Cash Value Life insurance is a long term life
insurance policy which in addition to providing
a benefit upon the death of the insured, it also
accrues cash value over time, this cash can be
used to pay future premiums or serve as a form
of savings. A benefits of having a cash
value life insurance policy is that you can
borrow against your cash value or draw it out by
surrendering your policy (subject to a surrender
charge) if needed. The best known cash
value life insurance is
whole life insurance, which covers you for
your whole life with no change in your premium.
Other cash value life insurance policies
include: universal life, variable life, and
single-premium life insurance. Looking for
Group Life Insurance?
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