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Money value is a living benefit that remains with the insurance provider when the insured passes away. Any kind of superior fundings against the cash money value will lower the policy's survivor benefit. Living benefits. The policy owner and the insured are typically the exact same person, yet sometimes they might be various. A business could get key individual insurance coverage on a vital staff member such as a CHIEF EXECUTIVE OFFICER, or an insured may sell their very own plan to a 3rd party for cash money in a life negotiation - Wealth transfer plans.
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