"Lost income" refers to the money that someone does not receive or earn due to a particular cause or circumstance. It represents the financial loss or absence of income someone would have earned if certain events or situations had not prevented them from doing so.
Full definition
The most common reasons for purchasing life insurance include coverage of debt, specifically a mortgage,
replacing lost income for survivors and making sure there are funds available for education of children.
You can be reimbursed
for lost income of up to $ 400 per week, plus the cost of medical care and treatment.
Even a less serious injury accident will be costly in terms
of lost income from work, medical treatments and rehabilitation.
You can use that money to help pay for medical bills, replace
lost income from work, etc..
Provides monthly payments to help replace
lost income if you are completely disabled due to an illness or injury.
A principal balance may be tied up for a long time, resulting
in lost income by not investing in other securities.
This could not just cover unexpected expenses, but could also make up for
lost income due to illness or layoffs.
Second, they are entitled to compensation for
lost income as a result of the victim's inability to work.
If your injuries were severe enough that you will never be able to return to work, you could be compensated for
future lost income.
Many property owners choose to begin the sales process while a tenant is in residence because they're concerned about
losing income while the property is empty.
Disability insurance is financial protection against the risk of
losing your income when you're unable to work due to a disability or illness.
While health insurance is designed to protect against financial loss in the event of medical expenses, it does not replace
lost income during a period of disability.
We try to meet that goal in part with creative thinking about injury claims including
about lost income in personal injury cases.
How should I go about searching for disability insurance when I'm already dealing
with lost income due to disability?
Investors must bear this in mind because losing their shares to a redemption means they will suddenly
lose an income stream.
A unique feature of this policy is that it supplements
lost income by providing income replacement (for a maximum of two years) when one becomes disabled.
In the end, states have not collected any additional sales tax revenue, and actually
lost income tax revenue from the impacted affiliate marketers.
There are two ways to recover money damages for
lost income after an accident: one is to file a personal injury claim with the at - fault party's insurance company.
This includes
potential lost income while equipment is down, property damage that results from equipment breakdown or damage due to one machine causing damage to other machines.
While you'll
lose all income on the first title (if you give it away) your readers will be more likely to purchase the rest of the series.
Other people will purchase a policy with the intention of the survivor buying an annuity with the proceeds, and the annuity can be used to
supplement lost income from the deceased.
The
total lost income to households is reported in three components — a so - called rule of thumb lost wages, lost wage growth, and lost retirement assets.
Business interruption insurance helps protect
against lost income due to a covered peril listed in your business owners policy.
Economic losses
like lost income or medical expenses are part of the overall claim.
These benefits account for your current and future medical bills, lost wages, and
lost income opportunity if you are unable to work for a long period of time.
In addition, if you have not already done so, you may want to consider
adding lost income coverage to your business insurance policy.
Doing so will involve estimating how much would be needed by your loved ones for covering potential expenses, as well as
lost income over time.
During the recession, I suspect more women are rushing back to work soon after having babies in order to hold on to their jobs and
avoid losing any income.
You'll need extra cash to pay for baby expenses or
offset lost income from either you or your partner staying home.
A good rule of thumb is that you should incorporate around six months of
lost income into the benefits of the life insurance policy.
The most obvious use for a death benefit payment is to
provide lost income for a family or loved ones in which an income earning member has passed.
Instead, you might consider an individual life insurance policy for yourself to protect your family if they were to
suddenly lose your income.
Examples of evidence that might support the amount of money damages you seek include medical treatment records, medical bills, and payroll information from your employer to
establish lost income.
It provides a source of income: Funds provided by a life insurance policy can be used to supplement the
otherwise lost income provided by the deceased.
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