It also forces the owner to save money (cash value) that can be used down the road for various things, such as for supplemental retirement income or investment opportunities. (termlife2go.com)
You can use the loan for whatever you choose, such as supplemental retirement income, passive income assets, or to buy large ticket items such as a vehicle. (termlife2go.com)
Cash value life insurance works as a forced savings vehicle to help provide supplemental retirement income. (termlife2go.com)