Sentences with phrase «enough life insurance cover»

Dave Ramsey's suggestion is that you should ensure that you have enough life insurance cover to last at least until your kids have headed off to college and / or are living on their own, this could be at least a twenty year plan depending on how many children you have.

Not exact matches

Genworth Financial (GNW), which provides life and long - term care insurance, screwed up a while back when it began selling policies to cover medical expenses in old age: It did not charge nearly enough for them.

Some experts say you should have enough life insurance to cover five to 10 times your annual income (especially if you have a young family), but often that's just a guess.

Tucker recommends having enough cash to cover three to six months of living expenses in an emergency fund, which includes rent or mortgage payments (including property taxes and insurance), utility bills, transportation costs and food.

«You should consider making sure you get enough life insurance to cover paying off the mortgage and continuing to pay for college, and potentially invest in life insurance that would allow your spouse to get a steady stream of income in the future,» said Byron Udell, CEO of Accuquote.com.

As for why the corruption, all the obvious reasons: a) the country's made up of a zillion different historically hostile tribes arbitrarily thrown together as a country by the Brits; b) life is short, there are few official safety nets (e.g., unemployment insurance, pensions), so there are few moral qualms about taking care of your own, no matter what; c) there's not yet any sort of history of democracy, of regulation of profiteering — this is a very young, very capitalist country; d) the outside world and all its wealth provides tremendous incentives for corruption — the amount and indiscriminate nature of foreign aid, the fact that the amount of money that would eventually be paid for, say, a rhino horn dagger will trickle down to paying the poacher enough money to cover his kids» school fees for years; e) the fact that the west encourages the illicitly wealthy in the developing world to hide their loot in western institutions (e.g., Swiss banks).

Make sure you consult with an insurance professional prior to making changes in your policy's premiums., Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policyinsurance professional prior to making changes in your policy's premiums., Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policyInsurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policy charges.

Universal Life Insurance coverage lasts to age 120, provided you continue to pay sufficient premiums or maintain enough cash value to cover monthly policy charges.

This might sound nuts, but there are cases where taxes and liens on a property, combined with the outstanding mortgage and taxes, mean there isn't enough money in the deceased's life insurance policy or savings and investments to cover the difference.

I currently have enough life insurance to cover my townhouse mortgage, but this new home purchase will increase the amount I owe.

A good rule of thumb is to purchase enough life insurance to cover 10 times your income if you have kids under 10 years old (five times your income if you have kids over 10), plus the amount needed to pay off any debts.

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

A simple rule of thumb is that you should buy enough life insurance to cover all major upcoming financial obligations, assuming your family also had access to your liquid assets.

Purchasing term life insurance with coverage totaling your mortgage loan amount plus enough to cover final expenses (personal debt, burial and funeral) is a good start.

Make sure you purchase enough life insurance coverage to cover the amount of the student loan debt.

Frank planned ahead and bought enough life insurance to cover the potential costs of settling his estate, including taxes, fees, and other debts that his estate would have to pay.

Plan ahead — buy enough life insurance to cover the potential costs of settling your estate and to ensure that the assets you leave to your survivors aren't less than you intended

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

What may be sufficient to cover the tax liability today may not be enough down the road, which is why a specific type of permanent life insurance with an increasing death benefit is necessary.

Is my health insurance cover and life insurance enough?

Assuming your assets (ideally, liquid assets) are enough to cover everything from funeral costs to estate taxes to your loved ones» future cost of living, you can consider passing on the purchase of a life insurance policy.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

Guaranteed life insurance used to be called «burial insurance» — basically, get enough coverage so any costs associated with your death are covered.

If you're just looking to cover your mortgage or until your child is old enough to be living on their own, you can choose term life insurance that lasts this amount of time, either until the child is old enough for independence or to cover the duration of your mortgage.

Burial Insurance: A life insurance policy designed to provide just enough insurance to cover funeral and burial Insurance: A life insurance policy designed to provide just enough insurance to cover funeral and burial insurance policy designed to provide just enough insurance to cover funeral and burial insurance to cover funeral and burial expenses.

If the value of your business has recently changed (the purchase of a new building, inventory or equipment), be sure your life insurance limits are set high enough to cover business debts that your family could be held responsible for when you die.

Life insurance is often purchased in amounts sufficient to cover the loan amount of a mortgage so that if you die, your beneficiaries will have enough money to pay off the balance.

Make sure you each have enough life insurance to cover the loss of your individual financial contributions if one of you were to die unexpectedly.

This may not be enough to maintain your family's present standard of living; if you are unsure please contact a financial adviser who will help you decide on the appropriate level of life insurance cover for your personal circumstances.

A life insurance policy naming her as your beneficiary could give her enough funds to cover your share of the mortgage, or perhaps to pay off the entire debt.

Make sure that both of you have enough life insurance to cover the loss of your individual financial contributions if one of you were to die unexpectedly.

If you purchased life insurance before having children and only purchased enough to cover the mortgage, but not the costs of raising a child or college tuition, it might be time to consider purchasing more coverage.

For example, say you purchased enough life insurance to cover your mortgage — as you made mortgage payments, the outstanding loan, and therefore your coverage needs, would decrease.

Independent of your profile for final expense life insurance, it is widely accepted that you should have enough insurance to at least cover your final expenses.

Kathy and her husband, Joe, bought a new house so they decided to check if the life insurance and income protection insurance they had through their super funds were enough to cover the mortgage repayments if either of them died or couldn't work anymore.

So I'm basically being forced to turn down the opportunity to make an awesome wage (the garlic - we'll only ever live off his income so if I have a bad farm year no big deal - just save during the good years, and his will be enough to cover the requisite monthly expenses mine would be retirement, health insurance (his work ins was $ 1,800 per month so we couldn't do it), kids» college, paying off that mortgage asap so we could be truly debt free (aside from the PLSF, but that will be gone eventually too, or if I get enough from a great harvest pay it off then), etc..

If you live in an area of increased risk it is important that your home insurance covers these events and that you have enough insurance (sum insured) to rebuild or have a total replacement policy.

One such way would to have enough of a life insurance policy that it would cover any debts that fall to your heirs after you pass.

Term life insurance can replace your earned income until your family has saved enough money to cover monthly expenses or loan repayment on your student loans, home mortgage, or credit cards.

If you would like your child to be able to go to college, you can buy enough life insurance to cover the cost of their education.

If you don't have life insurance, you should at least have enough of an emergency fund to cover funeral expenses or the basic necessities in case something happens.

You need enough term life insurance to replace your income, pay off your debts and cover future expenditures.

With respect to life insurance I think you need enough to cover your expenses and to make life comfortable for any dependents.

As a single parent consider getting enough life insurance to cover your income, childcare, future education expenses, and your final expenses (your debt and memorial service).

If you have a large mortgage or student loans and want those bills taken care of should something happen to you, you'll need a life insurance policy large enough to cover them and replace your income.

Employee coverage may be enough if you only want life insurance to cover minimal expenses like funeral arrangements or a few bills.

When buying term life insurance, it's important to purchase enough coverage to ensure your family has the money it needs to cover funeral costs and to maintain their current standard of living.

Burial Insurance: A life insurance policy designed to provide just enough insurance to cover funeral and burial Insurance: A life insurance policy designed to provide just enough insurance to cover funeral and burial insurance policy designed to provide just enough insurance to cover funeral and burial insurance to cover funeral and burial expenses.

It's common to buy enough life insurance to replace your after - tax income until your children turn 18, plus an additional amount to cover education expenses or debts.

Assess the funds you have in place combined with your employer - sponsored life insurance policy to ensure it's enough to cover your family's needs.