Sentences with phrase «purpose of life insurance»

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

The main purpose of a life insurance policy is to pay money to your loved ones if you die.

Income to the beneficiary is one of the main purposes of a life insurance plan.

The primary purpose of a life insurance plan is to give your family the money that they need to pay off your left behind bills.

The secondary purpose of your life insurance policy is to give your family the money that they need to replace your paycheck.

The second purpose of your life insurance coverage is to replace your paycheck if anything tragic were to happen to you.

The core purpose of a life insurance plan is to offer financial support to the family in the unfortunate demise of the insured.

That's the whole purpose of life insurance — as a contingency to take care of your family's financial needs before you have the money that a large portfolio will provide.

The first purpose of your life insurance plan is to give your loved ones the money that they need to pay off your bills.

As such, the real purpose of a life insurance policy loses its appeal.

Protecting your family is the fundamental purpose of life insurance.

A key purpose of life insurance is to replace lost income.

What was the original purpose of the life insurance policy?

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

Income to the beneficiary is one of the main purposes of a life insurance plan.

The primary purpose of any life insurance policy is to provide financial protection for your loved ones when you die.

The secondary purpose of your life insurance policy is to replace your salary if something were to happen to you.

The core purpose of life insurance is to protect something: your family, business or estate are just a few examples.

The whole purpose of life insurance is to provide peace of mind to you and a secure stream of income to your loved ones.

One of the first purposes of life insurance is to pay off any of those debts that you would leave behind to your family members if you passed away.

Asked another way: What will be the primary purpose of your life insurance policy?

The secondary purpose of your life insurance plan is to give your family the money that they need to replace your annual income.

A Term Plan with Return of Premium is meant to fulfil the basic purpose of any Life Insurance policy by providing financial security for the applicant and his family.

It is the most affordable type of life insurance and suits the most important purpose of a life insurance policy, which is to provide financial protection for your family in case of the death of the policy holder.

While ULIPs serve a dual purpose of life insurance + investment, mutual funds are pure investment products.

The sole purpose of life insurance is to give financial security to the family of the policyholder in case of his absence, but in addition to the life cover, a life insurance policy offers you tax deductions also.

And while factors like the future cash value of the policy are important, the main purpose of life insurance coverage is to provide men and women with peace of mind and the assurance that their families will be taken care of in the event of an untimely death.

The main purpose of a life insurance plan is to pay off all of your debts and other final expenses, which means that if you reach of stage of life where you no longer hold a massive amount of debt, then you don't need insurance coverage.

The basic purpose of a Life Insurance policy is nurturing by definition.

Since the real purpose of life insurance is to cover the remaining earning capacity of the insured, and since this capacity decreases with age, decreasing term insurance is a very good instrument to accomplish this.

The core purpose of life insurance is to protect something: your family, business or estate are just a few examples.

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 whole purpose of life insurance is to provide money to your loved ones in the event of your untimely death.

The first purpose of your life insurance is to help your family pay off any bills that you would leave behind if you passed away.

The secondary purpose of your life insurance plan is to replace your paycheck if something tragic were to happen to you.

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.

Since the main purpose of a life insurance policy is to protect you from such unfortunate events, insurance companies have come up with the accidental death benefit covers in order to enhance the insurance protection in the event of accidental death.

At the most basic level, the purpose of life insurance is to replace something of monetary value when someone dies.

The primary purpose of life insurance is to provide a death benefit that can replace lost income in the event of a death.

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.

Although you would no longer be alive to witness all these, the purpose of the life insurance would have been defeated.

For the purpose of life insurance, it is a relationship in which one party will suffer financial loss in the event of the death of the other.

Life insurance is synonymous with protection, the basic purpose of Life Insurance is to ensure that your family does not suffer any financial difficulties in event of your death.

This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance.

Most people correctly assume that the main purpose of life insurance is to provide financial resources to your loved ones in the event of your death.

Remember, the main purpose of life insurance is to replace your income in the event of your untimely death, allowing your dependents to maintain their current lifestyle as much as possible.

Another personal finance issue similar to the misuse of credit cards is how consumers misunderstand the purpose of life insurance.

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.

One of the purposes of life insurance is to provide cash to help your family at the exact moment when it's needed most.

Remember, the purpose of life insurance is to make sure your family isn't left paying for those expenses on their own.