Permanent life insurance is the type of life insurance that can have a cash value. Permanent life insurance includes all forms of Whole Life and Universal Life.
Not all permanent policies have cash values. How much you pay in premium, and how much of your premium goes to pure protection vs building up cash values (as well as interest rates and other policy provisions), will determine your cash value.
.JPG){kind=avatar}
Not all permanent policies have cash values. How much you pay in premium, and how much of your premium goes to pure protection vs building up cash values (as well as interest rates and other policy provisions), will determine your cash value.