The policy holder of a permanent life insurance policy can either withdraw or borrow the money that is in the cash component of the policy, and they may use this money for any need that they see fit. (burialinsuranceplans.org)
In addition, because SBLI is a mutual life insurance company, this policy is eligible for dividends — which can be added to the cash component of the policy, or in turn used for purchasing additional amounts of life insurance protection. (insurancescored.com)
And, the longer the policy is owned, the more the cash value will build — in fact, a portion of each premium will go towards the cash component of the policy. (insurancescored.com)