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1 4 . What is the primary incentive for a life insurance owner to sell his or her policy to a third - party buyer
What is the primary incentive for a life insurance owner to sell his or her policy to a thirdparty buyer under a settlement arrangement Search Chapter The buyer pays an amount for the policy that is greater than the policy prime s cash surrender value. The buyer pays an amount for the policy that is greater than the policy's death benefit. The buyer guarantees payment of a death benefit that is greater than the original benefit od The seller receives a tax deduction equal to the policy's sales price.
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