Cash-value insurance is any policy that provides both a death benefit and an opportunity to accumulate cash value.

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Cash-value insurance, also known as cash accumulation insurance, provides both a death benefit and a savings component that accrues over time. The cash value can be borrowed against or withdrawn by the policyholder, and it often earns interest or dividends. Examples of cash-value insurance policies include whole life, universal life, and variable life insurance.

Cash-Value Insurance Is Any Policy That Provides Both a Death