Most clients usually just want to purchase enough coverage to pay off their mortgages, but if you're the «breadwinner» it's important to also
consider other outstanding debts (car loans & credit cards) as well as burial expenses.
Not exact matches
debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund
outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally
considered to be free from credit risk and thus typically carry lower yields than
other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions
Credit cards and
other outstanding debts is the second most important factor
considered when determining your FICO score — the most widely used credit score by lenders.
So, if you have large
outstanding debts, you would want to
consider other insurers.
Qualification: Approval for a PLUS Loan does not take into consideration income,
other outstanding debt, assets, income or years to retirement, so
consider carefully how much you will realistically be able to repay.
As your credit score improves, you should
consider other opportunities to lower payments and interest rates on your
outstanding debt.
You may also want to
consider covering any
outstanding debt and
other final expenses.