Health Insurance Market Size, Investment Feasibility and Industry Growth Rate Forecast 2019 – 2023

PUNE, INDIA, December 12, 2019 /EINPresswire.com/ —

WiseGuyReports.Com Publish a New Market Research Report On –“ Health Insurance Market Size, Investment Feasibility and Industry Growth Rate Forecast 2019 – 2023”.

Health Insurance Market 2019

Description: –

The health insurance industry in India is witnessing increase in the penetration for number of people covered under health insurance plans. Encouraged by the rapid adoption of digitization, insurance regulatory body – IRDAI, introduced the e-commerce exposure draft in June 2016 for the allowance of buying and selling of insurance policies through online portals. As a result of which e-platform such as PolicyBazaar.com, easyinsuranceindia.com kindled the industry by enlisting all the aspects of the health insurance plans and allowing consumers to compare, understand and apply for the health coverage online. As India is the second largest populated country with the population of around 1.3 Billion, it cites a huge opportunity for health insurance players to tap the increasing demand of the health insurance in the country.

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The report presents the market outlook for the Health Insurance product from the year 2019 to the year 2025. The report provides a definition of the product. It also describes the uses of the Health Insurance product. It also paints a picture of the evolution of the product and how it came to its current form. It lists and explainsftheke the factors that led to the evolution of the product. The report then delves into the application of the product. The product may be used in various ways. The demand from each section and the concerns of these sections play a role in the Health Insurance market. It also considers how the needs of each section have impacted the Health Insurance market.

The report identifies the challenges faced by the Health Insurance market at present. The key players can utilize the information provided to work towards finding solutions to these challenges. The ones that succeed will gain a huge advantage in terms of market share and revenue. The report also identifies the market trend for the period 2019 to 2025. It uses this information along with other factors affecting the market to predict future sales, revenue, production, and market share. Key players can utilize this knowledge to align their business strategies to exploit the trend and make maximum profit.

Segmentation

Segmentation of the market is crucial for gaining valuable insights. The criteria for segmentation are manufacturers, types of the product, and application. The revenue, market share, gross margin, product specifications, and areas served by each manufacturer is analyzed and tabulated. The data helps the manufacturers identify their competitors in each region and align their marketing and business strategy in a manner that offers them an advantage over the competitors.

The market share and revenue of different types of the product and for different applications are also analyzed. This can help in identifying the product types that need more attention. It also points to the applications that the manufacturers should concentrate on more.

Regional Analysis

The demands of each region vary from others due to the unique factors impacting that region. The key players should understand and recognize the differences between regions and use them to their advantage. Understanding the needs of each region is also vital to ensure that the products are relevant to the region and that the pricing is competitive. The import and export conditions of a region, the average income, the need for the product in the region, and the presence of other manufacturers are some of the points to consider.

Industry News

The section gives a brief overview of the changes in the industry. It mentions the takeovers and mergers that are changing the landscape of the market for Health Insurance product. It also looks at the latest innovations that have the potential to change the present market.

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Table of Contents – Major Key Points

1. Analyst View
2. Healthcare Demographics
3. Indian Insurance Industry – Introduction
4. Indian Health Insurance Industry Segmentation
5. Indian Health Insurance Scheme
6. Health Insurance Analysis by Region & State
7. Health Insurers by Sector
8. Market Trends and Drivers

Continued….

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Source: EIN Presswire

Travel Revenue Management System Market 2019 Global Trend, Segmentation and Opportunities, Forecast 2025

WiseGuyReports.com adds “Global Travel Revenue Management System Market Size, Status and Forecast 2019-2025” reports to its database.

