Sentences with phrase «as a source of income replacement»

Term insurance plans are looked up as a source of income replacement if a breadwinner passes away, which otherwise leaves the family in an emotional distress and financial crisis.

While the overarching value of life insurance is the death benefit as a source of income replacement, some policies also have features that can be used to help consumers reduce risk and protect wealth from the effect of taxes, market volatility and longevity.

Not exact matches

Our Family Property Division Lawyers know that some types of assets function as sources of or replacement for income and are not property such as banked sick pay.

A death benefit essentially serves as income replacement and how much life insurance you need depends on your family's existing financial obligations and sources of income.

Many people get life insurance regardless of type to ensure their spouse as an income replacement source.