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Cash money value is a living benefit that continues to be with the insurer when the insured dies. Any kind of impressive finances against the money worth will reduce the policy's survivor benefit. Whole life insurance. The policy proprietor and the insured are usually the exact same individual, yet often they may be different. A service could get key person insurance on an essential staff member such as a CHIEF EXECUTIVE OFFICER, or an insured may sell their own policy to a third celebration for money in a life settlement - Accidental death.
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