Sentences with phrase «off large debts»

These may include replacing their income so that loved ones don't have to struggle, paying off large debts such as a mortgage or credit card balances, reducing or eliminating estate taxes, pre-paying future costs such as a child's college education, or providing liquidity to a business to keep it afloat until a replacement can be found.
This can include supplementing retirement income, paying off large debts such as a home mortgage, or paying the tuition for a child or grandchild's college tuition.
In other instances, this type of protection can be used for paying off large debts like a mortgage or credit card balances so that survivors will not be saddled with large financial bills.
It can help by providing a cash death benefit to pay off large debts and being able to pay for ongoing living expenses, in a case of the unexpected.
This is because the proceeds that are received through life insurance — which is income tax - free to beneficiaries — can be used for continuing to pay living expenses or to pay off large debts.
These include paying final expenses, paying off large debts, and / or paying for ongoing living expenses, so that loved ones do not need to face financial hardship, especially at an already difficult time for them.
That is because the proceeds from a life insurance policy can be used for a variety of different needs, such as paying off large debts, continuing with ongoing living expenses, and / or paying off the insured's funeral and other final expenses.
These can include paying off large debts such as a mortgage, as well as for replacing the income of a breadwinner or other income earner so that living expenses of the survivors can still be paid.
Such funds may be used to pay final expenses, to pay off large debts such as a mortgage, or used as income replacement in paying everyday living expenses going forward.
For example, they could pay off the mortgage, replace lost income, or pay off any large debts, such as student loans.
That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.
Much like a five - year term policy, a 10 - year policy is better suited if you have short - term life insurance needs, such as paying off large debts.
This is because the proceeds from a life insurance policy can be used for a number of different things, such as paying off large debts, paying for the insured's funeral and other final expenses, and / or paying survivors» ongoing living expenses.
This is because the proceeds that are received from life insurance coverage can be used for any number of different needs — from paying off large debts, paying for the insured's funeral and other final expenses, and / or for the payment of ongoing living expenses.
The proceeds from life insurance can be used for any number of things, such as replacing a breadwinner's income, paying off large debts such as a mortgage, and / or keeping promises such as paying for a child's or a grandchild's future college education.
For some, it is to pay off large debts such as a home mortgage or business expenses for partners.
But if you are looking to life insurance to act as income replacement, pay off large debts like a mortgage payment or be used for future expenses like college education, you should have purchase another policy.
Such funds may be used to pay final expenses, to pay off large debts such as a mortgage, or used as income replacement in paying everyday living expenses going forward.
This can include supplementing retirement income, paying off large debts such as a home mortgage, or paying the tuition for a child or grandchild's college tuition.
While you could probably reduce the principal a little bit with successful crowdfunding, it takes regular payments to completely pay off large debts like student loans.
That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.
«That's key when it comes time for the two of you to make a final decision, especially about longer - term goals like home ownership, taking a sabbatical or paying off large debts
Setting using an amount instead of by each debt will help you avoid debt fatigue and frustration while paying off larger debts, like your car loan.
Such a disparity in pay scale can make a significant difference in terms of how long it takes to pay off a large debt load.
Typically, life insurance is used as a way to pay off a large debt, such as a mortgage on a home that you want to leave to your heirs.
For others, it may be to pay off a large debt such as one's mortgage balance.
If, however, the policyholder chooses to do so, he or she can either borrow or withdraw the money that is in the cash value component of a burial insurance policy — and they can do so for any reason, such as paying off large debt obligations, supplementing their living expenses in retirement, or even for going on a cruise or taking a vacation.
Frequently, some or all of these proceeds will be used for paying off large debt obligations — such as a home mortgage — and / or for paying ongoing living expenses.
For example, the funds that are received by a beneficiary from life insurance can be used for paying off large debt such as a mortgage or credit card bills, the payment of funeral and other final expenses, and / or for the payment of ongoing living expenses by survivors.
When searching for life insurance, it is likely that the proceeds will be used for paying off large debt, replacing income, or some other important purpose in which survivors will rely.
Some people withdraw money from the cash value of their life insurance as a way of supplementing retirement income, paying off a large debt, and / or maybe even taking a nice vacation.
For example, if you have recently paid off a large debt, you can consider reducing the amount of coverage in your life insurance policy.
Understanding these features and getting the most out of your policy can benefit you in a variety of ways, including making it easier to supplement your income, pay for college tuition, or pay off a large debt or mortgage.

Not exact matches

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.
While most of the world would simply buy a larger house, a nicer car and better wardrobe, I've been sinking this cash into several other more productive avenues, including more real estate investments, paying off debt and going on some relaxing vacations.
And a large percentage of them have put off buying because they are saddled with student - loan debt.
If your revenue drops off or your industry takes a hit, there's a good chance you could be stuck with a large outstanding debt.
What really triggered the equity sell - off was fear over the solvency of French and Italian banks holding large amounts of Greek, Irish and other poor quality sovereign debt.
Apart from total debt, which includes off - balance sheet operating leases, one of the largest adjustments was $ 2.6 billion due to excess cash.
So it may make sense for a restaurant owner to pay off other large debts first before pursuing an additional loan, or to make sure you have enough assets to cover debt payments in the event the restaurant doesn't bring in as much revenue as you anticipated.
The largest adjustment to shareholder value was $ 475 million in total debt, which includes $ 179 million in off - balance sheet operating leases.
Avoid taking on other large debts while you're paying off the house so you don't strain your budget.
Investor takeaway Freeport - McMoRan's large debt load is really weighing the company down, which is why investors are better off avoiding it for now.
In a perfect world, everyone would enter retirement with a paid - off mortgage, zero debt, and a nest egg large enough to ensure they...
The largest adjustment was $ 109 million in total debt, which includes $ 30 million in off - balance sheet operating leases.
Apart from $ 10.2 billion in total debt, which includes $ 428 million in off - balance sheet operating leases, the largest adjustment to shareholder value was $ 1.7 billion in deferred tax liabilities.
The largest adjustment was $ 9.4 billion in total debt, which includes $ 475 million in off - balance sheet operating leases.
That statement would clearly be more reassuring to Americans had not the largest bank in the U.S. in 2008, Citigroup, blown itself up while lying to the public and its shareholders about its exposure to subprime debt and holding more than $ 1 trillion in assets off its balance sheet.
«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.
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