Life Insurance Cash Values at a Glance Cash Value Life Insurance

life insurance with cash in value

Life Insurance Cash Values at a Glance

More Cash Value Life Insurance Articles

When you purchase a permanent life insurance policy such as universal, whole, or variable universal life insurance, it comes with an added benefit: a cash value account. Cash value accounts may seem a little confusing at first, but many people use cash value accounts to help them save for retirement, save for children's college education, or even to help pay their premiums later in life. Here's how they work:

Building capital through a cash value account

When you purchase a form of permanent life insurance, a portion of your premium payments goes toward building up a tax-deferred cash account that grows over a period of time.

When you first purchase your life insurance policy, the value of your cash account will grow slowly in the beginning, but i... http://insure.ucoz.com/news/life_insurance_with_cash_in_value/2013-07-01-4321