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Money value is a living advantage that remains with the insurer when the insured dies. Any type of exceptional fundings versus the cash worth will reduce the plan's death advantage. Living benefits. The plan proprietor and the insured are typically the very same individual, however often they may be various. For instance, a company could get key person insurance on an important employee such as a CHIEF EXECUTIVE OFFICER, or an insured may sell their very own policy to a 3rd party for money in a life settlement.
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