Sentences with phrase «in covering the costs 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..

Not exact matches

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

I had to immediately (not in 2 - 3 days) cover 50 % of the entire costs of the 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.

In addition, the lower monthly premium allows people living on a fixed income to still have some kind of life insurance in place to cover the costs of funeral arrangementIn addition, the lower monthly premium allows people living on a fixed income to still have some kind of life insurance in place to cover the costs of funeral arrangementin place to cover the costs of funeral arrangements.

These policies provide the added resources to cover the full cost of a funeral without leaving your loved ones in debt because of your passing.

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.

In order to cover the costs of an average funeral, you'd have to pay more than $ 200 a month for around $ 10,000 of coverage.

Included in these benefits is a fixed amount available to cover the costs of a funeral.

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.

In cases of serious injury that cause a fatality, compensation may be awarded to those dependent on the deceased, for the loss of their financial, as well as things like expenses to cover funeral costs.

Disadvantage: Risky, if the senior passes away in the first few years there will not enough money in this account yet to fully cover the cost of a funeral.

If you and your passengers become injured in an accident regardless of who caused it, «no fault» or personal injury protection will cover medical care, funeral costs, and lost income due to missing work while recovering.

And though some insurance companies try to promote plans that require no life insurance exams, bear in mind that most of these claims would only cover limited expenses such as funeral costs and a cash benefit of around $ 50,000.

For example, if you and your parent (or parents) have a goal of covering most or all of their anticipated costs with a final expense policy, then it can be a good idea to contact several different funeral homes in your area (or in the area where your parents plan for their final interment) and ask how much the various services cost.

Your loved ones will want to give you the best funeral possible as a tribute to your life, however, even the most basic of funerals will cost in the region of $ 5,000 and, although Social Security pay a death benefit to the surviving spouse of $ 255, this is nowhere near enough to cover the complete cost of a decent funeral.

Personal injury protection insurance will cover all reasonable and necessary medical costs, funeral and burial expenses, up to $ 20 a day for services you can not perform for yourself, survivors» benefits and replacement services (paid to dependents in the event of death), and a maximum of $ 4,400 per month for lost wages, for up to three years.

If the insured dies as a result of accident related injuries, this protection will cover a portion of the funeral costs regardless of who was at fault in the accident.

It's worth noting that this insurance policy does not cover the policy holder OR their passengers in the event of an accident; simply put, it covers the medical treatment, lost wages, funeral costs, and other accident - related medical costs of others.

The average cost of a very basic funeral in the U.S. is $ 7,181.1 If you haven't set aside the funds to cover these immediate expenses — as well as any outstanding medical bills you may leave behind — factor funeral and other final costs into your life insurance needs.

Relative to term life insurance you'll still be paying a lot for that $ 25,000, but depending on what you need it for (ie, how much you want to cover in terms of funeral costs) final expense life insurance may be the better fit than guaranteed issue.

The payout is received in the form of funeral costs and burial costs being covered.

In exchange for the policy owner's designation, the funeral home typically guarantees that the proceeds will cover the cost of the funeral, no matter when death occurs.

While it's difficult for parents to consider the death of a child, it's important to understand that in the case one of your children passes, it can be incredibly expensive to cover the associated costs, such as their funeral or paying off student loans.

In most cases, burial insurance is designed to only cover the cost of the funeral and associated expenses.

Please note, the costs for items / services such as casket, urn or transportation from airport in country of origin to funeral home are not covered by this policy benefit.

In addition to ensuring the money is available to cover your funeral costs, funeral planning also enables you to take control of what happens to your body after you die.

In the event of a policy holder's death, life insurance can help to pay off a mortgage or other debts, cover funeral costs and related final expenses, replace lost income from the decedent, and pay for a child's future education costs.

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.

One of the best ways to include funeral costs in your estate planning is by seeking out life insurance that covers such final expenses.

In other cases, this type of insurance will also cover the funeral costs for someone killed in an auto accident that you cause, and will often cover some percentage of lost wages and home health care for someone whose injury is very seriouIn other cases, this type of insurance will also cover the funeral costs for someone killed in an auto accident that you cause, and will often cover some percentage of lost wages and home health care for someone whose injury is very seriouin an auto accident that you cause, and will often cover some percentage of lost wages and home health care for someone whose injury is very serious.

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

However, it will also cover funeral, burial, and cremation costs as well as lost wages and in - home health care that is required as a result of the accident.

Royal Neighbors also offers final expense whole life insurance that can help cover your end of life costs, such as a funeral, paying off any existing debts, and getting your estate in order.

If you don't have $ 10,000 to stash in a money market account to cover the cost of your funeral, you can always buy final expense insurance and name a loved one as the beneficiary of the policy.

The child term rider is purchased in units of coverage of $ 1,000 or $ 2,000 and most insurers will allow you to purchase $ 10,000 or $ 15,000 which should be enough to cover the cost of a funeral.

Medical Payments — Helps cover the costs related to medical or funeral needs for you and / or your passengers in case of an accident.

You purchase coverage in monetary «units» (i.e $ 1000) that would cover funeral costs and, say, fund a leave of absence from work.

Payments toward the cost of medical and funeral expenses resulting from injuries sustained in an accident involving a covered vehicle.

These policies provide the added resources to cover the full cost of a funeral without leaving your loved ones in debt because of your passing.

This would also cover you for any unfortunate incidents involving sudden demise of the insured person, in that case, the funeral and cremation costs would also be borne by the travel insurance company.

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.

In this situation, the goal is not to replace income, since the child doesn't have any, but rather to cover the cost of funeral expenses if the child dies.

Children's policies don't need to be much in terms of benefits besides covering the costs of the funeral.

Bodily injury liability helps protect you from paying medical costs, loss of income and funeral expenses of other people involved in a covered accident.

If you're older and are interested in obtaining only enough life insurance to cover the cost of your funeral and other similar expenses, a final expense policy may be a good option.

Automotive medical payments coverage can help pay for some of your medical costs or funeral expenses if you or anyone in your vehicle is injured in a covered accident.

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.

After all, keep in mind that a life insurance policy is meant to help cover funeral and burial costs in addition to years of lost income.

Personal injury protection: This will cover any medical or funeral cost in case of bodily injury to you or your passenger during an accident.