Sentences with phrase «surviving family»

They are also well - suited to people who know for certain their need for life insurance coverage will be temporary — in other words, they feel their surviving family members will no longer have a need for the extra protection life insurance provides or that they will have accumulated enough liquid assets to self - insure.

Chiefly, how is the surviving family member's share in the company going to be settled?

In these policies, the insurance company pays for out death benefits to the surviving family of the policyholder so long as the specific contract is still in force.

The primary purpose of life insurance — to provide income to the decedent's surviving family members.

This assessment determines a client's income potential to formulate the corresponding death benefit, should the client die today, to continue to provide for the surviving family in the future based on the client's occupational income history and future potential.

This assessment is more commonly used because it evaluates the specific financial needs of the client's family including medical deductibles and final expenses, surviving family maintenance income (mortgage, cost - of - living expenses), and future income needs such as college tuition and spousal retirement income.

If only one spouse works at an income producing job and the working family member dies, the surviving family members will have no income to live on in the coming months and years.

If we can pay off part of the mortgage with a PPO, this allows the surviving family members to stay in the home after the death of a loved one.

Getting your home paid off when a loved one dies eliminates the largest expense in most families» budgets for the surviving family members.

For many people, especially those with serious medical issues, even a smaller life policy ends up providing a lot of value for the surviving family.

By protecting your mortgage payments for a period of one to three years, you have an important financial safety net for the surviving family members.

This can allow your surviving family to pay off your home early, or pay off other bills and liabilities when your insurance policy terminates.

The ability to pay off the farm and allow the surviving family members to move in, are one of the many benefits of life insurance.

If you leave behind bills like a mortgage or medical expenses, your life insurance policy can cover these costs and relieve your surviving family of your debts.

If you have been ill for some time prior to your death, you may well have incurred large medical bills and your surviving family will be left to pay these.

Leaving a mortgage behind on your primary home, or even a vacation home, can be a financial burden for your surviving family members.

With relation to the death benefits of a life insurance policy, accumulation benefits could help in the reduction of funeral costs, paying off of estate's debts and supplemental provisions for the surviving family's future needs.

Wiping out major debts, whether a mortgage, car payment, boat payment or the cost of sending a child to college, could be the difference between your surviving family members maintaining their current lifestyle and having to sell the family home.

Also, if when you die, you have any other outstanding debts these will also be left for your surviving family to pay for and this in itself can create a massive financial burden for them at a time when they least need it.

The death benefit of a life insurance policy can also provide surviving family members with financial assistance that they may need to life a comfortable life and achieve their goals.

My experience, in serving others and especially in working with surviving family members, has made a profound impact on me and the way that I look at life in general.

This money can help your surviving family members pay for your final expenses, estate taxes or more.

6) Family Life Insurance — A policy which can be either a Term or Permanent life insurance policy and is intended to provide financial protection or a financial safety net for the welfare of the family to ensure the surviving family members are able to maintain their standard of living.

Not only are the death benefits important for surviving family members, but many plans enable policyholders to borrow against it for other monetary needs such as college funding and retirement.

Appendages that you can't supply after your demise and a bill that will be submitted to your surviving family.

Life insurance can also help to provide financial security to surviving family members and lay down a solid foundation for future generations.

What would the surviving family have done without these funds?

Even having an extra $ 25,000 to $ 50,000 in mortgage protection will allow your surviving family members a year or two of mortgage payments while they work things out financially; it will provide them options that they will not have without mortgage protection.

Factors you should consider include anticipated final expenses (e.g. medical bills and burial costs), living expenses for your surviving family members, any outstanding loans (e.g. auto and credit cards), the outstanding balance on your mortgage, anticipated education costs for your children, estate taxes, and business continuation expenses.

They can use the money to pay off a mortgage, other debts, or help with the day - to - day expenses of the surviving family members.

The last event you will want is your untimely passing to cause your surviving family members to lose their home because your income has stopped and there is no way to make the mortgage payments.

Your future obligations are a combination of what it would cost to help your surviving family members meet immediate and ongoing needs like funeral costs, taxes, food, clothing, utilities, mortgage payments, and your future obligations like college and retirement funding.

In support of their claim the Claimants sought to introduce an expert report from a rehabilitation consultant to address future care needs for the surviving family members.

If the brain injury is fatal, surviving family members may be able to pursue additional compensation for funeral and burial expenses, and other damages through a wrongful death claim.

com APR 2018 PERSONAL INJURY For the past 40 years, Ralph Pelaia has been working in the legal profession securing verdicts and settlements for personal injury victims and the surviving family members who have lost love ones in car, truck and motorcycle accidents throughout Texas.

The personal representative of a deceased person's estate files a claim in order to pursue damages on behalf of surviving family members.

As such, the parties at fault are liable to injured victims and surviving family members in damages.

As such, a wrongful death claim is brought to recover damages for the injuries that the surviving family and / or estate have suffered due to the death of the victim.

Commenting on handling probate, Joyce Bradbeer, a probate specialist and Partner at Moore Blatch solicitors said; «Where some accountants may view applying for probate as just a form filling exercise, a solicitor will tend to know the family and will offer support and advice to surviving family members.

When a distracted driving crash results in an injury or death, Colorado law allows the injured person or his or her surviving family members to seek compensation from the distracted driver through the legal system.

As a testament to our dedication to working wholeheartedly for our clients, we have secured million - dollar settlements on behalf of injured victims and surviving family members throughout Indianapolis and Lebanon.

The man's suffering and death were caused by his regular physician, his surviving family said in a -LSB-...]

Whether the victim of an automobile accident has grounds for a personal injury action (or whether his surviving family has grounds for a wrongful death lawsuit) rests on the post-accident investigation report findings.

Earlier this month, the Supreme Court of Mississippi issued an opinion in a wrongful death case filed by the surviving family members of a man who was killed in a truck accident.

Often, these types of accidents are fatal, leading surviving family members to bring a wrongful death claim in order to protect their family's financial future.

In those tragic situations, surviving family members may bring wrongful death claims related to the death of their loved ones, and the victims of the catastrophic injuries may seek compensation for the impact that those injuries will have on the rest of their lives.

Generally, only the closest surviving family members like children or a spouse, or those who depended upon the victim for support can bring a wrongful death action.

These laws also provide specific remedies for surviving family members who are victims of maritime wrongful death.

In such cases, the victim's surviving family members have the right to sue for «wrongful death».

At the law firm of Farar & Lewis LLP, we represent surviving family members who are suffering at the hands of a negligent driver.