Sentences with phrase «very purpose of insurance»

@Avi That would defeat the very purpose of the insurance mandate, which is to prevent hospitals taking a loss on people who are unable to pay their bills

Not exact matches

It is a very good idea to 1035 the term into universal life if the purpose of the permanent life insurance is for cash value accumulation and distribution.

It is a very good idea to 1035 the term into universal life if the purpose of the permanent life insurance is for cash value accumulation and distribution.

Insurance companies providing health insurance for purebred dogs record how often dogs of each breed use their insurance and for what purpose, and this determines the premiums paid, so for many owners, insuring a particular breed of pedigree dog may mean paying very high premiums in comparison with a crInsurance companies providing health insurance for purebred dogs record how often dogs of each breed use their insurance and for what purpose, and this determines the premiums paid, so for many owners, insuring a particular breed of pedigree dog may mean paying very high premiums in comparison with a crinsurance for purebred dogs record how often dogs of each breed use their insurance and for what purpose, and this determines the premiums paid, so for many owners, insuring a particular breed of pedigree dog may mean paying very high premiums in comparison with a crinsurance and for what purpose, and this determines the premiums paid, so for many owners, insuring a particular breed of pedigree dog may mean paying very high premiums in comparison with a crossbreed.

Such a result would be contrary to the very purpose of disability insurance and the plain meaning of the coverage provision.

In short, a Final Expense policy is a unique type of insurance, designed for a very specific purpose — to cover the typical cost incurred when a loved one passes away.

If you purchase Term insurance for the right purpose and with a full understanding of what it will and won't do, it is a very good option.

If the purpose of the insurance is to pay off a business loan in the event of the untimely death of the principal, or to provide for any other temporary need, a 20 or 30 year term would be very low cost for high face value policies.

Very few households at that age hold that much debt and have nobody that relies on their income, which is two of the main purposes of life insurance.

However, it's very important to note that short - term health insurance plans do not count as qualifying health coverage, and any time period that you're covered by only short - term health insurance will be «uninsured» time for the purposes of the ACA mandate (and avoiding the tax penalty).

This is rediculous for following reasons: a) airlines are not very responsive; b) airlines don't cover 99.9 % of the items and finaly we buy insurance for the purpose of having a peace of mind!

A very low per - incident limit might actually defeat the purpose of pet insurance, which is to allow you to make decisions about lifesaving care without worrying about the cost.

Other types of policies, such as a whole life insurance policy, may be used for death benefits, establishing a legacy and more, but a 10 year term policy often is purchased with a very specific purpose in mind.

Understanding the purpose of life insurance is a very important step in the process.

Unless you ensure some of these very important checks, the very purpose of buying a term insurance plan itself, i.e. protecting your family against financial uncertainties in case of your death, may not be served.

It is a very good idea to 1035 the term into universal life if the purpose of the permanent life insurance is for cash value accumulation and distribution.

The purpose of life insurance is to provide a very necessary financial payout to beneficiaries when they file a claim.

This is very insightful article on unnecessary Insurance policies, like many others I was also trapped in this when I was new in investment filed (in 2007), I bought 2 ULIP plans, I realised in 2010 that ULIP plans are waste and I stopped investing in any more plans, and started building my MF portfolio through SIP, also invested in stocks for long term, and PPF and SSA scheme for tax purpose, but I have not discontinued by ULIP as whenever I think of doing this I feel that I am getting decent returns (though I don't need ULIP for Tax savings now) and I have already taken sufficient Online Term Insurance plan from ICICI Prudential, details of my ULP plans is given below, please suggest if I should continue or make it paid up:

Final expense life insurance is a specific type of insurance policy written for a very specific purpose: to take care of your funeral costs and other small debts lingering around after you're gone.

This defeats the whole purpose of buying life insurance, which is why renewing your insurance policy before it lapses is very important.

While it is true that the core purpose of car insurance is to save expenses incurred for repairing a damaged vehicle, making very small claims could work against this objective.

If it does not, then during medical emergencies, you may end up bearing a major chunk of the medical expenses, thus defeating the very purpose of a good health insurance plan.

Reliance Online Term is simple life protection product that serves two very important purposes: one, it offers an adequate insurance cover that is within an Indian's reach and two, it allows every Indian to buy it because of its minimal costing.

Although if you are buying a term insurance for saving income tax, then your purpose may not be 100 % achieved as the premiums of any term plan is very less.

Each term life insurance policy is designed for a different purpose so the best term insurance policy really has very little to do with the type of policy you choose.

Since the real purpose of life insurance is to cover the remaining earning capacity of the insured, and since this capacity decreases with age, decreasing term insurance is a very good instrument to accomplish this.

Trailer insurance premiums are usually very affordable, but your trailer policy cost is dependent on a number of factors, which include the value of the trailer, its size and purpose, as well as its age.

We understand that Texas insurance rates increase every year, so taking a defensive driving course solely for the purposes of decreasing your insurance rates is very common.

There are many types of trailer insurance, and each one serves a very important purpose when keeping you and your cargo protected.