Does Whole Life Insurance Build Cash Value?
- 14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482One of the elements of most permanent Life Insurance products, whether they are traditional "Whole Life" or some form of variable product is the inside build up of cash, yes. The accumulation inside the contract grows and does so, in most cases, on a tax-free or tax-deferred basis.Answered on July 12, 2013flag this answer
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