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Is it a Good Idea to Sell your Life Insurance?

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Many people pay for different insurances to ensure that their families are protected financially. Life insurance has its benefits and a lot of people feel comfortable paying those premiums, but sometimes they reach a point in their lives where they feel that they need to change things. This includes their insurance plans, so take a look below to know if selling your life insurance would be a good idea or not.

What Does It Mean to Sell Your Life Insurance?

When someone decides to give up their rights on being the owner of their policy, it means that they require a life settlement that gives them a nice sum of money in return. This transaction happens when the owner can’t carry on with the payments anymore, or if they are in a difficult situation and they need the money, or if they just reached a certain age where an insurance policy is just not suitable for them anymore, thinking that’s the best for their needs, finances, and living situation. But the insured person needs to have a life expectancy more than 2 years; if it’s less than that, then it would be considered as a viatical settlement.

What Can You Do When You Can’t Pay Anymore?  

There are instances where you may feel like you can no longer afford to pay for the insurance. When a person wants to make a change, they should consider the different life insurance settlement options that are available to them. It can make a difference in their situation depending on which one they choose. It’s within your right to change the beneficiary if you don’t have any restrictions in place. You could use it as collateral for a loan that you apply for, or you could borrow against the insurance policy itself, and you can actually sell it to an individual investor or firm for money. Generally, you need to evaluate your decision  thoroughly, so you can figure out which one is best for you.

When Can Selling It Be Worth it? 

Many people wonder when would be the best time to do this, and it boils down to what type of situation you’re in. The best time could be when you’re trying to find appropriate funding for your retirement, or when you simply can’t keep up with the payments and you’re afraid of losing the insurance. Another example of when it may seem like a good option for you is when you’re already being provided long-term care, so having insurance wouldn’t really be beneficial for you. Also, it’s suitable if your health condition is critical; if you’re chronically ill and there’s no chance to have access to the death benefits early. The policy might have options that are useful to you if you’re lucky, but it could prove to be worth more if you sell it instead. Lastly, things change over the years, and when you reach an age when you simply don’t have anyone left that’s dependent on the support, then paying for insurance isn’t viable anymore.

What to Do When in Doubt?

If you’ve gone through the options, multiple times in your head and you’ve weighed the pros and cons of each aspect, but still can’t make a decision, then it’s best that you seek the guidance and advice of professional financial advisors, accountants, and even acquaintances that have gone through the same process and can share their insight and experience. This can mean a lot for you in the decision-making process, making things a bit clearer. It can help you decide and understand if this is the right and beneficial decision for you or not. It’s imperative that you don’t make a decision that you could regret later, so it wouldn’t hurt to seek advice or counsel from the experts that know everything about the process.

Never Feel Pressured 

You need to understand that when you feel rushed or uneasy when it comes to the sale process, then it’s apparent that you shouldn’t do it. It’s within your right to refuse any offer if you’re not comfortable with it or if you change your mind. The rules of the process state that you have a small period to decide or have a change of heart during the first 15 days. This period may vary according to which state you live in. It’s great that you have this recession period to think things through again, so there’s no rush or pressure at all. You shouldn’t feel any obligation to accept any offers immediately. 

What Type of Documentation Should You Submit?

If you decide on going through the process, then you should help make things go smoothly by preparing the specific documents and reports that your broker will need when they negotiate a great deal for you from potential buyers. You need to give them your medical history report and full health information and inform them about how many years are left for the premium payments. You also need to send the cash surrender value document of your policy. Lastly, you need to state which type of life insurance you have and list the type of premiums and mention if it’s possible to convert from one type to another. 

Things to Consider 

When you start dealing with brokers that will help you find a buyer, make sure that they are licensed and regulated by the state’s insurance department. Review any tax ramifications that can possibly happen when the sale goes through and check if there are any fees you should know about. Most brokers have a commission fee so you need to keep that in mind. Remember to be patient and know that your brokers will do their best to find the perfect deal for you. Let them know if you have any debts, because those funds will still be needed, so make sure they explain how everything works when it comes to the sale. 

The decision of selling your life insurance shouldn’t be taken lightly because there are various factors to consider. You have to be completely sure this is the right course of action to take, and it’s going to give the peace of mind you need. Senior citizens should have easy and hassle-free lives, so it can be a good idea in some situations. It just depends on the person’s financial situation and the offer received. It can be beneficial in the right circumstances.  

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realme and Jumia join forces to boost smartphone adoption in Africa

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Jumia, the leading pan-African e-commerce platform, today signed a Memorandum of Understanding with realme, the world’s fastest-growing smartphone brand, which would provide millions of consumers in Africa access to innovative and trendsetting devices with the latest technology.

