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Cash worth is a living benefit that continues to be with the insurance provider when the insured dies. Any impressive fundings versus the money value will lower the plan's survivor benefit. Universal life insurance. The plan proprietor and the insured are usually the exact same person, yet in some cases they may be different. For example, a company may acquire essential person insurance coverage on an important employee such as a CEO, or a guaranteed might sell their own policy to a 3rd party for money in a life settlement.
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