How Does Cash Value Life Insurance Work?
How Does Cash Value Life Insurance Work? Cash value life insurance policies provide lifelong coverage combined with an investment account. A portion of your premiums are directed to the investment account – the cash value – and this money grows with interest over time. If you decide to cash in your life insurance early and surrender your coverage to the insurer, you will receive the policy’s cash value (minus fees). You can also access the cash value as a policy … Citeste mai mult…