Cash value policies may make sense for people who intend to keep the policies for only a couple of years.

Question

Quizplus · Accepted Answer

Cash value policies typically require several years of premiums to be paid before accumulating enough cash value to offset policy costs. Therefore, people who intend to keep the policies for only a couple of years may not see the expected benefits of the cash value and may be better off with a term life insurance policy.

Cash Value Policies May Make Sense for People Who Intend