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Cash value is a living advantage that remains with the insurer when the insured dies. Any type of superior lendings against the cash money value will reduce the plan's death advantage. Final expense. The policy owner and the insured are typically the exact same individual, but sometimes they may be different. For instance, a business could acquire crucial individual insurance coverage on a critical staff member such as a CEO, or a guaranteed might market their own policy to a 3rd party for money in a life negotiation.
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