Sentences with phrase «replacing lost income»

Whether you use it for treatment, replacing lost income, or any other purpose, is your decision.

Typical reasons for buying life insurance include paying funeral expenses, providing mortgage assistance, supplementing educational expenses for children and spouses, replacing lost income, and helping to protect the value of an estate after the insured passes on.

Those against life insurance for children will state that insurance is only for replacing lost income or covering debts, and since a child has no income or debts, he or she does not need coverage.

A key man life insurance policy can, therefore, help with replacing this lost income for the individual's survivors.

One reason for this is because the proceeds from a life insurance policy can be used for paying off massive debts — such as a mortgage — as well as for replacing the lost income of a breadwinner so that a spouse and children can continue to pay their everyday living expenses.

Term Life Insurance is the best option if you want a shorter period of time and a great deal more economical for replacing lost income before retiring that will cover debts that have built up, or to cover your mortgage.

A term life policy protects your loved ones in the event that you pass away, providing a death benefit (a payment) designed to cover immediate expenses by replacing your lost income.

Many people buy Term Life Insurance with the idea of replacing lost income.

Whether it's for replacing lost income, paying for your child's education or making sure your spouse and / or parents get the much - needed financial security, life insurance could save the day for your surviving dependants.

The proceeds from a life insurance policy can provide a way of replacing that lost income source.

Farmers Simple Term is intended to help cover obligations that end, such as mortgages, car loans, college tuition or replacing lost income.

The most common reasons for purchasing life insurance include coverage of debt, specifically a mortgage, replacing lost income for survivors and making sure there are funds available for education of children.

Because while a short - term disability could be covered by a healthy emergency fund, an extended disability is much more likely to deplete your family's savings and put you in a difficult position unless you have some way of replacing your lost income.

These may include replacing lost income so that everyday expenses can be paid, the payoff of large debt such as a home mortgage, and / or ensuring that funeral and other final expenses can be taken care of, without having to dip into savings or put them on credit.

Aside from replacing lost income, life insurance can also be used to pay off any debts owed by your estate.

Ability to use a portion of your policy face amount while you're still alive, replacing lost income and providing for in - home care should you suffer a «Terminal», «Critical» or «Chronic Illness».

The death benefit from a life insurance policy can be used for immediate needs such as paying for medical expenses and a funeral as well as longer term needs such as mortgage assistance, funding educational expenses, replacing lost income and potentially maintaining other investments.

Replacing lost income is often overlooked when purchasing insurance mostly because other concerns take precedent.

It can provide for children and spouses while replacing lost income, paying bills, funding education and covering funeral and final expenses.

When you factor those in along with covering things like final expenses, and replacing lost income, that determines how much life insurance you need.

Those against life insurance for children will state that insurance is only for replacing lost income or covering debts, and since a child has no income or debts, he or she does not need coverage.

But they aren't the only people who might benefit from a policy replacing your lost income.

Business interruption insurance can solve the problem of seeing you through while you rebuild your business by replacing lost income and paying normal expenses.

Life insurance is intended to replace lost income if the policyholder dies prematurely, he explained.

So my outlet was building this site methodically in order to replace my lost income, and then aggressively save and invest.

There's no real answer for them, other than cutting back and trying to replace the lost income.

Here's how it works: life insurance typically replaces lost income, so most people insure their primary breadwinner.

It's intended primarily to replace lost income, so it makes no sense to have a life insurance policy on your children.

For example, a $ 500,000 policy may pay out 1 %, or $ 5,000, a month to replace lost income.

When you plan for life's uncertainties by having a life insurance policy, you provide your family the opportunity to help replace lost income, eliminate debt, pay for college, keep a business afloat, protect family wealth, or address other financial needs and goals while they adjust to a new life.

One of the biggest benefits of term life insurance is that it helps your family replace your lost income upon your death.

Are you looking to have the death benefit pay off all your debts (mortgage, loans, etc.) and pay for your final expenses (tax, funeral costs) or do you want it to provide a stream of income to your loved ones to replace your lost income?

In most cases, life insurance policies are purchased to replace lost income and pay for funeral and memorial expenses if you or your spouse dies.

Mr Hockey said that in the 1980s, when negative gearing was briefly removed, there was a backlash from investors who increased rents to «replace the lost income» negative gearing had provided.

Monumental Life Insurance offers policies to replace lost income for loved ones should you unexpectedly die.

If your claim fulfills the terms of the policy, your beneficiaries will receive a death benefits that can help replace lost income and pay expenses.

You could lose a client and it might take weeks or months to replace this lost income.

Life insurance is can help you loved ones replace your lost income if you were to pass away.

I expect to fully replace this lost income very quickly, and actually hope to increase it by investing in a stock that's yielding slightly higher.

When Lindsay from Notorious Debt lost her job, she didn't have a fully funded e fund, so she stepped up her freelancing side hustle to successfully replace the lost income.

Because doubling his profit on that triennial vaccine does nothing but replace his lost income from the annual vaccine.

Understandably, most individuals do not have the cash on hand to pay the medical bills for serious injuries, to replace your lost income, and repair or replace your vehicle.

Workers» compensation laws provide monetary compensation to pay for medical expenses and to replace lost income as a result of injury or illness that arise out of employment as well as other compensation awards and benefits.

These benefits may include disability payments to replace lost income, money to cover attendant care or caregiving expenses, money to pay for house cleaning and maintenance, or payment for physiotherapy and other medical and rehabilitation expenses.

In these cases, the family isn't necessarily looking for a policy to protect young children, replace lost income, or cover the cost of a mortgage.

However, one of the most important reasons is to replace the lost income of the spouse, parent, or breadwinner of the family.

It can, however, be financially rewarding for an insured's survivors who need the death benefit to pay off debts or to replace lost income.

In the case of someone who's married with a family, it can replace lost income, help to pay any lingering debts after your death or pay for your children's college education.

A life insurance policy can provide a way for your spouse or significant other to replace that lost income, without them having to drastically change their lifestyle or go into a substantial financial hardship — especially at an already difficult time for them.

First and foremost, it can replace lost income for your loved ones if you leave behind a spouse or children who depends on your paycheck to cover day to day expenses.