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Cash money worth is a living benefit that continues to be with the insurance coverage company when the insured passes away. Any exceptional financings versus the cash worth will minimize the plan's death advantage. Family protection. The plan owner and the guaranteed are typically the exact same person, but in some cases they might be different. As an example, a business may get key individual insurance coverage on a crucial employee such as a CHIEF EXECUTIVE OFFICER, or a guaranteed may sell their own plan to a third party for cash in a life settlement.
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