How do cash value life insurance policies work?
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When you make premium payments on a cash-value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, your health, and other underwriting factors). ... As you continue to pay premiums on the policy and earn more interest, the cash value grows over the years.
2023-05-11 12:07:47
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Owen Gonzales
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When you make premium payments on a cash-value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, your health, and other underwriting factors). ... As you continue to pay premiums on the policy and earn more interest, the cash value grows over the years.