Sentences with phrase «expenses upon the death»

As someone who has accumulated assets, you want to protect the assets from fees and expenses upon your death or incapacity.

Even after she uses the entire benefit, she still has $ 10,000 remaining to cover final expenses upon her death.

Mr. Rootin, I just recently made 56 years of age, I am a diabetic on lantus pin an metformin, glipizide i was diagnosed when I was 52 I eat properly I exercise and I have a wife and too kids, I look good body wise for 56 would love to purchase life insurance so my wife does not have to worry about expenses upon my death.

You should consider also that you need to maintain some insurance to cover your last expenses upon your death...

Burial insurance is a modest amount of life insurance coverage used to pay for funeral expenses upon the death of an insured person.

For instance, if the surviving policyholder were a stay - at - home spouse without an independent source of assets, that person would need funds to maintain living and business expenses upon the death of the main breadwinner.

As someone who has accumulated assets, you want to protect the assets from fees and expenses upon your death or incapacity.

Not exact matches

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

He began to struggle for his OWN survival, at the expense of his neighbor, even if this survival could be only temporary (and therefore illusory), since «death reigned from Adam to Moses, even upon those who did not sin as Adam did» (Rom.

Other popular reasons for having life insurance include: Income replacement for dependents; to pay off debt like a mortgage or a line of credit; to create an emergency fund; to cover final expenses incurred upon your death; for estate planning reasons or to leave money to a favourite charity.

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

Since the policy is meant to cover all the expenses of a policy holder's family upon his death the amount of coverage should be decided accordingly.

Upon your death, all your family may need is the readily available cash to pay for funeral, burial, and estate taxes - immediate expenses that could be covered by final expense life insurance.

Upon successfully proving negligence by a motor vehicle driver in a bicycle accident, you may be able to recover payment for all related medical and hospital bills and expenses — including bills for doctor visits, physical therapy, and surgery — as well as compensation for lost wages, pain and suffering, mental anguish, emotional distress, lost earning capacity, permanent impairment, and wrongful death.

John and Margaret each purchased a $ 25,000 whole life final expense life insurance policy to pay for their funeral expenses and 12 months of their mortgage payments upon their death.

In many ways, Final expense insurance works like any other type of life insurance policy in that a premium is paid for the coverage, and then upon the insured's death, the proceeds are paid out to a named beneficiary.

Death benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of inDeath benefits are the way in which annuities and life insurance policies compensate those close to or dependent upon the deceased policyholder for the costs associated with death (e.g. funeral expenses) and potential loss of indeath (e.g. funeral expenses) and potential loss of income.

When you have a final expense insurance policy, a death benefit is paid out to a named beneficiary upon the death of the insured.

Nothing will ever change, and it pays out your death benefit upon passing so your family isn't stuck with your final expenses.

The Greeks and Romans introduced burial insurance c. 600 CE when they organized guilds called «benevolent societies» which cared for the surviving families and paid funeral expenses of members upon death.

Burial insurance is a very old type of life insurance which is paid out upon death to cover final expenses, such as the cost of a funeral.

Death benefit is provided upon the passing of the last surviving partner, at which time the full benefit is paid out so it can be used to cover a number of expenses, including estate taxes

Upon your death, all your family may need is the readily available cash to pay for funeral, burial, and estate taxes - immediate expenses that could be covered by final expense life insurance.

What are the immediate financial expenses that your family may require upon your immediate death?

In this case, the burial insurance will cover death and funeral expenses that are agreed upon in the contract and the term life insurance policy may be used as a payout to the beneficiaries to help provide financial support for living needs, bills, and children's» education funds.

The goal of an ILIT is to ensure funds are available upon your death to cover final expenses and care for your beneficiaries.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

The policy will pay out the set death benefit tax free to your beneficiaries upon your passing (unless you have their Modified plan) which gives them the money to pay for your final expenses.

This type of insurance is generally purchased in order to protect people who are dependent upon your assistance or financial support, providing them with enough money to cover whatever expenses you think necessary in the event of your death.

Many people buy small $ 10,000 to $ 20,000 policies to cover their funeral, burial, and other final expenses that may occur upon death.

This death benefit can cover funeral expenses, mortgage payments, college tuition and living expenses, depending upon the amount of the policy.

While life insurance is usually bought to replace the holder's salary upon death to make sure dependents are taken care of, dependent life insurance is typically purchased to cover funeral and other expenses incurred because of the death of a spouse or children.

The proceeds from the policy provide coverage for your funeral expenses and give your family members an added bit of financial support during a difficult time, or you can choose to support your favorite charity upon your death.

These can include the replacement of income upon the death of a breadwinner, the repayment of debt such as a large mortgage balance, or even the payment of expenses such as a future college education for a child or a grandchild.

Death benefits help your loved ones cover the cost of your funeral and possibly their living expenses depending upon the size of the benefit.

It can be used for many of the needs mentioned so far, to pay off debt or to pay college expenses upon the insured's death, but it lasts a little longer.

That is great but shouldn't we also think about taking care those expenses that will come into play immediately upon the death of a breadwinner.

(A death benefit is a small amount payable upon death for funeral expenses.

In other words, it is used by friends and family to pay off and pay for any expenses that exist or are created upon your death.

There is a cost for burying someone upon their death and according to recent survey of the National Funeral Director's Association the average cost is around $ 8,000 including a funeral, burial, casket, headstone, memorial service, flowers and related expenses.

Health insurers cover medical expenses; Property and Casualty insurers cover risks like accidents, injuries and theft; and Life insurers make a payment to beneficiaries upon the insured's death.

If you don't have a Last Will and Testament upon your death, then these laws decide who inherits your Florida real estate and other personal property, as well as how your creditors are to be paid (like credit card debt, mortgages, funeral expenses, etc.).