olicy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your The amount available in cash upon cancellation of an insurance policy is called cash value. This cash value is the savings component of most permanent life insurance policies, particularly whole life. The seller gets a payout that's greater than the cash value of the policy, while the purchasing company keeps paying the premiums and eventually collects on the insurance payout when the policyholders die.

With a policy loan, you can receive your cash value and retain your life insurance protection too. If you decide to place a loan, you will be required to pay interest on the loan at the rate shown in your policy. Once you receive the insurance policy document, immediately study it, and make sure that the policy is exactly what you ordered. Make sure you are receiving the same amount of insurance you purchased, with the same terms, and for the same price agreed upon. You could get a mix of cash value insurance and term insurance. This would allow you to get basic continuing coverage together with low cost insurance term to meet high coverage needs for income and large debts such as a mortgage. The expenses associated with the initial years of the policy like marketing and underwriting and commissions usually mean that a cash value policy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your

ing the premiums and eventually collects on the insurance payout when the policyholders die.

With a policy loan, you can receive your cash value and retain your life insurance protection too. If you decide to place a loan, you will be required to pay interest on the loan at the rate shown in your policy. Once you receive the insurance policy document, immediately study it, and make sure that the policy is exactly what you ordered. Make sure you are receiving the same amount of insurance you purchased, with the same terms, and for the same price agreed upon. You could get a mix of cash value insurance and term insurance. This would allow you to get basic continuing coverage together with low cost insurance term to meet high coverage needs for income and large debts such as a mortgage. The expenses associated with the initial years of the policy like marketing and underwriting and commissions usually mean that a cash value policy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your

ce you receive the insurance policy document, immediately study it, and make sure that the policy is exactly what you ordered. Make sure you are receiving the same amount of insurance you purchased, with the same terms, and for the same price agreed upon. You could get a mix of cash value insurance and term insurance. This would allow you to get basic continuing coverage together with low cost insurance term to meet high coverage needs for income and large debts such as a mortgage. The expenses associated with the initial years of the policy like marketing and underwriting and commissions usually mean that a cash value policy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your ance. This would allow you to get basic continuing coverage together with low cost insurance term to meet high coverage needs for income and large debts such as a mortgage. The expenses associated with the initial years of the policy like marketing and underwriting and commissions usually mean that a cash value policy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your olicy held for only a few years can be a very expensive way of getting short-term coverage. Such a policy has various tax advantages and benefits. You pay no current income tax on interest or other earnings credited to cash value, You pay no income tax if you borrow cash value from the policy through loans, Your heirs pay no income tax on proceeds, and your beneficiaries receive death benefits completely free of income taxation.