Tips on How to Keep Those New Years Resolutions


Posted on 26th December 2012 by Rita in Retirement and Estate Planning |TERM Life Insurance

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new years resolutions

With a New Year upon us… Many of us feel it’s the perfect time to reflect on the changes we need or want. The most popular category in the New Year’s resolution realm is fitness and a close second is getting finances in control. There or many apps now to help you with your new found Inspiration for self, family or community improvement.  These apps are Great, but really I believe the main action you need to do first.  Is to resolve to make a (more…)

Naming your Estate as Beneficiary – life insurance mistake #10


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…)

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…)

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


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


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.
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