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

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Posted on 28th April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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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. (more…)

Buying the Cheapest Policy – life insurance mistake #4

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Posted on 22nd April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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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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Posted on 15th April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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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.

Not Obtaining Any At All – life insurance mistake #1

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Posted on 13th April 2011 by Rita in Life Insurance |Life Insurance Mistakes

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life insurance mistakes

When it comes to the subject of Life Insurance… by far the BIGGEST Mistake would be Not Obtaining  Any At All!

In tough times life insurance may be the only financial product that continues to do what it was designed to do… Provide for your family’s Financial Security!

Read: “When in Tough Times” for details.  (You may be surprised to know (more…)