The cash value is the accumulated savings portion of a life insurance policy. It grows over time as a result of premiums paid and investment returns. Cash value serves as a source of liquidity within the policy that policyholders can access through various means, including surrendering the policy...
On the other hand, whole life insurance is a permanent life insurance policy that provides coverage for the entirety of the insured’s life. These policies have a cash value component that accumulates over time as the insured pays premiums. The cash value grows tax-deferred and can serve as ...
Policyholders who need term, whole or guaranteed life insurance and parents looking for a unique way to save for their child’s future might find Gerber Life Insurance as their company of choice. A+ (Superior) AM Best rating Unique grow-up and college plans for children ...