Sentences with phrase «final life insurance payment»

Not exact matches

Whole life insurance can pay for final expenses or help your family with day - to - day financial commitments like a mortgage, debt payments and medical bills.

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

If you're going to buy a final expense insurance policy, but you still have a mortgage payment, then these plans will not offer you enough life insurance.

The benefits of Whole Life Insurance include cash value, dividend payments, secured asset for loan collateral and cash payment for final expenses, such as burial costs, estate and probate taxes.

Final expense life insurance, also known as burial insurance, can provide cash to beneficiaries for paying off these costs quickly — without the need to dip info savings or other assets in their quest for finding payment.

Now, although life insurance still works in the same manner, policies are oftentimes purchased for certain purposes, such as for paying off one's mortgage, the funding of a college education, or the payment of final expenses.

Final expense life insurance can be used to make sure the mortgage payments are made for 12 months, 18 months, 24 months, (or longer).

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.

Having a final expense life insurance policy can help to ensure that your loved ones will not need to worry about the payment of funeral or other related costs — especially during an already difficult time in their lives.

Guaranteed life insurance for cancer patients is the most commonly purchased for final expenses, as the benefit can't be taken away for as long as the insured lives, so long as they make their payments.

Senior Life Insurance Company offers a wide range of easy - to - understand products for the payment of final expenses.

In many ways, Final expense insurance — which is also oftentimes referred to as funeral insurance or burial insurance coverage — works like most other types of life insurance in that, in exchange for a premium payment, a death benefit will be paid out to a named beneficiary (or beneficiaries).

While you may already have a certain amount of life insurance in place for your other needs, such as mortgage payoff, the replacement of ongoing income, or even for the payment of estate taxes, the payment of final expenses is yet another cost that you may not have factored in.

While many people believe that advanced age is a reason to drop life insurance, needs such as final expenses, estate tax payment, and income replacement for a surviving spouse are all situations that make this important protection even more essential during this time in a person's life.

One reason for this is because the proceeds from a life insurance policy may be used for numerous needs, including the payment of debt, the continuation of ongoing living expenses of the insured's survivors, and / or the payoff of the insured's funeral and other final expenses.

This is because the proceeds that are received from life insurance coverage can be used for any number of different needs — from paying off large debts, paying for the insured's funeral and other final expenses, and / or for the payment of ongoing living expenses.

The proceeds from a life insurance policy can be used for a multitude of purposes — including paying off big debts, the payoff of an insured's funeral and other final expenses, and / or for the payment of loved ones» ongoing living expenses in the future.

The company offers term, permanent and final expense life insurance, as well as a wide variety of riders, saving components and payment options.

If you were to die unexpectedly, your whole life insurance policy could help the beneficiaries pay for thing such as final expenses, medical bills, living expenses, mortgage payments, and other debts.

The payments, a percentage of your life insurance amount, get added to your final savings amount.

If you're going to buy a final expense insurance policy, but you still have a mortgage payment, then these plans will not offer you enough life insurance.

Even if you don't have anyone who is dependent on you financially, the proceeds from a life insurance policy could be used for any number of purposes, such as the payment of funeral and other final expenses, and / or the continuation of a business that is owned.

Insurable interest means that you want to buy life insurance so that as the adult child, you will not be burdened with debt, outstanding payments and final expense costs after the passing of your elderly parents.

One reason for this is because the proceeds from a life insurance policy can be used for numerous needs — including the payoff of debts and ongoing living expenses of survivors, as well as the payment of estate taxes and / or final expenses.

The benefits of Whole Life Insurance include cash value, dividend payments, secured asset for loan collateral and cash payment for final expenses, such as burial costs, estate and probate taxes.

If that's not enough, final expense or burial life insurance policies normally have really flexible payment plans.

Insureds will invest considerable sums in life insurance policies only to have their coverage lapse during their final days because they missed one premium payment.

That is because the proceeds from life insurance coverage can be used by loved ones and survivors for any number of different needs — including the payoff of debt, the payment of ongoing living expenses, and / or the payoff of the insured's funeral and other related final expenses.

For example, the funds that are received by a beneficiary from life insurance can be used for paying off large debt such as a mortgage or credit card bills, the payment of funeral and other final expenses, and / or for the payment of ongoing living expenses by survivors.

One of the biggest reasons why someone who is elderly needs life insurance coverage is for the payment of funeral and other related final expenses.

The proceeds from a life insurance policy can be used for any number of reasons — including the payoff of large debts, the replacement of ongoing living expenses, and / or the payment of funeral and other final expenses.

Many final expense life insurance policies are offered at a lower cost than more traditional forms of life insurance coverage — and final expense plans can allow the policy holder to make affordable monthly or annual premium payments.

This is because the proceeds from life insurance coverage can be used for a variety of different needs of one's survivors — including the payoff of large debts, the payment of the insured's funeral and other final expenses, and / or for the continuation of ongoing living expenses so that lifestyle does not have to be drastically altered.

If you purchase final expense life insurance early enough in life, and your dividend payments are high enough, you may be able to have your dividend payments cover your cost of insurance and you may not need to make additional payments.

Two final things to take into account when making a life insurance calculation: First, the payment your beneficiaries receive is tax - free, so you can use your after - tax (take - home) pay to calculate your income replacement needs.

Known as «AssetGuard», the final expense whole life insurance policy from NGL is available with several payment options depending on whether you want to pay everything up over single premium, three, five, seven, or ten years.

Like normal whole life insurance plans, United Home Life's Simplified Issue Final Expense Whole Life Insurance will remain valid your entire life (so long as you have made or continue to make necessary paymenlife insurance plans, United Home Life's Simplified Issue Final Expense Whole Life Insurance will remain valid your entire life (so long as you have made or continue to make necessary pinsurance plans, United Home Life's Simplified Issue Final Expense Whole Life Insurance will remain valid your entire life (so long as you have made or continue to make necessary paymenLife's Simplified Issue Final Expense Whole Life Insurance will remain valid your entire life (so long as you have made or continue to make necessary paymenLife Insurance will remain valid your entire life (so long as you have made or continue to make necessary pInsurance will remain valid your entire life (so long as you have made or continue to make necessary paymenlife (so long as you have made or continue to make necessary payments).

This plan is different from normal «whole life insurance», however, because the death benefit is only intended to cover final expenses, and possibly a few months of mortgage payments while your relatives are still grieving your death.