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Cash value is a living benefit that remains with the insurance policy company when the insured dies. Any type of impressive financings versus the cash value will lower the policy's survivor benefit. Legacy planning. The plan proprietor and the insured are normally the very same individual, however often they might be various. For instance, a company might acquire crucial individual insurance coverage on an important staff member such as a CHIEF EXECUTIVE OFFICER, or an insured may market their own plan to a third party for money in a life negotiation.
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