Three options for cash value life insurance would be: whole life, universal life or variable life. This type of insurance offers more than just a death benefit from your life insurance policy. It works like a long-term savings account or stock market investment. However they have higher premiums per $1,000 of coverage because you would be funding a cash value account as w ell as paying fees and expenses.

In many cash value policies, the annual premium does not increase from year to year, and is often marketed face-to-face by agents or brokers to be able to discuss needs and strategies.

This entry was posted on Thursday, June 10th, 2010 at 5:40 am and is filed under Life Insurance Policy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.