cash value life insurance policy

Definition

A life insurance policy which in addition to providing a benefit upon the death of the policy holder, also accumulates cash value over time enabling benefits to be paid out before death. The three main types of cash value insurances are: whole life insurance, variable life insurance, and universal life insurance. Term life insurance is not a type of cash value insurance.

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The cash value life insurance policy was really interesting and I was glad to have it and I liked it.

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You may want to take out a cash value life insurance policy that will let you know your loved ones are protected.

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The insurance agent recommended a cash value life insurance policy because it would provide Ted more financial options should any economic emergencies arise before his ultimate demise.

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