Sentences with phrase «living on benefits alone»

When collectors call looking for payment from you, you can explain your current financial situation and that you are living on benefits alone.

Not exact matches

«The fact that solitude enables people to daydream and reflect on their lives also means that it's associated with self - transformation, as psychologists Christopher Long and James Averill note in their theoretical paper «Solitude: An Exploration of Benefits of Being Alone» (paywall),»» Cooper points out.

This, along with the low cost of living in South Carolina, means it is possible for some seniors in the Palmetto State to survive on Social Security retirement benefits alone.

James argued that some live options can't be resolved by the intellect alone, and in those cases, waiting for compelling evidence means that you will miss out on the possible insights and benefits that can only come after the decision to believe.

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies.

For this reason and this reason alone, it is usually best to try to first find a simplified or fully underwritten life insurance policy first, and then if none are available, move on to a guaranteed issue policy as a last resort (preferably one that has a short graded death benefit period).

«While choosing a life insurance policy, one should consider their need, the type of policy and whether it suits their need, understand all terms and conditions of plan like cover amount, premium paying term, policy tenure and hence the date of maturity, tax benefits, flexibility etc. and not depend on claim settlement ratio alone,» says Deepak Yohannan, CEO, MyInsuranceClub.com.