Sentences with phrase «than an income replacement»

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

They would not count on this money for anything other than income replacement to be used to pay month - to - month bills when one of them died.

Would this option be financially more or less profitable than an income replacement term insurance plan?

Not exact matches

Although it is not a point specifically about replacement rates, it is worth noting that the StatCan analysts found that there was an equalizing tendency in retirement incomes as the incomes of the top quintile fell more than that of the lowest quintile.

Given the above assumptions for retirement age, planning age, wage growth and income replacement targets, the results were successful in 9 out of 10 hypothetical market conditions where the average equity allocation over the investment horizon was more than 50 % for the hypothetical portfolio.

Schedule your Knee Replacement for 2018: If you itemize, the new law allows you to deduct qualified medical and dental expenses that exceed 7.5 percent of your adjusted gross income (AGI)-- that's a lower threshold than the previous 10 percent (the level returns to 10 percent beginning January 1, 2019.)

Rather than becoming complacent with the spare side income, he developed a method of receiving and shipping replacement parts, has set up a marketing system for the franchisees, and now earns an income that is almost 100 % passive!

In more than a dozen interviews with The Daily Orange, public housing tenants living by I - 81 in the low - income, majority black East Adams Street neighborhood expressed increasing frustration and anxiety with what several called an unnecessary delay of the interstate's replacement project.

These filters can generally remove more than 90 percent of the incoming chlorine and are designed with a replaceable cartridge that is simple to install, compatible with most showerheads, and generally needs replacement only once a year.

This lowers the standard of living of working Canadians relative to Americans and makes it easier for Canadians to retire comfortably with a smaller income and a lower replacement ratio than Americans.

Dear Gajanan, I believe that it is better to stick to basic life cove plans than to take «income replacement» specific term plans.

A: Mary, if you, your husband or your children are no longer dependent on your current income than life insurance in terms of income replacement is not really necessary.

Given the above assumptions for retirement age, planning age, wage growth, and income replacement targets, the results were successful in 9 out of 10 hypothetical market conditions where the average equity allocation over the investment horizon was more than 50 % for the hypothetical portfolio.

Given the above assumptions for retirement age, planning age, wage growth, and income replacement targets, the results were successful in nine out of 10 hypothetical market conditions where the average equity allocation over the investment horizon was more than 50 % for the hypothetical portfolio.

Your own car insurance will also pay you an income replacement benefit up to a specified maximum if you can't work for more than 7 days after the accident.

(a) subject to clause 6 (2)(a) and despite clause 6 (2)(b), the insured person is entitled to an income replacement benefit for not more than 208 weeks after becoming entitled to the benefit; and

(a) an income replacement or non-earner benefit paid under this Regulation or the Old Regulation, unless the benefit is paid more than 104 weeks after the onset of the disability,

(3) If a person qualifies for a non-earner benefit under paragraph 2 of subsection (1) and more than 104 weeks have elapsed since the onset of the disability, the amount of the non-earner benefit is $ 320 for each week that the insured person suffers a complete inability to carry on a normal life, less the total of all other income replacement assistance, if any, for the same week.

(2) An income replacement benefit is no longer payable to a person to whom subsection (1) applies if more than 208 weeks have elapsed since the person became entitled to the benefit.

For example, the income replacement benefit under the Statutory Accident Benefits has been $ 400 per week for more than a decade.

However, for some claimants the line becomes blurry and the decision is particularly important where the income replacement benefit would be less than the set non-earner benefit amount.

Tyrone and Aisha knew that, when one of them died, they would need more than $ 100,000 in income replacement life insurance coverage.

This was more than enough for a modest funeral that she had planned, plus it accounted for three years» worth of income replacement for Hank if she died while she was still working.

In contrast with Social Security replacement rates shown in Table 7, which would be only slightly lower than in 2005, total retirement income replacement rates in 2040 are projected to be significantly below those in 2005.

Pension maximization involves determining whether or not a life insurance policy can provide a comparable replacement income for your surviving spouse for less than the monthly reduction of selecting a joint - life annuity plan.

This may be sufficient if you only need enough coverage to pay for your funeral and burial costs, but if you need to provide a replacement income for your family for more than a couple of years, you'll probably want to consider purchasing more coverage.

Children, income replacement, wealth building and so on simply takes more insurance than people can afford to purchase in a permanent policy.

This means that you are looking more at income replacement and retirement protection than debt payment for the life insurance policy to cover.

the new income replacement policy I took out was at a better rate class than my first one, so when I applied for it I replaced a $ 500,000 policy with a $ 1 million 20 year term policy.

Income supplement or replacement for a spouse who earns less than his or her marital partner.

The seller has 45 calendar days to identify the replacement property, and the exchange must be completed no later than 180 days after the sale of the original property OR the due date of the income tax return (with extensions) for the tax year in which the relinquished property was sold, whichever is earlier.

Cash Boot Potential: If the equity in the relinquished property is greater than the cash invested in the like - kind replacement property, then the Investor may incur depreciation recapture and capital gain income tax liabilities.

The second limit is that the replacement property must be received and the exchange completed no later than 180 days after the sale of the exchanged property or the due date (with extensions) of the income tax return for the tax year in which the relinquished property was sold, whichever is earlier.