Financial Finesse with Carolee

Back when I worked for a social services agency, I had opened up a 403B in hopes of saving SOMETHING for retirement. A short time later, I lost my job. My total contribution to the 403B had been $660 up to that point. Not a huge amount, but I was sure if I ignored it for a while, it would grow exponentially.  Fast forward a year or so and I finally opened one of my quarterly reports. I was a bit shocked to see it had barely increased. I knew it was time to look into other options.  Ironically, this was right around the time that I learned about PHP Agency. I needed to do something with my money, and I needed a new life insurance policy. PHP fulfilled both. When I heard they were  also hiring agents to work from home, I was all in! After going through training for my life insurance license and learning my different options, I decided to put my money into an IUL. Indexed Life insurance, or IUL for short, is a type of life insurance with a cash value. You will most like...

 When inquiring about Life Insurance, there are a couple of things you might want to be aware of.  Life Insurance is based on age, health and lifestyle. The three health issues carriers consider risky are:  1) Obesity. If you are obese, you might have a harder time getting a policy with low premiums and a higher death benefit. Obesity is the number one factor in many health problems, so of course insurance carriers are going to cover their risk of you passing away young, thus they will collect larger premiums to protect their interests.  2) Like Obesity, Diabetes is also taboo, basically for the same reasons. 3) Smoking is a big no, no in the insurance world. When we give a "Quickie Quote", the only health question is if the client is a smoker or non-smoker. Of course, once we start paperwork, other questions come into play.  ***If you are a smoker and quit, after a year the carrier may reevaluate your health status and offer you a lower premium. The best time t...

Welcome to my new blog. Although I do have a presence on many social media platforms, I believe this is a better avenue to deliver lengthier posts. Hello, name is Carolee Hollenback. I am a mother, Grandmother, and I a have a passion for helping others.  I also have big, expensive dreams for myself and organizations that I want to help. One of my goals is to travel the US in my RV. I needed a professional career that paid well and that I could do from anywhere. Because of my costly dreams, I also needed to learn about money and how it works. It was never taught to me in high school or college, and my parents never talked about it at home. Once I did learn about money, I was excited to share what I had learned with others.      Enter Financial Services. The Financial Services industry was the one that checked off all of my boxes. I wanted something where I could plan life around my time; not have life planning my time for me. Because it is remote, I can work ...