 

The agreement allows for realme to have an official store on Jumia’s platform that would connect it with online consumers across 11 African countries, initially including Nigeria and gradually expanding to Kenya, Ghana, and Ivory Coast, and thereafter to the remaining African countries where Jumia operates.

 

“We are delighted to begin exploring how we might offer our platform to realme and provide it with the opportunity to grow and access the African market. Both of our companies share similar values and we look forward to a collaboration that would provide Jumia’s consumers access to best-in-class, affordable smartphones via Jumia’s seamless shopping experience,” said Sandeep Narayanan, VP, Consumer Electronics, Jumia.

Read Also: 8 Tips On How To Build A Winning Poker Hand

“We are thrilled to partner with Jumia, the leading e-commerce platform in Africa, to bring our smartphones to users across the continent. This partnership reflects our ongoing commitment to technology decentralization by making technology that used to be only in flagship models to be accessible to more consumers. We believe the young generation in Africa will find our products to have the best side of performance and of trendsetting design, as it is our mission to scale innovation with trend for consumers in the world” said Jack Zhang, General Manager of realme CIS & MEA region.

 

Sub-Saharan Africa is one of the world’s fastest-growing mobile regions and millions of African mobile users use a smartphone to access Jumia for their everyday needs. With this in mind, we look forward to further enhancing the penetration of e-commerce in the region,” added Sandeep Narayanan.

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From KNUST Through to Adjaye Associates to Yale in the Fall 2022 – Simon K. Charwey shares his journey

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Simon K. Charwey

Today, I couldn’t be more humbled and confident to announce that I have been awarded a full scholarship for a 2 year graduate program, MFA Graphic Design. My story was a zigzag one with stories within stories. But the most recent experience before my journey now to Yale is this:

When I was invited by Sir David Adjaye to join his talented team, comprising Ghanaian architects, designers, researchers, and architects from Gambia, South Africa, Nigeria, Rwanda, among others in the Adjaye Associates’ Accra studio, I saw the call as both a responsibility and a privilege — as a responsibility, I felt a sense of purpose to let my works well represent the ethos and vision of Sir Adjaye, his works, and his global clients. As a privilege, I saw it as an opportunity to unlearn and relearn under the tutelage of Sir Adjaye and his team in the Accra studio, and other teams in the London and New York studios.

Looking back, I am proud to invite you to share in my joy working with the most talented team I have ever worked with after my first degree in B.A. Communication Design at the Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, 2010. This has prepared me best for my journey to Yale — to unlearn and relearn; to see what Yale will make out of me, and what I will make out of Yale for my home country Ghana and Africa. As Ephraim Amu rightly put it in our unofficial national anthem of Ghana (1929), “Yɛn Ara Asaase Ni” (English: “This Is Our Own Land”).

Read Also: Simon Charwey creates African Design Matters, a directory for creatives of African descent

I owe everything to design educators right from Akro Secondary Technical School (ASTS) through to KNUST, and also to the many new mentors I have divinely connected to from different parts of Africa and the rest of the world in the past decade.

And you who had and continue to play key roles in my spiritual, professional and academic growth over the past 15 years.

“In my father’s eyes, how a person treated the most trivial and inconsequential of actions would have a lot to do with how they approached the big events in life.” AND “I have found out that in life, there will be moments that will profoundly amaze us if our eyes and hearts remain open, and we walk humbly.” — Agya Koo Nimo (Six Strings and a Note, p.28 and p.208 respectively)

Mum, I know you’re still kneeling in prayer for me. I am sad at this moment; not knowing how to leave you behind with your health condition, suffering from hypoglycemia, among other health conditions you’ve been battling with in secret.

Dad, I am happy I have been able to reconcile with you after many years. Your values (insisting on humility, hardwork, service to others) and personality as disciplinarian has finally paid off!

Along the hard times, I was welcomed in many homes by friends parents (many fathers and mothers, heroes and heroines); I know you will continue to check on me. Special gratitude to my lovely stepmother.

Family, friends, crushes and love ones here, I know you will continue to show your support and love.
Ubuntu. “I am, because you are; and since we are therefore I am.” (John Mbiti, Kenyan-born Christian philosopher and writer)

I believe God, and that makes the difference.
Simon K. Charwey

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8 Tips On How To Build A Winning Poker Hand

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Poker is all about getting the best hand that you can. This is easier said than done, as you are up against other players trying to achieve the same goal. Plus, the hand that you’re dealt with may not be a lucky one.

