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Life insurance policy valuation
Publicado por Rachel Rogers
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Life insurance policy valuation is the assessment of the financial worth of an individual's life insurance coverage. It involves evaluating factors such as policy type, coverage amount, premiums paid, and the insured's health status. Valuation methods may include the cash surrender value, replacement cost, or present value of future benefits. This process ensures policyholders understand the current value of their coverage and aids in informed decision-making regarding financial planning and policy management.
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