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Cash worth is a living advantage that remains with the insurer when the insured passes away. Any kind of impressive loans against the cash money value will certainly minimize the plan's survivor benefit. Whole life insurance. The plan owner and the guaranteed are typically the same individual, but occasionally they may be different. A company may purchase key individual insurance policy on a vital staff member such as a CHIEF EXECUTIVE OFFICER, or an insured may sell their own policy to a 3rd celebration for cash money in a life settlement - Income protection.
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