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Money worth is a living advantage that remains with the insurance firm when the insured dies. Any exceptional finances against the money value will lower the plan's survivor benefit. Term life. The policy owner and the insured are normally the exact same individual, yet occasionally they may be different. For instance, an organization might acquire key individual insurance policy on an essential staff member such as a CHIEF EXECUTIVE OFFICER, or an insured might market their own policy to a 3rd party for cash in a life settlement.
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