Sentences with phrase «support purchase a life insurance policy»

Many financial advisors recommend that workers with spouses and families to support purchase a life insurance policy with a death benefit equal to between 20 and 30 times their annual salary.

Not exact matches

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

Ok, so I have 4 small children.Ages 7 down to 1 yr old.Me and their father are not together, but he is actively in their lives.Also he doesn't pay child support but helps me with them.Could I purchase a life insurance policy on him should something happen to him?

Even if you will receive alimony and / or child support, you might consider purchasing a life insurance policy on your ex-spouse.

Anyone who is married and has a family to support should think of purchasing the best life insurance policy.

Both life insurance agents and brokers will help you assess your life insurance needs; arrange for the purchase of a policy; provide ongoing support (say you want to change your beneficiary, renew, convert or change your coverage amount); and help your beneficiary submit a claim should you die while the policy's in force.

For this reason, people who are required to pay their exes spousal support as well as child support may also be required to purchase a life insurance policy.

The court further supported its position by observing that the legislature specifically carved out exceptions to the contestability period in cases of fraud in the purchase of disability and health insurance policies, but provided for no such exception for life insurance policies.

As you can tell we strongly support the purchase of a single premium life insurance policy and why wouldn't we when there are so many benefits.

Also, if you are young and single, but have financial obligations - perhaps you are a co-signer on a mortgage or have a relative who depends upon your support - purchasing a life insurance policy is a wise decision..

Social security and life insurance through your Texas employer will assist your family to some extent, but purchasing a personal policy could support them for years to come.

If you are purchasing life insurance to fund a trust to support a dependent child when you are no longer around, you will need to purchase a policy that will still be active when you pass away.

The Chasm Group, LLC and Chasm Institute, LLC (San Bruno, CA) 1997 — 2008 Business Operations Manager • Managed all daily operational tasks for leading multi-million dollar high - tech market strategy consultancy, while providing executive administration to C - level executives and venture capital partners • Developed and managed the firm's annual budget, proposing and implementing expense cuts, producing monthly reports and financial statements, and coordinating with CPA firm for accurate and timely filings • Oversaw all client relationship management efforts while cultivating new business efforts from concept to implementation, providing high - quality service in sales efforts while utilizing new lead tracking system • Negotiated and managed all contracts, stock grants, and financing arrangements, working closely with outside counsel to draft legal documents and resolve LLC - and proprietary - related issues • Led three office space build - outs and two office relocations, managing all aspects of each process under aggressive timeline and budget expectations • Reduced firm telecom expenses by 22 % by streamlining IT objectives, including migration to VOIP phone system, software / hardware purchases, domain renewals, and outsourced technical support • Directed all phases of staff recruitment while creating and implementing all HR policies and programs, including comprehensive employee benefits plans • Supervised multiple administrative staff members, conducted performance appraisals and wage / salary surveys in comparison to incentive program guidelines, and maintained HR files in accordance with legal mandates • Produced all out - going client invoices in an accurate and timely fashion to increase, cash flow and reduce aging receivables, providing consistent attention to overhead costs and vendor arrangements • Administered all company insurance policies, including E&O, general liability, bonds, partner life and disability, conducting annual benefits reviews and employee / company insurance audits • Obtained necessary certificates for consulting contracts while processing federal, state, and local business reporting requirements to maintain licenses and incorporation status • Directed all marketing efforts and oversaw logistical aspects of national educational workshop series, utilizing sponsorship arrangements to offset production costs • Transformed «brochure» website into a dynamic tool to better illustrate company opportunities through relevant case studies, as well as maintaining all other promotional media, including press kits and video Association of California School Administrators (Burlingame, CA) 1993 — 1997 Issues and Planning Committee Coordinator • Executed all phases of event planning and implementation for a membership - driven organization including 23 state committees, 5 task forces, 6 strategic planning conferences, and a conference of 1,500 attendees • Focused on facility evaluations, bid requests, site visits, contract negotiations, and all pre - and post-conference planning processes • Produced statistical and financial reports, including budget projections and cost monitoring for developmental training efforts • Oversaw all participant - level responsibilities, including inquiries, eligibility, registration, correspondence, and billing statements • Managed all legal professional standards calls for Northern California regions, including the processing of attorney authorizations, the preparation of legal assistance letters, and liens on cause of action • Served as second point of contact for computer inquiries and troubleshooting efforts as well as provided back - up executive administrative support for Executive Director, Committee Chairs, and the State Superintendent of Public Instruction • Held responsibility for software installation and hardware configuration while performing weekly AS / 400 backup and report generation

(c) To the extent necessary to protect an award of child support, the court may order the obligor to purchase or maintain a life insurance policy or a bond, or to otherwise secure the child support award with any other assets which may be suitable for that purpose.