Getting life insurance is easy enough, but getting the right kind of life insurance can take a bit of strategy and thinking. You will need to know a few things before you do get the right kind of insurance that you feel will fit your needs and your family?s needs. Here are some things you might want to know before you do plunk down your hard earned cash on a insurance policy that you are being offered to get.Different Kinds of Life InsuranceThere are a couple of distinct types that people can avail of. You can choose to get a term life insurance policy or a whole/permanent life insurance policy. The difference in the two types is defined by the payments you make and how long you have to make these payments. With a term life insurance policy, you are to pay off your policy in a period of time that you choose from around ten, twenty, or thirty years. The payment period of a whole/permanent life insurance policy lasts for as long as you are alive, which could mean that you can be expected to pay for your insurance well into your golden years. The difference in the amount of money your beneficiaries will get with these two different kinds of insurance. With a term life insurance, your beneficiaries will get only the amount that you paid for in the term you chose. With a whole/permanent life insurance policy, for as long as you keep up payments, the amount that your beneficiaries will receive will increase over time.Things to Know About Life InsuranceHere are a few things you will need to know and how to get the most out of your insurance policies:- Do your research. When you are looking around for a insurance policy for yourself, it does pay to do your research. Look around for the better deals and for those premiums you know you can readily afford. You should be able to talk to a few different insurance agents and companies to see what your options are and to better choose what suits you best.- Remember, the better health you have, the better the rates. When you get insurance when you are in the pink of health, you do get better rates. Certain life-threatening habits like smoking, life-threatening activities like dangerous sports, being overweight, and other similar findings that can shorten a person?s life expectancy often makes an insurance company assessor charge a person more. Try to get into somewhat better shape than you are in right now to get yourself better rates when it comes to your life insurance premiums.- When you’re young…Another way to get lower premiums is to buy insurance when you are younger. If you buy at a younger age, you get the advantage of good health and more years to pay for you insurance. If you get term insurance, you can be done with your premium payments at an earlier age as well.- Reassess your insurance every year. The insurance you got at the start of the previous year may not be enough coverage for you and your family at the beginning of the following year. Certain events in your life may alter the needs you have and the needs your family has as well. You may need to assess and change the insurance coverage you have after every year to cover all of the things you need to have covered or that has changed in the past year.- Never lie on your insurance application. You might think that omitting one or two ailments or problems from your life insurance application can let you get away with paying more than you are supposed to. Just keep in mind, if the insurance company who has your life insurance policy finds out that you withheld important information from them during the application process, they can terminate the policy and you will lose everything you have invested in it so far.
Offline Gambling: For Richer or Poorer
Gambling is very popular, from way back when, and more so today. It is a scam itself. In fact the oldest form known. Not only a scam, but very deceptive. Statistics show that about six percent of adults that are involved in gambling are severely addicted to such a “past time” as they call it. People who are hooked on gambling have the urge to bet on almost anything. From horses, cards, and the casino. The number doesn’t end there. It continues to expand.
Casino scams are everywhere. High payouts and promising winnings are put up in huge slogans thereby attracting people who want to earn money the fast, easy and enjoyable way. A fact is gamblers waste a lot of their time, in the hope of winning. So they don’t give up easily.
Studies show that gambling problems can easily occur in individuals with no self control. It is necessary for one to identify if he has problems, so it can be identified and acted upon promptly.
Here are some questions one should ask to detect if there is a problem:
* After gambling, when you lose money, be it a small or a large amount, do regret it, or feel resentment?
* When you win, do you have a strong desire to win more, therefore you want to go back?
* When you lose, do you feel a need to go back very soon?
* Do you spend a lot of time gambling, usually longer than what you planned?
*If you have problems, do you gamble to forget them?
* Are you spending more time gambling than with work?
*Do you not stop until your very last dollar is taken up?
*Do arguments take place between you and your family as a result of your need to gamble?
*To finance your gambling, do you borrow money from friends or associates?
Gambling addiction can be destructive. Family, friends and your reputation are at risk. It is a condition often times ignored. There are escape gamblers that affect seventy five percent of women from their thirties and up. Usually the reasons for gambling is to escape from the emotional pain that they are in, being bored, lonely, depressed or that they make gambling their hobby or past time. These types of addiction can be cured in three to six months.
The action gambler is much more difficult to deal. Most are men, where gambling for them creates ecstasy like a drug addition. This is much harder to cure, since the individual will deny the fact, when confronted. They will typically not stop until left with nothing, financially.
As gambling creates a lot of scams, it is a fact that still more and more are drawn to it. The primary reason is to win a huge amount of money. But then comes in the most lethal of reasons — that of feeling a certain euphoria. Scams or no scams, an individual still continues to gamble and is a reason why offline gambling still thrives today.
