Yusra3
VIP Contributor
Cash value life insurance is a type of life insurance that provides the death benefit of your policy, as well as the cash value portion of the policy. When you purchase a cash value life insurance policy, you purchase both portions of coverage. the death benefit and the cash value. The cash value portion sits on top of your death benefit until it matures. Once it does, you will receive the full amount of your cash value as a lump sum payment.
When you purchase this type of coverage, you will usually be required to pay an investment fee to keep your policy’s cash value growing over time. The investment fee is designed to pay for investments that will help grow your cash values over time. This fee typically ranges from 3-5%, but can be higher or lower depending on the agency offering the policy.
When you purchase this type of coverage, you will usually be required to pay an investment fee to keep your policy’s cash value growing over time. The investment fee is designed to pay for investments that will help grow your cash values over time. This fee typically ranges from 3-5%, but can be higher or lower depending on the agency offering the policy.
