Sentences with phrase «earning spouse passes»
If a higher - earning spouse passes away, the widow or widower can opt to get the Social Security benefit of the deceased, instead of their own.
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A lot of people in their 60's get a small final expense policy to cover their burial costs and a 10 year term policy to get them passed these critical income earning years where your untimely passing would have a significant impact on your loved one's, ie your dependent spouse or children.
If the breadwinner of a family passes away, most spouses who remain and other remaining family members can often earn enough money to provide for the family without sacrificing their currently lifestyle, if the mortgage is paid off.