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Life insurance
What is split-dollar life insurance?
Split-dollar life insurance is a contract between two or more parties to split the ownership and benefits of a permanent life insurance policy.
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Life insurance
What is stranger-owned life insurance?
Stranger-owned life insurance is when a third party buys a policy on someone that they have no financial ties to. If the third party is an investor, it‘s called investor-owned life insurance.
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Life insurance
What is the cash surrender value of life insurance?
Cash surrender value is the amount of money you get when you cancel a permanent life insurance policy.
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