PUNE, MAHARASTRA, INDIA, December 12, 2019 /EINPresswire.com/ — Travel Revenue Management System Market:

Executive Summary

Travel revenue management system leverages next-gen analytical tools for enhancing the productivity of an organization related to the travel industry. The market for travel revenue management system has been studied in this analysis on the global front. It unfolds that the global market poses attractive growth opportunities and is poised to register a steady but constant growth rate over the next couple of years. It further unravels that the market for travel revenue management system is anticipated to make huge profits in the years to come. The factors that exhibit potential to affect the growth trajectory of the market are assessed in this report along with the magnitude of their impact in the near future.

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The tourism industry is making huge gains in recent times. This, in turn, is projected to motivate the adoption of travel revenue management system in the coming years. The key players are focusing on the development of systems that facilitates the assessment of changing consumer behavior on micro-levels. This helps in strategizing the growth planning of the organization. It is anticipated to drive the growth of the travel revenue management system in the upcoming years. In addition, the system also helps in making decisions and responding to changing market dynamics. These factors are projected to support the expansion of the travel revenue management system market in the foreseeable future.

The integration of advanced technologies for the development of products that provide accurate results is poised to build the foundation for the growth of the market in the nearby future. Also, new players are anticipated to enter the travel revenue management system market owing to the rising demand for technologically advanced products. All these factors are expected to work in favor of the market. However, lack of awareness in certain regions can check expansion of the travel revenue management system market in the foreseeable future.

Market Segmentation:

On the basis of type, the travel revenue management system market has been segmented into on-premise and cloud.

On the basis of application, the travel revenue management system market has been segmented into ferries, airlines, rail, and others.

Regional Analysis:

A study of the global travel revenue management system market on the basis of region is also included in this report. It covers the following segments based on regions and countries – North America, Europe, China, Japan, Southeast Asia, India, and Central & South America. Valuation is also provided for these segments along with qualitative analysis for the deliverance of an actionable insight into the travel revenue management system market. North America has already demonstrated a healthy growth pattern. The penchant for advancing technologies observes in the region is expected to lead the augmentation of the market in the region. Also, the rising investments in tourism industry are poised to resonate growth potential.

Industry News:

In November 2019, iCargo platform by IBS Software has announced the launch of its revenue management system to boost Cargo profitability at Korean Air.

Continuous…

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Source: EIN Presswire

Luxury Fashion Market 2019 Global Trend, Segmentation And Opportunities Forecast To 2025

The extensive review of the Luxury Fashion market will help players make crucial decisions

PUNE, MAHARASHTRA, INDIA, December 12, 2019 /EINPresswire.com/ — Luxury Fashion Industry

Description

A luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", where demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and Veblen goods.

The three dominant trends in the global luxury goods market are globalization, consolidation, and diversification. Consolidation involves the growth of big companies and ownership of brands across many segments of luxury products. Examples include LVMH, Richemont, and Kering, which dominate the market in areas ranging from luxury drinks to fashion and cosmetics.

This report focuses on Luxury Fashion volume and value at global level, regional level and company level. From a global perspective, this report represents overall Luxury Fashion market size by analyzing historical data and future prospect.

For each manufacturer covered, this report analyzes their Luxury Fashion manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers are covered:

Louis Vuitton
Hermès
Gucci
Chanel
Rolex
Cartier
Prada
Burberry
Michael Kors
Tiffany
Zara
Dolce & Gabbana

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Market Segmentation

One of the goals is to make the data comprehensive while ensuring maximum readability. The best way to achieve this target is to segment the information, depending on several factors. Region, distribution channel, product type and application are the common categorizations in this report. When it comes to distribution channel, it talks about the supply methods businesses use, to meet the demands of the Luxury Fashion market. Under application, the report focuses on which consumers form the customer base. The different variants of the product/service fall under the product type category.

