If you are concerned with
accruing cash equivalency value or having more policy control with coverage flexibility, then it may be worth your time to invest in a more permanent form of life insurance.
You may find a policy that
accrues cash equivalency value or that features extra benefits, but that will ultimately end up making the policy that more expensive.
Whole life insurance
accrues cash equivalency values that can be borrowed against to take out a bank loan.
Not exact matches
Based on the investment performance of the insurance company, the
cash value
equivalency worth of your policy and the length of time that your policy
accrues value you can adapt the policy to become supplementary payments for yourself, pay bills and so much more.
If you have
accrued enough
cash value
equivalency on your policy, then you will have the flexibility to do a lot of things.