Is cash value life insurance the same as whole life insurance 2024?
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Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
Whole life, variable life and universal life are all types of cash-value life insurance. ... Cash-value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value.
2023-05-14 11:58:48
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Mia Thompson
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Whole life, variable life and universal life are all types of cash-value life insurance. ... Cash-value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value.