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Life insurance is an essential part
of financial planning. People buy life insurance to
replace income that might be lost with the death of
a wage earner. The cash provided by life insurance also
can help ensure that your dependents are not burdened
with significant debt when you die.
Life insurance proceeds could mean
your dependents won't have to sell assets to pay outstanding
bills or taxes. An important feature of life insurance
is that there is no federal income tax on proceeds paid
to beneficiaries.
Choosing which type of life insurance
policy to buy is a very important decision. Your decision
can be the difference in providing future financial
security for you, your family and/or business associates.
And this is not always an easy decision.
At Thomaston Insurance Center, we can help you make
the right decision regarding your insurance needs.
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