Which Life Insurance Policy Has A Cash Value?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The type of life insurance that can have a cash value is Whole Life or Universal Life. These are called "permanent" policies (as opposed to "term" insurance, that has no cash value). There are variations of Whole and Universal Life, as well, called Variable and Indexed policies. These have the potential to generate more cash value that regular Whole or Universal Life, because Variable or Indexed products allow utilization of stock market funds.
    Answered on November 2, 2013
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