This is because the proceeds from life insurance coverage can be used for a variety of different needs of one's survivors — including the payoff
of large debts, the payment of the insured's funeral and other final expenses, and / or for the continuation of ongoing living expenses so that lifestyle does not have to be drastically altered.
For example, these funds may be used for the payment of the insured's funeral and other final expenses, as well as for the payoff
of large debts, and / or for continuing to pay regular, everyday living expenses when the income from the insured goes away.
The proceeds from a life insurance policy can be used for any number of reasons — including the payoff
of large debts, the replacement of ongoing living expenses, and / or the payment of funeral and other final expenses.
These could include the payment
of large debts (including the balance of a home loan), the continuation of ongoing living expenses, and / or the upkeep of a business until it can be sold, or a new owner / partner can be located.
Life insurance proceeds can be used for any number of different needs by survivors, such as the payment
of large debts (including the balance of a mortgage), the paying of ongoing living expenses, and even future financial needs like ensuring that a child or a grandchild has the money that they need for college.
These funds may be either borrowed or withdrawn for any reason by the policyholder, including for the supplementing of retirement income, and / or for the paying off
of large debts.
Although many people had most
of their large debts paid off by the time they reached their 60s in the past, things are quite different today.
Recently on our legal forum a user asked, «I filed bankruptcy several years ago and had several
of my large debts discharged.
This company might be a much weaker stock overall because
of its larger debt load.
Today the USA has created one
of the largest debts ever recorded, both the public and private sector are heavily indebted, and much of that debt was created while global central banks were keeping rates at record lows over the last decade.
«If they are able to pay off of their mortgage, they will be rid
of the largest debt source and have more income to spend on other items,» he says.
In fact we have one
of the largest debts in the PL.
On Friday, Attorney General Eric T. Schneiderman announced that his office reached a settlement with Forster & Garbus, one
of the largest debt collection firms in New York State, to ensure that it does not file actions against New Yorkers to collect on payday loans.
She says the state could pay off
some of its large debt.
Midland Funding is part of Encore Capital Group, one
of the largest debt buying companies in the U.S. Through its subsidiaries, Encore Capital and other debt buying companies purchase credit card, medical and other debts, usually from the original creditors after many months, or even years, of unsuccessful collection attempts by the original lenders.
A financial wellness strategy that educates employees on managing their finances while also helping them to pay down one
of the largest debts that American graduates carry will help to alleviate the stress that many employees deal with on a regular basis.
Golden Financial Services is one
of the largest debt settlement companies in the United States where our professional services will be safer, easier for you; you will save a lot more money and won't have to deal with as much hassle.
Clients
of another large debt settlement company that was shut down were paid only 25 % of their total deposits in December, 2009.
I got rid
of a large debt.
Five
of the largest debt issuers (highlighted in Table 4) were also among the largest repurchasers of equity.
It was a huge boost... not just psychologically but also in terms of freeing up money to smack the living daylights out
of our larger debts.
Remember, your home purchase will be one of the biggest investments you make in your life but also one
of the largest debts you take on.
I used to work for one
of the largest debt collection law firms in Minnesota.
Private equity firm Kleoss Capital announced that they had bought a stake in one
of the largest debt counselling firms in South Africa, Debt Rescue.
Together, Swanson alleges, «Accretive, Agora, Axiant, the Forum, and Mann Bracken form a complex web of companies that compose
some of the largest debt collectors and arbitrators of consumer credit card debt in the country.»
These may include replacing lost income so that everyday expenses can be paid, the payoff
of large debt such as a home mortgage, and / or ensuring that funeral and other final expenses can be taken care of, without having to dip into savings or put them on credit.
Stabilize your debt by regularly and swiftly paying off any credit card charges, and take care
of your larger debts (college loans, car payments, etc...) to the best of your ability.
By lessening the burden
of large debt, mental health professionals are offered the opportunity to give back to neighborhoods in need and make an impact in underserved communities through the State Loan Repayment Program (SLRP).
The retail construction loan is due to close in the next few weeks and marks one
of the largest debt deals in 2015.
Not exact matches
It owns close to $ 4 trillion
of our
debt, and as the second -
largest economy in the world, it's also responsible for roughly 15 percent
of global exports.
The IIF said Argentina, Nigeria, Turkey and China recorded the
largest buildup in
debt ratios over the year, the latter fueled by ongoing growth in indebtedness
of households and the nation's finance sector.
«A
large debt also can compromise a country's national security by constraining military spending in times
of international crisis or by limiting its ability to prepare for such a crisis.»
Meanwhile, as the government takes on more
debt to fund its daily operations, the cost to service that
debt will take up a
larger chunk
of government spending as well.
And because
of the softening in the market, they haven't been able to find a lender willing to issue them a HELOC
large enough to cover their unsecured
debt.
And let's not forget that, because
of the size
of Ontario's
debt, it has had to raise money outside
of Canada, in order to to tap into
larger pools
of capital.
Most companies experience cash flow challenges within the first few years
of operation and, for a
large percentage
of those businesses, the obstacle
of high operating expenses and compounding
debt proves to be too much -LSB-...]
(This kind
of credit is not included in IIROC's calculation, so the
debt underpinning our stock market may be considerably
larger than we know.)
But a poll conducted by Abacus Data on behalf
of Maclean's for the Canada Project shows the country's citizens are getting more and more comfortable carrying
large amounts
of debt — with more
of that money coming from family and friends.
Most companies experience cash flow challenges within the first few years
of operation and, for a
large percentage
of those businesses, the obstacle
of high operating expenses and compounding
debt proves to be too much to handle.
Other
large startups in need to big chunks
of money, like Uber and DraftKings, have also gone the way
of convertible
debt over the past year.
With the advent
of the ACA — and before that, expanded state healthcare in Massachusetts — she says fewer clients with
large medical
debts walked through her door.
«It would allow a
larger group
of investors to consider Portugal's
debt in their portfolio selection.
Last week, Illinois AG Madigan told a congressional committee that these scams are the result
of a
larger problem — too many former students are having a hard time paying down their student loan
debt.
Charter Communications (CHTR), one
of the
largest U.S. cable companies, will file for bankruptcy protection by April 1, as part
of a resturcuting to cut its
debt by $ 8 billion, the WSJ reports.
Also, Greece will make a
large debt repayment to one
of its European creditors this week.
Contract positions: Taking contract positions on a per - project basis allows you to earn
larger lump sums
of money to put toward paying off your
debt.
Co-author Joanna Lahey, an associate professor
of economics at Texas A&M University, said the study was a way
of exploring the «snowball» method
of paying off
debts from smallest to
largest.
Wells Fargo, the country's second -
largest issuer
of private student loans, said the bank does not accelerate
debt repayment on the student customer when the co-signer dies or files bankruptcy.
Without an additional bump in demand,
large issuances
of debt will drive down prices
of fixed - income products.
A
large share
of Italian
debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the
debt... The composition
of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.