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Money value is a living advantage that remains with the insurance provider when the insured dies. Any impressive loans against the money value will reduce the policy's survivor benefit. Legacy planning. The plan proprietor and the insured are typically the exact same person, however sometimes they might be different. An organization could buy essential person insurance on a vital employee such as a CHIEF EXECUTIVE OFFICER, or a guaranteed could offer their own policy to a third party for money in a life settlement - Estate planning.
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