Segment by Type

by Type
Clothing
Footwear
Accessories

by Distribution Channel
Monobrand Stores
Department Stores
Specialty Stores
Multi Brand Boutiques
E-Commerce
Airport

Segment by Application
Male
Female
Children

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Table of Contents

Executive Summary

2 Manufacturing Cost Structure Analysis

8 Luxury Fashion Major Manufacturers Analysis
8.1 Louis Vuitton
8.1.1 Louis Vuitton Luxury Fashion Production Sites and Area Served
8.1.2 Louis Vuitton Product Introduction, Application and Specification
8.1.3 Louis Vuitton Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 Hermès
8.2.1 Hermès Luxury Fashion Production Sites and Area Served
8.2.2 Hermès Product Introduction, Application and Specification
8.2.3 Hermès Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
8.3 Gucci
8.3.1 Gucci Luxury Fashion Production Sites and Area Served
8.3.2 Gucci Product Introduction, Application and Specification
8.3.3 Gucci Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.3.4 Main Business and Markets Served
8.4 Chanel
8.4.1 Chanel Luxury Fashion Production Sites and Area Served
8.4.2 Chanel Product Introduction, Application and Specification
8.4.3 Chanel Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.4.4 Main Business and Markets Served
8.5 Rolex
8.5.1 Rolex Luxury Fashion Production Sites and Area Served
8.5.2 Rolex Product Introduction, Application and Specification
8.5.3 Rolex Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.5.4 Main Business and Markets Served
8.6 Cartier
8.6.1 Cartier Luxury Fashion Production Sites and Area Served
8.6.2 Cartier Product Introduction, Application and Specification
8.6.3 Cartier Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.6.4 Main Business and Markets Served
8.7 Prada
8.7.1 Prada Luxury Fashion Production Sites and Area Served
8.7.2 Prada Product Introduction, Application and Specification
8.7.3 Prada Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.7.4 Main Business and Markets Served
8.8 Burberry
8.8.1 Burberry Luxury Fashion Production Sites and Area Served
8.8.2 Burberry Product Introduction, Application and Specification
8.8.3 Burberry Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.8.4 Main Business and Markets Served
8.9 Michael Kors
8.9.1 Michael Kors Luxury Fashion Production Sites and Area Served
8.9.2 Michael Kors Product Introduction, Application and Specification
8.9.3 Michael Kors Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.9.4 Main Business and Markets Served
8.10 Tiffany
8.10.1 Tiffany Luxury Fashion Production Sites and Area Served
8.10.2 Tiffany Product Introduction, Application and Specification
8.10.3 Tiffany Luxury Fashion Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.10.4 Main Business and Markets Served
8.11 Zara
8.12 Dolce & Gabbana

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Source: EIN Presswire

Distribution of GynTect® may reduce uncertainty about cervical cancer in the family planning phase

Survey by clinicians and Oncgnostics quantifies significant psychological distress by repetitive diagnostic cycles in cervical cancer follow-up testing.

This survey is the first of its kind to investigate the psychological distress during repetitive diagnostic cycles from patients with abnormal Pap and HPV findings, showing unmet clinical needs”

— Martina Schmitz, SCO, Oncgnostics

JENA, GERMANY, December 12, 2019 /EINPresswire.com/ — Oncgnostics GmbH, a Jena/Germany based company, has developed GynTect® for precision detection of cervical cancer. GynTect® was tested and validated in clinical trials on more than 3,000 samples with a remarkable detection score of 100% in all cervical cancer cases. Moreover, GynTect® identifies all relevant pre-cancerous lesions due to its first-of-a-kind prognostic value.

3.753 participants with a mean age of 31.8 years have been included in the study. More of half of the women had been affected for more than one year with suspicious Pap smear and HPV results. More than two out of three women stated to be afraid of developing or being diagnosed with cervical cancer, and 49% even expressed the fact that they were anxious about dying. Half stated that the risk of conizations as well as the risk of preterm birth is important to them and impacting their life clearly and severely, respectively.

The results of the study have been presented at EUROGIN 2019. A publication paper of the results is currently in the scientific review process with Prof. Dr. Peter Hillemanns, professor at Hannover Medical School and key opinion leader for cervical cancer screening, as the corresponding author.

