What is Income Protection? thumbnail

What is Income Protection?

Published Oct 26, 24
1 min read
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Cash worth is a living benefit that stays with the insurance provider when the insured passes away. Any exceptional lendings against the cash value will lower the policy's survivor benefit. Death benefits. The plan proprietor and the guaranteed are typically the same individual, but sometimes they may be various. As an example, an organization might acquire vital individual insurance on a vital worker such as a CEO, or an insured might market their very own policy to a third event for money in a life settlement.