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Money worth is a living advantage that continues to be with the insurer when the insured passes away. Any type of exceptional finances versus the cash money worth will reduce the plan's survivor benefit. Death benefits. The plan owner and the insured are usually the exact same person, however sometimes they may be different. As an example, a business may buy vital person insurance on an essential staff member such as a CEO, or an insured might sell their very own policy to a 3rd party for money in a life negotiation.
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