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Money value is a living benefit that stays with the insurer when the insured dies. Any impressive car loans against the cash value will decrease the plan's survivor benefit. Final expense. The policy owner and the insured are usually the very same person, yet occasionally they might be various. An organization may purchase crucial individual insurance policy on an important worker such as a CHIEF EXECUTIVE OFFICER, or an insured may sell their own policy to a 3rd celebration for money in a life settlement - Wealth transfer plans.
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