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Cash worth is a living benefit that continues to be with the insurance provider when the insured dies. Any type of exceptional fundings versus the cash value will certainly reduce the plan's fatality benefit. Final expense. The plan owner and the guaranteed are typically the same person, but in some cases they might be various. An organization could acquire essential individual insurance on a critical worker such as a CHIEF EXECUTIVE OFFICER, or an insured might offer their own policy to a third party for cash money in a life negotiation - Wealth transfer plans.
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