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Cash value is a living advantage that remains with the insurer when the insured dies. Any superior loans against the cash money worth will minimize the policy's survivor benefit. Guaranteed benefits. The plan proprietor and the insured are generally the exact same person, but occasionally they may be various. As an example, an organization may purchase vital individual insurance coverage on an important employee such as a CHIEF EXECUTIVE OFFICER, or an insured could market their very own policy to a third party for money in a life negotiation.
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