Need Maine Life Insurance Quotes?

Purchasing life insurance in Maine is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Maine life insurance.

Insolvency coverage is limited to $100,000 in life insurance death cash values and $300,000 or all death benefits in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection regarding assets, life insurance proceeds are exempt. This means the proceeds will not be used to pay creditors.

In Maine, estates valued at more than $700,000 are subject to tax at the state level, despite the $1 million threshold at the federal level.

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