So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000. (termlife2go.com)
Cash value The amount of money that is available on the life insurance policy for loans or withdrawals. (compuquotes.com)
It is possible, in many situations, to purchase significantly large face value amounts for monthly costs of $ 20 to $ 30. (pocketsense.com)