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Cash money value is a living benefit that remains with the insurer when the insured dies. Any superior lendings against the cash money value will lower the plan's survivor benefit. Retirement security. The plan proprietor and the insured are typically the very same individual, yet occasionally they might be different. For instance, a company might acquire vital person insurance on a critical staff member such as a CEO, or an insured could market their very own policy to a 3rd party for cash in a life settlement.
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