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Money worth is a living advantage that continues to be with the insurance company when the insured passes away. Any exceptional lendings against the money worth will lower the policy's survivor benefit. Mortgage protection. The plan owner and the guaranteed are typically the same individual, however occasionally they might be different. A business might purchase crucial individual insurance on an essential employee such as a CHIEF EXECUTIVE OFFICER, or an insured could offer their own policy to a 3rd celebration for cash in a life settlement - Wealth transfer plans.
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