"Financial devastation" refers to extreme and severe financial losses or damage that can leave someone or an organization in a state of great distress, ruin, or hardship. It means a situation where someone's financial stability or well-being is completely destroyed or ruined.
Full definition
Reduce Your Debt Level The most common reason for financial emergencies
causing financial devastation is a high debt level when the financial emergency occurs.
Individuals buy term insurance so they have protection in place during key periods in which their loved ones would experience the most
financial devastation if the provider were to die prematurely.
Most importantly, find family cheap rates term insurance plan can preserve you from
financial devastation in case of disastrous illnesses.
In addition, you will be provided with the peace of mind that, should you experience such an event, you have the protection you need
against financial devastation.
Having health insurance can protect families from
financial devastation when a child experiences a serious or chronic illness and can help children remain healthy, active and in school.
Here is the short answer: Critical illnesses
cause financial devastation to millions of individuals and families (even those with health insurance).
A successful medical malpractice claim could allow Boyle's parents to
avoid financial devastation caused by allegedly substandard medical care.
It takes just one unexpected mishap, like a major fire or a liability lawsuit, to cause
enough financial devastation to your business that you may find yourself forced to shut its doors for good.
According to William Donaldson, a certified financial planner and a certified divorce financial analyst, a failure to budget is one of the costly mistakes a person can make in a divorce settlement that can create
financial devastation after the divorce.
«It's going to be
financial devastation not only for the existing operators but eventually for the new ones,» he said of the state's plan to double the number of licensees.
In 2014, 119 natural disasters struck the U.S., damaging property near and far and causing
financial devastation for many small businesses.
At the same time, you don't want to go without coverage — not only because this might be in violation of the law but also because it exposes you needlessly to
potential financial devastation.
Term life insurance is great for those that want to financially protect their loved ones for a certain period of time when you feel your family would experience the
most financial devastation if you were to die.
People that have high debt levels are more susceptible to
financial devastation due to a single adverse event because they do not have the finances available to weather the storm and their access to additional credit is limited.
Fortunately, residents of this state are able to protect themselves from
financial devastation through the purchase of a Wisconsin flood insurance policy.
But if a natural disaster or unsafe situation forces your Carmel business to shut its doors, you could see
serious financial devastation with days or weeks of lost profits.
Since Colorado is the 11th highest state in the country to see
such financial devastation, your Aurora business needs proper protection.
While temporary disability benefits do not completely replace a worker's lost earnings, they may help them
avoid financial devastation in the event of a serious injury that results in weeks or months off work.
At the same time, you know you need a quality renters insurance policy to protect you against
financial devastation in the event of a catastrophe, like a burglary, fire, volcanic eruption, or what have you.
Credit card and personal debt is at an all time high in many areas of the nation and more and more people are discovering that they are
facing financial devastation if they do not begin to reduce their debt levels.
Just one unexpected mishap, such as severe damage from a fire or a lawsuit because of an injury, has the potential to cause
enough financial devastation to your business that you may find yourself forced to close your business for good.
It has always struck me that those who dismiss climate models are so certain about the predictive power of economic models forcasts of
financial devastation when their track record is, to put it charitably, less than robust.
Given the wide array of products that are offered by Aflac, consumers can be protected from a great deal of
financial devastation if the unexpected occurs.
At the same time, you don't want to go without coverage — not only because this might be in violation of the law but also because it exposes you needlessly to
potential financial devastation.
Term life insurance is great for those that want to financially protect their loved ones for a certain period of time when you feel your family would experience the
most financial devastation if you were to die.
Fortunately, an umbrella insurance policy can help residents of Washington, DC get extra insurance so that large liability verdicts and legal defense fees do not
cause financial devastation.
It is important that residents of Montana review their coverage to ensure that they are properly covered in amounts that are sufficient to keep them
from financial devastation in the event of a total loss caused by a twister.
Getting divorced No one plans on getting divorced, but most of us underestimate
the financial devastation it can cause.
None of them predicted
the financial devastation that occurred in 2007 - 09.
The financial devastation today is even more devastating than military destruction.
The threats are always the same: spiritual, relational, and
financial devastation and destruction.
Staying married prevented these couples from experiencing
the financial devastation that often accompanies divorce, and it was also a win for children, other family members and friends.
A livery driver facing financial ruin killed himself in front of City Hall to protest
the financial devastation wrought by ride hailing services like Uber.
A recent investigation released by the organization reveals the staggering proliferation of online dating scams and
the financial devastation left in their wake.
As we already mentioned, many in the millennial generation saw or suffered firsthand
the financial devastation caused by the 2008 financial crisis.
Insurance should generally be used to protect against risks that although unlikely, could cause
financial devastation.
It is very valuable in some key areas to help avoid
financial devastation but can also be a drag on your ability to get out of debt and grow wealth if the wrong plans are purchased.
Quotacy's goal is to help those stuck shoppers get life insurance so they no longer have to fear that their loved ones will face
financial devastation should they die prematurely.
But
the financial devastation experienced during busts has left many skeptical of whether the booms are worth the price that is paid for them.
There are a number of different insurance products available for purchase today that can increase financial security and ensure that
financial devastation will not occur in the event of the unexpected.
Fortunately, a Carrollton homeowners insurance policy coupled with an NFIP - backed flood insurance policy will protect you from
the financial devastation these disasters can bring.