What Does Final Expense Insurance Do?

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Posted on 7th September 2011 by Rita in Final Expense |FREE Consumer Guides |How To's of Life Insurance |Life Insurance |Retirement and Estate Planning |TERM Life Insurance |WHOLE LIFE Insurance

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Funerals: One of those subjects no one likes to think about, especially when it is our own. On the other hand; If it’s hard for you to think about funerals, imagine your loved ones having to plan your funeral with out knowledge of your wishes and struggling to come up with the funds to pay for your final arrangements. The last thing anyone wants to think about after they lose a loved one is how to pay for all the final arrangements.

Coping with the grief of death is hard enough without having to worry about
final arrangement expenses.

When Final Expense Life Insurance is in place it helps ease the financial burdens of final arrangements by paying for the many costs associated with final arrangements, while allowing loved ones to focus on the issues that matter most when a death occurs.

Having a Final Expense Insurance policy means you are covered for your entire lifetime. Premiums and benefits are guaranteed to remain the same as long as the whole life policy is in effect and premiums paid. This type of insurance is affordable, has a simplified underwriting process, builds cash value and available in a variety of face values.

North Coast Life’s final expense policies are available in face amounts ranging from $2,500 up to a maximum of $25,000. These face amounts are less than a standard life insurance policy, because the main purpose of these policies are to cover final expenses (funeral). Final Expense policies are NOT intended to cover ongoing living costs, college, large debt or retirement funding for beneficiaries. (click for product brochure)

FAQ’s
Will my coverage change? No, your policy is guaranteed to stay the same
Can my premiums change as I get older? No, your premiums are guaranteed to stay the same, and your policy stay with you for a lifetime.
Is the policy guaranteed to my satisfaction? You have a no risk 30-day free look money-back-guarantee.
Can the policy be canceled? NCL insurance company cannot cancel your policy except in the case of fraud or failure of premium payment.


ABOUT NORTH COAST LIFE INSURANCE
Established in 1965 in Spokane, WA. North Coast Life Insurance Company (NCL) is focused on providing solutions for you and those you love most. Experience genuine personal service while receiving guidance on all your insurance needs.
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). Providing solutions for your financial needs. INSTANT Term-Life Quote: www.insureyourfamily.com
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.

Why “Key Person” Life Insurance is Important.

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Posted on 2nd September 2011 by Rita in FREE Consumer Guides |How To's of Life Insurance

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key employee life insurance

Would your business survive the loss of a Key Person?

Every business has assets that need to be protected, whether those assets are buildings, equipment, automobiles etc. However, often over looked is what may be a companies most valuable assets – Key People (aka: key employee). While, all employees serve an important role in the businesses where they work, certain Key People are essential to the overall success of a businesses.

In a nutshell – Key Person Insurance protects your business against the loss of a a key person. If there would be a financial loss to a business from an (more…)

How to support your favorite Charity with Life Insurance

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Posted on 22nd August 2011 by Rita in FREE Consumer Guides |How To's of Life Insurance |Life Insurance

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support your favorite charity with life insuranceWishing you could do more for the charities you love and support? Have you considered using life insurance as a charitable gift? It may be wise for some donors to consider using their life insurance policy as an effective and convenient means in providing their support.

In most cases a relatively small annual premium will bring in a significant death benefit at the donor’s death, which in-turn provides a substantial gift to the donors chosen charity. This may turn out to be a much more abundant gift than a donor is able to provide with other assets.

As with almost all life insurance policies, the benefits will not be subject to delays in probate or be reduced due to estate or income taxes. Compared to other assets a donor may have. In addition, the death benefit of a life insurance policy is less likely to be contested by the donor’s beneficiaries.

In many cases, the charity receiving a gifted life insurance policy will have less administration tasks involved compared to receiving other assets, such as real estate or business interests. An added benefit for charities when a donor is going to gift a whole life – life insurance policy. A charity can take advantage of the cash values in a policy through loans or withdrawals, while the donor is living.

If you currently have a life insurance policy and would like to gift part or all of the benefits to your favorite charity… in most cases it is fairly easy to do. Simply complete the transfer or change of beneficiary forms with the life insurance company that your policy is with.

Methods Available for Gifting Life Insurance Benefits:

  • Charitable Giving Riders
  • Policy Donations
  • Naming a Charity as Beneficiary
  • Gifting Policy Dividends

For more information on Final Expense insurance, contact North Coast Life, your insurance agent or financial representative. Need help finding a local representative? Call 800-541-5858 or send your request through our contact page via our website. Questions welcome via social media.


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.

How to Pay off Mortgage with Life Insurance

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Posted on 9th August 2011 by Rita in FREE Consumer Guides |How To's of Life Insurance |Life Insurance

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mortgage protectionOne of the major investments in life, is your home. If others depend on your income to make the mortgage payment, seems to make sense to have some mortgage protection in place if you unexpectedly die.

Proper financial planning for mortgage protection could be the difference between financial devastation or not. Term life insurance may be the perfect solution to this dilemma if you still owe on your home mortgage. It is designed as low cost coverage for a specified period of time.

Here’s how it works: say you have 5 to 30 years on your home mortgage. If you purchase a term life insurance policy for same period of time and for the amount still owed on your mortgage… Then if you should die unexpectedly during the “term” the policy is in force, your love ones receive the face value of the policy purchased. The proceeds from the insurance policy will pay off the home mortgage. Making this one less thing for your loved ones to worry about during a difficult time.

Not only can the proceeds pay the mortgage, but the money can be used for any purpose your loved ones choose. For example, they may want to pay off a high interest credit card debt or a new car loan or use it for their cost of living expenses while they are going through a difficult time. Life insurance benefits are usually tax free and the beneficiary chooses how the money will be used.

Questions to ask yourself: if I died today…
Would my loved ones be able to stay in their current home?
How will the mortgage and other living expenses be paid?
Is my spouse’s income sufficient to maintain the daily expenses?

Note: This discussion covers the type of insurance that will pay off your mortgage balance in the event of your death. This should not to be confused with mortgage protection insurance which covers your mortgage payments in the event your are unemployed, sick or, injured.


ABOUT NORTH COAST LIFE INSURANCE
Established in 1965 in Spokane, WA. North Coast Life Insurance Company (NCL) is focused on providing solutions for you and those you love most. Experience genuine personal service while receiving guidance on all your insurance needs.
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). Providing solutions for your financial needs. INSTANT Term-Life Quote: www.insureyourfamily.com
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.