In addition, the funds in the cash value component of permanent life insurance policies are allowed to grow on a tax - deferred basis. (insurancescored.com)
Sure, the cash value component of whole life insurance policy is nice, but it comes with an added cost. (lifeinsuranceforaccountants.com)
In addition, these policies will also include a cash value component where tax - deferred savings can be built up over time. (burialinsuranceplans.org)