Monthly Archives: April 2011

Canceling a policy you currently have before new policy is in place – life insurance mistake #5

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life insurance mistakes

Canceling a policy you currently have before you have a new policy in place.

(Note: Young and healthy = great premium rates.
Older and health problems = higher premium rates or denial of coverage.
Life insurance is a product that needs to be obtained before you need it. In the same way… you are not able to purchase car insurance after a car accident and expect the insurance company to pay for the damage to your car. Same goes for life insurance or just about any type of insurance. When it come to Insurance it is one of those things you need to have before you need it.)

Now knowing how the rates work… Let me share with you – YES Canceling your current policy before you have a new policy in place is a BIG Mistake! I’ve seen this happen over and over again…. and it still makes me cringe when people are too upset or stubborn to learn what your up against when you do this. Continue reading →

Bloomsday 2011

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bloomsday 2011

The Lilac Bloomsday Run is a 12 kilometer / 7.46 mile foot run held in Spokane, WA. This year marks the 35th annual Lilac Bloomsday Run, held on the first Sunday in May. Making the date this year May 1st, 2011. As the largest foot race in the world this is pretty big stuff for Spokane, WA. I know most people don’t have a clue about Spokane since we are over shadowed by the better known city, Seattle, in the State of Washington. But if you are an athlete… who likes long distance running and Iron Man Triathlons than you know us well. Since a mere 30 miles east of Spokane in Coeur d’Alene, ID the Ford Iron Man Coeur d’Alene Triathlon is held. Next one scheduled for June 26, 2011. Continue reading →

Buying the Cheapest Policy – life insurance mistake #4

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man wondering why not buy the cheapest policy

 

Buying the cheapest Policy… may not necessarily be the best policy for you. We are all individuals with unique life situations from one another. What may work for your best friend may not work for you and your situation.

Taking the time to make sure the cheapest quote you have in front of you will do what you are expecting it to do. As in meet your needs.

Common examples:

  • Cover your loved ones needs when your gone
  • Cover your final expenses: Funeral/Medical Bills
  • Pay for children’s education
  • Gift to Charity

Short term products ( such as level, decreasing term or increasing premium) should be used when the need is definitely short-term. It is always best to speak with an insurance professional who is here to educate you on how the different policy work… and how they apply to your unique life situation.

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

Undervalue a Spouse who does not provide income – life insurance mistake #3

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life insurance mistakes

Undervaluing a spouse who is not bringing in any income. Until we stop to think and understand─ most of us do not realize how much the stay-at-home parent saves the family.

The amount of money needed to pay someone else to do the same things the stay-at-home parent does really adds up.. and fast! As explained in “What should a stay at home parent be paid?”

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.

Under-estimating your families life insurance need – life insurance mistake #2

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life insurance mistakes

Under-estimating your families life insurance need. People often underestimate the amount they should purchase.  There are a number of on-line calculators to help with this.  My suggestion: use a North Coast Life Life Insurance Needs worksheet and the Life & Health Insurance Foundation for Education calculator.  When you would like to reseach this on your own.  But always speak with a qualified representative, who will be able to identify and assess needs you may not have thought about. Besides Licensed representatives can provide you with the best product options for your unique situation.

The Life Foundation asks two great questions help get you started with this very important need…

  1. How much will be needed at death to meet immediate obligations?
  2. How much future income is needed to sustain the household?

Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.

Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
View INSTANT Term-Life Quote: www.insureyourfamily.com
If you prefer to speak with a local financial representative, call or email your request and you will be connected with a representative in your area.
Contact info: Phone: 800.541.5858 Email: rita.sollie@nclife.com or Live Chat below.