Sentences with phrase «also cover costs of a funeral»

Life insurance can also cover costs of a funeral and unpaid medical expenses.

Not exact matches

Funeral Advantage is essentially a whole life insurance policy designed to cover a limited set of costs associated with your passing, and is also referred to as final expense insurance.

You may also want to add some extra money for this category to cover the cost of your funeral and other final expenses.

In the case of a wrongful death at sea, the victim's family may also be entitled to compensation to cover funeral costs, loss of companionship, and loss of financial support.

Family members will also be eligible to recover financial expenses to cover any medical costs, funeral costs, and the loss of financial support of the decedent.

The company offers a range of policies that also include «Funeral Advantage», a policy that is low - priced to help those with modest incomes cover the cost of a funeral quickly and efficFuneral Advantage», a policy that is low - priced to help those with modest incomes cover the cost of a funeral quickly and efficfuneral quickly and efficiently.

Funeral Advantage is essentially a whole life insurance policy designed to cover a limited set of costs associated with your passing, and is also referred to as final expense insurance.

Despite its nickname, funeral insurance will also cover the cost of cremation and the associated fees.

Final expense coverage — which is often also referred to as burial insurance or funeral insurance — is specifically designed to cover the cost of an insured's funeral and other final expenses.

The purpose of the death benefit will be to cover the costs of the funeral expenses, but also to provide financial support to the family after passing.

You may also want to add some extra money for this category to cover the cost of your funeral and other final expenses.

Another method is to add up the total bills, such as credit cards, mortgages, car payments, loans and funeral costs, while also estimating and anticipating future bills (the need for a new car, tuition for your children, inflation etc.) If the goal is to simply replace an income, as might be the case when both spouses are professionals, the estimate should be based on the annual income multiplied by the number of years of income that you want the life insurance to cover.

Personal Injury Protection (also called «PIP» or «No Fault») generally covers you and your household members for medical costs, income loss, accidental death benefits, essential services costs, and funeral costs that result from an accident — regardless of who is at fault.

In addition to ensuring the money is available to cover your funeral costs, funeral planning also enables you to take control of what happens to your body after you die.

In other cases, this type of insurance will also cover the funeral costs for someone killed in an auto accident that you cause, and will often cover some percentage of lost wages and home health care for someone whose injury is very serious.

However, it will also cover funeral, burial, and cremation costs as well as lost wages and in - home health care that is required as a result of the accident.

Royal Neighbors also offers final expense whole life insurance that can help cover your end of life costs, such as a funeral, paying off any existing debts, and getting your estate in order.

This type of coverage — also often referred to as funeral insurance or final expense life insurance — is typically purchased with the intent of covering a person's funeral and other related costs.

The beneficiary of the policy is also not required to cover the cost of a funeral or related expense.

An even more affordable scenario would be to have a whole life policy that will cover the costs of your funeral and other final expenses, and also a term policy that will cover your debts at a much more affordable rate.

This would also cover you for any unfortunate incidents involving sudden demise of the insured person, in that case, the funeral and cremation costs would also be borne by the travel insurance company.

It can also help cover end of life expenses, funeral costs, burial, and any outstanding debts.

There is also the cost of funeral expenses, and if you've had a lengthy illness, you may have accumulated costly medical debts that your health insurance plan may not fully cover.

While Kelly's children were forced to deal with the tragic loss of their mother, they also had to face the fact that she left behind only a few thousand dollars in the bank and no life insurance, leaving them essentially broke after covering the cost of a very basic funeral.

These types of suggestions will cover the cost of a funeral and may also provide an additional cash benefits to your heirs based on the face worth of the plan.