Sentences with phrase «proceeds of that final expense life insurance policy»

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That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

In many ways, Final expense insurance works like any other type of life insurance policy in that a premium is paid for the coverage, and then upon the insured's death, the proceeds are paid out to a named beneficiary.

As with other types of life insurance coverage, the proceeds that are received from a final expense life insurance policy will be free of income taxation to the recipient.

One reason for this is because the proceeds from a life insurance policy may be used for numerous needs, including the payment of debt, the continuation of ongoing living expenses of the insured's survivors, and / or the payoff of the insured's funeral and other final expenses.

This is because the proceeds from a life insurance policy can be used for a number of different things, such as paying off large debts, paying for the insured's funeral and other final expenses, and / or paying survivors» ongoing living expenses.

The proceeds from a life insurance policy can be used for a multitude of purposes — including paying off big debts, the payoff of an insured's funeral and other final expenses, and / or for the payment of loved ones» ongoing living expenses in the future.

As with other types of life insurance, the proceeds that are received via a final expense policy can be obtained free of income taxation by the beneficiary — and they can be used for any need that they see fit.

Similar to with other types of life insurance, the owner of a final expense life insurance policy is able to name a person, or persons, as their policy beneficiary to receive the death benefit proceeds.

That is because the proceeds from a life insurance policy can be used for paying off large debts, ongoing living expenses by the insured's survivors, and for the high cost of the insured's funeral and other final expenses.

Even if you don't have anyone who is dependent on you financially, the proceeds from a life insurance policy could be used for any number of purposes, such as the payment of funeral and other final expenses, and / or the continuation of a business that is owned.

One reason for this is because the proceeds from a life insurance policy can be used for numerous needs — including the payoff of debts and ongoing living expenses of survivors, as well as the payment of estate taxes and / or final expenses.

One of the key reasons for this is because the proceeds from a life insurance policy can be used for multiple needs of one's survivors, such as paying off debt, replacing income for everyday living expenses, and paying the high cost of the insured's funeral and other final expenses.

Final expense life insurance is a life insurance policy whereby the proceeds are meant to pay for end of life costs such as funeral and other burial expenses.

The proceeds of a life insurance policy are payable immediately, allowing your heirs to take care of estate taxes, funeral costs, and other final expenses without having to worry about liquidating other assets.

The proceeds from a life insurance policy can be used for any number of reasons — including the payoff of large debts, the replacement of ongoing living expenses, and / or the payment of funeral and other final expenses.

The proceeds from a life insurance policy can be used for paying off debt, taking care of final expenses, and / or for paying ongoing living costs for the insured's survivors.

The proceeds from a life insurance policy can be used for many different things, including the payoff of final expenses or other large debts, as well as ongoing living expenses so that loved ones won't have to drastically change their lives.

That is because the proceeds from a life insurance policy can be used for a variety of different needs, such as paying off large debts, continuing with ongoing living expenses, and / or paying off the insured's funeral and other final expenses.

These types of life insurance policies, which are also often referred to as funeral or burial insurance, will typically provide between $ 5,000 and $ 25,000 in proceeds so that the insured's funeral and other final expenses can be paid.

That is because the proceeds from a life insurance policy can be used for some different needs, including the payoff of debt — as well as the paying of funeral and final expenses.