CAPUT58

Life Insurance Needs differs from one person to another but, in general, an individual’s needs are greatest from the time he started his career or a family until the time he reaches retirement age, where his needs for life insurance gradually diminishes. The following are some of the factors that should be considered when estimating how much life insurance you need and how much protection that you should have. Read the rest of this entry »

In simple interest theory, a capital sum of $100 that is accumulated at 5% per annum would derive an interest amount at the end of the year of $5. If the interest is not included in the capital sum, a 5 year interest accumulation at the same amount and interest rate would mean a total of $25 in interest earned. There is therefore no re-investment of interest. Read the rest of this entry »