What is a simple explanation of Premium Plans? thumbnail

What is a simple explanation of Premium Plans?

Published Nov 21, 24
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Cash money worth is a living advantage that remains with the insurer when the insured passes away. Any outstanding loans against the cash value will reduce the plan's survivor benefit. Cash value plans. The plan owner and the insured are usually the very same person, yet in some cases they might be various. As an example, a company may get essential individual insurance policy on a vital worker such as a CEO, or an insured may market their very own policy to a third event for cash money in a life settlement.

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