Providing Higher Education with Life Insurance


Posted on 28th September 2011 by Rita in FREE Consumer Guides |How To's of Life Insurance

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As parents we do all we can to provide our children with opportunities to succeed. If the unexpected occurs, the death benefit proceeds from a Life Insurance policy can be used to fund College or other higher educational schooling.

A 2012 Bloomberg report finds that the cost of college tuition has soared 12 fold in 30 years. The same report shares some grim news that this rate has outpaced the price of inflation on consumer goods, medical expense and food. Most of us know that College Tuition is expensive, but with these staggering findings it may put a bit more urgency in protecting this opportunity for our children.

When there is a policy in place to cover your child’s college tuition should there be a pre-mature death, the surviving spouse and child(ren) will not endure this financial burden. Many variations are available for obtaining college tuition insurance coverage. You may feel it is best to have this coverage from the time your child(ren) are born or you may decide it is better to have a term policy only during the time your child(ren) are in college.

What ever is best for your personal situation, talking with your insurance representative about the different options available is the first step. Continuing to provide opportunities of success for your children with life insurance proceeds can make one of the biggest differences in their lives.

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.
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Gifts for the Graduate in your life…


Posted on 8th June 2011 by Rita in Life Insurance |TERM Life Insurance

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High School Graduation Season is in Full Swing. Such an exciting time for all the Graduates. Getting recognized for a Job Well Done! A new found freedom and adventures soon await them. This time can bring a roller coaster of emotions for the graduate and you alike.

Graduation is one of the biggest time’s in life for receiving gifts… (Next to Christmas, Birthdays and Weddings). Everyone wishing the graduate well on the their next chapter in life and giving gifts of cash or items needed for college and living on their own in the years ahead. How about giving the gift that with help ensure your Graduates Future? Having your future ensured… sounds like something any person would like… not only Graduates. What can provide a strong personal financial situation? Life Insurance is the one product to provide all of this and more. (more…)

Have a student heading to College?


Posted on 10th August 2010 by Rita in Life Insurance |TERM Life Insurance

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Back 2 School SignIt’s that time again. Many students are preparing to head back to college or excited to be out of high school and moving into their next new adventure in life. This time can bring a roller coaster of emotions for both you and your child and it may be a hectic time. Many things to do and remember to pack. This is also a perfect time to (more…)