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Money worth is a living advantage that stays with the insurance policy business when the insured passes away. Any outstanding lendings against the cash money value will certainly minimize the plan's survivor benefit. Family protection. The policy owner and the guaranteed are generally the same individual, but sometimes they might be various. For instance, a company may purchase key individual insurance policy on a crucial employee such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could market their own plan to a 3rd event for money in a life settlement.
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