Sentences with phrase «covering funeral»

Having life insurance during retirement is important for covering funeral cover for over 80 expenses.

Determining how much final expense insurance or burial insurance is needed for covering funeral costs will depend on several factors.

Guaranteed life insurance is best for individuals who are over 50 years old and are looking for acceptance no matter their health issues to assist in covering their funeral expenses and outstanding bills after they pass away.

If this is the case, we suggest purchasing a life insurance policy with a death benefit covering your funeral expenses and a sum equal to your annual salary.

Benefits can range from covering funeral costs to paying for higher education for your children and mortgages.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

From covering funeral costs to lost wages, a life insurance policy can be one of your family's greatest assets.

Since you can choose how much coverage you need and there's a short medical exam, a guaranteed universal life insurance policy will be your cheapest option for covering funeral expenses.

It is solely about covering funeral costs and medical bills at a heartrending moment.

In fact, a significant part of the life insurance industry is geared towards covering the funeral expense of loved ones who pass away.

This means that 100 percent of the amount can be used for financial needs such as paying off debt, covering the funeral and other final expenses of the insured, and / or for the payment of ongoing living expenses by the insured's survivors.

This means that 100 percent of the amount can be used for financial needs such as paying off debt, covering the funeral and other final..

This insurance is well suited for protecting goals such as paying off a loan and / or covering funeral expenses and provides customers with the opportunity to apply for coverage, receive an underwriting decision, and if approved — purchase the policy on the same day at an agent's office.

While covering funeral expenses is a huge problem families face right away, it's only a temporary hurdle.

In addition to covering their funeral - related expenses, many people will also include the possibility that they may have final medical expenses, too.

People purchase life insurance for many reasons, most of which deal with covering funeral expenses, leaving behind legacies, or paying off debts.

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

It can provide for children and spouses while replacing lost income, paying bills, funding education and covering funeral and final expenses.

Since you can choose how much coverage you need and there's a short medical exam, a guaranteed universal life insurance policy will be your cheapest option for covering funeral expenses.

In addition to covering funeral and burial expenses, seniors often use them to leave a legacy gift to a loved one.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

Recipients will have full discretion on how to use the money — such as covering funeral costs, medical bills and counseling.

Many policies cover funeral costs, and they can also work as a bridge in case a spouse dies and there's a need to adjust to a reduced income level.

The federal agency helps cover some funeral and burial expenses for disaster - related deaths, or to rebury cadavers and repair graves that were disturbed during a storm.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

That's usually enough to cover a funeral, and most employers will give grieving parents time off with pay.

Jack's mother and his wife no doubt found solace in the kind words and in the money collected from the Iowa State community — «to express in a material way the sympathy of the college» — $ 2,259, that covered funeral expenses, paid off Anna's mortgage and provided both Anna and Cora Mae with a little nest egg.

He also traveled to Rome to cover the funeral of Pope John Paul II.

Expedition leaders reported that there was anger among some guides after the government announced immediate payments of $ 400 to the victims» families to cover funeral costs.

They can say that they have something to cover funeral expenses, even if it costs an arm and a leg.

This means your beneficiaries may receive a large enough payout to cover your funeral, other end - of - life costs and potentially a small loan.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

Term life insurance is often purchased to cover funeral expenses, mortgage and debt payoff, college education costs, and as income replacement.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

Final expense insurance is a type of life insurance that is designed to cover funeral costs and other end - of - life expenses, though the death benefit technically can be used for any purpose.

Yes, life insurance can help cover funeral expenses.

Yes, a life insurance payout can be used to cover funeral and burial costs, medical bills and other end - of - life expenses.

In most cases the rider is enough, but McKeown has seen some people take out a stand - alone policy for $ 50,000 on their kids to cover funeral expenses and a few months off of work.

While this is certainly enough to cover a funeral and minor debts, it is likely not be a large enough death benefit to cover your mortgage.

This payment can allow parents to take time off work to grieve, and to cover funeral expenses, among other costs.

Would your spouse have enough money to cover funeral costs and debts?

They fear that those who depend on them for support - their dependents - will not have enough income to cover funeral, housing and living expenses.

You should at least get a $ 10 - 15,000 plan to cover funeral costs and other expenses your parents / whoever get left with your estate in the case you die may incur in the process.

Rather than taking a flat payout amount, take enough of a policy only to cover the specific needs you expect - for many people, this is defined by the amount needed to cover funeral expenses only + possibly their outstanding mortgage balance.

A $ 20k payout would likely be far more than enough to cover funeral expenses, but may not be enough to set up your family to subsist without you as a sole provider.

The biggest need I found was folks wanting a whole life policy just enough to cover funeral expenses because they didn't think they would live the 10 years or so it took to pay in as much as the policy would pay out at death.

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).

Whether you need life insurance to cover your funeral or want to make sure your spouse is supported in retirement, you can typically find the coverage you need at affordable rates.

He purchased it mainly to cover his funeral costs and mortgage so his wife would not be left covering these expenses by herself if John dies prematurely.

If peradventure the accident victim dies, your liability insurance covers the funeral expenses.