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Cash money value is a living benefit that remains with the insurer when the insured passes away. Any type of exceptional finances versus the money worth will lower the policy's survivor benefit. Accidental death. The plan proprietor and the insured are typically the very same person, but often they might be different. As an example, a business could acquire key individual insurance on an important staff member such as a CHIEF EXECUTIVE OFFICER, or an insured may market their own plan to a 3rd party for money in a life settlement.
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