Sentences with phrase «earning member of the family»

It is for people who are the sole earning member of the family with various financial burdens and those who have dependents.

And for the right reasons, they are after all the core earning member of the family with spouse and dependent parents.

You might be the single earning member of a family which constitutes wife, 2 kids and old aged parents.

The chosen term plan should be such that it should allow the family to maintain the lifestyle they are used to even in the absence of the primary earning member of the family.

If an income earning member of a family passes away, but the family no longer needs that income to support their lifestyle, chances are they do not need any life insurance coverage.

Is your spouse / father earning members of your family?

This is another misconception amongst policy seekers that a health insurance policy is needed only for the main earning member of the family.

The era when men used to be the sole earning member of a family has long gone.

In the event of your death, especially if you are the only earning member of your family, you would like to ensure that your family is financially taken care of.

If you are a single earning member of your family and your family has a history of critical illnesses, a cover of more than Rs 10 lakh will be required.

For this reason mortgage insurance presents an affordable way for income earning members of a family to erase what is usually the biggest source of debt for the survivors.

Other myths that people have due to low awareness of this category are - «Life insurance is not affordable», «I am Single, I don't need life insurance», «It's for older people», «It's only for earning members of the family» and many more.

While that wasn't a big problem as he is young, yet diversification is crucially necessary, as he is the only bread - earning member of his family right now.

In a lot of cases, they are the sole earning member of their family and run their household completely on their own merit.

Mr Rahul Verma, 35 years old IT professional, is a happily married man and the only earning member of a family of 5 members.

He is the primary earning member of his family and wants to protect his family from any eventuality, since his wife and young daughter are financially dependent on him.

He is the single earning member of his family and is having responsibilities, so he wanted his family to be financially protected in his absence also.

Is your wife an earning member of your family?

If you are an earning member of your family, do buy a Term plan at the earliest.

If both you and your spouse are earning members of the family, you can decide to apply for a joint loan.

Dear Suraj, Is your wife an earning member of your family?

Is your wife an earning member of the family?

Dear Harish, More than the age, we need to look at two important factors — 1) If an individual is an earning member of the family, he / she has to buy a term plan irrespective of the age profile.

Dear Shivaraj, If your spouse is not an earning member of your family, life cover is not essential.

Is your spouse an earning member of your family?

You as a bread winner and earning member of the family should have sufficient life insurance cover, so that if any unfortunate event happens, your family can claim the insurance monies and can continue the same standard of living.

May I know if your wife is an earning member of your family?

Dear Rajesh, If your spouse is not an earning member of the family, and if no family member is financially dependent on her, she may not require life insurance.

An earning member of the family has to buy an adequate life cover so that in any unfortunate event, his / her family members can continue same standard of living and also can meet future long term goals (if any).

When the earning member of the family suddenly passes away or is confined to bed for recuperation, the family can suffer untold misery without an income.

In the case of life insurance policies, such an event is the untimely death of an earning member of the family, resulting in loss of future income.

The best way to buy protection against such financial loss is to buy an insurance policy for an earning member of the family such that the risk cover (or sum assured) is as high as possible for the lowest amount of premium payable.

Your death, being a sole - earning member of the family, can be a calamitous loss and make it difficult for your dependents to move on with their lives in the same way as before.

Are you the earning member of your family?

Critical illness rider It is suitable for everyone, especially if the policyholder is the sole earning member of the family.

Instead, it should be bought in the name of the earning member of the family.

If you are the only earning member of the family, critical illness can push your savings down south.

Is he an earning member of your family?

Life Insurance, thus, provides for financial security of the survivors upon unfortunate death of the earning member of the family.