If the business does not meet these criteria, the business credit card issuers will use the credit history of the principal making the business credit card application as their basis for evaluating credit risk.

Do note that most business credit card issuers will not approve your application for a business credit card unless you agree to the personal liability provision. This essentially makes a business credit card the same as a personal credit card from a personal liability point of view. Hence, whenever your business fails to repay the business credit cards, the issuer may invoke the personal liability agreement in order to collect payment from the business credit card principal.

Some families turn to endowment life insurance policies when adding security to their college savings portfolios. An endowment life insurance policy works two ways: It will work similar to a traditional life insurance policy where it will pay the face value to your beneficiary in the event of your death and it will also pay the face value of the policy if you outlive a set contract period.

There are some things to consider before just going to any insurance agent and purchasing any type of life insurance policy. Especially with an endowment life insurance policy, first check with an accountant and your tax advisor to see if an endowment life insurance policy is best for your situation. Using life insurance for a savings vehicle is, in most cases, not the best choice for an overall savings plan but should be used only in addition to other savings vehicles. Also, when looking for a life insurance agent and policy, shop around. Life insurance policy premiums can vary greatly from company to company so it can really pay off to take a look at various policies from different companies. And, don’t forget to check out these guidelines before choosing any life insurance product.