The US Gambling Law & How It Affects US Players
In all things legal, there’s no substitution for the advice of a qualified lawyer. However, a general idea of where the law stands on gambling and poker is a good place to start if you have concerns about playing poker for money online.
The first thing you should know about US gambling laws is this: recent events have brought a lot of attention to online wagering and the passing of the Safe Pot Act, which included an important statute about online betting, will make sports betting and most online wagers involving money transfers, illegal.
The second thing you should know about gambling and poker: there is a big difference between something like sports betting and gambling in a skills game like poker or bridge. There’s also a sizeable difference between betting in roulette or on a slot machine. As yet, these different forms of gambling have not been treated in the same way by the law; a ruling that applies to sports betting doesn’t necessarily apply – at least not yet – to online poker.
The situation is still very confusing though.
One of the leading gambling law authorities in the US had this to say before the passing of the Unlawful Internet Gambling Enforcement Act of 2006: “No United States federal statute or regulation explicitly prohibits Internet gambling, either domestically or abroad.” However, the Wire Act contains the following subsection: “Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both.”
It’s fairly easy to see why this statue, the Wire Act, was most often citied as the law that makes online gambling, specifically sports betting, illegal. Yet, even this important statute doesn’t explicitly state that online gambling, let alone online poker playing, is illegal. The wording of the statue suggests that it only applies to the individual involved in the “business of betting or wagering” not to the individual better or, in poker, to the individual player. See the case of Jay Cohen for more.
In 2006, the passing of the Unlawful Internet Gambling Enforcement Act changed the situation for online sports betters and, probably, for poker players as well. The act looks set to specifically target the transfer of money in the betting world.
Free games and forms of gambling that don’t involve the transfer of money will be unaffected by the bill, but just about every other form of gambling is, although it’s still considered unlikely that individual bet makers, let alone poker players involved wagers, will be targeted by state or federal governments.
Most of the attention in the Unlawful Internet Gambling Enforcement Act and the Wire Act is given to money transfer. As per the 2006 Act: “No person engaged in the business of betting or wagering may knowingly accept any money transfers in any way from a person participating in unlawful Internet gambling…[which]…includes credit cards, electronic fund transfers, and even paper checks. But it is limited to Internet gambling businesses, not mere players.”
The expectation is that all online transfers or transactions of money will require participants to provide valid and verifiable ID so that the transaction can be tracked and assessed.
When it comes to funding or withdrawing from an online poker account, for example, with a credit card, check, or wire transfer, the 2006 Act will probably make things more complicated for the player. Ultimately, it will depend on how readily the new laws are enforced and how readily the individuals sites agree to comply.
Playing poker online has not been considered illegal either by law or by consensus, but it’s important for anyone with concerns to consult with a lawyer for more information about how this new bill, the Unlawful Internet Gambling Enforcement Act, will affect the situation. Everyone should stay informed of developments that may change the status of either online gambling in general or online poker playing. The Act hasn’t been signed yet but it will be and the regulations it proposes will go into affect by the beginning of 2007. You should also check the laws for the state in which you live.
Sports Gambling
Sports gambling, also called sports betting, involves prediction of sport results by making a wager on the outcome of a sporting event. The legality and acceptance of sports betting varies from one nation to another. It also varies from one state to another. The legal age limit for sports gambling is usually twenty-one years.
Some of the sports that a person can bet on are NFL games, horseracing, professional hockey, hound racing, and baseball. Some of the sports that are not usually available for gambling are golf, Indy 500, and tennis. A gambler can wager on sports in Nevada and Oregon where betting is legal. Wyoming also allows betting on sports but there is some ambiguity about the subject.
Although it is illegal to bet on sports in the US, there are many illegal bookmakers in every town and city. Other betting options include Internet and offshore gambling that are a relatively new phenomenon. Internet gambling is a little riskier compared to land based gambling because the gambler cannot judge the quality of the gaming institute. Many frauds and swindles have become known in the recent years. However, many people successfully bet on-line and win on a regular basis.
There are many types of bets in sports gambling. Some of the popular types include spread bets, proposition bets, money line bets, over/under bets, parlays, and teasers. The winnings and procedures for these bets differ according to the bets themselves. All gambling wins and losses are to be reported to the IRS every year and anyone betting an amount in excess of $10,000 will have to fill up a form for the IRS before starting the betting procedure.
According to surveys, seven out of ten adults in the US betted on some sport in the year 2005. The total revenue generated because of online betting exceeded $12 billion in the same year. This shows that sports- betting is not frowned upon as much as other gambling since it is a skill game where the knowledge of the gambler about a particular sport is tested along with his betting abilities.