Sentences with phrase «access to the cash value component»
The policyowner has access to the cash value component by way of loans at any time.
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Some burial insurance plans even have a cash value component within the contract, which grows tax free and gives tax free access to the policy owner.
Cash value is a separate savings component that you may be able to access while you're still alive.1 Permanent life insurance lasts from the time you buy a policy to the time you pass away, as long as you pay the required premiums.