Sentences with phrase «survivor life insurance covers»

Last - survivor life insurance covers two lives under one policy.

Not exact matches

Family - owned life insurance: In the event of your death, your survivors will appreciate having insurance cover estate taxes, your home mortgage, and other expenses.

Mortgage payment fund: Whether or not your survivors would use life insurance proceeds to pay off the mortgage right away, creating a fund to cover mortgage payments makes sense.

The life insurance company pays out the death benefit after the first person dies, so the survivor has money to cover expense, such as burial costs, pay debts, pay bills, etc..

Plan ahead — buy enough life insurance to cover the potential costs of settling your estate and to ensure that the assets you leave to your survivors aren't less than you intended

Term life insurance covers you for a specific period of time — in this case, until your student loans are paid off — and gives your survivors a tax - free lump sum of money that they can use to pay off your debts.

An effective and relatively inexpensive life insurance policy that covers two people but only pays on the last survivor's death is called joint last - to - die life insurance.

With last - survivor or second - to - die life insurance, the death benefit is paid after the second person covered under the policy dies.

Even if you don't have dependents, purchasing a life insurance policy can be an excellent way to cover your debts and provide for survivors if you should pass away unexpectedly.

Same - sex couples also have the right to apply for Canada Pension Plan survivor benefits (if the couple has lived together for at least one year prior to the death of their common - law spouse) and have entitlements to be covered under each other's car insurance.

Unlike survivor life cover, insurance premiums for joint life insurance are considerably much higher.

Because it is meant to cover your entire life, there is a greater chance that the life insurance company really will have to pay benefits to your survivors.

When you buy life insurance, decide what you want your life insurance to pay for and what expenses your survivors will need to cover without your help.

Unless you already have sufficient financial resources to cover these expenses, your survivors will most likely need life insurance to help pay for it all.

Also called survivor life insurance, this type of insurance helps cover two people and is often used to support long - term estate planning needs.

Term life insurance covers you for a specific period of time — in this case, until your student loans are paid off — and gives your survivors a tax - free lump sum of money that they can use to pay off your debts.

An early form of life insurance dates to Ancient Rome; «burial clubs» covered the cost of members» funeral expenses and assisted survivors financially.

The death benefit from a life insurance policy will enable the survivors to stay on the farm, continue the education of any children or grandchildren, and can also cover the expenses associated with any estate or inheritance taxes, farm debt, estate administration, and provide income protection for the surviving spouse and other family members.

A survivor universal life insurance policy will cover two people within just one single life insurance policy.

Specifically, West Coast Life provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their reinsurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their reinsurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremlife - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their reinsurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retiremLife Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their reInsurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their reinsurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

Your survivors could use the life insurance policy's death benefit to pay off debts, cover funeral expenses, pay ongoing bills and meet long - term financial goals like college education for your kids.

Joint and survivor life insurance policies also cover two lives.

Joint and Survivor Whole Life Insurance: If you're married, you can each purchase a single policy that covers your respective lives.

The purpose of North Dakota Life insurance is to pay a pre-determined sum of money, known as a death benefit, to your survivors in the event of your death, to cover expenses and make up for the lack of your income.

Even if you don't have dependents, purchasing a life insurance policy can be an excellent way to cover your debts and provide for survivors if you should pass away unexpectedly.