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Cash value is a living benefit that stays with the insurer when the insured dies. Any exceptional lendings versus the cash value will minimize the policy's death advantage. Retirement security. The plan owner and the insured are normally the same individual, yet in some cases they might be various. For instance, a business might buy crucial individual insurance on a vital worker such as a CEO, or an insured could market their very own plan to a third event for money in a life settlement.
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