Sentences with phrase «breadwinner passed»

You might want to begin by asking yourself what would happen if a primary breadwinner passed away, or was otherwise unable to earn an income.

The most - common use is to provide money to a surviving spouse and family when the main breadwinner passes away.

However, the whole life coverage is better since it covers one until they die and keeps the beneficiaries safe from any financial shocks once their breadwinner passes on.

When the family breadwinner passes, the loss of income is felt virtually right away starting with the high burial costs today.

If you have additional debt you would like to pay off when the breadwinner passes away, we can help you apply for more than your mortgage amount.

Likewise, term life insurance can also be a good way to ensure a 15 or a 30 - year home mortgage will be paid off if a breadwinner passes away while there is still a balance to be paid off.

Additional needs — You may also want to consider what your children's additional needs would be should the breadwinner pass away.

A good candidate for a decreasing term life insurance policy could be someone who wants to cover the amount of their unpaid mortgage balance so that loved ones will not have to worry about paying the mortgage should the breadwinner pass away unexpectedly.

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.

Not exact matches

My husband passed away unexpectedly and he was the main breadwinner in the family.

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.

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

You don't know what people go through, people get sick and can't work, breadwinners of households pass away and bills aren't paid they way they were.

It can also be used to supplement income for a family who has lost a breadwinner due to an unexpected or untimely passing.

• 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.

Our family thought all was lost with the unfortunate passing of our breadwinner, thank you for all your efforts and extremely favorable outcome.

For some, it is to replace income for a spouse and for young children so that they do not have to drastically change their current lifestyle if the breadwinner were to pass away unexpectedly.

The questions to ask are: What happens when the sole breadwinner of the family is unable to work or passes away?

The expenses can add up and depending on the debt and salary of the breadwinner, your passing away without sufficient life insurance could create financial anarchy in your family.

Generally, life insurance is designed to secure a family's financial future when the primary «breadwinner» passes away.

Like the name suggests, this form of insurance protection exists in order to assist your family when the breadwinner has passed away or is no longer capable of making the necessary payments on mortgage.

The passing of a loved one carries with it tremendous grief and sorrow, but if that person was the breadwinner of the family, it also has a financial burden that may cause considerable debt and hardship on its own.

In this manner, a struggling family does not have to be in a deep financial hole because the breadwinner has passed away.

If you're the breadwinner of your family and you were to suddenly pass away, you could leave your loved ones grief stricken and in financial ruins.

Others, still, will buy these policies to ensure that should they, the breadwinner, suddenly pass away, their mortgage will be taken care of until it's paid off entirely.

With the help savings plans, the family is not only protected against the financial loss in case of the breadwinner's passing away but also helps an individual to build funds for short and long term goals.

With anyone's sudden passing, loved ones would definitely worry about the future, especially if the insured is the breadwinner.

If the breadwinner of a family passes away, most spouses who remain and other remaining family members can often earn enough money to provide for the family without sacrificing their currently lifestyle, if the mortgage is paid off.

A family's primary breadwinner will often purchase life insurance or his or her life to ensure that their family is able to keep their home if they were to pass away prior to the mortgage being paid off.

A primary breadwinner may want his insurance policy to provide 20 to 30 years of replacement income after he passes.

With the sudden passing of the breadwinner, monthly expenses, house loan, child's education, etc. is impossible to cover without any financial aid.

Life insurance is often viewed as income replacement for a family's breadwinner, should he / she pass away during his / her working years.

Jeff is the primary breadwinner for his family and he wants to make sure Kathy will be able to keep their home if he passes away before the mortgage is paid off.

Life insurance provides the much - needed money for child care and elder care if the main breadwinner of the family happens to pass away.