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No one wants to think about losing their life-long partner, but avoiding the topic is not going to help prepare your finances for the inevitable.
    

The loss of a spouse, an intensely painful event, can also have major financial repercussions for the surviving spouse especially when chilldren are involved.

    
Statistics have found that in many cases it leaves the survivor more vulnerable financially; and can trigger, particularly for widows, a sharp decline in income.

    
Life insurance can be used as mortgage protection to pay off an existing mortgage balance if you die, as income replacement for the surviving spouse, to pay off credit cards, funeral expenses, medical bills, estate taxes or other debt, and pay for college for surviving children.

    
Couples who do not prepare a financial contingency plan leave their unprepared survivor vulnerable to a variety of risks.

    
For more information on life insurance CLICK HERE

    

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An Easy Answer to Pain at the Pump

If you knew the gas station across town was selling gas for 20 cents cheaper than the station a half mile from your house, odds are you’d drive over there to save money filling up your tank.

In fact, a survey of 1,000 people by Progressive reveals that 92 percent would drive out of their way to save 20 cents on a gallon of gas.

Did you know that spending a few minutes shopping for car insurance could save you hundreds? Why not take a little time to see what’s out there when it comes to auto insurance?



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