4 Overlooked Estate Planning Moves

When people think about estate planning, they typically think about drafting a Will and passing on property or money to family or other loved ones. However, preparing for the future may involve other areas you may not have considered.

Increased life spans, new technology and rising costs could mean making plans beyond deciding who will get what. Here are four estate planning steps that are often overlooked, but which can have a big impact on you and your family:

Make a plan for your future medical care

Our health naturally deteriorates as we age, but accidents and sudden illness can also greatly impact one’s quality of life. Planning for future medical care could help you maintain a measure of control during some worst-case scenarios.

One way to plan for future care is through an advance directive. This is a legal document where you can record preferences and instructions for medical care and grant another person power of attorney to make decisions on your behalf if you’re unable to do so for yourself. 

An advance directive can help guide your family and doctors through important decisions that could impact your quality of life.

Think about your digital assets

As our lives increasingly move online, having an end-of-life plan for our digital presence and files is becoming more important. Loved ones may need to access your computer or email to find important information, such as financial statements. They might also want to close certain accounts to help prevent fraud or to aid with the grieving process.




Many sites make it easy for family members to access online information or close accounts, but some do not. Taking steps now could help this process go as smooth as possible when the time comes. This may include things such as keeping a secure record of important usernames or regularly backing up documents saved to your computer and other devices.

Consider burial costs

The price of a funeral can be expensive. In many countries it can even cost in the tens of thousands of dollars. The burden of this expense could be tough for your loved ones to shoulder, especially since families often need to come up with funeral money on short notice.

With this in mind, you may want to familiarise yourself with the costs of funerals in your area. Knowing the average costs of burial fees, coffins and flowers could help you factor the expense of a funeral into your estate planning. 

You might decide to set aside money specifically for the service, or look into other ways to pay, such as taking out a funeral insurance policy.

Share your funeral wishes.

Planning a loved one’s funeral can be difficult for reasons beyond the cost. Often, family members have no idea what the deceased would have wanted. Discussing any funeral wishes you may have with family could help remove some of the guesswork.

If you have any strong preferences or general thoughts about your own funeral, sharing these with your family could help them honour your wishes. This might include things like preferring cremation, wanting an eco-friendly burial or requesting a favourite song be played at the service. You might also consider writing down your funeral wishes and giving a copy to a trusted family member or friend for when the time comes.

Planning for an uncertain future may not be fun, but it could help your family better cope with their loss. Making a plan to address medical issues, digital information and your funeral may be important. The more consideration given to these subjects now, the easier it might be for your family to close out your final business and say goodbye.

Want To Reduce Your Health Insurance Premium? Here’s How

Have a correct sum health insurance at correct age. It’s critical to have the correct amount protected – you should keep your health, age, and wage as a top priority while acquiring a health insurance cover; purchasing abundance or deficient coverage can prompt significant issues. 

In the event that you are over-insured then there will be a higher health insurance premium outgo. Then again, on the off chance that you are under-guaranteed then you may need to pay additional from your pocket. 

One likewise needs to observe expansion while considering paying a health insurance premium – for example, a ten lakh policy today would be lacking five-to-ten years down the line.The major factors are:

Decide on willful co-payment

In the event that you are young and healthy, you can pick a high willful sum and get a concession on premium rates from the back up plan. As the likelihood of falling sick is less when young, it’s an incredible method to get moderate premium rates from the health insurance companies. 



You can select high willful sum when you are young, healthy, and have an enduring stream of wage; it’s an extraordinary method to limit premium cost. Co-installment is the part of claim that must be first paid by the policyholder at the season of a settlement, which can be additionally isolated as mandatory and willful.

Buy insurance on the web

You ought to consider purchasing a health insurance policy on the web, as there are extensive rebates accessible on premiums. Online health insurance strategies are nearly less expensive that those sold by operators specifically, as the insurance organization doesn’t need to pay a commission to specialists, and the advantage is straightforwardly passed on to the purchaser. In addition, purchasing a health insurance policy online is both problem free and helpful for the client.

