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Cash money value is a living benefit that remains with the insurance coverage business when the insured dies. Any type of impressive financings versus the money worth will reduce the plan's survivor benefit. Living benefits. The plan owner and the insured are usually the exact same individual, however often they may be various. A service could acquire key person insurance policy on a crucial worker such as a CHIEF EXECUTIVE OFFICER, or an insured could sell their own plan to a 3rd event for cash in a life settlement - Retirement security.
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