Not exact matches
In your opinion, Should I do the reduced payed up quote and let the insurance company have the $ 5,900 so I can be
guaranteed 33,000 whole life to leave for my family or take the
cash value and
start investing and build my wealth / savings and burial expenses / money to pass down to generations later in life can come from that.
Although it might be some time before the
cash value started to build up (likely years), and the variable and universal life would not have «
guaranteed»
cash value.
The cumulative total amount of reserve (i.e., the
guaranteed cash value), including the nonguaranteed
cash value of the additional paid - up life insurance purchased each year,
starting at the beginning of year two, with the yearly declared paid dividend.
When I first
started in the business permanent life insurance meant whole life and it meant that it was
guaranteed to age 100 with a level premium and level death benefit and at age 100 the
cash value equaled the death benefit.