“This survey is the first of its kind to investigate the psychological distress during repetitive diagnostic cycles from patients with abnormal Pap and HPV findings, highlighting high unmet clinical needs of the patients”, states Dr. Martina Schmitz, Oncgnostics Chief Scientific Officer. “GynTect® is giving concerned patients and their clinicians an immediate answer if suspicious lesions are at risk of developing cancer or spontaneous healing without the need for surgical intervention is prognosed”.

“GynTect® can be a very attractive portfolio expansion for diagnostic and medical companies in women’s health, especially for companies specializing on fertility and pregnancy segments with products such as non-invasive prenatal testing (NIPT). We are interested in such discussing opportunities at JP Morgan 2020” pointed out Dr. Peter Haug, Head of Business Development & Licensing.

Oncgnostics technology has been exclusively licensed out in 2017 to Sinopharm Group for the greater China region. Biotech Alliances International Inc., a Silicon Valley-based healthcare-focused investment bank, is serving as the lead investment banker to Oncgnostics globalization and partnering strategy. Meetings with Oncgnostics Management can be arranged during JP Morgan Conference 2020.

About Oncgnostics

Oncgnostics GmbH, founded in early 2012 as a spin-off from the Jena University women’s hospital, is a molecular diagnostics company specializing in cancer diagnostics. Oncgnostics tests target epigenetic changes, so-called DNA methylations, that typically occur in cancer cells. The patented biomarkers, which are evaluated using a specific algorithm, are the core of the products and provide the basis for the company’s activities.

About Biotech Alliances International

Biotech Alliances International Inc. is a San Francisco-based investment bank serving life sciences companies, private equity, and venture capital funds. It provides independent financial and strategic advice including corporate finance, mergers & acquisitions, partnering & licensing, deal sourcing and strategic consulting.

Dr. Franck Brinkhaus
Biotech Alliances International INC
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Source: EIN Presswire

Rong360 Jianpu Technology Inc. (NYSE:JT) Travel Survey: 96% of Chinese People Spend More on Food, Lodging and Traffic.

Rong360 Jianpu Technology (NYSE:JT)

Rong360 Jianpu Technology Inc. (NYSE:JT) Travel Survey 3-1

Jianpu Technology (NYSE:JT)

BEIJING, CHINA, December 11, 2019 /EINPresswire.com/ — Rong360 Jianpu Technology Inc. (NYSE:JT) recently conducted an in-depth survey on Chinese tourism consumption behavior. The survey found out that 96% of Chinese people spend more on food, lodging and traffic.

Rong360 Jianpu Technology Inc. (NYSE:JT) survey found that different income levels in travel consumption presents different characteristics through the investigation of different income groups.

The data shows that the total expenditure on basic travel (transportation, food and beverage, accommodation and sightseeing) for the consumer group with monthly after-tax income of less than 30,000 RMB in the most recent trip is not much different And income of more than 30,000 RMB consumer groups, almost all people think in shopping the highest consumption, the proportion of this group reached 100%.

Among those earning between 10,000 and 15,000 a month after tax, 45.54 percent spent the most on accommodation, followed by transportation, accounting for 21.82 percent. Of those earning between 15,000 and 30,000 a month after taxes, 40 percent said they spent the most on transportation, followed by accommodation, a feature similar to those earning between 5,000 and 10,000 a month after taxes.

In addition to the monthly income of more than 30,000 RMB, other income groups in the course of travel expenses are accommodation, transportation, catering and other basic items of expenditure accounted for the highest proportion.

Ms. Yang, who earns about 8,000 RMB a month after taxes and works in Shanghai with her husband, accompanied her parents from her hometown on a short trip around Jiangsu, Zhejiang and Shanghai during the National Day holiday. Under the influence of the holiday season, Suzhou, Hangzhou and other places during the National Day hotel reservation rate and prices have great fluctuations.

