Not exact matches
The
accrued cash value of a whole life policy has another benefit; you can use the
accrued value without affecting the guaranteed payout amount.
Variable life policies allow the policyholder to adjust how the
accrued cash is invested, and some types include dividend payouts of the interest earned
without affecting the
value of the policy.
By borrowing against the policy, you can use the
accrued cash value of the policy to make the premiums or to help you get past other financial difficulties
without losing the policy itself.