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Cash money value is a living benefit that remains with the insurer when the insured passes away. Any type of superior financings versus the cash value will certainly lower the policy's survivor benefit. Mortgage protection. The policy owner and the guaranteed are typically the same person, however often they may be different. For instance, a business might buy crucial person insurance coverage on a vital worker such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could sell their very own policy to a 3rd party for cash money in a life settlement.
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