Sentences with phrase «purpose of paying»

A job serves the purpose of paying for your livelihood and maintaining your lifestyle.

So, here's how it's going to work: Normal people who aren't token speculators will hold fiat, and they will exchange them for tokens at the very last minute via a new third party intermediary payment processor whose job will be to turn whatever stable currency you have into tokens for the purpose of paying for that service.

Carrying life insurance for the purpose of paying these taxes is a prudent move, but definitely a another example of a policy that you simply don't want to outlive.

It is a trust owned policy for the purpose of paying estate taxes so you really have to look at more than just premium paid and death benefit received.

Final Expense Insurance DEFINITION: cash value whole life insurance taken out on the life of the insured with the sole purpose of paying off any final expenses.

There'll be no opportunity to revive the policy — for the purpose of paying a death benefit — by attempting to extend the policy after the fact.

Usually, for the purpose of paying the cancer benefit, the disease is divided into different stages of severity.

These policies, oftentimes also referred to as either burial insurance or funeral insurance, are typically purchased for the purpose of paying for someone's funeral and other related expenses.

Oftentimes, these particular policies are purchased for the purpose of paying for final expenses.

In the case of burial insurance, though, these policies are typically obtained for the key purpose of paying off final expenses.

These plans are typically purchased by individuals who are age 50 or older, and they are for the primary purpose of paying funeral and other related final expenses such as for one's burial plot and headstone.

This could be for the purpose of paying off debts, supplementing retirement income, and / or for taking a nice vacation.

Those who may be hit with estate taxes upon death may also consider purchasing a life insurance policy for the purpose of paying the amount due.

This means that a policy holder can use the cash value — or even a portion of the death benefit — while still alive for the purpose of paying medical expenses, long - term care costs, or other financial obligations.

That means it's an asset you own and can hold for its originally intended purpose of paying out a death benefit to your heirs one day — or, if you decide that you no longer want, need or can afford that policy, one of the options available to you is to sell that asset to an investor in the form of a life settlement.

Some spouses are required to carry up to a million dollar of life insurance for the purpose of paying off a spouse in the event of their death.

Therefore, should the insured person pass away when the insurance policy is in force, the named beneficiary will receive the proceeds for the purpose of paying the insured's final expense costs.

When the ILIT is set up, you will begin to gift funds into the trust for the purpose of paying the life insurance policy's premium.

Life insurance on a non-wage-earning spouse is often recommended for the purpose of paying for household services lost due to this individual's death.

Therefore, when estate taxes are a potential concern, a life insurance policy may be put in place for the purpose of paying such taxes.

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.

While burial insurance may be purchased for the purpose of paying for funeral costs, the proceeds can still be used for paying any expenses that the beneficiary sees fit.

Rather than giving up hard earned savings — or worse yet, selling off precious family heirlooms for the sole purpose of coming up with the money — it is much easier to simply purchase a life insurance policy for the purpose of paying the estate taxes that are due.

The purpose of paying for insurance is to have it when you need it.

«The way the WYO (or «Part B») program is meant to work is that the insurance companies that participate collect premiums and hold that money for the purpose of paying claims.

If you already have points with JetBlue or Southwest, or have a stockpile of Ultimate Rewards points on hand, using them toward an award flight can be a nice use, but the cash cost is low enough that it's not worth applying for a new card specifically for the purpose of paying for flights.

An escrow account is a separate account that holds funds for the purpose of paying bills such as homeowner's insurance and property taxes.

These accounts are set up with a trustee for a beneficiary under the age of 18 with the purpose of paying for said beneficiary's education.

This is why experts often recommend that you should tap equity solely for the purpose of paying off credit card debt.

A Health Savings Account (HSA) is a tax - exempt account established exclusively for the purpose of paying for qualified medical expenses, for you, your spouse and your dependents.

The money in the checking account is already set aside for the purpose of paying your credit card bill.

These programs are designed specifically for the purpose of paying off your debt, and they often come with financial advisors and other helpful resources.

Therefore, should the insured person pass away when the insurance policy is in force, the named beneficiary will receive the proceeds for the purpose of paying the insured's final expense costs.

If your credit score is under 700, getting a low - interest debt consolidation loan in NY, for the purpose of paying off credit card debts, is near impossible.

There's no exception to the penalty tax for amounts used for the purpose of paying this tax.

It is the lender's decision whether the borrower must maintain an escrow account for the purpose of paying taxes and other items.

College savings plans allow the person saving to establish an account for a student (the beneficiary) for the purpose of paying the beneficiary's eligible college expenses.

A mortgage loan made for the purpose of paying off an existing mortgage loan on property.

If he gets declined or approved for a small amount he can call chase (or whatever issuer) and tell them that he intends to transfer this balance over for the purpose of paying it off.

Using a loan to consolidate debt means getting more money from the loan than you still owe on the home for the purpose of paying off credit card debt and any other debt with a higher interest rate than your mortgage.

«You have a $ 400,000 death benefit and want to spend this money while you're alive for the purpose of paying for long - term care.

Somebody I met claims that some «shady» business owners out there can create a company with the purpose of paying for an expensive service - then make that company file for bankruptcy to avoid paying for said service (after the service was already completed).

Such loans are made for the expressed purpose of paying off existing debt, and usually are available at lower interest rates than personal loans for unspecified purposes.

It's a tool that can help you to reorganize your finances around the purpose of paying off debt and to do it in the least amount of time.

This is usually done for the purpose of paying recurring monthly bills such as insurance premiums, cable, Internet or telephone service providers or gym memberships; however you must sign a written authorization with each party who will be making such withdrawals to receive this service.

The proposed tentative capital budget shall not contain any capital debt for the purpose of paying salaries, utilities, supplies or other recurring operating expenses, unless authorized under New York State Law.

Moving country for the purpose of paying less taxes very definitely falls within the definition of tax avoidance, irrespective of whether we might believe that the tax is «reasonably owed».

Gas is actually very important for Neo platform as this token serves the purpose of paying for running smart contract operations, which means that Gas is actually powering up smart contracts, which is one of the most important features that Neo has as a platform.

I wouldn't sweat it too much b / c your gains are huge, and you're using it for its main purpose of paying for education.

The court granted her request but also allowed a visitation petition by the child's non-biological mother, ruling it would be inconsistent to consider the latter a parent only for purposes of paying support.