Someone should explain to Lisa Ling that commissions are split several ways and that out of that split we must fund our own retirement and pay our own hospitalization, Social Security, life insurance, business expenses, education expenses, and
normal household expenses.
Normal household expenses for the day to day living of your surviving spouse should be added in.
Poppendieck lays this out well in her book, showing how, after
normal household expenses, such a family could struggle to come up with the reduced price each day, five days a week, for their children.
Not exact matches
After all, there's going to be a new person in the
household, which means the
normal lifestyle and
expenses need to be shifted to accommodate.
Chapter 13 payments a reasonable assumption of what the individual is able to pay back to their creditors and still maintain their
normal family and
household expenses.
The restore benefit is given to the insured to take care of his
household expenses till he gets back to the
normal track.
The technical answer to what is loss of use coverage on Manhattan, NY renters insurance is «If a loss by a peril insured against under this policy to covered property or the building containing the property makes the residence premises not fit to live in, we cover at your choice either of the following:... any necessary increase in living
expenses incurred by you so that your
household can maintain its
normal standard of living; or... the fair rental value of that part of the residence premises where you reside...»
Term Life Insurance is needed to cover many
expenses that are
normal to running a family or
household.
A death in the
household will leave huge voids in the
normal household routine and whether the surviving spouse is going to work less and take them over or hire someone, that is a huge increase in monthly
expenses.