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Money value is a living advantage that remains with the insurance business when the insured passes away. Any exceptional car loans against the money value will certainly lower the plan's death benefit. Life insurance. The plan owner and the insured are usually the very same person, but often they may be different. A business may get key person insurance coverage on a vital worker such as a CEO, or an insured could sell their own policy to a 3rd event for cash in a life settlement - Final expense.
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