Choose a more drawn out tenure

Health insurance approaches are required to be reestablished each year, in any case, some health insurance organizations offer strategies that have a term time of a few years. There are advantages of picking a more drawn out tenure health insurance policy as one gets critical rebates on premium.

Select a Family Floater policy

While picking a health insurance plan, it’s basic to consider the coverage prerequisites of your family also. One can profit rebates while choosing a family floater policy, as the general premium is partitioned among all safeguarded relatives. 

Since premium is charged based on coverage, health insurance organizations additionally allow you to modify your coverage includes according to your requirements.

No claim benefit plans

In the event that there is a zero claim in the earlier year, the greater part of the insurance organizations give a no claim reward. Subsequently it’s critical to check with the insurance organization whether they offer a no claim reward. One can utilize a no claim reward to get additional coverage without paying the extra premium.

Lead a healthy lifestyle

Your lifestyle decides your health. You are less inclined to illnesses and infections on the off chance that you endeavor to live healthily. This is featured by numerous health insurance organizations that offer unique premium rebates for the same.

The Bottom Line

There are a few elements influencing everything with regards to choosing the premium of your health insurance cover – ‘age’ stays one of the conspicuous elements. As age expands so do the premium of health insurance companies. 

Subsequently, one should buy a insurance policy at the earliest opportunity to profit the advantages of a lower premium. Thus, by breaking down the coverage and its highlights, you can spare your well deserved cash. Straightforward tips will help diminish your health insurance premium.

Author Bio: Sidharth Kapoor is a well known financial insurance advisor with the abilities to keep a track and predict the market trends with the utmost accuracy.He has done PGDBM in finance. He has worked on different financial sectors dealing with the entire range of Insurance like health Insurance,life insurance,personal accident insurance and also contribute as a writer at insuranceoverview blog more. He is also an expert in writing many finance related articles and blogs.

How Much Does it Cost to Upgrade Your Patio Doors?

Patio doors can open up your home to an entirely new space during good weather. Your patio, deck or backyard can be used as a comfortable and airy room during parties, for relaxation and by your energetic children. 

Your patio doors should protect you from the elements and from possible prowlers. They should also help to insulate your home and should be easy to use for whatever size space you have. 

Here are five ways that you can determine how much it will cost to upgrade your doors to a new style.

What Type of Frame Have You Chosen?

Wood is by far the most expensive material used for a patio door frame, but it can be truly beautiful, especially in traditional homes. Fiberglass is a bit cheaper but is incredibly durable. Budget-friendly frame options include aluminum and vinyl. However, keep in mind that these materials may not last for many years.

What Style of Doors Do You Want?

One of the largest costs comes from the style of door that you have chosen. The two-panel gliding door is the most frequent choice and is by far the cheapest, costing $1,000 to $2,600. Sliding doors with more than two panels will cost far more. French doors keep the traditional look and open on hinges. 



They typically come at similar prices. Bi-fold doors for a kitchen are particularly popular because they save space while also allowing you to open your home to the outdoors. Telescoping doors may cost up to $5,000 but are the best options in extremely limited spaces.

Are You Using Specialty Glass?

Obviously, custom designs cost the most. Consider whether you want or need special thermal glass, impact-resistant glass or decorative glass. You may also want to consider adding built-in blinds to your doors.

How Much Does Installation Cost?

Installation can cost from a few hundred dollars to $1,400 depending on where you live, how large the patio doors are and how much work will have to be done to prepare the area. Very large or custom-built doors generally require more labor.

Are You Just Ordering a Replacement?

If you are just ordering a simple replacement part, you will see the lowest costs. Glass replacement may cost only $1,000 or less while new rollers for sliding doors will only cost $40 or so. Knobs and screens can also be added for a fraction of the cost of installing an entirely new door.

The cost of the materials and the installation will vary dramatically based on the variables that you choose. 

Of course, it is always wisest to choose the higher quality door over the lower-quality one, which could let in cold air during the winter and hot air during the summer and that may not offer you the level of protection you want. Additionally, keep in mind that where you live in the country may also affect your final cost.

