Sentences with phrase «funeral expenses upon»

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

Not exact matches

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.

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.

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.

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 income.

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.

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.

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.

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.

Few other expenses such as funeral expense can also get the coverage, but that totally depends upon the insurer and the policy.

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

However, we all now know that life insurance is something that is necessary for every individual who has someone reliant upon them or those who want to provide money for loved ones to pay certain bills, mortgage, medical costs, funeral expenses and burial costs, etc..

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

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 exFuneral Director's Association the average cost is around $ 8,000 including a funeral, burial, casket, headstone, memorial service, flowers and related exfuneral, burial, casket, headstone, memorial service, flowers and related expenses.

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.).