Commissions do not affect our editors' opinions or evaluations. Cash value life insurance combines life insurance coverage with a savings component. Only a portion of your premium payments goes ...

Cash value is a feature unique to permanent life insurance policies, which offers coverage for your entire life. Unlike your death benefit, you can use your cash value during your lifetime as you ...

Cash value is a unique feature of permanent life insurance policies that allows you to grow your policy. The cash value is yours to use within certain limits. For example, you can use it to ...

Life insurance can be more affordable and convertible than you may assume. People who may need life insurance don’t ...

Who's this for? Guardian is one of a few insurers that offer joint life insurance, with the cash value of its EstateGuard plan increasing after the first person dies. Policyholders can add ...

This is essentially a fee thrown in to assure the insurance company a profit, even if all those other fees somehow don't. The heavy fees involved with cash-value life insurance can really drag ...

Costs more than term life insurance Can be more complicated than term life insurance Reduced death benefits if the cash value component is withdrawn Whole life insurance provides coverage for the ...

For high-income individuals grappling with these issues, a specially designed life insurance policy may be the answer. This financial strategy utilizes a high cash value life insurance policy to ...

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

A Life Insurance Retirement Plan (LIRP) is a financial strategy using the cash savings from a permanent life insurance policy during the retirement years. Unlike term life insurance, permanent life ...

To avail a loan against your life insurance policy, first make sure it has adequate cash value. Then, you simply contact your ...

Yes, whole life insurance is a type of permanent life insurance and includes a cash value account with a guaranteed minimum rate of growth. Can the cash value of my whole life insurance policy ...