Sentences with phrase «cover large debts»

Term policies are a great choice if you are concerned about your family having to cover large debts (think mortgage payment or credit card bills) if you die unexpectedly.

While 20 year term policies offer shorter lengths of coverage, these policies are usually recommended for young families with tighter budgets who still need significant amounts of life insurance to cover large debts and expenses, such as mortgage payments, auto and school loans, living costs, etc..

«It's important for both working and non-working spouses to have life insurance,» says Kristi Sullivan, CFP ®, Sullivan Financial Planning, LLC, Denver, Colo. «For the working spouse, you want to have enough insurance to cover large debts (mortgage), future obligations that can no longer be funded by the earnings of the deceased (college, retirement) and living expenses for the family.

If the purpose of buying a term insurance plan is to cover large debts or loans, such as a home loan, even then going beyond retirement age is not ideal.

This type of policy is okay if your purpose is to cover a large debt which will be paid down at roughly the same rate as the decrease in the policy.

If your main goal is to cover larger debts for a particular number of years until they are paid off (such as a mortgage), then you may consider a 20 or 30 - year term life policy.

Most often, term life insurance is purchased to cover a large debt, such as a mortgage or another financial obligation.

Not exact matches

And because of the softening in the market, they haven't been able to find a lender willing to issue them a HELOC large enough to cover their unsecured debt.

Though it requires a larger upfront investment compared to starting something from scratch or conducting a traditional job search, buying a business can provide you and your family long - term security while paying you an immediate salary, covering your bank debt and providing a small cushion to grow the business.

So it may make sense for a restaurant owner to pay off other large debts first before pursuing an additional loan, or to make sure you have enough assets to cover debt payments in the event the restaurant doesn't bring in as much revenue as you anticipated.

The country will need to cover a large share of its remaining refinancing needs for the year in October, when more than 20 billion euros in debt comes due.

Since your debts are transferred to your estate when you pass away, if your liquid assets (such as checking and savings accounts) are large enough to cover them, no debts will be passed on to your spouse or heirs.

You can use a personal loan to cover almost any large expense or even consolidate your debt.

While this is certainly enough to cover a funeral and minor debts, it is likely not be a large enough death benefit to cover your mortgage.

Since your debts are transferred to your estate when you pass away, if your liquid assets (such as checking and savings accounts) are large enough to cover them, no debts will be passed on to your spouse or heirs.

I am running my portfolio with FundsIndia and invested in 8 different funds via SIPs (covering LARGE, MID & SMALL CAP, HYBRID, BALANCED, ELSS and DEBT funds).

I usually figure that we'll end up at a 70LTV which also helps the debt cover and provides a larger margin of safety, which is half the battle from a value investing standpoint.

So, as long as the monthly salary of the applicant is large enough to cover the full debt, there is little reason for the lender to reject the application.

If you take out a reverse mortgage, you will not be leaving your heirs with a large debt that can not be covered by selling the house.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

I am convinced this is the best way to get out of debt, though I tend to lean towards a slightly larger baby emergency fund to cover major financial emergencies.

For those with many loans that they are paying off every month, taking out a large loan to cover those smaller loans is a good way to make sure that they can handle all the debt easily.

Low interest personal loans at Citadel are perfect for debt consolidation, making a large purchase, or covering an unexpected expense.

Negative Amortization A gradual increase in the mortgage debt that occurs when the monthly payment is not large enough to cover the entire principal and interest due.

For - profit colleges have long been accused of saddling students with large debts for training that did not prepare them for jobs that pay enough to cover loan payments and living expenses.

With this method, a lender gives consumers a lump sum large enough to cover all of their credit card debts and, in essence, reduce their numerous debts into one account.

You can use a personal loan to cover almost any large expense or even consolidate your debt.

If you went into debt to start your business, you should make sure your death benefit is large enough to cover those liabilities so they don't eat into the size of your estate.

There is no formal limit to the number of creditors that a debt consolidation loan can cover, though if you owe debts to a large number of creditors, then your credit rating will likely be poor, and as such you will be offered an increased interest rate, or only a secured loan.

Capital markets transactions are highly profitable for investment banks, so they have analysts cover large companies in the hope that when a company floats more stock or debt, or engages in a merger or acquisition, the company will use that investment bank for the transaction.

In addition, the Freedom card offers a $ 150 sign - up bonus that's large enough to cover the balance transfer fee on up to $ 3,000 worth of debt.

Since most of the academic expenses are already covered by revenue from restricted endowment funds, the understanding, recently, that donations will merely go to administrative bloat and a horribly large debt service are well - known and discourage increases in pouring money down a black hole of overpaid administrators, useless consultants, and a trust - busting bank loan that should never have been allowed and was falsely acquired by lies to the AG and the court.

If it's a promise made by the executor or administrator of an estate to personally cover debts the deceased person owed if the estate isn't large enough to cover them.

They use a large range of delivery models, and they cover a large range of subject matters: maritime, defamation and reputation defense, security, insurance litigation, debt collection, international investment, human resources, high volume contracts, international diplomacy and dispute resolution, real property, intellectual property...

While this is certainly enough to cover a funeral and minor debts, it is likely not be a large enough death benefit to cover your mortgage.

This is one of the best reasons students with a significant amount of private student loan debt should consider taking out a life insurance policy large enough to cover the costs of their student loans and any interest accrued.

Those who have older children and have paid off the mortgage may need only enough insurance to cover burial costs, whereas those with young children and large debts will likely want to purchase a policy that will allow for financially comfortable lives for their families, including enough funds to cover college expenses or trust funds for the kids.

It is, however, the most economical way to purchase a large amount of life insurance to cover things like paying off debt you've accumulated, replacing your stream of income for your family, and paying for living expenses for a period of time.

This should be ideally large enough to cover all your debts as well as aid your loved ones to lead a comfortable lifestyle post your demise.

Hence, your life cover must be large enough to enable your family to pay off any outstanding debts, so that they are not burdened with a large liability with no resources to clear it off.

If you have any large outstanding debts that you would like the insurance to pay for, you may decide that one or more term life policies would be the best way to cover them.

A good rule of thumb is to make sure your NOI without your largest tenant in place still covers your monthly debt service.