Sentences with phrase «primary purpose of insurance»

The primary purpose of insurance is to safeguard a policyholder's financial interests in case of future catastrophic losses.

While the primary purpose of insurance is to cover car damage and personal injuries, it has an equally important purpose of protecting your financial assets.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

The ResPublica report argues marriage is «inescapably heterosexual» as its primary purpose is to provide a form of social insurance for children and their mothers.

While the primary purpose of life insurance is to provide a death benefit to those you leave behind, some life insurance policies have a cash - out value as well.

The primary purpose of any life insurance policy is to provide a death benefit to your designated beneficiaries if you die.

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

The primary purpose of obtaining any kind of life insurance is so that there'll be a death benefit available to your beneficiaries at the time of your death.

This is a good option to use if the primary purpose of your life insurance is to provide support for your beneficiaries after your death.

The primary purpose of this lifetime income annuity is to pay the continuing life insurance premium, but can also provide a needed income stream with the remaining balance.

5) Income Replacement Life Insurance — Policies which are purchased for the sole purpose of income replacement should the primary breadwinner die.

What is variable life insurance While the primary purpose of life insurance is to provide a death benefit in the event of the policyholder's untimely demise, life insurance can provide an investment component as well.

«Consumers often don't know that permanent life insurance policies can serve a dual purpose — to ensure a family is adequately protected in the event of a primary caretaker's death and help plan for retirement.»

Never forget that protection — and not state requirements — are the primary purpose of having auto insurance, and be sure to get the coverage level that you need.

The primary purpose of your life insurance is to give your family members the money that they will need to pay off all of your unpaid debts and final expenses like your burial costs and funeral fees.

It is important to keep in mind that the primary purpose of annual renewable term insurance is to accommodate short - term insurance needs.

However — If the owner of the policy was also the primary insured, the amount of life insurance will be included in the gross estate for estate tax purposes.

Our company primary purpose is to help residents of Maine save money on health insurance, auto insurance, home insurance and life insurance.

Templin said while the primary purpose of life insurance coverage is to pay off debt and help maintain a lifestyle, chances are nothing bad will happen, so this type of policy can also accumulate cash that can be used to supplement education or retirement costs.

The primary purpose of life insurance — to provide income to the decedent's surviving family members.

The primary purpose of the ICA DataGlobe is to provide a communications resource for the ICA and member companies that are involved in dialogue with the community and governments about the relationship between the cost of insurance cover for individuals and their exposure / vulnerability to natural perils.

Mortgage life insurance is defined as a type of policy that is created for the primary purpose of paying off a person's mortgage in the case of the borrower's death while there is still a balance due.

This undermines the primary purpose of life insurance, as the investors would incur no financial loss should the insured person die.

However, it's important to consider that the primary purpose of life insurance is to insure your financial obligations.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Permanent, participating life - insurance policies like Adjustable Complife can accumulate a cash value; however, the primary purpose of life insurance is to pay the death benefit if the insured dies.

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

The primary purpose of any life insurance policy is to provide a death benefit to your designated beneficiaries if you die.

While that is not always the case, we do find that term insurance serves a primary purpose: providing a large death benefit, at a low cost, to provide income replacement to loved ones and peace of mind to you.

Most people associate term life insurance with its primary purpose: to protect loved ones in the event of an unexpected death.

And, over time, life insurance has come to be used as a primary component of overall financial, estate, and business planning purposes.

The primary purpose of your life insurance is to give them the money that they need.

Trip Insurance (there are several types of travel insurance, trip insurance's primary purpose is to protect the financial investment of a trip should you become sick prior to departure) has evolved over time and now has coverage for pre-existing coInsurance (there are several types of travel insurance, trip insurance's primary purpose is to protect the financial investment of a trip should you become sick prior to departure) has evolved over time and now has coverage for pre-existing coinsurance, trip insurance's primary purpose is to protect the financial investment of a trip should you become sick prior to departure) has evolved over time and now has coverage for pre-existing coinsurance's primary purpose is to protect the financial investment of a trip should you become sick prior to departure) has evolved over time and now has coverage for pre-existing conditions.

The primary purpose of your life insurance plan is to give your family the money that they need to pay off those debts and other bills.

Most people associate Term Life Insurance with its primary purpose: to protect loved ones in the event of an unexpected death.

The primary purpose of buying a Columbia life insurance policy is to ensure the financial protection of your family.

The primary purpose of life insurance is to provide for dependents should the family provider die.

Life insurance was designed with the express purpose of providing permanent protection for a family or loved one in the event of the death of the primary income earner.

It is a wise addition to any insurances you currently maintain, its primary purpose mirroring that of all varieties of coverage: to help you plan, to the greatest extent possible, for out - of - the - blue and potentially disastrous events.

The primary purpose of a Term Insurance Plan is to substitute the loss of income arising from your death.

Remember, endowment plans are not proper for protection purposes, which is the primary objective of taking an insurance policy.

In the bid to save more tax, one must not forget the primary purpose of life insurance is protection and everything over and above it should be considered as an added advantage from taking life insurance.

The primary purpose of life insurance in itself is replacing the income lost due to death of the insured.

While life insurance has evolved to become a savings, investment, and tax optimization tool, the original and primary purpose is to provide a death benefit to beneficiaries upon the death of an insured.

You have to decide the primary purpose of life insurance, whether this is insurance or the investment.

The primary purpose of life insurance is to provide financial security aside from others like ensuring business finance continuation in future, easy compliance with the tax requirements etc..

The list of primary factors that affect your Hero Passion Pro insurance premium include the capacity of the bike's engine, the city you reside in, your purpose of purchase, and other body part.

This is why our primary purpose is to help residents of Maine get a great deal on their health insurance rates.

Still, Nehring says, remember the primary purpose of life insurance — to protect your loved ones in case you die.

The following review of Americo Life Insurance Company was created with one primary purpose — to help our client's find the best life insurance policy based on each client's unique need, health and lInsurance Company was created with one primary purpose — to help our client's find the best life insurance policy based on each client's unique need, health and linsurance policy based on each client's unique need, health and lifestyle.