Sentences with phrase «covering debt obligations»

Term life insurance policies are also good for covering debt obligations that are for a set amount of time.

If you've invested wisely, the rent payment should cover the debt obligation you may have on the property (i.e. mortgage), as well as any repairs and maintenance that are needed.

Not exact matches

France - born Mark Karpeles said he had tried to save the bankrupted exchange by using a kind of automated computer software called a «Willy bot,» also described as an «obligation exchange,» to help cover its rising debts by pushing bitcoin values higher.

However, if your monthly income barely covers your minimum debt obligations, even if you have a good credit report, you will not receive the lowest available interest rate.

Bonds refer to debt with a maturity of 10 years or more, while notes are issued for terms of two to seven years and bills cover obligations that are payable in a year or less.

This is a comparison between the amount of money you make each month, and the amount you spend to cover all of your debt obligations.

You have no obligation to pay your folks» bills post-mortem, although if you've co-signed any loans or own property with them, you could be on the hook if there's not enough money in the estate to cover their debt, says Sandra Foster, financial planner and author of You Can't Take it With You.

SoFi also wants to see strong monthly cash flow that is sufficient to cover your life expenses and any other debt obligations.

The back - end ratio shows what portion of your income is needed to cover all of your monthly debt obligations, including your student loans.

After your death, it's unlikely that your family will be able to cover the debt service on those obligations.

The percentage of gross income needed to cover monthly payments for housing and all other debts and financing obligations.

Bankruptcy discharge is the last step in your bankruptcy and what eliminates you from any further obligation for the debts covered by your bankruptcy.

A cosigner's income will need to be sufficient to make the student loan debt payments, as well as covering their own debt obligations.

The aid package includes a bond exchange involving banks, insurers, and other debt holders that is meant to help cover Greece's funding needs into 2014 and keep the country from defaulting on its obligations.

Because term insurance expires, it is usually used to cover debts and obligations that will be paid off over time, such as mortgage payments or a business loan with a personal guarantee.

Disability insurance payments can help you continue covering your living expenses and financial obligations, so you won't have to dip into your emergency fund or 401k, or rack up credit card debt.

«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.

Couples buy life insurance for a variety of reasons, including covering existing and anticipated debts and financial obligations as well as providing an income and / or inheritance for dependents in the event of the death of one or both of the spouses or partners.

If this debt or financial obligation will be paid in just a few years, ART is a good idea because you will only remain covered for the time you need.

Short term obligations and debts can be covered by a five year term life insurance policy.

However, if you need life insurance to cover a shorter term need, such as a business debt obligation, a lower cost 10 year term policy could do the job.

Possibly your financial obligations are no longer an issue or you have saved up enough money to cover these debts yourself.

Death benefit proceeds can be used to help cover funeral costs, offset long term care and medical expenses, and satisfy any remaining debt obligations.

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

That's why you should choose the right cover amount on the basis of your current lifestyle, family's need, your future obligations, income, loan and debt.

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.