What Is Life Insurance With Cash Value?
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63333 POINTSview profilePeggy MaceMost of the U.S.Life insurance with cash value is normally permanent insurance (Whole or Universal Life) that builds up money within the policy. This cash can be used while still alive by borrowing from it. Or it can be used to pay policy premiums. When the cash value reaches the value of the death benefit, the policy is said to endow or mature.Answered on June 26, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance cash value is the account value less of all policy expenses and then earnings applied to the remaining cash value accumulation. There are four cash value policies: participating whole life, current assumption universal life, indexed universal life and variable universal life.Answered on June 26, 2013+01+1 this answer
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