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Cash value is a living benefit that remains with the insurance provider when the insured dies. Any superior finances versus the money value will reduce the policy's fatality advantage. Death benefits. The plan owner and the guaranteed are normally the very same individual, yet in some cases they might be various. For example, a company may buy crucial person insurance on a vital staff member such as a CHIEF EXECUTIVE OFFICER, or an insured could market their very own plan to a third party for money in a life negotiation.
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