Sentences with phrase «smaller inheritance policies»

It was an awesome estate tool, allowing parents and grandparents to convert multiple smaller policies from their term policy for different uses such as charitable giving life insurance or smaller inheritance policies.

Not exact matches

For example, you could get a 30 - year term policy to cover your mortgage and family needs such as tuition and then supplement it with a small whole life policy that will cover your funeral costs or any medical bills and leave behind an inheritance.

Small inheritances, insurance settlements, cash - value life insurance policies, even borrowing from friends and family are a few of the alternate sources of funding that New Era clients have used to take advantage of extra large debt reductions.

If you want to leave your next of kin a small inheritance or let them make decisions about your funeral service, a guaranteed issue life insurance policy may be a better choice.

For example, you could get a 30 - year term policy to cover your mortgage and family needs such as tuition and then supplement it with a small whole life policy that will cover your funeral costs or any medical bills and leave behind an inheritance.

This policy will have cash equity in a few years, which she can borrow against, if necessary, or simply leave a small inheritance for her children.

Others consider buying a life insurance policy to leave their dependents a small inheritance or reduce estate taxes.