Sentences with phrase «expense insurance means»

Not exact matches

Insurance companies say surrender charges are meant to recover their setup expenses when a retirement plan leaves prior to the expiration of their annuity contract period.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

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However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

It should also involve a refundable (meaning it might be larger than your tax liability) tax credit toward insurance for catastrophic healthcare expenses for those without employer - provided plans.

This means that all moms can get these machines for free with no out - of - pocket expense through their insurance companies!

«This means that they pay their tax through self - assessment, rather than PAYE, pay less by way of National Insurance and are able to deduct more generous expenses than would normally be allowable for those who are in employment.»

Renters insurance is meant to protect you against large expenses, like having to replace all of your personal items, meaning that your coverage limit should be a huge consideration.

That means fixed expenses like housing, transportation, food and insurance, and discretionary expenses like the money you spend on dining out, entertainment, travel and personal care.

Another thing to do, although it means a little more expense, is loan insurance.

However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

Instead of «loan life insurance,» why not consider a general life insurance policy, which can provide your family a means to handle any of your remaining debts and expenses when you pass; rather than being applied to only one specific loan, general life insurance can be used for any expenses your family needs.

It means 20 % down payment, 4 - year loan term and your vehicle expenses should be no more than 10 % of your gross income (including loan payment, insurance, gas and maintenance).

That means that if you have a covered loss such as a fire that prevents you from using the apartment for a period of time, your renters insurance in Santa Monica would kick in and cover your additional living expenses like hotel stays.

After accounting for the cost of raising your kids as well as their future college expenses, you have about $ 1.9 million in financial obligations, meaning that you ideally need that amount minus your liquid assets covered by life insurance — so about $ 1.8 million in coverage.

In addition, the limited amount of coverage you can purchase means that guaranteed insurance will typically only cover end - of - life expenses.

Loss of use coverage means you don't have to use your savings for those additional living expenses, so it's a crucial part of North Dakota renters insurance in 2018.

That means that it covers expenses after your personal auto insurance has covered its maximum amount.

A form of life insurance for seniors, final expense insurance is meant to cover any outstanding debts at the end of life.

That means your housing expenses, utilities, food, transportation, and insurance.

Lowering your limits means that the maximum amount your insurance company is responsible will be reduced; again, this can lead to higher out - of - pocket expenses when an incident occurs.

Final expense insurance greatly differs from life insurance in that it is often a much smaller policy, specifically because it is meant to cover your final costs instead of supporting a family or clearing remaining debts.

This means that even if you have renters insurance, your lease can still require you to be enrolled in one of those programs at your own expense if they don't have a copy of the policy.

A type of permanent life insurance usually used by seniors, final expense insurance is meant to cover any end - of - life costs and outstanding debts.

That means the income you get from renting out the property covers all your expenses, including the mortgage, taxes, insurance, maintenance, repairs and a contingency fund.

«Even for parents who have the means to pay for these unexpected expenses, the insurance proceeds can be used to absorb additional costs, such as for family counseling or for unpaid time away from work,» Lynch said.

«For others without significant financial means, the income [from the insurance proceeds] can offset the possibility of going into debt to pay for these various expenses.»

There is a long form of the means test that factors in secured debt payments such as your mortgage and other necessary expenses like medical bills and insurance.

This means our insurance rates — including those out - of - pocket expenses — will not cost us more just because we have a less than perfect credit score.

And not working generally means lower taxes, less need for life insurance, and lower day - to - day expenses.

This means that the additional living expenses the family incurs over and above their normal cost of living are paid by the insurance, up to the policy limit for that coverage.

Deciding whether to purchase this kind of life insurance policy means thinking through your long - term expenses.

That means increased costs for additional living expenses, which could be a heavy burden without renters insurance.

It is also income for all other purposes as well — which means it increases Adjusted Gross Income (AGI) and can impact tax deductions (e.g., the medical expense or miscellaneous itemized deductions) or the phaseout of tax credits (from the American Opportunity Tax Credit, to the phaseout of premium assistance tax credits for health insurance).

«Basically, you want enough coverage to meet your living expenses — meaning mortgage payments, taxes, hydro, food and transportation costs,» says Lorne Marr, an independent insurance broker and founder of LSM Insurance Services in Markinsurance broker and founder of LSM Insurance Services in MarkInsurance Services in Markham, Ont.

«Expenses only» funeral insurance means your family only get a payout for the actual cost of your funeral.

That could mean more credit card debt, or taking out a personal loan to cover an expense that would have been paid for by insurance, if you had visited an urgent care center.

No, it means your insurance will pay for the repair / replacement of your car, and any health expenses and lost income you may incur, if an uninsured motorist hits YOU.

Final expense insurance is a form of life insurance that requires little or no underwriting, which means almost anyone can qualify.

Net Lease Agreements Most of our leases are structured as triple - net leases, which means that besides paying rent every month, the tenant is responsible for the property's operating expenses (taxes, maintenance and insurance).

Consequently, families rely on other means to pay for college expenses, for instance, installment plans, low interest loans from colleges, home equity loans, and insurance loans.

Life insurance is great for covering debt and future expenses, but that doesn't mean people with money can't benefit from it as well.

Almost all other rewards cards only offer secondary coverage which means your automobile insurance is responsible for paying all expenses first and the credit card will cover any applicable expenses after the insurance claim is paid out.

That means that it covers expenses after your personal auto insurance has covered its maximum amount.

Car rental coverage is «excess,» which means that Amex may reimburse the Cardmember only for losses / expenses not covered by plans, such as personal auto insurance or other sources of insurance.

This means your automobile insurance company is required to pay for your medical expenses, wage loss and replacement services due to injuries from a motor vehicle accident, regardless of what or who caused it.

Our goal is to quickly help you to the best outcome, but that does sometimes mean that even though we have an option for a quick settlement, if the settlement is not adequate to cover your medical expenses, or if we feel the insurance company is low - balling you for your settlement, we will encourage you to hold out for a much more significant jury award.

In Shawnoo v. Certas Direct Insurance Co., 1 Justice Garston of the Ontario Superior Court of Justice clarified the meaning of «incurred expenses» for attendant care services within the meaning of s. 3 (7)(e) of the Statutory Accident Benefits Schedule - 2010.

A high deductible means you'll be paying a chunk of your medical expenses before the insurance even kicks in, so if you end up needing a lot of care it could get expensive.

While it is law in Massachusetts to have car insurance coverage that will cover both yourself and anybody else who is injured in an accident — regardless of who is at fault — this does not mean that someone who hits you while being distracted behind the wheel will actually have insurance, or that the insurance payment will be enough to actually pay for your medical expenses.