Take an economic hotel chain in Hangzhou as an example. The normal standard room rate of 199 / night before the holiday has risen to 299 / night during the National Day. The price has almost doubled by half.

Out of consideration of cost, Miss Yang family chose to drive self-driving tour, do not live, same day return. "During the long vacation, hotels are too expensive, so the cost of playing is not high, and the money is mainly spent on accommodation, we chose to drive on the same day and return. Fortunately, the distance is not far, and driving is very convenient", Ms. Yang said.

Di Wang
Jianpu Technology
+8613801467518
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Source: EIN Presswire

ZB.com Goes Global with Flurry of Activities in the UAE

AMERICA, December 12, 2019 /EINPresswire.com/ — The ZB platform continues to expand internationally this week with more face to face engagements in markets outside of Asia. This week, ZB.com is busy in the United Arab Emirates which is a nation that has embraced blockchain technology in a big way.

During the visit, ZB leadership is working closely with representatives in the business hub Dubai. The local smart city program is developing with the goal of creating the “happiest city on Earth”. To achieve success, Dubai is working with partners who are experts in blockchain, IoT, and AI solutions.

ZB’s international campaign to deliver the future’s digital economy is well aligned with these efforts. Visit https://www.smartdubai.ae/ to learn more about Dubai’s program.

About ZB.com
ZB.com is the flagship exchange of ZB Group and one of the world's longest running and most trusted digital asset trading platforms. Established in 2013, ZB customers have enjoyed over six years of secure trading. The exchange proudly applies the industry’s strictest listing standards to deliver a highly curated user experience. Less than 100 projects have ever listed ZB.com. This is balanced with efforts to be first listing the absolute most innovative projects. For example, ZB was the first in Asia to list ETH and EOS, and strives to continue this tradition of excellence. All the tools a sophisticated trader expects including margin trading, OTC, crypto loans and more are available on the platform. ZB.com is your home for asset security, deep liquidity, and opportunity.

Visit www.ZB.com to get started.

Jesse Johnson
ZB.com
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Source: EIN Presswire

Peter J. Burns III Is Singled Out as Entrepreneurship Expert on National Radio

Peter J. Burns III

Peter J. Burns III

Peter J. Burns III, founder of Burns Funding, was interviewed in early December on one of iHeart Radio’s highly respected syndicated radio shows.

I am what one might call a serial start-up entrepreneur. That means I like to come up with the concept, put it into business form and see if I can sell it to somebody. This is how it evolves for me.”

