Cash value term life insurance is a type of term life insurance which provides coverage for a specified period of time.
Cash value term life insurance is a type of term life insurance which provides coverage for a specified period of time. The length of your policy’s term depends on the life insurance product you select.
Like traditional term life insurance, a cash value term policy only provides a death benefit if you die during the term of coverage. But unlike traditional term life insurance, cash value term life insurance also builds cash value you can use in these important ways:
You also have the option to continue the full amount of death benefit at rates substantially below the level charged by traditional term plans for keeping coverage beyond the initial specified level premium period.