What Does Cash Value Life Insurance Mean?

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What does Cash Value Life Insurance mean? Read on to discover the definition & meaning of the term Cash Value Life Insurance - to help you better understand the language used in insurance policies.

Cash Value Life Insurance

Cash Value Life Insurance

Cash value life insurance is a type of permanent life insurance that pays out a death benefit and accumulates value over time. The policyholder can borrow against the cash value, pay policy premiums with it later on, pass it on to their heirs, or use it as a non-taxable investment.

We hope the you have a better understanding of the meaning of Cash Value Life Insurance.

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