Sentences with phrase «cover other financial obligations»

Some insurers offer less than $ 100,000 in coverage, while a couple provide death benefits up to $ 500,000, meaning you can also cover other financial obligations if needed.

Not exact matches

These products are typically favored if you want to have coverage in place quickly, perhaps because you're in poor health, and only need a small payout in the case of your passing (to cover funeral expenses, a loan, or other limited financial obligation).

Since the contract is directly with the other party, there is a greater risk of counterparty default since both parties may not have full knowledge of the financial health of the other (and their ability to cover obligations).

The most important thing is to look at your overall cash - flow situation and make sure you have enough income to comfortably cover the various 401K loan and mortgage payments associated with your second home (let alone your first home and other financial obligations).

It gets more iffy with personal changes in circumstances, as some cars like the Sapphires exclude «financial circumstances, and any business or contractual obligations» but other cards like the Prestige cover being laid off or fired, so always check your terms and call to clarify if needed.

In case you have dependents and need to pay for their college, or need to pay mortgage or have other financial obligations, you are recommended to purchase a standard Term Life or Whole Life Insurance policy in an amount that can cover family needs, including final expenses.

If you have other financial obligations, such as a mortgage and dependents who are counting on you to pay for college, you're better off buying a standard term life or whole life policy in an amount that can cover family needs, including final expenses.

Liability insurance covers several different financial obligations you may have if you are responsible for an incident that results in harm or damage to other people or property.

In doing so, both short term financial obligations may be covered (such as the payoff of a mortgage), as well as longer term needs that the individual would have for the remainder of their lifetime (such as the payment of funeral and other final expenses, and the possibility of estate taxes).

It also has the benefit of offering much higher death benefits if you have a mortgage or other financial obligation to cover.

If your salary is important to supporting your family, paying the mortgage or other recurring bills, or sending your kids to college, you should consider life insurance as a way to ensure these financial obligations are covered in the event of your death.

Whether you concern is paying for your children's college education, providing income replacement for your family, paying any final medical expenses or funeral cost, covering key employees, paying off a mortgage, creating wealth for the next generation or any other financial obligation.

Americo Life Insurance Company offers a series of whole life insurance products that are designed for helping to cover the costs that are associated with funeral and burial expenses, as well as uninsured medical bills and other financial obligations that one's loved ones may face.

A final expense policy or «burial insurance» as it is sometimes known, will help cover end - of - life costs including the funeral service, unpaid medical bills or other financial obligations.

Bodily injury liability (BIL) coverage takes care of the financial obligations that follow serious and permanent injury or death to others that may result from an at - fault collision in the covered vehicle.

While choosing the life cover, you also need to assess your financial obligations such as children's education, marriage, or other day to day expenses of your family, so that the cover amount your family will receive can easily help them maintain the similar lifestyle.

It is quite essential to buy a right amount of life cover after assessing your financial obligations which may include child's education, marriage, loans or other forms of debts.

Life insurance provides money when you die to pay for any remaining bills, cover the cost of the funeral, give money to loved ones or for any other financial obligation or desire you wish to fulfill even in death.

This article discusses laws regarding the obligation of spouses to support each other during an ongoing marriage, the potential for a spouse to become obligated to pay for the other spouse's health care, to the extent not covered by insurance, and options that older couples and their lawyers and financial advisors can consider regarding future health - care needs when formulating the terms of a premarital agreement.