At the same time, just because it’s not easy doesn’t mean it’s impossible. To help you out, here are some essential tips that can help you increase your chances of success in getting the best possible poker hand. Once you’re done, check out GGPoker, which is a great place to find poker competition.

1) Study the different types of poker hands

There are many different hand rankings in poker, so it’s essential to understand which hands are strong and which are weak. You’ll have to remember, as you won’t be allowed to look things up while playing. And even if you play online where your opponents won’t see what you do, you simply won’t have the time to look at your poker hand cheat sheet, so it’s better to have it on your brain than on a screen.

2) Know the poker hand odds

Poker is a game of probabilities, so it’s essential to know the likelihood of making certain hands. For example, if you’re dealt two suited cards, there’s about a 1 in 4 chance you’ll make a flush (a hand consisting of all five cards of the same suit). And if you’re dealt a pocket pair (two cards of the same rank), there’s about a 1 in 8.5 chance you’ll make three of a kind. Knowing these odds can help you decide better which hands to play and how to bet.

3) Don’t be afraid to fold

One of the biggest mistakes novice poker players make is playing too many hands. They think that since they’ve already invested money in the pot, they might as well stay in and see what happens. But sometimes, the best decision is to simply fold your hand and save your poker chips for a better opportunity.

4) Play your poker opponents

Poker is as much a game of people as it is of cards. Pay attention to your opponents’ betting and try to read their hands. If you can get a sense of what they’re holding, you’ll be better positioned to make the right decision about your hand.

5) Know when to bluff

Bluffing can be a great way to win a hand, but you have to be careful not to overdo it. If you’re constantly bluffing, your opponents will catch on and start calling your bluffs, which will cost you money in the long run. So use this tactic sparingly and only when you’re confident you can pull it off.

6) Be patient

Poker is a game of patience. The best players are often the ones who can wait for the right opportunity to make their move. If you’re always trying to do something, you’re more likely to make a mistake. So take your time, be patient, and don’t force anything.

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7) Play your position

In poker, position is everything. The player who acts first is disadvantaged, as they have less information about their opponents’ hands. So if you’re in an early position (the first few players to act), you should only play strong hands. But if you’re in a late position (near the button), you can be more aggressive, as you have a better idea of what everyone else has.

8) Be aggressive

In poker, aggression is key. The best way to improve your chances of winning is to bet and raise, putting pressure on your opponents and forcing them to make decisions. You will not win many pots if you’re constantly checking and calling.

9) Know when to quit

Poker is a game of patience, so it’s essential to know when to fold and when to keep playing. If you’re consistently losing money, it might be time to take a break. There’s no shame in walking away from a losing session. The key is not letting your ego get in the way and making you keep playing just to prove that you’re a winner.

8) Have fun

Last but not least, remember to enjoy yourself. It’s hard to think clearly and win when you’re upset or stressed. So if you’re not having fun, take a break and come back when ready to play, enjoy yourself, and finally, be prepared to win.

Play your cards right, get the best poker hands

The key to getting the best poker hand is knowing when to fold, when to bluff, and when to be aggressive. Pay attention to your opponents and try to read their hands. Be patient and don’t force anything. And finally, have fun! With these tips, you’ll be on your way to becoming a poker champion.

 

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Building the biggest African supply store in the US – Margaret Andega’s inspiring business journey

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Margaret Andega

Margaret Andega, a Kenyan entrepreneur, went to the United States as a high school graduate in the late 90s and currently owns the biggest African supply store in the USA. (more…)

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General Rules to Prove Fault in Personal Injury Accidents

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Personal Injury Accidents

One of the most critical questions in every personal injury case is who is at fault. Determining legal responsibility also known as liability can be complicated. It all comes down to whether someone was negligent when the accident happened.

It is simple to state that the individual or company that caused the accident must compensate you for your injuries. But before that, you have to understand the general rules to prove who is at fault in personal injury accidents. This article will help you find out more about proving fault in a personal injury case.

 

Identifying Legal Liability

The basic rule for all accidents that lead to personal injuries is that the less careful person in an accident must at least pay a part of the damages to the person who was more careful. Legal liability is therefore based on the rule of carelessness.

Read Also: Why Should You Hire a Lawyer if You Are Involved in a DWI Accident?

Some of the Other Rules that Prove Who is at Fault Include:

  • If the victim was at a place where they were not supposed to be when the accident happened the individual who caused the accident may not be held accountable. This is also the case if the victim is aware that they may be injured by a certain activity that was occurring there. The rule is there because the individual who caused the accident has no duty to the victim and therefore cannot be at fault.
  • For a person to be at fault there must be a duty of care that exists between the two parties.

