Because a term policy is considered to be «temporary» coverage, it is oftentimes thought to be a good way to
cover temporary needs.
Term insurance is designed to
cover temporary needs, including:
The ability to
cover temporary needs is a main reason why so many families and businesses buy term life insurance.
Needs Have Changed From A Temporary Risk To A Permanent Risk Many people initially purchase term life insurance to
cover a temporary need.
The downside of every type of a term policy is that
they all cover a temporary need.
You buy term life insurance to
cover a temporary need; however, just because a need is temporary does not mean that it is short - term.
Traditionally, decreasing term insurance has been a great solution for
covering temporary needs that reduce over time.
Sometimes you may need an additional life insurance to
cover a temporary need.
Not exact matches
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For example, if there is an emergency expense you
need to
cover, then using a credit card is ideal for
temporary relief.
Title loans are a
temporary solution to help consumers access the cash they
need to
cover short - term expenses.
BBVA Compass is an option when you're ready to support your big business ideas, get the equipment you
need or even
cover temporary shortfalls.
To provide the best experience we can, we'll
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If your child has suffered an injury during birth that has caused any
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Another type of coverage you might buy as part of an earthquake policy would provide «additional living expenses,» money to
cover the costs of
temporary housing and other basic
needs after a disaster.
Offers a great strategy for those who have a
temporary need for life insurance, such as a mortgage or to
cover college tuition costs for children, if you should die
Term is frequently purchased to
cover a
temporary life insurance
need and is the most affordable type of coverage.
Term life is best for those who
need temporary coverage; for example, you may
need to protect a business,
cover a mortgage, or provide for a growing family in the event of your death.
You may be concerned that you
need special Indiana tornado insurance to
cover living expenses if you
need to find
temporary living arrangements after a natural disaster.
This type of coverage is often considered to be «
temporary» life insurance protection, and it can be a good choice for people who are wishing to
cover the unpaid balance of a mortgage or other similar
needs.
The policy would not normally
cover this kind of risk for the full term, but if you let your insurance company know about the
temporary need, they may grant you permission for a limited term by adding an endorsement stating such.
The
need for a
temporary replacement vehicle is typically on the heels of an accident that would have been
covered under your auto insurance's collision or comprehensive coverage.
A term life insurance policy may be a good option for someone if they are
covering a «
temporary»
need such as a home mortgage balance, or if they are wanting to ensure that the cost of a child or grandchild's college tuition will be paid.
Also, if your coverage
needs are
temporary like mortgage protection or
covering kids while they are dependents that are also a sure sign to get a term life insurance policy.
To avoid this it can be a good idea to get a term policy for your
temporary needs a permanent policy for more permanent life insurance
needs like
covering final expenses.
Many people refer to term life insurance as «
temporary» life insurance, and thus will purchase it for
covering needs such as their unpaid mortgage balance.
Term life is a
temporary form of life insurance that will
cover your
needs for a specific time.
Non-owner liability policies also do not
cover the physical damage to the car, so be sure and go through the checklist below, to see what coverages you
need and want when you look for
temporary automobile insurance.
Your car insurance policy may
cover rental cars, if it does, you may not
need to buy any
temporary car insurance through a rental agency.
Whereas a term policy may be a good option for someone who is
covering a «
temporary»
need, permanent life insurance, such as a whole or universal life policy, could be better for an individual who plans to keep the policy in force for the duration of his or her entire lifetime.
Term life insurance is oftentimes used for
covering «
temporary»
needs.
This type of coverage can be a good option for those who are wanting to
cover «
temporary»
needs, such as the payoff of a mortgage balance.
Many people consider term life insurance as «
temporary» coverage because it can be purchased for a certain time frame and can, therefore, be bought to
cover for certain
needs, such as paying off the balance of a mortgage.
Most policies
cover additional living expenses, which are the extra charges over and above your customary living expenses incurred when you are displaced from your home and
need temporary shelter.
Those who are wishing to
cover «
temporary»
needs, such as the payoff of a mortgage or the assurance that a child or grandchild will have the funds that they
need for attending college
With that in mind, term life insurance is often purchased for «
temporary»
needs such as
covering the unpaid balance of a mortgage.
These policies can be a viable alternative for people who are wanting to
cover a
temporary and a «vanishing»
need, such as the decreasing balance of a mortgage.
Those looking to
cover a large
temporary expense can get term life insurance,
covering them only as long as they feel they
need it.
Therefore, term life insurance may be a good option for someone in their 50s if that individual is looking for a way to
cover a «
temporary»
need, such as the remaining time period on their mortgage balance, or the time prior to when a child or a grandchild goes off to college.
While many people purchase term life insurance to
cover a «
temporary»
need, others may feel that it is best to keep their coverage for an indefinite period of time.
If a
need is
temporary, such as
covering college costs or a mortgage balance, term insurance is the way to go, says Carolyn McClanahan, a certified financial planner with Life Planning Partners in Jacksonville, Fla..
Therefore, term life insurance is usually a good option for
covering needs that are considered to be more «
temporary» in nature such as the remaining balance of a mortgage.
Term Insurance: Protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to twenty years, because such periods usually
cover the
needs for
temporary protection.
Each term policy
covers specific
needs but term insurance is
temporary insurance whether you buy a policy for one year, 5 years or 30 years.
Hi Srikanth, I am in
need to buy a term policy, family health insurance, permanent /
temporary disability
cover, accident insurance.
Covers the cost of
temporary repairs that
need to be made after a
covered loss to prevent further damage
Temporary Repairs:
Covers the cost of
temporary repairs that
need to be made after a
covered loss to prevent further damage
Whether you're heading out on vacation, renting a bike for the weekend, or borrowing your friend's motorcycle for a few weeks, you
need to make sure you're
covered with the right kind of
temporary motorcycle insurance.