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Cash value is a living advantage that stays with the insurance firm when the insured passes away. Any type of superior loans against the cash worth will minimize the plan's survivor benefit. Estate planning. The policy owner and the insured are normally the same individual, however sometimes they may be different. For instance, a business might buy crucial person insurance policy on an essential worker such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could market their very own plan to a 3rd party for money in a life settlement.
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