Sentences with phrase «expense insurance policy pays»

When you're making arrangements, make sure to ask about this and don't assume that the funeral home will accept this sort of payment method; some funeral homes require payment upfront and won't wait until the final expense insurance policy pays out.

Not exact matches

If you are diagnosed with a critical illness or get into a serious accident, there's a good chance that your health insurance policy will deny certain claims or only partially pay for health care expenses.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sumInsurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or suminsurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

Medical care expenses are a big category, and you should check out the IRS list of what qualifies, such as fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists and nontraditional medical practitioners, as well as insurance premiums you paid for policies that cover medical care or for a qualified long - term care insurance policy.

Gap insurance is a supplemental health insurance policy that helps you pay for out - of - pocket costs associated with your healthcare expenses.

With a long - term care insurance policy, you pay a premium and receive benefits when qualified expenses occur.

Taking money from your retirement account or tapping the cash value of your life insurance policy to pay bills or living expenses may have serious implications you haven't considered, so try to get advice from an expert before you take any major financial actions.

When each party and / or their policy pays their own expenses from a shared loss for which someone is responsible, both business costs and the cost of insurance are driven up drastically and immediately.

While some elements of homeownership, such as mortgage interest, may be partially tax deductible, the premiums you pay for a home insurance policy are treated similarly to any other personal expense related to your home, such as a utility bill.

Guaranteed issue life insurance policies are designed so that surviving loved ones can pay for your final expenses, such as a funeral, burial, and medical bills.

The proceeds from a life insurance policy can be used to help pay for funeral costs and final expenses.

The LTD insurance policy helps the insured pay off their medical bills and other expenses and bills when they are unable to work due to covered claims.

Liability coverage is the part of a home insurance policy that may pay court costs or other expenses if you're found responsible for an accident, such as someone drowning or suffering a serious injury after doing a cannonball into the shallow end of your pool.

To illustrate, the XYZ insurance company might have last year bought a policy obligating us to pay the first $ 1 billion of losses and loss adjustment expenses from events that happened in, say, 1995 and earlier years.

Funeral expense insurance is an insurance policy that pays the costs associated with your funeral.

If you are older or have a serious health condition and want to help your loved ones pay for funeral or final expenses, a no medical exam life insurance policy may help give you peace of mind.

Mortgage payment, credit card debt, funeral expenses, these are all things that a term life insurance policy could help pay for if something happened to one of you.

Furthermore, a homeowners or renters policy pays for living expenses — such as hotel bills and restaurant meals — if you're unable to live in your home if it's been damaged or destroyed in a tornado, says Loretta Worters, a spokeswoman for the Insurance Information Institute.

If you want permanent insurance and also want the ability to use the cash value to invest in the financial markets, you'll likely have to pay more in policy expenses.

If you had a renters insurance policy, it would pay for a hotel as well as your additional living expenses.

A renter's insurance policy will also cover injuries to visitors of the property and typically pays for any additional living expenses incurred by having to temporarily vacate the rental property.

When a loved one passes away, the insured's life insurance policy can provide a death benefit that helps family members to pay for medical payments, end - of - life expenses and funeral costs.

The basic features of the long - term care policy include the following: Elimination Period: The elimination period functions like an insurance deductible, during which time the insured pays for medical expenses.

If it is necessary for you to move into a motel or apartment temporarily because of damage caused by a peril covered in your policy, your insurance company will pay an amount up to 20 % of the policy limit on your dwelling for these expenses.

Life insurance policies can also help pay for living expenses, like mortgages, bills and other costs.

Your beneficiaries can choose to use the proceeds from a life insurance policy to pay for your final expenses.

On an auto insurance policy, a deductible is an amount you must pay out of pocket before an insurance company will pay any expenses.

In most cases, life insurance policies are purchased to replace lost income and pay for funeral and memorial expenses if you or your spouse dies.

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

Some funeral homes require payment up front and will not wait until the final expense life insurance policy pays out.

Fortunately, the cost to add additional liability insurance to your policy is relatively inexpensive, and well worth the expense, if you ever have to pay out on a claim.

Like all insurance policies, you pay in small amounts of money over time, to cover larger future expenses.

In any case, it is important to note that with the PlanRight final expense whole life insurance policy, regardless of the insured's health condition, provided that the premiums remain paid, the coverage will never be cancelled by the insurance company.

For example, if you were to have enough cash value in your policy, you could use it to help pay for educational expenses or even pay your insurance premiums.

This important whole life insurance policy is typically purchased to cover the cost of a funeral and burial and, sometimes, other expenses that must be paid to close an estate, such as credit cards and other types of small loans or bills.

People, especially senior citizens, are increasingly gravitating towards selling their life insurance policy so that they can live out the rest of their golden years in financial peace, without having the constant stress about paying their medical expenses.

If you can afford the additional out - of - pocket expense that a $ 500 or $ 1,000 deductible would require, the premiums you'd pay for your San Angelo Insurance policy could be as much as 25 % less than you'd pay in a policy with a lower deductible.

insurance premiums where, under the policy, your loan will be paid out in the event that you die, become disabled or unemployed (this is a private expense)

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.

In this situation, consider having your children own the life insurance policy, because, if the parent (s) become institutionalized, the cash value of this policy will be includable in their assets and may have to be withdrawn, or the policy surrendered in order to pay for long - term care expenses.

No one wants to think about their own mortality, but if you have a family that depends on your income to pay day - to - day expenses, then buying a term life insurance policy could be smart.

An indemnity insurance policy can help you pay for those living expenses.

While providing for this can be accomplished with permanent life insurance, proceeds from a term policy can also be used to pay for these expenses.

Therefore, should the insured person pass away when the insurance policy is in force, the named beneficiary will receive the proceeds for the purpose of paying the insured's final expense costs.

For example, if you have a $ 15,000 burial insurance policy and funeral expenses came in at $ 10,000, your beneficiary might choose to use the additional funds to pay for other final expenses such as outstanding medical bills, legal costs, or any other outstanding debts you may owe.

«A lot of people buy term insurance early in their lives when they may not have the cash flow to pay for a permanent policy, but as their income improves or expenses go down it may make sense to convert the policy.»

Most permanent life insurance policies allow you to take partial withdrawals or policy loans to pay for health care and other expenses.

In addition to using the proceeds from a life insurance policy to continue paying living expenses, these funds can also be used for paying off debts of the insured, as well as for paying his or her funeral and other financial expenses — which today can exceed $ 10,000.

One of the primary goals of your life insurance policy is to help your dependents pay off any expenses that you leave behind, like your mortgage, funeral expenses, medical bills, student loans, and many other debts.