Which life insurance policy usually requires the insured to pay a level premium for the duration of the policy,and the overpayment accumulates as a cash value that can be borrowed by the insured at reasonable rates?

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Whole life insurance policies require the insured to pay a level premium for the duration of the policy, and the overpayment accumulates as a cash value that can be borrowed by the insured at reasonable rates. This makes it a good choice for those looking for long-term coverage and savings. Term and Universal life policies do not accumulate cash value in the same way.

Which Life Insurance Policy Usually Requires the Insured to Pay