What Is Cash Value Life Insurance?
Cash value life insurance is a type of life insurance policy that’s in place for your whole life and comes with a sort of savings account built into it. So, you’re paying for two things here—the life insurance part (the bit that covers your family if you die) and the cash value part (the savings account that supposedly grows your money over time). How much it grows really depends on the type of cash value policy you buy, and what its returns are. #lifeinsurance #cashvalue #cashvaluelifeinsurance #insurancebroker #benefitstower #protectyourfamily
