Can You Take Out The Cash Value Of A Universal Life Insurance Policy
Pictures. With many whole life insurance policies, you can get back out a certain amount of money that you put so when should you take the cash value? Even the most financially savvy people out there know this one universal truth:
A fixed cash value a flexible premium schedule a fixed death benefit the ability to take out a policy loan.
The cash value of a permanent life insurance policy, such as whole life insurance, can come in handy you can't take money out of this type of policy. I personally use the cash value of my whole life insurance policy and if you're thinking about doing the same thing, this video is for you. Unlike most life insurance policies, universal life insurance also has a cash savings component. You won't have to worry about renewing the while the savings component of a universal policy sounds great in theory, it may not be so wonderful.