Sentences with phrase «other types of financial hardship»
It also doesn't offer benefits like deferment and forbearance to borrowers who lose their jobs or face other types of financial hardship.
https://lendedu.com/ Not exact matches
Final expense life insurance — also known as burial insurance — is a type of life insurance protection that is designed to pay out to one's beneficiary so that the cost of the insured's funeral and other related expenses can be paid off quickly, without putting one's survivors into financial hardship.
Therefore, a person has an insurable interest in something or someone when that loss of the insured would cause the person to suffer a financial or other type of hardship or loss.
However, even so, these types of life insurance policies can allow for the financial protection that is needed by loved ones and / or other survivors to move forward, without having to endure financial hardship.