 

  • If an accident happens on a site that is dangerous owing to poor construction or maintenance, the owner of the property is responsible for not maintaining the property. They are therefore to blame for any personal injury that may occur.

 

  • If a careless employee causes an accident while working for someone else the employer may be held legally liable.

 

  • In case the injured person was also negligent his or her compensation may be reduced to the amount of negligence contributed to the accident. In some states, however, the injured person cannot recover anything if their carelessness was more than 50%. And in a few tight-fisted states if your carelessness contributed in any way to the accident you don’t receive any compensation.

 

  • In case a victim is injured by by-products of a certain company the seller or manufacturer of the product may be held liable if the product was defective.

 

  • If there is more than one party responsible for an accident, all parties are responsible for compensating you fully for your personal injuries. This happens if you are able to prove that all the parties were responsible. The main advantage of collecting from many parties is that you can choose who to collect the damages from and then after you are paid, they can sort it amongst themselves.

 

Different states apply different rules but these are some of the general rules if you want to prove fault in a personal injury case. In case you are involved in an accident and you suffer some personal injuries you should hire a personal injury lawyer to help you seek compensation for your injuries.

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Things People should know about Women using Steroids

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Women using Steroids

Steroids have a bad rep. But if you are a woman, you have probably heard all about the evils of steroids from friends and family members. You may wonder if steroids are as bad for women as everyone says they are. That’s why we’re here to explain the facts about women’s steroids. These are as follow:

We are not men.

Women are not guys, which is the first thing to keep in mind when discussing steroid use with females. In fact, we are very different from men—we have more estrogen and less testosterone than our male counterparts, which means that our bodies respond differently (and sometimes even opposite) regarding steroid use.

That said, I think it’s essential for everyone who takes anabolic steroids regularly (or even just occasionally) to get regular breast cancer screenings regardless of your gender or whether or not you take any form(s) of hormone therapy at all; this way if something does occur early on then doctors can catch it before it becomes too severe!

A little goes a long way.

“Steroids aren’t a magic pill,” says Michael McCann, a sports law professor at the University of New Hampshire and author of the book “Sports Law: Cases and Materials.” “They can be dangerous, especially if you don’t know what you’re doing.”

Many people think steroids are an easy way to get big, fast. But if you’re using them right—and if your genetics allow it—steroids can give you more muscle mass than ever in months (not years). That’s because they increase your body’s testosterone production, which helps with strength training.

Read Also: Hollywood Stars Who Definitely and Probably Used Steroids

Women have more sensitivity to anabolic steroids than men.

The issue is that women have less testosterone than men, but they make up for it with estrogen. The problem is that the ratio of estrogen to testosterone in women’s bodies is not the same as in men.

Men have a much higher testosterone level than estrogen, so their bodies can handle large amounts of steroid abuse before any adverse side effects appear. On the other hand, women have a much lower testosterone level than estrogen, making them more sensitive to anabolic steroids than their male counterparts.

Now that you know what steroids are let’s discuss some side effects.

Here’s the lowdown:

  • Hormone imbalance can cause mood disturbances and aggression. If you experience sudden mood swings, this could be a sign of hormone imbalance caused by steroids.
  • Acne and hair loss are common side effects of steroid use—it may take up to two years for normal testosterone levels to return after stopping steroid abuse!
  • Steroids can also cause breast cancer if taken at high doses over an extended period (we recommend avoiding them altogether).
  • Liver damage is another primary concern with long-term steroid users; breast cancer isn’t their only worry regarding health concerns around these drugs—liver damage is another primary concern with long-term steroid users!

Women need to be careful with steroids.

Now that we’re on steroids let’s talk about how women should handle them.

Women are more susceptible to suffering from side effects than men because their bodies have less of the enzymes needed to break down steroids. They can also experience mood disturbances and aggression while taking them, which isn’t fun for anyone (especially you). The hormones in your body may be thrown out of whack if you take too much or start taking them at a young age (like most people who do).

Want to learn more about steroids?

There is a lot of information online to help those who want to learn how to improve their physical health. To learn more about this product, check out SF Weekly’s 4 Best Steroids for Women In 2022 – Top Legal Steroids for Sale.

The Bottom Line

Women need to take special precautions when using steroids. They are different from men and have a higher risk of developing severe side effects from their use. Before choosing whether or not to use them, you should gather as much information as possible, consult with your doctor, and give it some serious consideration.

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