What is the purpose of cash value in life insurance?

InsuNews May 23, 2022

What is the purpose of cash value in life insurance?

Cash value life insurance is a type of permanent life insurance that includes an investment feature. Cash value is the portion of your policy that earns interest and may be available for you to withdraw or borrow against in case of an emergency.

See also  When life insurance proceeds are used to pay inheritance taxes and federal estate taxes is known as quizlet?

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