«He was the
only breadwinner in the family,» said 17 - year - old Phinjum Sherpa, as she waited for the body of her uncle, Tenji Sherpa, at a Buddhist monastery in Kathmandu.
If, for example, you're the sole
breadwinner in a family with multiple dependents, you're better off having six to nine months of savings on hand.
There is no middle - of - the - night solidarity with a partner when Baby won't sleep, no
other breadwinner in the family to head off for work the next morning, no grandma or auntie to babysit for a few hours so Mommy can rest.
For most people, this mostly this comes down to term life insurance for the main breadwinners in the family unit
This means that if an unforeseen incident happens — for example, the main
breadwinner in your family passes away — the insurance company can deny your claim because you didn't qualify in the first place, or due to any inconsistencies in your application.
These plans are cheaper when you are young and it'll give your family the security of income, especially if you are the
lone breadwinner in the family.
However, 40 % of moms are the primary (or only)
breadwinners in a family.
Under this scheme, the eligible families can get reimbursement for medical expenses up to Rs. 30, 000 and accidental death benefit of Rs. 25, 000 to
the breadwinner in the family.
If you're the primary
breadwinner in your family, with a spouse who takes care of the home, you might not have considered the real cost of replacing the work he or she does.
They may be the primary
breadwinner in their family or the situation may be that of a single mother pregnancy where the woman has to work to support herself and her yet - to - be-born baby.
I love travelling on my own, with or without companion, I am
a breadwinner in our family and also a independent lady.
Married to a teacher, she's the primary
breadwinner in her family, and a dip in pay will have a big impact.
While the loss is potentially less financially devastating than a loss of the life of the main
breadwinner in your family might be, a Santa Rosa apartment fire or a burglary in Cloverdale can ruin your day, your bank account, and even the very fabric that ties your family together!
If you are the primary
breadwinner in your family, or if you have a somewhat specialized job, it is recommended that you try to save enough to cover you for 6 - 8 months, as it can take a while to find a new position should you suddenly lose yours.
If you are
the breadwinner in your family, yet you don't have enough food to put on the table for dinner, you might find yourself feeling like you have let your family down.
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.
If you are
the breadwinner in your family, the financial burden of your death could be catastrophic for your loved ones.
Myth 1: I only need life insurance if I'm the primary
breadwinner in my family.
Pro tip: If you're single or the sole
breadwinner in a family, you should aim for six months» of living expenses in your emergency fund.
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.
Your injured client was
the breadwinner in the family, the other driver was clearly at fault, and there was lots of insurance coverage to go around.
Then at some point we kind of decided it was her turn and I sort of realized that she had been doing so much even though she was also the primary
breadwinner in our family, we were just behaving like inevitably I would be the primary breadwinner and so she was going to put in the effort and at some point we flipped it and it kind of all of a sudden dawned on me that that was super unfair and I can't believe I did that.
For example, if one individual has been a stay at home parent for a number of years, and the other spouse has been the sole
breadwinner in the family, that would be a case that might have an alimony or spousal support component to it.
If
the breadwinner in your family has been the victim of a wrongful death, it is imperative that your family's financial future be protected.
The origins of the liable relatives rule date back to the time before the welfare state, when divorce was rare and there was only one
breadwinner in the family, and it was commonly accepted that one spouse should support the other.
Colleagues who were not in that position, who were the sole or primary
breadwinners in their family, or who could not afford to take a pay cut, found that they had to continue practising law or pursuing other employment while also trying to build a mediation practice.
If you're the primary
breadwinner in your family, then you have to think about what's going to happen to your family if they no longer have your income to rely on.
When
the breadwinner in the family dies those left behind can have serious difficulty keeping up with the bills, paying the mortgage and making ends meet.
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.
Most people want life insurance for income replacement especially if they are the primary
breadwinner in the family.
Just imagine for a moment what will happen to your family if something bad happens to you; especially if you are the only
breadwinner in your family.
Whether you are the primary
breadwinner in your family or you have a two - income home, we don't have to tell you how not having your income would affect your family.
Life insurance is often purchased to replace the income of
the breadwinner in a family.
How long would it take to feel the financial loss of
the breadwinner in your family?