Sentences with phrase «sole purpose of life insurance»
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.
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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.
5) Income Replacement Life Insurance — Policies which are purchased for the sole purpose of income replacement should the primary breadwinner die.
Thus, a whole life insurance policy leverages a portion of your financial resources for the sole purposes of providing a legacy to your beneficiaries, while still maintaining control of your assets.
We are comprised of seasoned life insurance professionals whose sole purpose is to find you the best company based on your specific needs, wants and goals.
STOLI transactions involve the purchase of life insurance policies for the sole purpose of selling them immediately.
Our sole purpose is to empower modern consumers through our informative articles and state of the art comparison tool which allow you to see most up to date quotes from over 60 top rated life insurance companies.
Some life insurance policies are purchased for the sole purpose of providing a death benefit.
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 Insurance DEFINITION: cash value whole life insurance taken out on the life of the insured with the sole purpose of paying off any final insurance taken out on the life of the insured with the sole purpose of paying off any final expenses.
Would any father like to insure his child aged 10 yrs... The answer is NO...... The sole purpose of Adding Life Insurance in JUtkarsh is to provide for a collateral in case of educational loans from banks.......
That is the sole purpose of mortgage life insurance, which is sometimes bundled with a home mortgage.