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Can my cash value life insurance policy also serve as a way to accumulate interest?

April 26, 2017accumulate cash Life Insurance policy serve value

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Can my cash value life insurance policy also serve as a way to accumulate interest?

1 Answer

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10 Posted

Yes. A cash value life insurance policy is one way to accumulate funds for retirement or other purposes. Life insurance provides coverage in the event of untimely death, while offering a systematic means of building funds. Unlike a savings account in which you make deposits whenever you wish, a cash value insurance policy requires regular premium payments on specified dates, increasing your cash value.