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Whole Life Insurance Can Be part of a Financial Plan | Insurelife.Life -USD 0

Publish Date: 14-07-2018 05:14:31 | Contact name: insurelifeagency | Location: USA | 1 times displayed |



Another advantage of whole life is cash value, which accumulates within the policy over time, and can be borrowed against by the policy owner as a source of funds. Within the policy, these cash values grow tax-deferred. Policy loans will decrease the cash value and death benefit of the policy. Whole life cash value tends to accumulate slowly within the first few policy years, and then start to accelerate as time goes by. Upon purchasing whole life insurance, your agent is required to provide you with an illustration which shows how the cash value and death benefit of a policy will change over time.
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