Life Insurance Policies and Cash Value

Cash value is an attractive part of many permanent life insurance policies. When the cash value inside a life insurance policy builds up, you may take a loan or a withdrawal from the cash value, subject to provisions of the life policy, that can help you with expenses.

 


Only permanent life insurance policies can build cash value, so that means if you are looking for a life policy to build cash value, you may want to investigate whole life or universal life policies.

 

Whole Life policies allow you to have a cash value that builds slowly but steadily as long as you pay your premiums on time. As the cash value increases, you’ll see it grow too - so it pays to be patient!

 

Universal life policies also build cash value, but they do so in a little more complicated way. The value inside of a universal life policy is usually not guaranteed, which means you may receive more cash value than expected - or you may get none at all. If you want a life insurance policy that may build cash value that you can access while protecting your family, talk to us about overfunding - paying slightly more than the normal premium in order to increase your cash value. Just like a whole life policy, the larger the cash value gets the faster it grows. So, taking advantage of the flexibility of a UL plan by overfunding means you may receive more cash value!

 

FORM NAME: Contact Us
Tick

Digital Signature for Scope of Appointment

Signing this form does NOT obligate you to enroll in a plan, affect your current enrollment, or enroll you in a Medicare plan.

By entering your information below and clicking Submit, you are giving permission to have a licensed sales agent contact you by email, telephone or cell phone to provide additional information about products and services. Your consent is voluntary and allows us to contact you via email, text messaging, artificial or prerecorded voice messages, or automatic dialing for marketing purposes. You may contact us to change your preferences at any time. Data use charges and rates from your cellular carrier may apply.

By signing this form, you agree to be contacted by a licensed sales agent to discuss the types of products you selected above. Please note, the person who will discuss the products is either employed or contracted by a Medicare plan. They do not work directly for the Federal government. This individual may also be paid based on your enrollment in a plan.

The Centers for Medicare and Medicaid Services requires agents to document the scope of a marketing appointment prior to any sales meeting to ensure understanding of what will be discussed between the agent and the Medicare beneficiary (or their authorized representative). All information provided on this form is confidential and should be completed by each person with Medicare or his/her authorized representative.

Tick

Tick