Naming your Estate as Beneficiary – life insurance mistake #10

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Posted on 30th March 2012 by Rita in Life Insurance Mistakes

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how to handle beneficiary designation

Beneficiary Designation Mistakes you don’t want to make…

A beneficiary is the person or entity that receives the proceeds of the life insurance policy when the insured person dies.

In most states, naming an estate as beneficiary of your life insurance proceeds, brings an unpleasant fate to those benefits. When proceeds become part of the insured’s estate, this means the proceeds are not exempt from the estate’s creditors and are subject to probate. (note: laws in most states’ have an exemption from the claims of creditors for life insurance payable to named beneficiaries, such as: spouse, child(ren), parents, sibling or loved one.).

-Death taxes and administrative expenses can also claim a large portion of these benefits. Expect delays and additional expenses that other wise would NOT (more…)

Daylight Savings…

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Posted on 9th March 2012 by Rita in NCL News & Events

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spring forward 2012

 

Don’t forget to Spring ahead this weekend. We are looking forward to Spring and warmer days ahead.

A friendly reminder to change your clocks Sunday, March 11, 2012.  We know you don’t want to start off Spring on a bad note by showing up late on Monday morning.  

Why Final Expense Life Insurance?

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Posted on 1st March 2012 by Rita in Final Expense |Life Insurance

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whole life final expense insurance<< click image for your FREE printable Final Expense brochure.

Why final expense life insurance?

In a nutshell… Final Expense Life Insurance is all about freeing your family and loved ones from the expenses they acquire at the time of your death.

For many of us, this is one of the most distasteful subjects to think about, much less plan for. Imagine for a moment, your loved ones having to plan your funeral with out knowledge of your wishes. Than imagine their struggles to come up with the money for your final expenses while going through a very difficult time. Final Expense Life Insurance can relieve your loved ones from this financial burden, while allowing them to focus on the issues that matter most when a loved one dies.

Providing your loved ones with a benefit and removing a burden is (more…)