Sentences with phrase «cover the cost of a funeral when»

She now has a $ 750,000 term policy (with 15 years left until it terminates) and a $ 250,000 permanent policy which she will have her entire lifetime to ensure her son will be financially stable, have the funds to pay for any medical bills she may accumulate, and cover the cost of a funeral when she dies.

Not exact matches

Burial insurance is primarily designed for seniors that want to make sure their family has money to cover the costs of a funeral or pay off a debt when they pass away.

This means coverage lasts for the entirety of your life and, when you pass away, your beneficiaries will typically just receive a payout large enough to cover the cost of your funeral.

Burial insurance is a type of funeral expense life insurance policy designed to cover the cost of your funeral or cremation expenses when you die.

When buying term life insurance, it's important to purchase enough coverage to ensure your family has the money it needs to cover funeral costs and to maintain their current standard of living.

Burial or Funeral Insurance: This type of life insurance policy is geared towards covering funeral costs when the policy holder passeFuneral Insurance: This type of life insurance policy is geared towards covering funeral costs when the policy holder passefuneral costs when the policy holder passes away.

People often buy this type of life insurance when they've been turned down elsewhere but they want to cover final expenses, such as funeral costs.

Another method is to add up the total bills, such as credit cards, mortgages, car payments, loans and funeral costs, while also estimating and anticipating future bills (the need for a new car, tuition for your children, inflation etc.) If the goal is to simply replace an income, as might be the case when both spouses are professionals, the estimate should be based on the annual income multiplied by the number of years of income that you want the life insurance to cover.

In exchange for the policy owner's designation, the funeral home typically guarantees that the proceeds will cover the cost of the funeral, no matter when death occurs.

«I was paid some life insurance when my aunt passed away which I used to cover the cost of her funeral and burial.»

This means coverage lasts for the entirety of your life and, when you pass away, your beneficiaries will typically just receive a payout large enough to cover the cost of your funeral.

Burial insurance is primarily designed for seniors that want to make sure their family has money to cover the costs of a funeral or pay off a debt when they pass away.

When they receive the payment, it can be used to cover the cost of funeral expenses, unpaid loans or debts such as credit cards or medical bills and any other related costs.

So the million dollars you thought you were leaving for your wife and kids to pay the mortgage, and college tuition, and other expenses when you die, could wind up being barely a few thousand, which may not even cover the cost of your funeral!

Most of us are, and it only makes good common sense to look for the most affordable funeral insurance plan from a reputable insurer when selecting insurance to cover the cost of your funeral.

Regardless of what upfront or hidden costs may arise when planning a funeral for a loved one, it's always smart to have money set aside to cover the expenses.

When the insured passes away, the named funeral parlor or director will claim the policy and use the proceeds to cover the costs of your funeral and interment, whether it is cremation or a traditional burial plot.

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.