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Cash money worth is a living benefit that stays with the insurer when the insured dies. Any superior financings versus the money worth will decrease the plan's survivor benefit. Cash value plans. The plan proprietor and the insured are generally the exact same person, but occasionally they may be different. A company may buy vital person insurance on a crucial worker such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could sell their own plan to a 3rd celebration for cash money in a life settlement - Term life insurance.
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