— Peter J. Burns III

LA JOLLA, CALIFORNIA, UNITED STATES, December 11, 2019 /EINPresswire.com/ — Peter J. Burns III, founder of Burns Funding – a provider of alternative funding resources, was interviewed in early December on one of iHeart Radio’s highly respected syndicated radio shows, where he discussed his prolific career as a serial startup entrepreneur.
Burns, who has started more than 150 businesses in his many decades as an entrepreneur, told Jack Heath, a radio talk show host on iHeart Radio's "Movers and Shakers Show," about his journey as an entrepreneur, beginning when he was seven years of age right up through his latest venture centering on the development of group homes for the elderly. The interview can be heard here: https://www.youtube.com/watch?v=JcZj3bt74z4&feature=youtu.be
Dr. Deborah Osgood, the co-host of the show, noted how Burns has demonstrated the ability to “recognize a need and solve a problem.” Burns went on to elaborate that he is what he likes to call “a serial start-up entrepreneur.
“That means I like to come up with the concept, put it into business form and see if I can sell it to somebody. This is how it evolves for me.
“It is also sort of like your radio show, where you start on a track and make adjustments along the way. It is like that with a business, where you make modifications and adjustments, too. You may well find that the business concept has changed dramatically from the original concept. Its really about the process, or what I like to call, baking the entrepreneurial cake. You have to have all the ingredients in the correct proportions to make it work.”
Burns went on to add that he is “like the puzzle master. I can see the end game, before there even is a game. I can see the trends. Several decades ago, I brought mopeds to the U.S., which was the forerunner to eScooters. Twelve years ago, I introduced co-working space for entrepreneurs in Phoenix. Had I stayed with either one of those, I might have a couple Unicorns on my hands. But that’s not what I do.”
At least not until now. Today, Burns has added the people and infrastructure around his entrepreneurial engine in hopes of staying with the great ideas a bit longer to maximize his return. “That way, I can have the best of both worlds, maintaining the ultimate business model, while continuing to identify new verticals in that business.”
About Burns Funding
Burns Funding is an emerging aggregator of non-traditional tools for securing growth capital. Four of those tools, in particular, stand out.
First, Burns Funding has institutionalized the bridge funding process to help clients reduce credit card debt and obtain a higher credit score. This allows Burns Funding clients to secure more capital at remarkably low interest rates, in some cases as low as zero percent for an introductory period of 12-21 months.
Second, Burns Funding has pioneered the use of Cost Segregation to allow commercial real estate owners to generate capital (in the form of tax savings) based on a little-known IRS allowance. A cost segregation study identifies aspects of a property that can be placed on accelerated depreciation life cycles, typically resulting in huge tax savings for eligible property owners.
Third, Burns Funding offers a market in shelf corporations, which are business entities that are no longer being used because their assets have been sold, typically through acquisition. However, these corporations are still viable because they have exemplary credit records. While these entities typically range in cost from $5,000 to $10,000, their clean record can help clients secure lines of credit for growth.
Fourth, Burns Funding offers a blanket loan program, where through its prodigious lender network it can help entrepreneurs and investors consolidate many smaller loans into one blanket loan, typically at a lower interest rate, with considerably less maintenance. There are also cash-out opportunities with these loans, providing access to growth capital.

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COST SEGREGATION STUDIES


Source: EIN Presswire

Darcy Bergen’s Simple Retirement Budgeting Guide

PEORIA, ARIZONA, UNITED STATES, December 11, 2019 /EINPresswire.com/ — Darcy Bergen is the owner of Bergen Financial Group and has experience working with clients who have various financial concerns. He has over two decades of experience as a financial planner helping his clients plan for retirement and other financial needs. When it comes to retirement, many of his clients come to him with very little knowledge of how to prepare for retirement. His clients receive one on one advice tailored for their needs, but it’s a passion of his to provide guidance for everyone. Darcy Bergen offers a quick guide to reference when creating a retirement budget.

Healthcare
According to Darcy Bergen, when budgeting for retirement, individuals need to keep in mind that their healthcare needs will change. The medical care people need a few years into retirement is not the same as they need in the first couple of years. Although eventually retired individuals will get coverage under Medicare and other supplemental insurance, their premiums or out of pocket will increase. They must make a budge to cover all of these expenses.

Cost of Living
Many retired individuals have the fortune of having a home that is paid for. However, Darcy Bergen mentions that not everyone is this lucky. Those individuals who have to pay for a mortgage or rent need to keep in mind housing possible housing expenses when planning for retirement. Even if their house is paid for, retired individuals still need to make a budget for unexpected and standard repairs.

Transportation
During retirement, most people cut down their transportation expenses to a minimum since they no longer need to pay for daily commuting costs. However, this doesn’t mean transportation costs will cut down to zero. Those people who plan to keep their vehicles still need to keep maintenance costs in mind.

Food
Darcy Bergen mentions that although many retirees cut back on their social life and don’t eat out as much, other individuals do enjoy the freedom of having more time to eat out. Whatever their preference is, people budgeting for retirement need to keep food expenses in mind. Also, their overall health will determine how much they will have to spend on food. Those dealing with health issues could end up spending more money on special meals to accommodate possible food sensitivities.

