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Cash money worth is a living advantage that continues to be with the insurance provider when the insured dies. Any impressive finances versus the money value will lower the plan's survivor benefit. Living benefits. The policy owner and the guaranteed are usually the same individual, yet occasionally they may be various. An organization may acquire key individual insurance coverage on a vital worker such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could offer their own policy to a 3rd party for money in a life settlement - Legacy planning.
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