Top Reasons People Buy Life Insurance


Posted on 16th June 2014 by Rita in How To's of Life Insurance |Life Insurance

, , , , , ,

memorial planning guideIncome Replacement
Protecting loved ones with replacement of income. Financial Hardship is one of the main motivations for most, to buy life insurance. Life insurance can provide finances for a growing family, living expenses, college tuition and retirement to name a few.

Safeguard Home and Business
For many, the monthly mortgage payment and housing costs are the largest debts in their budget. Life insurance policies can be tailored to cover these expenses in the event of a tragedy.

For business owners, a life insurance policy can be customized for your family to buy out a surviving business partner. Or on the other side of this you may want to provide an efficient means for a business transfer.

Funeral and Burial Costs
Final arrangement expenses can be devastating. Including coverage in your life insurance policy to cover expenses related to final arrangements will give loved ones the funds needed to carry out your final wishes.

(click photo in this post for your FREE Personal Planning Guide)

Inheritance or Savings
Providing a monetary gift along with loving memories. Life insurance is a safe and sure way to leave a monetary gift to your children, grandchildren and loved ones. As a side note, benefits become the property of its beneficiary therefore benefits paid to the beneficiary cannot be seized by the IRS or private creditors.

Source: The Law Dictionary
Can the IRS Seize Money from a Life Insurance Policy After It’s Paid to the Beneficiary?
Are You Taxed on Inherited Life Insurance Money?

Charitable Gift
You may have an organization you love and support. Therefore you may want to allocate a portion of your life insurance benefit to use as a charitable donation. Planning is key – you can buy life insurance now and designate your favorite organization as beneficiary in your policy.


Established in 1965 in Spokane, WA. North Coast Life Insurance Company (NCL) is focused on providing solutions for you and those you love. Receive genuine personal service and 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:
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: or Live Chat below.

How Does Life Insurance Protect?


Posted on 11th July 2011 by Rita in Life Insurance |TERM Life Insurance |WHOLE LIFE Insurance

, , , , ,

8 Common ways Life Insurance protects:

Life Insurance provides for unexpected & preplanned Funeral/Final Expenses.Funerals are more expensive then you may realize. Many sources agree… Funerals are considered one of the most expensive purchases many consumers will make. (view Federal Trade Commission – Facts for consumers).

Life Insurance provides for Additional Fundsto be available. Used to pay the mortgage or other (more…)

What is… the Gift of LOVE?


Posted on 9th February 2011 by Rita in Life Insurance |TERM Life Insurance |WHOLE LIFE Insurance

, , , , , , , , ,

Valentine Gift of Love

Looking for that Extra Special Valentine’s Day Gift?

How about Giving the gift of Love this Valentines Day!

A Real expression of Love to those you care about the most.

Something that shows loved ones you care so much that you’ve made plans to provide for them… in your absence.


Organize it… How to Store Your Life Insurance Policy & Other Crucial Paperwork

1 comment

Posted on 14th September 2010 by Rita in 401k |Annuities |IRA |Life Insurance |Retirement and Estate Planning |TERM Life Insurance |WHOLE LIFE Insurance

, , , , , , , , , ,

Files to Organize your paperwork
You’ve done all the work on important issues… when it comes to protecting those you love. Now make sure all your documents are in safe keeping and that someone knows where to find these documents. One of the main reasons for your “think ahead planning” is to ease the burden to your love ones… so don’t over look the fact that someone needs to know where to find all the paperwork.

Commonly there will be 3 people with a set of your crucial documents: (more…)

What is an Inherited IRA?


Posted on 20th November 2009 by Rita in IRA |Retirement and Estate Planning

, , ,

Inherited IRA aka: Beneficiary IRA

An Inherited IRA is an individual retirement account (IRA) that is left to a beneficiary after the owner’s death and usually are received from a parent, but can be from anyone other than your spouse.

IRAs are among the largest assets left to beneficiaries. Since Inherited IRAs are specifically (more…)