Cash value life insurance types include whole life and universal life insurance. Term life insurance, by contrast, has no cash value. Term life provides purely life insurance protection.

Term life insurance is simple. The policy offers no cash value unless the insured person passes away. If the insured person ...

More expensive than term life insurance. Some policies charge high internal fees that can reduce your cash value. More complex than term life insurance. The differences between permanent life and ...

Premiums are fixed, and part of each premium goes towards building cash value (which you can access while you’re alive). Whole life insurance premiums can cost six to 10 times those for a term ...

Even if you have a term life insurance policy, you can get a cash surrender value for it, if the need arises. Generally ...

While term life insurance lacks the guarantees and cash value benefits of whole life insurance, it's an affordable way to protect your family in the event of your untimely death in your prime ...

Term life insurance is typically the cheapest option for life insurance, and has no cash value component. There are a few types of term life insurance policies. Permanent life insurance as the ...

Term life insurance can be converted into whole or universal life policies. Who's this for? Guardian is one of a few insurers that offer joint life insurance, with the cash value of its ...

Costs more than term life insurance Can be more complicated than term life insurance Reduced death benefits if the cash value component is withdrawn Whole life insurance provides coverage for the ...

Some life insurance policies do more than protect your family's future—they can also provide financial flexibility during your lifetime.