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Does the life insurance beneficiary get both the cash value and the face amount?

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2015-07-15 21:32:37
2015-07-15 21:32:37

Not usually, though I can't say that it is impossible. Life insurance is not regulated like car and home so one particular company could promise you that.

Generally the cash value is if the insured cashes in the policy and the face amount is paid to the beneficiary when the insured dies.

I was a life insurance agent for 15 years.

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