Borrowers must have adequate cash flow to
cover debt levels and acceptable credit history.
Not exact matches
You guys are set for life John and really don't have to worry about stocks and bonds and diversification as much if your
debt levels are under control and your pension
covers all your expenses.
Still reeling from the General Election, or now simply given psephological
cover for her views, Reeves said that Labour should set a date for getting national
debt back to 40 % of GDP, the
level it was at before the 2007 financial crisis.
In the U.S., student loan limits are too low to
cover even tuition at the typical public four - year institution, let alone the non-tuition costs of attendance, and many students default on
debts well below the maximum
levels.
Also, your
debt level may also have gone down, resulting in less insurance needed to
cover it.
Companies operating in industries that are exposed to a high
level of business risk and uncertainty would generally prefer to maintain lower
level of financial risk (by lower
debt financing) and higher interest
cover ratios.
Interest
cover ratio is also a regular feature of loan covenants requiring borrowers to maintain a minimum
level of interest
cover failing which may impose the immediate settlement of
debt.
Maintaining a healthy weight, blood pressure and cholesterol
levels can save tens of thousands of dollars in healthcare costs over your lifetime and reduce the risk of going into
debt to
cover out - of - pocket costs.
Those periodic special dividends are feasible because of the firm's immaculate balance sheet, which has almost no
debt, relatively high cash
levels (relative to the size of the company and its acquisitions), and a high current ratio (i.e. the company's short - term assets
cover its short - term liabilities by more than three-fold, thus protecting it from unexpected negative financial strains, such as during recessions when demand from restaurants can lead to declining sales, earnings, and cash flow).
But when you consider the amount of
debt you may pile up because of the lost wages, then having a benefit
level high enough to
cover expenses for six months will bring you peace of mind.
This means choosing a
level that
covers funeral expenses, outstanding
debt, and providing a financial cushion or legacy.
If you have a 15 or 30 year mortgage and are considering life insurance to
cover the
debt, you can lock in a 15 - year or 30 - year
level term policy with a return of premium feature.
Another benefit of Guaranteed
Level Term Life Insurance is that it can
cover your existing
debts.
People usually take out term life insurance to
cover a specific period of high risk (high
level of
debts, active mortgage, minor dependents).
Living Promise
Level Benefit — Essentially, this is similar to a final expense policy to
cover debts, medical bills, and various other costs after death.
It is best for homeowners to have a balanced approach to their financial priorities, with consideration given to reducing
debt levels, saving to
cover expenses in the event of job loss and retirement.