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Money value is a living benefit that continues to be with the insurance provider when the insured dies. Any outstanding financings versus the cash worth will lower the policy's death benefit. Long term care. The plan owner and the guaranteed are usually the very same person, however often they may be different. A service could buy crucial person insurance on a critical employee such as a CHIEF EXECUTIVE OFFICER, or an insured might market their own plan to a 3rd party for cash money in a life settlement - Family protection.
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