Sentences with phrase «family cover the cost of funeral»

Final expense insurance is an alternative form of end of life insurance that helps your family cover the cost of funeral and memorial arrangements.

Not exact matches

Expedition leaders reported that there was anger among some guides after the government announced immediate payments of $ 400 to the victims» families to cover funeral costs.

Therefore, the primary value of a Gerber Life Grow - Up Plan is its initial death benefit, since it's sufficient to easily cover the costs of a funeral and counseling for family should your child pass away.

If you simply want to cover your end - of - life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $ 10,000 to $ 20,000 worth of coverage.

Given the average cost of a funeral is around $ 10,000, these policies can be incredibly valuable if your family doesn't have an established emergency fund, or would be put in a difficult financial situation trying to cover burial expenses.

Your family would have trouble covering less than $ 50,000 of costs that you expect at the time of your death (such as the cost of a funeral).

It can help provide support to your beneficiaries, including income from years of lost work, help with your family's financial goals, help in covering the costs of a funeral and burial, etc..

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

Burial insurance is primarily designed for seniors that want to make sure their family has money to cover the costs of a funeral or pay off a debt when they pass away.

If you want the security of knowing you can pay for end - of - life expenses such as funeral costs, as well as covering any outstanding debts so they don't get passed on to your family, guaranteed life insurance is worth considering.

Recovering the money victims and their families need to cover medical expenses, loss of income and funeral costs

In the case of a wrongful death at sea, the victim's family may also be entitled to compensation to cover funeral costs, loss of companionship, and loss of financial support.

However, a personal injury lawsuit can provide victims and their families with the financial help they need to cover hospital bills, rehabilitation expenses, loss of income if victims can not work due to injury and funeral costs.

Family members will also be eligible to recover financial expenses to cover any medical costs, funeral costs, and the loss of financial support of the decedent.

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.

Sometimes, it's the combination of whole and / or term life insurance benefits that can help families cover daily expenses, medical bills, funeral costs and more.

Many term policies cost upwards of $ 50 to $ 200 per month, however the benefits will cover funeral costs, debts and other issues that will at least cause no burden financially to the family.

The purpose of the death benefit will be to cover the costs of the funeral expenses, but also to provide financial support to the family after passing.

The smallest are often used to cover the costs of the funeral itself; large policies act as income replacement to support a deceased's family.

Final expense policies are a smaller amount of permanent life insurance (typically $ 5,000 - $ 40,000) that you can purchase to give your family the protection that they need to cover the funeral and all other related costs.

If you simply want to cover your end - of - life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $ 10,000 to $ 20,000 worth of coverage.

If you want the security of knowing you can pay for end - of - life expenses such as funeral costs, as well as covering any outstanding debts so they don't get passed on to your family, guaranteed life insurance is worth considering.

Funerals can cost upwards of $ 10,000, and many people rely on their life insurance death benefit to help their families cover the cost.

Sure, you'll (probably) be able to cover the cost of a funeral, but life insurance allows you to cover that and provide much more protection for your family.

This gives many people a solid peace of mind, knowing they will not be leaving their family members the financial stress of covering the cost of the person's funeral expenses and burial.

This way you are covered and not at risk of leaving your family with the burden of unpaid funeral costs.

Burial insurance is primarily designed for seniors that want to make sure their family has money to cover the costs of a funeral or pay off a debt when they pass away.

From covering funeral costs to lost wages, a life insurance policy can be one of your family's greatest assets.

Buying life insurance that covers funeral costs, burial fees, and other final expenses will give you peace of mind and save your family a lot of headache.

One way that you can make your funeral costs less of a burden on your family is by investing in life insurance which covers any and all final expenses which might come up.

A good life insurance plan can provide your family with a necessary source of income that can cover funeral expenses and the cost of living.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

Your family would have trouble covering less than $ 50,000 of costs that you expect at the time of your death (such as the cost of a funeral).

Given the average cost of a funeral is around $ 10,000, these policies can be incredibly valuable if your family doesn't have an established emergency fund, or would be put in a difficult financial situation trying to cover burial expenses.

Another type of insurance, bodily injury liability (BIL) insurance, covers medical and funeral costs you, a family member or other covered individual may cause while driving.

Ideally, a prime candidate for a final expense insurance policy would be slightly older considering the minimum age who wants to cover the cost of their own funeral to prevent their family from having the worry.

While many Australians may struggle to find the money to cover the costs of a loved one's funeral, it can be that much harder for those who were sent out to work as teenagers instead of having the opportunity to complete high school, and never had anything handed down to them by their parents or extended family because their family was ripped apart.