Travel
Although many retirees dream of traveling the world during their golden years, not all of them have the opportunity to do it. Those individuals who plan on traveling during retirement need to decide what the extent of their travel will be. Budgeting and setting realistic travel expectations will set them up for a prosperous retirement, according to Darcy Bergen.

For more of Darcy Bergen’s financial tips on life insurance and other concerns, check out the rest of his blog https://darcybergen.xyz/posts/.

Caroline Hunter
Web Presence, LLC
+1 7862338220
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Source: EIN Presswire

GoodLife Home Loans Helps Seniors Improve Cash Flow in 4 Steps

Reviewing Reverse Mortgage

Reviewing Reverse Mortgage

Many retirees struggle to cover expenses during retirement. Goodlife offers home equity conversion mortgages that allow seniors to access equity in their homes.

LAGUNA HILLS, CA, USA, December 11, 2019 /EINPresswire.com/ — Many retirees struggle to cover all of their expenses during retirement. Goodlife Home Loans (“GoodLife”) offers home equity conversion mortgages (HECM Reverse Mortgages) that allow seniors to access the equity in their homes for an additional source of retirement funding.

Building substantial retirement savings is an essential part of financial planning. Unfortunately, many Americans have fallen behind in their ability to plan ahead for retirement. A survey by Nationwide Bank found that the average retirement savings for a retired older adult is just over $95,000 – well short of the often-recommended $1-1.5 million. This is why many retirees turn to alternative sources of funding when looking to supplement retirement expenses.

GoodLife Home Loans offers a reverse mortgage solution for eligible seniors who have substantial equity in their homes and are looking for ways to supplement their retirement income. A home equity conversion mortgage (HECM), often referred to as a reverse mortgage loan, is a way for retirees to access the equity in their homes while still continuing to live in the home. This type of loan may benefit seniors who wish to age in place rather than a costly retirement facility. GoodLife outlines the 4 Step Reverse Mortgage process retirees can follow for loan approval, summarized below.

1. Start with education
The first step to take when considering a reverse mortgage is to learn more about the topic. You can speak with a GoodLife expert who will help you assess whether you are eligible for a HECM loan. You can also read more about reverse mortgages and other aspects of the senior experience on GoodLife’s website.

2. Meet with an approved counselor
The FHA requires that all reverse mortgage applicants meet with a counselor who has been approved by the Department of Housing and Urban Development (HUD). During this meeting, seniors learn more details about the HECM program as well as how the loan may affect their heirs and revenue streams. They will also walk seniors through loan options that could help supplement retirement income if a HECM does not fit their specific situation.

3. Home appraisal and application
For your convenience, GoodLife offers an online calculator that can be filled out on their website. After filling out the calculator, seniors who meet the qualifications are contacted by a representative who will walk them through their options. An independent appraiser visits the retiree’s home to assess its value. This helps determine the size of the loan they may be eligible to receive.

4. Underwriting and Funding
GoodLife must confirm that the senior is the legal owner of the home. Any outstanding debts or liens related to the home are also assessed during this period and paid off with the proceeds. Once all aspects of the loan have been approved by GoodLife, retirees are permitted to close the loan and access their equity in any manner that makes sense for them. The senior tells GoodLife how they want to access their proceeds – either monthly, or in a lump sum, or a combination of the two.

Although relatively few seniors have saved enough to maintain their standard of living in retirement, many seniors do have substantial equity in their homes. The problem is how can a senior access this equity. That’s where lenders like GoodLife step in. A HECM loan can be a viable way for seniors to access some (not all) of their equity and use it to live a more comfortable retirement. For over 1 Million homeowners (since 1988), the reverse mortgage has helped seniors to live a happier retirement, with less stress.

About the Company

GoodLife Home Loans is a certified lender specializing in Reverse Mortgages and HECM loans. They help eligible seniors access a portion of equity in their homes so they can continue to live The GoodLife in Retirement. By improving their retirement cash flow with a reverse mortgage, seniors may be able to pay for day-to-day expenses that might otherwise be out of reach. You can visit them at GoodLifeHomeLoans.com to learn more.