An Investor’s Guide to ULIPs and ELSS

Choosing between Unit Linked Insurance Plan (ULIPs) and Equity Linked Savings Scheme (ELSS) through SIP can seem confusing, as both are investment options that offer the benefit of tax deduction under Section 80C of the Income Tax Act. 

It is essential to know the difference between SIP and ULIP since you can opt to invest in an ELSS scheme through a Systematic Investment Plan (SIP) route. 

The choice between the two should be based on your individual financial goals, risk appetite and investment horizon. Before making a decision, let us delve deeper and decode these two products.

What is ELSS?

Equity Linked Diversified Schemes or ELSS is primarily an equity diversified mutual fund scheme that invests in stocks from various sectors and of different market capitalisations. 

You need to lock in your investments for three years in an ELSS. You can claim up to Rs. 1.5 lakhs as a tax deduction against your investment in an ELSS.

What is a ULIP?

A ULIP is an insurance cum investment product, where one part of your investment is directed to give you a sum assured, upon maturity while the remaining is invested in securities such as equity, debt, money market depending upon your preference. 

You need to lock in your investment in a ULIP for five years. Here’s the guide how to choose ulip plan that you can follow to know more things before invest. 

During this timeframe, however, you can choose to switch from equity to debt or hybrid, in case there is a change in your investment objective. You can also claim a deduction of up to Rs. 1.5 lakhs on your investment in a ULIP.

What you should know before investing in ULIPs vs ELSS

Specific factors that make ULIPs a unique investment product are as follows: ULIPs offer you the power of insurance or a security cover along with investment benefits.

Initially, the premium you pay for a ULIP is used for various charges towards life insurance such as mortality charges, fees towards fund management and administration expenses.

Post deductions the remaining premium is divided between providing you a life cover and buying fund units for investment. 




What you should know before investing in ELSS vs ULIP. Certain factors that differentiate ELSS from other investment products are as follows:

ELSS is the only mutual fund product that offers tax benefits under Section 80C of the Income Tax Act.

It has the shortest lock-in period of three years as compared to other tax savings products that come with a lock-in of five years and more.

You can invest in ELSS through a SIP throughout the year, to avoid last-minute tax planning woes.

Since it is an equity-diversified scheme, you can continue to invest in it post the lock-in of three years.

ELSS schemes invest in equities. Thus, the risk involved in ELSS investment is higher as compared to other tax savings instruments, but the returns are potentially higher as well.

Differences between ULIPs and ELSS:

1- Essential feature:

ULIP: Insurance cum investment product that can help you in long-term wealth creation

ELSS: Pure investment product that aids in long-term wealth creation

2- Tax benefits:

ULIP - Annual premium amount is eligible for Tax deduction under Section 80C. Policy pay-outs (death benefits) are exempted under Section 10 D of the Income Tax Act.

ELSS - The amount invested annually in ELSS is eligible for tax deduction under section 80C of the Income Tax Act.

The invested amount in ELSS falls under EEE category. This means it is exempt from taxes at the time of investment, taxes at the time of investment, accumulation and withdrawal

3- Applicable charges:

ULIP - Multiple charges are applicable on ELSS. These include mortality charges, premium allocation charges and administration charges. However, it is not very easy to access information about the premium breakup.

ELSS - Fund management charges and exit load (if you redeem your units before maturity), are explicitly specified in the scheme information document, before investing.

4- Liquidity:

ULIP - ULIPs have a lock-in of 5 years.

ELSS - ELSS has a lock-in of three years.

To read the difference between ULIPs and SIPs, click here.

Which one should you choose?

Both investment products have unique features and are long-term in nature; hence, choose your option purely on your investment objective. However, along these two schemes you have one more choice to invest, i.e: sip. 

You may follow this guide to know more about how to invest in sip. For instance, if your aim is to invest in a single product that takes care of your insurance and investment needs, then ULIPs can be the ideal choice. 

On the other hand, if you wish to compartmentalise insurance and investments and are looking merely for a tax savings product, an ELSS fits the bill.

Bajaj Finserv can help fulfil all your insurance and investment needs. With attractive investment options offered in a convenient and hassle-free manner, you can save on cost, time and effort. 

