That is because the proceeds from a life insurance policy can be used for a variety of different things, including the payment of debt, as well as the payment of
ongoing monthly bills.
Not exact matches
You'll additionally be responsible for homeowners insurance, possibly mortgage insurance, all the
ongoing costs of furnishing and maintaining a home, and maybe some
monthly bills you didn't directly pay as a renter, like trash and water.
An automated payment (or ACH) is a regular,
ongoing payment that is initiated externally to your bank account, such as a
monthly insurance
bill, utility payment or automobile loan payment.
❏ Give them a basic smartphone Pay for a basic talk - and - text package, but show them the
monthly bill so they understand it's an
ongoing expense.
We'll bring up the topic of paying for an alarm system that gives you
ongoing protection (and, in some cases, a
monthly bill) below, but there are some measures you can take that won't cost you extra.
A rent escrow
bill would simply require any tenant who withholds rent to pay
ongoing monthly rent into a court ordered escrow account until the eviction case is heard on the merits by a judge.
It would not provide enough to cover burial and any outstanding debts, medical
bills, or
ongoing monthly expenses.
Servicing a Loan — The
ongoing process of collecting your
monthly mortgage payment, including accounting for and payment of your yearly tax and / or homeowners insurance
bills.