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Paying for life
insurance is an expense, but few can do without it. The key is to buy life
insurance for those losses, such as your income, that you or your
family can not replace. Avoid narrowly defined life insurance
policies that only cover specific loss of life, such as
accidents, plane crashes or cancer. You're better off with
insurance for any loss of life for a small increase in premium.
Don't skimp on life insurance. To determine the amount of a life insurance
policy, estimate your dependent's living expenses if your
income is no longer available. Most life insurance consultants
estimate five to ten times your annual income.
LPL Insurance is an
Independent Agent, representing a number of quality life
insurance companies. Let us help you select the best
company for your needs -- to protect you and your
business.
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to our Life Insurance Section
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