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When life insurance becomes the lifeline

Frederick Scruggs, CLU, ChFC

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Scruggs shares his story about one of his corporate clients who purchased multiple million-dollar cash value life insurance policies on the owner and 14 employees. Several years later, his client had a customer unable to pay their multi-million dollar invoice. Find out how these insurance policies, which typically split the death benefits between the company and the employee, served as a living benefit asset during an extremely unstable time.
 

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