Sentences with phrase «breadwinner in a family needs»

Many people assume that only the primary breadwinner in a family needs life insurance.

Many people assume that only the primary breadwinner in a family needs life insurance.

Not exact matches

In this scheme a breadwinner could support and meet all of his or her family's needs.

Generally, you may need life insurance if you are the primary breadwinner in the family and you need to ensure your income will be replaced should you pass away.

Myth 1: I only need life insurance if I'm the primary breadwinner in my family.

• Input into cell B58, how much monthly after - tax income the survivor will need to maintain their standard of living if the breadwinner were to pass away today, when there is more than one minor child in the family.

If you're a high - income earner and the sole breadwinner in your family, then you may need to consider more than if that's not the case.

Recovering the compensation they are entitled to under the law including money victims and families need to pay for hospital bills, rehabilitation expenses, funeral costs and loss of income if an injury victim can not work or a family's breadwinner is killed in an accident;

Life insurance can also provide much needed funds to pay bills, make the mortgage payment and other important purposes in the event the family's breadwinner dies prematurely.

Term is a smart choice when you require life insurance for a set period of time, perhaps to protect the breadwinner in the family, to cover business or SBA loans, or to adhere to the needs of a divorce legal order.

In case you are the sole breadwinner of your family, you need to ensure that your family has a fall - back option in the unlikely event of your untimely deatIn case you are the sole breadwinner of your family, you need to ensure that your family has a fall - back option in the unlikely event of your untimely deatin the unlikely event of your untimely death.

Maybe you're the breadwinner in your family but someone else — like a spouse — needs auto coverage.

They aren't the breadwinners in your family, so there's no income you need to replace.

The plan promises a considerable sum of money in difficult times when the family needs a source of income after the death of the breadwinner.

Although life insurance is often used for providing needed funds to surviving family members in the event of a breadwinner's death, it is also used as a means for paying off debt.

If you are the only breadwinner of your family, then it is very important for you to invest in life insurance policies that can go well with the needs of your family.

While you may not need as large of a policy as you would for the primary breadwinner of the family, you should still have life insurance in place.

This financial support is enough to meet the basic needs of the family members in the absence of the breadwinner.

Bharti AXA Life Secure Savings Plan is a traditional non-participating Endowment Assurance plan to build a corpus through regular savings thereby taking care of the family's future needs and requirements and to also provide protection in case of immature death of the breadwinner

This rider is an essential one if you the breadwinner of the family with dependants as it ensure that your family's needs are not compromised with even in your absence.

Like a term plan, this plan also provides high protection at very low premium rates thereby protecting the family's future needs in the absence of the breadwinner

Long Term Insurance Needs Policies for longer periods of time are usually to provide cash or income to a family in the event of the premature death of the breadwinner.

Life insurance was invented to take care of a family's financial needs in the event of the death of the breadwinner.

Like anyone else who has dependents who rely on his or her income, a small business owner needs sufficient life insurance coverage to enable the family to survive in the event of the primary breadwinner's death.

Being a breadwinner in the family places a massive responsibility on your shoulders because your loved ones depend on you for their needs.

Term insurance is an affordable option providing protection to your family when they need it the most for e.g to cover major final obligations in life if something happens to the main breadwinner of the family.