Explain Cash Value in Whole Life Insurance

Tip 1 - Cash-Value Life Insurance Definition | Investopedia

A type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime. The policyholder can use the cash value as a tax-sheltered investment (the interest and earnings on the policy are not taxable), as a fund from which to borrow and as a means to pay policy premiums later in life, or they can pass it on to their heirs.
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Tip 2 - Cash Surrender Value Definition | Investopedia

The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies.
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Tip 3 - Using the Cash Value of your Life Insurance Policy — The Simple Dolalr

Using your Life Insurance as a Loan can Be Risky. Weigh the Pros and Cons of Borrowing Against the Cash Value of your Life Insurance Policy.

Tip 4 - What Is Whole Life Insurance Explained - Definition & Benefits

Having spent 20 years on Wall Street, I was fortunate enough to meet many intelligent people - and on Wall Street, intelligent people become rich. So when I was speaking recently to my old boss, I ...

Tip 5 - Guaranteed Cash Value Vs. Net Cash Value Life Insurance

Besides simply providing coverage that will never expire, permanent life insurance policies have the added benefit of accumulating cash value -- money that can be utilized while you're still ...