Tuesday, July 21, 2009

Is There Cash Value In A Term Life Insurance Policy?

No,the difference between term life insurance and whole life insurance is
the cash value.

Term life insurance has no cash value;think about it like your car or house
insurance.If your car isn't totaled or your house doesn't burn down,you
need to repeat the payment the next year.

Whole life insurance on the other hand is more expensive as you are,to some
extent,prepaying the premium or building up a savings account from which the
life insurance premium can be paid.


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