Co-Founder, Coastal Financial Partners Group, California
Permanent life insurance policies have cash value but term life insurance does not.
Cash value life insurance comes in different forms such as whole life, universal life, etc. in the first few years, there may not be any cash value but gradually it builds over time. in the event cash is needed, policy value may be borrowed.
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Cash value life insurance comes in different forms such as whole life, universal life, etc. in the first few years, there may not be any cash value but gradually it builds over time. in the event cash is needed, policy value may be borrowed.