Life Insurance
Life Insurance Policies and Cash Value
Permanent life insurance policies build a cash value that grows tax-deferred and can be accessed during your lifetime.
How cash value grows
Part of each premium funds the insurance cost and part goes into the cash value, which earns interest or is tied to an index or sub-accounts depending on the policy type.
Accessing it
You can borrow against cash value or, in some cases, withdraw from it. Both options affect the death benefit, so use them with a plan.
Have questions about this coverage?
Chaz Toomey is here to walk you through your options — no pressure, just clear guidance.