The primary benefit of spouse voluntary life insurance is the financial protection it offers to your spouse. In the event of your spouse’s untimely death, the policy will provide a death benefit that can be used to cover immediate expenses, such as funeral costs, as well as long-term ...
Definition of spouse in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is spouse? Meaning of spouse as a finance term. What does spouse mean in finance?
The term is gender neutral, whereas a male spouse is a husband and a female spouse is a wife. Espouse To adopt or support a cause, belief, or way of life. He espoused the principles of classical liberalism. 6 Spouse A husband or wife, considered in relation to their partner. Espouse ...
“Basically, if the cost of life insurance is greater than the difference, the analysis fails. She should keep the survivor options,” said Karp. If the cost of insurance is less than the difference, you’d want to go that route. Planning for the long term But th...
Spouse's Renewable Term Rider Spouse-breach Spouse-Like Friend Spouse/Common-Law Partner spoused spoused spoused spoused Spouseless spouses spouses spouses ▼Complete English Grammar Rules is now available in paperback and eBook formats. Make it yours today! Advertisement. Bad banner? Please let us...
Create A SLAT (Spousal Lifetime Access Trust).ASLATis an irrevocable trust where one spouse makes a gift into a trust to benefit the other spouse (and potentially other family members) while removing the assets from their combined estates. All appreciation of transferred assets are not subject ...
Spend according to your goals:Not only are Sokunbi and her partner on the same page with making expensive purchases, but they share the same short- and long-term financial goals for their family. What they decide to buy or not buy and how they spend their money reflects these ambitions. ...
are covered. Even if one spouse does not have an income, it is important to consider the long-term cost of childcare if that spouse were to pass away when there are young children in the home. Determining this amount can be difficult, but you can use ourLife Insurance Needs Calculatorto...
your spouse may have owned a long-term investment that may have pre-dated your marriage; such assets may fall under “out of sight, out of mind.” You may need assistance to not only ensure that all assets are properly identified, but also that such assets are properly transferred or dist...
Respite care is short-term temporary care that allows a caregiver to take a much-needed break from the demands of regular caregiving. This is especially important when dealing with symptoms of Parkinson’s psychosis, such as hallucinations.