Sentences with phrase «cover outstanding medical bills»

The benefits of life insurance coverage are plentiful and guarantees that if you pass away, the people that you appoint at beneficiaries will receive a death benefit in order to carry on your wishes such as cover outstanding medical bills and other debt, pay for burial and funeral services, create a college fund for your children and more.

In addition to paying for the procession, service, burial plot, casket, and headstone, families often use burial insurance payouts to cover outstanding medical bills, unpaid credit card balances, and other debts a family member has left behind.

Not exact matches

Funeral expense insurance can be used to pay for the cost of the funeral alone, or it can cover additional final expenses such as outstanding medical bills, legal costs, or any other debts that you owe, such as credit card bills.

The not - at - fault driver's insurance covers a certain threshold of property damage and personal injury, but there are still outstanding medical bills.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

Another way to preserve your retirement funds for a partner or spouse, is by having enough life insurance to cover funeral and burial costs, as well as outstanding medical bills.

Today's funeral and burial expenses can be costly, and if you haven't set aside the readily available cash to cover your final expenses (including outstanding medical bills) with final expense insurance, you'll be leaving this burden to the people you love.

The average cost of a very basic funeral in the U.S. is $ 7,181.1 If you haven't set aside the funds to cover these immediate expenses — as well as any outstanding medical bills you may leave behind — factor funeral and other final costs into your life insurance needs.

However, the people who are left to cover your final expenses (including the possibility of outstanding medical bills) care.

Funeral expense insurance can be used to pay for the cost of the funeral alone, or it can cover additional final expenses such as outstanding medical bills, legal costs, or any other debts that you owe, such as credit card bills.

It would not provide enough to cover burial and any outstanding debts, medical bills, or ongoing monthly expenses.

Funeral insurance can be used to pay for the cost of your funeral alone, or it can cover additional final expenses including outstanding medical bills, legal costs, or any other debts that you owe, such as, credit card bills.