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What happens to the cash value of a life insurance policy when you die 2024?

Evelyn Baker | 2023-05-07 11:58:51 | page views：1878
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Ruby Turner

Studied at University College London (UCL), Lives in London, UK
The life insurance company will absorb the cash value, and your beneficiary will be paid the policy's death benefit. Unlike term life, which pays a death benefit if you die sometime within the policy's term, permanent life insurance (such as whole life) covers you no matter when you die.
2023-05-10 11:58:51
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Emily Stewart

QuesHub.com delivers expert answers and knowledge to you.
The life insurance company will absorb the cash value, and your beneficiary will be paid the policy's death benefit. Unlike term life, which pays a death benefit if you die sometime within the policy's term, permanent life insurance (such as whole life) covers you no matter when you die.
What happens to the cash value of my life insurance when I die?
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