You may face times when you need cash for an expense. Learn how to determine whether cashing in your life insurance policy is the right solution for you.
If you have permanent life insurance, more of your insurance premium goes to cash value in the early years of your policy. Find out how cash value increases over time.
Most financial advisors have received a phone call or email from a client who is frustrated with the annual carrying cost of maintaining a life insurance policy. “I don’t even need this policy for...
Universal life insurance gives consumers flexibility, while whole life insurance offers consistent premiums and guaranteed cash value accumulation.
Cash value life insurance is permanent life insurance with a cash value savings component. Learn more about what cash value life insurance is and how it works.
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.
If you have a permanent life insurance policy with substantial cash value, you may be able to tap it through loans, withdrawals, premium payments, and more.
Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
Cash value refers to an investment component in life insurance that grows tax-free over the course of the policy's life. Cash value is a part of permanent life insurance policies and is a living benefit that the policyholder can use during his or her lifetime. Cash value life insurance pol...
A loan against the cash value of your life insurance can provide funds you need for other expenses. Learn about the pros and cons of this strategy.