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Cash value is a living benefit that stays with the insurance policy business when the insured dies. Any kind of impressive fundings versus the cash worth will lower the policy's survivor benefit. Accidental death. The plan proprietor and the guaranteed are generally the very same person, yet sometimes they might be different. For example, a company could acquire essential person insurance policy on an important employee such as a CEO, or an insured could sell their very own policy to a 3rd party for cash in a life settlement.
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