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Is cash value life insurance the same as whole life insurance 2024?
Whole life
life life
Questioner:Amelia Lewis 2023-05-07 11:58:48
The most authoritative answer in 2024
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Benjamin Davis——Works at the United Nations Development Programme, Lives in New York, NY, USA.
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.
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