Sentences with phrase «settle financial liabilities»

Personal life insurance cover helps dependents to settle financial liabilities after an insured dies.

Not exact matches

Without admitting fault or liability, 32 lenders agreed to settle allegations against them, including CitiMortgage (which paid a fine of $ 700,000), Equitable Trust Mortgage Corporation, Baltimore, MD ($ 277,500), Financial Mortgage USA, Inc..

But to explain in simple words, it is the (financial) ability of the insurance company to settle all its liabilities (which include Claims from all term insurance plans) in case there is a situation of insolvency (bankruptcy) because of a sudden unforeseen event.

Collaborative divorce is a private dispute resolution option which requires each spouse to: (i) treat one another respectfully, (ii) be open and honest in his or her financial dealings, (iii) agree to settle things privately and not to engage in courtroom battles, (iv) hire an attorney for the limited purpose of helping the parties reach an agreement which addresses both parties» concerns, (v) utilize a neutral facilitator (which is substantially the same as a mediator except anything said in front of the facilitator may be disclosed to the other spouse), and, (vi) if there are substantial assets and liabilities, engage a neutral financial professional.