Sentences with phrase «main purposes of a life insurance»
Income to the beneficiary is one of the main purposes of a life insurance plan.
https://www.lifeinsurance.org/
This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance.
Most people correctly assume that the main purpose of life insurance is to provide financial resources to your loved ones in the event of your death.
Remember, the main purpose of life insurance is to replace your income in the event of your untimely death, allowing your dependents to maintain their current lifestyle as much as possible.
The main purpose of life insurance is to replace income and / or cover debts in the event of a provider's death.
The main purpose of life insurance is to provide a cash stream to your family and financial dependents after your death.
Very few households at that age hold that much debt and have nobody that relies on their income, which is two of the main purposes of life insurance.
The main purpose of life insurance is to provide a tax - free lump sum of money to your loved ones, and you're putting that at risk when you take out a loan.
The main purpose of a life insurance policy is to pay money to your loved ones if you die.
The main purpose of life insurance is to protect your dependents until they no longer rely on your income to live.
The main purpose of life insurance is to provide a financial benefit to your loved ones in the event of an early death.
The main purpose of life insurance is to protect something: your family, business or estate are just a few examples.
Not exact matches
The main purpose of the term life insurance policy is to make sure your family is taken care of if something should happen to you.
The main purpose of the legal reserve is to provide lifetime protection, but because more money is collected in premiums in the early years of a policy than is needed to cover the mortality charge, level - premium policies develop a cash value, which the policyholder can borrow against, or can surrender the policy for its cash value if the policyholder no longer wishes to continue the life insurance policy.
However, in this game of returns the main purpose of insurance — adequate life cover — could take a back seat.
The original purpose to buy a life insurance plan was for «pure protection», meant to replace the lost income of a main breadwinner of a family.