Types of Cash Value Life Insurance

There are two main types of cash value life insurance: whole life and universal life. I have found that there is often some confusion, even among so-called experts, when it comes to permanent insurance (also called “cash value insurance”). I’ll do my best here to clear up the confusion and clearly explain the similarities and…

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Making Policy Loans and Withdrawals

Cash value life insurance refers to a wide variety of insurance policies that provide both a death benefit and a cash value component that may build tax deferred over time. Many cash value policies let you borrow or withdraw from the cash value. Making policy loans and withdrawals can sometimes be a good way to…

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What are life insurance policy options?

Life insurance policy options are features of your life insurance policy that require you to make a choice regarding some aspect of your insurance coverage. Options permit you to make various elections that may be advantageous to you as the policyowner. There are many different types of policy options. For example, dividend options permit you,…

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Strategies Using Life Insurance

What is it? Life insurance is not only about protecting your survivors in the event of your death. Depending upon the type of policy you purchase, it can also enable you to meet specific life goals: retiring comfortably, paying for your child’s education, accumulating wealth, and paying for estate costs. If you own a business, life insurance can even fund…

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Protecting Your Loved Ones with Life Insurance

How much life insurance do you need? Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals. For example, when you’re young, you may not have a great need for life insurance. However, as you take…

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Cash Value Life Insurance

cash value life insurance

Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death–whenever that may be. Part of your premium pays for the “pure” insurance coverage and expenses, and the balance is held by the insurance company in a cash value account. The type of permanent life insurance you buy…

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