwork called “The Forever Rose” sold for $1 million

This piece by artist Mike Winklemann, also known as Beeple, was sold as an NFT on the Foundation marketplace. It is a JPEG file that contains a single rose that is set against a black background.

Conclusion

Overall, crypto markets have taken a deep dive amid rate hikes. This is likely due to the fact that investors are concerned about the potential for inflationary pressures down the road. However, it’s important to keep in mind that crypto assets are still in their early stages of development and there is a lot of uncertainty surrounding them. As such, it’s important to do your own research before investing in any digital currency.