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Cash money worth is a living benefit that remains with the insurance provider when the insured passes away. Any type of outstanding loans versus the cash money worth will reduce the policy's survivor benefit. Wealth transfer plans. The plan owner and the guaranteed are typically the very same person, however sometimes they may be different. For instance, a business may buy key individual insurance on a critical staff member such as a CHIEF EXECUTIVE OFFICER, or an insured could sell their own policy to a 3rd party for cash in a life negotiation.
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