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Life Settlement
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DEFINITION OF NET DEATH BENEFIT


A life insurance policy's contract will define the total amount to be paid to a designated beneficiary(ies) upon the death of the insured, payable by the life insurance carrier. The Net Death Benefit may be more or less than the original face value of the policy. This could be due to the client taking withdrawals, loans, increases or decreases in the death benefit over time. See Death Benefit, Face Value

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