Sentences with phrase «own funeral expenses»

You might also want life insurance to cover college expenses for your kids if you die, or pay off your mortgage at that point, or to pay for funeral expenses, or to protect the income your business gets from a key employee.

The person or institution that has paid for or that is responsible for paying for the funeral expenses of the deceased.

However long you live, eventually your funeral expenses and other debts must be paid for before your executor can distribute your estate to beneficiaries.

Some lenders also offer loans for back to school expenses, funeral expenses, small rent arrears, holidays and travel, Christmas and wedding expenses, and unexpected expenses.

Common examples include, but are not limited to, medical or funeral expenses, tuition and education fees and rent or mortgage payments on a principal residence.

«The Scottish Government is committed to supporting those who need it most following a bereavement, which is why we will introduce a new Funeral Expense Assistance from summer 2019.»

Equalities Minister Angela Constance set out a 10 - point plan to address the «growing issue» of people ending up in poverty due to funeral expenses.

Taxpayer's will probably have to pay funeral expenses.

Jack's mother and his wife no doubt found solace in the kind words and in the money collected from the Iowa State community — «to express in a material way the sympathy of the college» — $ 2,259, that covered funeral expenses, paid off Anna's mortgage and provided both Anna and Cora Mae with a little nest egg.

Healthcare, natural disaster, house burns down, funeral expenses.

Ian Pearson: The regulation of whole of life insurance policies sold to help meet funeral expenses is a matter for the FSA.

Money is being raised to pay for medical & funeral expenses; donations can be made to gofundme.com/in-memory-of-eddie.

The suit seeks more than $ 50,000 in general damages and more than $ 50,000 in economic damages as well as an unspecified amount for medical and funeral expenses, emotional distress and other damages.

Our Funeral Plan * product provides cover for funeral expenses in the event of your death or that of your spouse or children.

They can say that they have something to cover funeral expenses, even if it costs an arm and a leg.

For example, some buy life insurance if they have accumulated debts, or are concerned about leaving family members with hospital and funeral expenses.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

Term life insurance is often purchased to cover funeral expenses, mortgage and debt payoff, college education costs, and as income replacement.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

While you may need less life insurance than someone with a family to support, you'll still have funeral expenses and might leave behind other debts you'd like to see paid off.

This page will give you a good understanding of funeral expenses insurance, will inform you of savings opportunities, and also provide a number of other useful tips based on our publications.

Personal injury protection is coverage that pays for the medical or funeral expenses of you or your family if you are injured in an auto accident.

Yes, life insurance can help cover funeral expenses.

In most cases the rider is enough, but McKeown has seen some people take out a stand - alone policy for $ 50,000 on their kids to cover funeral expenses and a few months off of work.

A term - life policy for $ 25,000 or so to pay off funeral expenses should be plenty.

This payment can allow parents to take time off work to grieve, and to cover funeral expenses, among other costs.

End - of - life expenses The average funeral expenses range from $ 7,000 to $ 10,000 once you factor in the cost of the funeral home and burial costs, like the casket.

Choices for taking care of funeral expenses in advance include investing in a state - regulated trust account (also called «preneed plans») or through a special life insurance policy.

While death benefits are often designated for funeral expenses and income replacement, life insurance is a very flexible type of coverage that can be used in numerous ways.

Personal loans are awarded for big expenses such as boat purchases, wedding expenses, vacations, home refurbishing, home rehabilitation, motorcycle purchases, funeral expenses, dental expenses, medical expenses, and more.

Rather than taking a flat payout amount, take enough of a policy only to cover the specific needs you expect - for many people, this is defined by the amount needed to cover funeral expenses only + possibly their outstanding mortgage balance.

A $ 20k payout would likely be far more than enough to cover funeral expenses, but may not be enough to set up your family to subsist without you as a sole provider.

Instead, consider life insurance as coverage for the financial realities of death - funeral expenses, and perhaps money to provide grieving time for your family before they resume or take on work [Again, insurance is coverage against catastrophic loss, not a lottery ticket to provide a windfall when the unfortunate happens].

If you're active - duty or retired military personnel, you can apply for an emergency military loan and use the money pay for everything from natural disaster damages to funeral expenses.

Funeral expense insurance is an insurance policy that pays the costs associated with your funeral.

Homes, vehicles used for transportation to work or for medical purposes, personal property, prepaid funeral expenses and certain life insurance policies are exempt.

Many people buy life insurance simply to cover their burial and funeral expenses.

So, if there are more pressing costs when you pass away, such as funeral expenses or a child starting college, your family member can spend the death benefit as they best see fit.

Preneed insurance is a policy often sold directly from a funeral home to the policyholder who has identified a specific future need - in this case, funeral expenses.

The biggest need I found was folks wanting a whole life policy just enough to cover funeral expenses because they didn't think they would live the 10 years or so it took to pay in as much as the policy would pay out at death.

Some defined contribution plans allow plan participants to take hardship withdrawals from their plans based on financial needs, such as medical or tuition bills or funeral expenses.

Funeral expense insurance can be used to pay for the cost of the funeral alone, or it can cover additional final expenses such as outstanding medical bills, legal costs, or any other debts that you owe, such as credit card bills.

Mortgage payment, credit card debt, funeral expenses, these are all things that a term life insurance policy could help pay for if something happened to one of you.

The beneficiaries can use this money for funeral expenses, medical bills, mortgage payments, etc..

These products are typically favored if you want to have coverage in place quickly, perhaps because you're in poor health, and only need a small payout in the case of your passing (to cover funeral expenses, a loan, or other limited financial obligation).

They are great for funeral expenses if you are sure that someone is going to die in the 3 - 5 years though.

If peradventure the accident victim dies, your liability insurance covers the funeral expenses.

Bodily Injury Liability helps protect you from paying medical costs, loss of income and funeral expenses of other people involved in an accident.

Motorcycle Medical Payments Coverage can help pay for some of your medical costs or funeral expenses if you or anyone on your motorcycle is injured in an accident.

Typically provides coverage for an insured person, covered family members and covered passengers for certain reasonable and necessary expenses, such as medical and hospital expenses, income continuation, loss of services, and funeral expenses for bodily injury caused by a covered accident, regardless of who was at fault.