Sentences with phrase «to replace the lost income»

Provides monthly payments to help replace lost income if you are completely disabled due to an illness or injury.

A key man life insurance policy can, therefore, help with replacing this lost income for the individual's survivors.

This type of coverage protects you for a specific period of time to help replace lost income if a head of household passes away.

However, the funds could also be used for paying a remaining mortgage loan or to replace lost income of the insured party.

You can use that money to help pay for medical bills, replace lost income from work, etc..

Permanent insurance is commonly used for wealth transfer and estate planning purposes, while term insurance is used for replacing lost income in the event of premature death.

This rider provides for the insurer to pay the insured a monthly benefit in order to help replace lost income as a result of a disability.

Life insurance is can help you loved ones replace your lost income if you were to pass away.

While health insurance is designed to protect against financial loss in the event of medical expenses, it does not replace lost income during a period of disability.

Term life insurance can be used to replace the lost income so the survivor can maintain the same standard of living.

Life insurance benefits don't just replace your lost income.

One of the biggest benefits of term life insurance is that it helps your family replace your lost income upon your death.

One of the biggest benefits of term life insurance is that it helps your family replace your lost income upon your death.

That's because term life is the true definition of life insurance — to replace lost income due to premature death.

Even if a person losing his or her job qualifies for unemployment benefits, these usually take some time to be approved and normally don't completely replace the lost income.

But they aren't the only people who might benefit from a policy replacing your lost income.

I expect to fully replace this lost income very quickly, and actually hope to increase it by investing in a stock that's yielding slightly higher.

It can provide for children and spouses while replacing lost income, paying bills, funding education and covering funeral and final expenses.

Life insurance policy proceeds can help to replace this lost income stream for a survivor.

If you exercise the business interruption option, commercial property insurance can also replace lost income and pay suppliers while your business is being put back together after a covered loss and claim.

A life insurance policy can replace the lost income value of that business to your family.

The purpose of disability insurance is to replace the lost income from work if you become disabled and are unable to work.

Permanent insurance is commonly used for wealth transfer and estate planning purposes, while term insurance is used for replacing lost income in the event of premature death.

The most common reasons for purchasing life insurance include coverage of debt, specifically a mortgage, replacing lost income for survivors and making sure there are funds available for education of children.

Life insurance is can help you loved ones replace your lost income if you were to pass away.

A term life policy protects your loved ones in the event that you pass away, providing a death benefit (a payment) designed to cover immediate expenses by replacing your lost income.

It was designed to replace your lost income during your income earning years.

Life insurance can be used to replace the lost income so the survivor can maintain the same standard of living.

Many people choose to get life insurance to replace lost income of the main bread - winner of a family.

Although you may not think about it, your ability to earn income is a significant asset and life insurance helps replace lost income in the event of your premature death.

Life insurance benefits don't just replace your lost income.

Here's how it works: life insurance typically replaces lost income, so most people insure their primary breadwinner.

When Lindsay from Notorious Debt lost her job, she didn't have a fully funded e fund, so she stepped up her freelancing side hustle to successfully replace the lost income.

While these figures do not totally replace lost income, workers» compensation benefits are not taxable.

Having life insurance on your spouse can help you with replacing lost income to your household and / or with paying the cost of what it would take someone to come in and take over all of his or her duties.

These may include replacing lost income so that everyday expenses can be paid, the payoff of large debt such as a home mortgage, and / or ensuring that funeral and other final expenses can be taken care of, without having to dip into savings or put them on credit.

Term Life Insurance is the best option if you want a shorter period of time and a great deal more economical for replacing lost income before retiring that will cover debts that have built up, or to cover your mortgage.

✔ Replace lost income for you and your spouse if you need to stop working temporarily to take care of the insured who is critically ill

They agreed to delay the sale of their real estate holdings to maximize the sales price; instead the husband would pay the wife monthly payments to replace her lost income until they sold those properties.

Specifically tailored for those only looking to replace lost income from work, the policy is built to match your career, at least up to the age of 65.

Workers» compensation laws provide monetary compensation to pay for medical expenses and to replace lost income as a result of injury or illness that arise out of employment as well as other compensation awards and benefits.

Short - term disability insurance provides funds to help with monthly debt obligations like car loans, mortgage, rent, and credit cards — or to help replace lost income if you become disabled.

Life Insurance can help replace lost income due to death.

And a disability insurance policy is designed to indemnify an insured by replacing lost income during a time of disability.

For those who haven't purchased a life insurance policy outside the workplace, supplemental life through an employer could help their loved ones replace lost income and cover monthly expenses without pulling from savings.

One reason for this is because the proceeds from a life insurance policy can be used for paying off massive debts — such as a mortgage — as well as for replacing the lost income of a breadwinner so that a spouse and children can continue to pay their everyday living expenses.

Long - term disability insurance provides funds to help replace lost income if you become disabled.

The primary purpose of life insurance is to provide a death benefit that can replace lost income in the event of a death.