Sentences with phrase «use the money for funeral»

The beneficiaries can use this money for funeral expenses, medical bills, mortgage payments, etc..

Not exact matches

Labour MP John Mann also hardened his position over the funeral, as more left - wingers started expressing their discomfort with the perceived «canonisation» of the former PM and the use of taxpayers» money for the funeral.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

Only use the money for unpleasant surprises like a car accident, trip to a funeral or hospital visit.

If you're active - duty or retired military personnel, you can apply for an emergency military loan and use the money pay for everything from natural disaster damages to funeral expenses.

Some or all of this money could be used to pay for your funeral.

While the intent is for the money to cover funeral expenses, beneficiaries can use the money any way the desire.

It won't be long before you have a small pile of money that could be used for any of your family members for a funeral.

Another avenue is to begin a savings account and put some money away each month that can be used for the funeral.

A pre-need funeral trust serves the same purpose as pre-need insurance — money to be used specifically for funeral expenses — but rather than the funeral home waiting for the insurance policy to pay out, you contribute to a trust that accrues interest over time.

To pay for Pig 1's funeral, Pig 2 had to use her penicillin money — and then she died.

If you are elderly or otherwise very ill and have little to no savings that could be used for a funeral, guaranteed life insurance could provide you with enough money to pay for a funeral.

However, setting up these plans so far in advance comes with it's own downsides, as a lot can change in the interim (like the funeral home changing ownership) and you won't have that premium money to use for other purposes (investment, for instance, which will net you a much greater return and can be used for funeral payments once you actually pass).

If you pass away during the term (duration) of your mortgage life insurance policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..

The money can be used for funeral expenses, to replace your lost income, pay outstanding bills, fund your child's college education and more.

First, when you buy a life insurance policy specifically for your burial expenses, it does not mean all the money must be used for the funeral.

Typically, this money is used to cover the loss in salary for the deceased's spouse, cover funeral expenses, handle outstanding debts, and generally provide for anything the family and friends need during the time of loss.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

And, you can use money from the life insurance policies to help pay for your parent's burial, funeral, casket, memorial service and other final expenses.

If you need to cover the final expenses in life and ensure your family has money to use for your funeral, medical bills, and other related expenses, this could be the final expense insurance policy you need.

And, you can use some of the money from the policy death benefit to help pay for your parent's funeral and burial costs.

And, you can use some of the money from the life insurance policy to help pay for your parent's burial, funeral, and other final expenses.

So, if you want to have your spouse or children pay for your funeral expenses from your life insurance policy, you could ask them to do so by using the money from your life insurance plan.

These policies typically offer $ 50,000 to $ 5,000,000 in life insurance protection and they can be used to provide money for funeral expenses, estate planning, pension maximization, or to provide a surviving spouse with income protection.

The beneficiary can use the money for any purpose he or she chooses to; such as, to pay for living expenses, pay for your funeral and burial costs, pay off debt including mortgage and credit card debt, or use the money to replace your income, among other things.

Senior citizens can easily gain many benefits by getting life insurance over 80 no medical exam even in their older age.The amount of money that will be given to their children or beneficiaries after their death, can be used for the funeral expenses of the holder.