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Money value is a living benefit that continues to be with the insurance coverage company when the insured dies. Any impressive loans against the money value will minimize the plan's survivor benefit. Living benefits. The policy owner and the guaranteed are generally the same person, however often they may be various. As an example, an organization may buy crucial person insurance on an important worker such as a CEO, or an insured may sell their own policy to a third party for money in a life settlement.
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