Mortgage Protection Insurance Is Still Not Transparent But Changes Are Set To Come In March

By: Simon Burgess

A big change for the better will be seen in March this year when the Financial Services Authority introduces comparison tables for payment protection products. Payment protection consists of three policies: mortgage protection insurance, loan payment insurance and income protection. Currently all three policies are hard to understand and, depending on where you buy the cover, very little information can be given.

The comparison tables will ask the questions relating to their circumstances and help the consumer choose the most suitable type of cover, if any. They will also make the individual aware of the exclusions and terms and conditions, including how much a policy will cost. It is hoped that this will open up the payment protection sector and make it more transparent when it comes to buying. Consumers need to understand a policy and what it is and is not capable of doing, to ensure they choose the right cover.

Some of the most frequent policy exclusions to be found include only working on a part-time basis, being self-employed or retired, or suffering an illness that is ongoing at the time of applying. Providers can slip other exclusions in and the terms and conditions of each provider do differ. It is for this reason you have to compare not only the premiums but also the key facts. You have to delve deep into a policy before buying. For example, although a pre-existing medical condition would mean a policy is not suitable, if the condition has not occurred within the past two years you might be able to claim.

A lack of information is what leads to confusion and individuals buying cover that they cannot hope to claim against. The majority of polices that have been mis-sold have been done so when the consumer has taken on a loan or mortgage and the cover at the time of borrowing. While this might seem to be the best option for taking out mortgage insurance it can be the dearest. High street lenders are known to charge way over the odds for the premiums. Simply by shopping online with a specialist provider the consumer can get a policy up to 40% cheaper than the high street quotes.

Mortgage protection insurance would give the policy holder a tax-free income if they found themselves unable to work. A policy would give protection against being made redundant, suffering from an illness or having an accident. Depending on the terms of the cover a policy could begin to pay out from day 31 but it can be as late as day 90. Once the cover has started to provide the holder with benefit it would then continue for between 12 to 24 months. This income would provide great relief and peace of mind by allowing the individual to keep up with their mortgage repayments and not get into arrears.

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When taken out with your circumstances in mind, mortgage cover can stop this worry.

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_9743.shtml

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Critique Your Resume

By: Linda Matias

You have written your resume. To your untrained eye, it looks pretty good to you. So you are ready to send it out. Unfortunately, a successful resume isn?t dependent on whether or not you like it, but on the opinion of hiring managers. As a result, you have to look at your resume from an employer?s perspective.

Let?s take a look at the common subheadings of a resume and explore what employers like to see. Based on the information provided, self-score your existing resume.

· Heading: The heading of your resume should include your name, contact information (address, phone numbers, email address). Follow these tips to ensure that your heading is following proper resume protocol: (1) avoid providing your work number. Potential interviewers may interpret the inclusion of a work number as a lack of loyalty on your part since you are job hunting on your current employer?s dime. (2) Don?t include your home phone number if young children and/or non-English speaking family members tend to pick up the phone. Instead use your cell phone. If you don?t own a cell phone, then kindly asks residents in your household to let the home phone go directly to voicemail (3) when you are searching for a job, don?t pick up your cell phone in places where you are not able to talk, such as on a train or in the middle of lunch meeting. If you don?t know who is calling, let your cell phone go to voice mail.

Critique: Does the heading of your resume include your full name, address, professional sounding email, and a contact number? ___ Yes ___No

· Objective/Profile Statement: Your profile statement should provide a summary of the skills, knowledge, and abilities you feel are most important to the position you are seeking. This means that if you have more than one career interest, then you will need to adapt your profile for each interest.

Here?s a sample of an effective profile statement.

Strong, diverse background in accounting, bookkeeping, and auditing within various environments, leveraging analytical and problem solving skills to achieve positive results. Excel in managing multiple financial/accounting/HR activities concurrently. Uphold highest level of professional and personal ethics; well-versed in regulatory requirements. Proficient in use of technology to support top-priority business goals, including Excel, QuickBooks, and Intuit?s Enterprise Solutions software.

Critique: Does your resume go beyond the usual seeking-an- opportunity-to-grow type of statements? Have you taken the time to delve into what you can offer an organization? ___ Yes ___No

· Professional History: Your professional history must be packed with accomplishments. Each profession has different standards as to what constitutes accomplishments. For example, an accomplishment for a teacher may be the ability to create curriculum that is suitable for all learning styles. On the other hand, an accomplishment for an administrative assistant can be the streamlining of files that allows for accessibility.

Many job seekers are under the impression that accomplishments have to contain numbers. This is not the case as noted by the examples in the previous paragraph. A gauge you can use as to whether something is an accomplishment or not is this: are you proud of the said activity? Did the activity win praise from others?

Critique: Does each position have at least three noticeable accomplishments? Note: the number of accomplishments varies from individual to individual. Use the number three as a realistic gauge. ___ Yes ___No

· Format: If you are using a Microsoft Word template, scratch it. Interviewers are used to seeing those formats again and again. Be creative and create a format that suites your specific goals and work history. In addition, if you have used a resume template before, you can attest to the fact that you have no creative control. Depending on the template, you may not even be permitted to add extra bullets statements, if necessary. You are subject to the template layout and can?t veer away from the design because if you do, you run the risk of a formatting disaster on your hands.

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It will make it difficult for the decision maker to read small lettering. Please understand that resumes don?t have to be one page. If your resume needs to be longer to include all the relevant information that is fine. Hiring managers expect resumes to run up to three pages. Choose a font size that is easy on the eye.

Critique: Does your resume have an easy to read font face and size? ___ Yes ___No

· Action oriented sentence starters: Your resume should never include the words ?I? or ?we.? For example, instead of writing I implemented, begin the sentence with Implemented. Here is a list of action words you can use in your resume. They are split into categories for easy use.

Management action words: analyzed, coordinated, delegated, executed, incorporated, motivated, and oversaw.

Communication action words: addressed, authored, persuaded, summarized, renegotiated, reported and wrote

Creative action words: conceived, conceptualized, created, designed, developed and produced.

Detail-oriented action words: approved, compiled, edited, inspected gathered, and proofread.

Critique: Does each sentence of your resume begin with an action word? ___ Yes ___No

You know when your resume is ready to be submitted when you score one hundred percent on the evaluation above. Good luck!

Article Source:
http://www.articlecity.com/articles/business_and_finance/article_9736.shtml

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