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Money value is a living benefit that continues to be with the insurer when the insured passes away. Any kind of exceptional finances against the money value will certainly reduce the plan's survivor benefit. Flexible premiums. The policy proprietor and the insured are generally the same person, yet in some cases they might be various. For instance, an organization may buy essential individual insurance coverage on an important staff member such as a CEO, or a guaranteed might sell their own plan to a third celebration for cash money in a life settlement.
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