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what is life insurance cash surrender value?

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what is life insurance cash surrender value?

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One of the most important features of permanent life insurance is its cash value. Many people who purchase permanent life insurance are unaware of the cash value, partly because it is slow to grow into a substantial amount. However, in some cases, cash values that accumulates is large enough to use as additional leverage for more advanced purposes. Unfortunately, the general public is grossly under-informed as to the potential consequences of mishandling this money.

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