What Does Cash Value Mean On A Life Insurance Policy?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaCash Value Life Insurance is a permanent policy that can accumulate cash by differing credit methods. Participating whole life and current assumption universal life use credited interest rates. Indexed universal life uses domestic and foreign indices and variable universal life uses separate sub accounts with access to equities and bond vehicles.Answered on June 4, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.The cash value of a life insurance policy is a pool of money that you can borrow from to use for your own purposes, while you are still alive. If you pay back your policy loan with interest, you will still be able to keep the death benefit intact, as well. If you were to surrender (drop) your policy, you would receive the cash value minus any fees.Answered on November 20, 2014flag this answer
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