If this continues long term the savings will be depleted and insured will be given an option to
increase the cash outlay to cover the higher cost of insurance or cancel the policy leaving them with no savings and either no insurance, or very expensive insurance.
Not exact matches
Purchasing a property requires lots of
cash outlays, and
increases the importance of maintaining an emergency fund.
In many cases this
increase will not
increase borrowers» initial
cash outlay as UFMIP amounts are typically rolled into the mortgage amount.
But a major buyback may again prove the better deal: It potentially offers significant appreciation in the market (and intrinsic) value of their own shareholdings, it
increases & consolidates their ownership, but demands none of the financial risk (or
cash outlay) a takeover requires!
In the example of a Toronto - Calgary flight, Aeroplan miles have decreased in value as they have
increased the amount of
cash outlay required to redeem the flight.