An attractive feature of whole life insurance is the availability of loans from the cash value.

Question

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Whole life insurance policies often build up cash value over time, which can be used as collateral for a loan from the insurance company. These loans usually have lower interest rates and do not need to be repaid during the policyholder's lifetime. This feature can be attractive to policyholders who may need access to cash for emergencies or other expenses.

An Attractive Feature of Whole Life Insurance Is the Availability