This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value. (allstate.com)
In this primer, I will explain the differences between the two policies and outline some of the pros and cons of these 2 types of permanent life insurance policy options. (termlifeinsurancemales.com)
The cash value for permanent life insurance policies grows tax - deferred, similar to gains in a retirement account. (valuepenguin.com)