An entire range of financial products including home loans, personal loans, business loans and more offers instant finance, without any forms, queues or processes involved. All you need to do is share some details and check out your pre-approved-loan-offer here.

Gaming Expenses: How Teens Can Manage Their Entertainment Cash

Keeping up with a video game hobby can be extremely costly. It can be particularly expensive for young teenagers who don’t work full-time jobs. If you’re a youthful video game lover who wants to save up for the best games out there, these suggestions can work out nicely for you.

Reduce Any Unnecessary Expenses

You may be able to get a handle on your entertainment cash by cutting out costs that simply aren’t necessary. You don’t have to go to the movie theater every weekend. You don’t have to order a large side of popcorn. 

Remember, costs that are associated with eating out at fast food restaurants can be steep. If you want to save for entertainment, you should assess your monthly expenses and cross off anything that’s not 100 percent vital.

Get a Part-Time Position

Working a part-time job can be wise for youngsters who want to get money for entertainment needs. You can find out if your local grocery store is hiring anyone. You can find out about easy and quick jobs in the neighborhood, too. 



You may want to think about beginning your own dog-walking service for busy people in the community. Think about getting a job for evenings and weekends.

Learn All about Game Monetization Software

Avid video game enthusiasts lately rely on game monetization software. This software gives individuals the ability to get paid for doing what they adore the most, which is playing their favorite video games. 

Game website monetization tools are great for video game lovers. Pick a company that offers payments that are designated for subscribers. If you request a monthly subscription, you may be able to get your hands on some extra dough.

Sell Old Belongings

You can sell old possessions to earn money for entertainment. Think about throwing a garage sale and getting rid of old video game systems that you no longer love. You can try out auction websites, too. 

You can put listings up for old clothing items. You can put listings up for toys, decorations and relics that are no longer part of your life as well. Selling belongings can be a great choice for people who want to secure money rapidly.

Handling your entertainment expenses doesn’t have to be as tough as you think. If you want to earn money for exciting entertainment needs, there are numerous choices on hand for you. 

Learn all about organizing a garage sale. Learn all about posting listings on widely known auction sites online, too.

Dental Expenses: 4 Procedures You Need to Save up For

When you consider medical costs and insurance, you may find it easy to overlook dental costs. However, some dental treatments can be quite expensive especially if you do not have insurance. If you believe that one of the following four treatments may be in your future, start saving up now.

Root Canals

Root canals are performed when a cavity extends from the enamel of the tooth deep into the root of the tooth. A root canal will clean out the diseased tissue and disinfect the area to create a healthy tooth again. 

This is often an involved process that requires anesthesia and plenty of time to accomplish. A root canal alone may cost around $1,000, but extra money is typically needed for the crown to cover the tooth when the root canal is completed.

Sedation Dentistry

Many patients are opting for sedation dentistry today, and you may want to ask for it too if you deal with dental anxiety. 




Sedation dentistry can help you relax and be comfortable during all of your appointments whether you need to get a filling, or something more invasive is on the menu. The cost may run from very low to up to $500 depending on the type of medication chosen.

Dental Implants

If you have lost a tooth from an accident, injury or disease, you will want to consider replacing it with an implant. Implants are actually very good for your oral cavity because they are just as strong as real teeth are. 

They are placed into the jawbone and are covered with a full crown designed to match your other teeth. However, because this is a major procedure that takes several appointments to be completed, you may have to save up to $3,000 for a single tooth.

Periodontal Surgery

Periodontal surgery is occasionally used for advanced gum disease and on gums that have been cared for poorly over the years. During the surgery, tartar buildup is cleaned from under the gums, and the gums are reshaped to properly cover the teeth. 

Surprisingly, this surgery can be very expensive if you have to have it done throughout the entire mouth and can cost up to $8,000.

In addition, many cosmetic dental treatments can also be quite costly. Therefore, you will want to consider carefully how much benefit they will bring to your life before you undergo them. 

However, many non-cosmetic procedures may seem costly now but are far worth the expense when you consider how much better they will make your life and how much they will save you in the future. By caring for your teeth now, you can keep your teeth, gums and jawbones healthy for a lifetime.