Cash Value Life Insurance
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- Опубликовано: 13 сен 2024
- When talking about life insurance most people think of the death benefit.
In addition to death benefits, some life insurance also provides life benefits available to the policyholder during the life of the insured.
Participating Whole Life Insurance is the best type of life insurance to purchase when planning for life benefits. This is because participating whole life insurance has a cash-value that accumulates during the insured’s lifetime which can be accessed and used at any point for anything.
Many common uses for Cash Value Life Insurance include:
• Funding College Tuition
• Paying off Debt
• Planning for Retirement
• Funding a Business expansion
etc.
Participating Whole Life insurance is not the only type of insurance that develops a cash-value. Whole life, Universal Life, Variable Life and Indexed Universal Life all have cash-value elements. However, it is important to understand the differences in these types of life insurance policies because cash-value in a Whole Life policy is not the same as cash-value in a Universal Life policy.
There are lots of different terms and phrases specific to life insurance, pertaining to how the policies are structured, how the policies work and what you can and cannot do with them. At Life Benefits we try to make it easy for you to understand how life insurance works, because you shouldn’t have to learn a new language in order to get the benefits life insurance can provide you and your family. If you have questions about your policy, need clarification or help understanding anything related to life insurance, we are here for you. If you want to purchase life insurance and have peace of mind knowing the policy will be designed to benefit you and provide for your family, please contact us. It would be an honor to assist you.
Did this help bring some clarity to Cash Value Life Insurance? If so please let us know in the comments below. Also, what financial topic would you like us to cover next?
Well presented, clear and precise! Thank you 🙏
🙏
Once again, Gracine spells out all the pertinent terms needed to fund and sustain a whole life insurance policy.
Thank you for the video. I learned more about cash value. From how much money is the cash value taxable?
Ana - As long as the policy is not a MEC the cash value remains tax free.
Hi, it is really good video covered everything.
Thanks for awesome work.
Have questions regards senior citizen term insurance and plans etc..
Thanks again
Glad you enjoyed it! Thank you for your question, we'll try and address that in an upcoming video. :)
GOD loves you enough to send HIS only SON to save you and if you repent and turn from your sins and be baptized in THE NAME OF THE FATHER, THE SON and THE HOLY SPIRIT. ((if you haven't )
Cas Value = Borrowing against your own money while the insurance company keeps your balance. Garbage.
This is one way to protect your family, give peace of mind, and be prepared for unexpected situations. Some permanent policies include living benefits when you get diagnosed with chronic, critical, and terminal illness will accelerate death benefit.
@@anavalentin383 Those “benefits” require purchasing a PUA to an already expensive premium. In fact, trash value insurance is (at least) 20 times more expensive than term. Im the words of Motley Fool (named top financial advisor by The Wall Street Journal) no one needs whole life insurance.