GoodLife
GoodLife Home Loans
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Source: EIN Presswire

FHA Announces 4 New Rules for Reverse Mortgages on Condos

Reverse Mortgage Condominium Changes

Reverse Mortgage Condominium Changes

Goodlife Home Loans can now offer its reverse mortgage loan services to owners of condominiums after changes to Federal Housing Administration guidelines.

LAGUNA HILLS, CA, USA, December 11, 2019 /EINPresswire.com/ — Goodlife Home Loans (“GoodLife”), announces it can now offer its reverse mortgage loan services to owners of more types of condominiums after recent changes to Federal Housing Administration (FHA) guidelines.

A home equity conversion mortgage (HECM), often referred to as a reverse mortgage, can be difficult to obtain on condominiums. Historically, this product was geared toward eligible property owners of single-family detached homes. In fact, only 6.5% of condominium projects are approved by FHA, according to GoodLife Home Loans.

However, recent changes from the FHA have made it easier than ever for seniors to access a reverse mortgage. The FHA, which is overseen by the US Department of Housing and Urban Development (HUD), introduced new changes in October, 2019, that will significantly increase the number of condo units that can be approved for reverse mortgage loans. The policy went into effect on October 15, 2019.

Goodlife, a well-known reverse mortgage provider, has recently released a guide to FHA changes, detailing the conditions that would-be loan applicants must satisfy in order to benefit from reverse mortgage proceeds. They report four (4) big changes that will have the greatest effect in expanding the pool of applicants who qualify, listed below.

1. Single unit approvals
Previously, an entire condominium project had to be FHA-approved in order for an owner of an individual unit to apply for a HECM loan. With the new regulation, the entire complex no longer needs to be FHA-approved. A “single unit” can now be eligible. However new rules also apply: the condo project must be completed and no more than 10% of units can be FHA-insured in complexes with more than 10 units (or no more than two FHA-insured units in complexes with few than 10). Still, these restrictions are less stringent than they were before.

2. Multi-use complex rule change
Multi-use complexes are a combination of residential and commercial spaces. The new FHA guidelines specify that non-residential space must be limited to 35% or less of the complex’s floor area. Previous regulations capped the percentage of non-residential floor area multi-use complexes could have at a much lower level. These “mixed use” types of properties are now more likely to be eligible for a reverse mortgage.

3. Owner occupancy ratio decrease
The past regulations, which were put in place after the 2008 financial crash, specified that 80% or more of the units in a condo complex must be owner-occupied in order for an individual condo to qualify for a HECM loan. Now, only 50% of units must be occupied by owners – and in some cases this rate can be as low as 35%. This means more people can qualify for a reverse mortgage even if the condo is not approved by FHA.

4. Insurance maximum increase
The last major change to FHA guidelines on HECM loans is an increase in the number of units it will insure in approved condo complexes. That number is now 50%. In addition to this change, recertification on condos has been changed to be once every three years – a one-year increase from the previous requirement. The whole purpose of these 4 positive changes is to help condo owners qualify for a reverse mortgage even if FHA did not approve the entire condo complex.

GoodLife has updated their own eligibility requirements for reverse mortgage applicants to match these newly expanded rules. This is good news for seniors who live in condominiums and are considering ways to supplement their retirement income.

About the Company

GoodLife Home loans is a certified Reverse Mortgage HECM lender that provides retirement solutions for retirees. They help eligible seniors tap into a portion of their home equity and convert it into loan proceeds in the form of cash, a line of credit, or monthly payments. These funds can be applied to retirement expenses that are necessary for maintaining a better retirement. You can learn more by visiting GoodLifeHomeLoans.com and downloading their GoodLife Guide, which is a comprehensive guide to reverse mortgage loans.

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Source: EIN Presswire