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Life insurance can play an important role in your family's or your business's financial wellbeing. The proceeds from a life insurance policy usually are tax-free and can be used to pay off a mortgage, to pay for college educations and to pay final expenses and other outstanding bills. In other words, you family will not need to liquidate assets such as a home to pay necessary expenses.
The purchase of life insurance can be quite confusing. We hope that the following frequently asked questions will aid you in your decision-making process.
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