Sentences with phrase «primary wage earner»

Short sale caused by an extenuating circumstance such as death of primary wage earner as long as the credit score prior to the circumstance was sufficient to qualify for a loan.

More than 40 percent of Americans say they would feel a financial impact within six months if the family's primary wage earner died, according to a 2015 survey by Life Happens and LIMRA.

Since the majority of Americans have little to no savings (35 % have less than $ 1,000 in their savings), then that would mean that the majority of Americans who are the household's primary wage earners need to be insured.

The court will consider the length of the marriage, value of each spouse's separate property, income, role in the marriage (primary wage earner vs. homemaker) and financial needs.

• The top two reasons Americans have life insurance is to cover burial and final expenses, and to help replace the income of primary wage earners.

* Over 50 % of people say the loss of a primary wage earner would become a financial burden within one year and 47 % said within six months, including 40 % of > $ 100,000 income households.

One - half of U.S. households would feel the impact of the loss of a primary wage earner within six months, and one - third would feel it in less than one month, according to a study by LIMRA and Life Happens, a nonprofit that promotes the benefits of life insurance.

The loss of income from a primary wage earner can be financially devastating to a family.

About the ONLY qualifying extenuating circumstance is DEATH of the primary wage earner, or well documented extended and serious illness of the primary wage earner.

Seventy percent of American households with children under 18 admit that they would have trouble keeping up with living expenses within a few months if the primary wage earner in the home died today.

So I think it usually makes sense only to carry insurance on the primary wage earner.

For families with children, if one spouse is staying home, it may be important to have life insurance for that spouse in addition to insuring the primary wage earner.

4 in 10 households without any life insurance would have immediate trouble paying living expenses if they were to lose their primary wage earner

Because of the relatively high probability of living to 76 and 80, particularly if you are married, delaying Social Security often pays off in the long run — especially if you are the primary wage earner of a couple and your portfolio gives you that flexibility.

Mortgage selection can seem like a daunting task since the primary wage earner is responsible for paying the mortgage every month for years.

Additionally, on a joint mortgage application, lenders will use the lower of the two middle credit scores, regardless of which borrower is the «primary wage earner»; or, whether it's a mortgage with a co-signer.

In this way, a non-working spouse actually needs a life insurance policy that may be comparable to that of the primary wage earner.

For example, if you are the primary wage earner in your home, and you were to die, a term life insurance policy would provide the cushion that would protect your family.

One of the best ways to protect against the financial consequences of a primary wage earner's premature death is life insurance.

You may also not need life insurance (term or permanent) if your resources (assets and savings) are sufficient that your household would not suffer a financial hardship if the primary wage earner died unexpectedly.

Exception: A lender may make an exception to this rule for a borrower in default on a mortgage at the time of the short sale if the default was due to circumstances beyond the borrower's control, such as the death of a primary wage earner or long - term uninsured illness, and a review of the credit report indicates satisfactory credit before the circumstances beyond the borrower's control that caused the default.

According to data from the London Insurance and Reinsurance Market Association, over 50 % of U.S households would feel the impact of the loss of their primary wage earner in less than a year.

If the primary wage earner died, 50 % of American households would feel the financial impact within one year.

However, a recent Pew poll revealed that some 40 percent of mothers are now the primary wage earners in the family.

A family is left grieving over the loss of a primary wage earner.

I am the primary wage earner and therefor am very concerened about (now) near future finances, mortgage etc..

Pursuing a wrongful death claim and holding the appropriate parties responsible for your loss can provide a means for you to continue to move forward, especially if the decedent was the primary wage earner in the family.

It is understandable that family members may be in shock following the loss of a loved one, however if the deceased was a primary wage earner in the family, then financial security may be at stake, with little time to ensure the negligent driver is held accountable.

The courts usually award spousal support on a temporary basis, and sometimes award support to the husband (where the wife was the primary wage earner and the husband supported her in her career efforts).

However, when the parties have substantial liquid marital assets, the family court has [in my limited experience] almost always allowed the primary wage earner access to at least 10 % of the liquid marital assets to fund the litigation.

Sometimes this situation arises when the primary wage earner has insufficient monthly income (especially after paying court - ordered support) to fund the ongoing litigation.

If the circumstances of a divorce result in a large income or employability disparity between the spouses, then short - term or long - term financial compensation could be awarded to one spouse from the primary wage earner in the form of spousal maintenance (commonly known as alimony).

For example, the deceased may have been the primary wage earner.

Many of the divorce laws in Arizona originated in a context in which men were expected to be the primary wage earners and women were expected to be primarily responsible for taking care of children.

Particularly if the decedent was a primary wage earner for the family.

If you are actually the primary wage earner for the residence, then it could be an especially bad idea to leave.

A recent survey found more than 3 in 4 Americans said they would feel the financial impact from the loss of a primary wage earner within six months and over half of Americans ¹ say they need more life insurance today.

Term Life is a great choice when considering mortgage protection, covering business loans, or protecting the primary wage earner.

The life insurance would typically insure the divorcing spouse who is the primary wage earner.

One of the first things we would like to mention is that, while Colonial Penn should be considered when looking at the different final expense or burial life insurance companies, the CP Direct's low maximum coverage amounts of only up to $ 50,000 will often make them a non competitive option when someone needs more coverage for things such as protecting a mortgage or protecting the household's primary wage earner.

Since 40 % of all American families believe they'd face financial difficulty if the primary wage earner died, this can become a short - term safety net and nothing more.

In another 2017 survey by LIMRA, 55 % of single - mother households said their families would be in immediate financial trouble if the primary wage earner died, compared with 35 % of all U.S. households.

According to data from the London Insurance and Reinsurance Market Association, over 50 % of U.S households would feel the impact of the loss of their primary wage earner in less than a year.

When people are young and have large mortgages and a family of small fries to bring to adulthood, they often take life insurance policies that are intended to provide the family with several years of income or financial stability in the event of the death of the primary wage earner.

According to the life insurance industry research group LIMRA, 70 percent of U.S. households with children would have trouble paying everyday living expenses if the primary wage earner died.

In that study, twenty - nine percent of those surveyed indicated that if the primary wage earner in their house were to pass away, they would feel the financial impact of that loss within one month.

Many people think that life insurance is only for the primary wage earner in the household.