Sentences with phrase «debt during the term of the loan»
Thus the borrower does not have to service the debt during the term of the loan.
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Term life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collTerm life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm protection to help pay off a big loan / debt like a mortgage or college.
The family of a diseased policyholder is provided with the assured financial security, in case the insured dies during the policy term and fails to pay off a debt like education loan or even home loan.