The disadvantages include not accumulating enough cash value during the first few years and
restrictions on cash withdrawals.
Not exact matches
Unlike 401ks or IRAs where a penalty typically applies to most 401k
withdrawals before age 59 1/2, there is no such
restriction on cash value accounts.
While there are currently no
restrictions on international card
withdrawals, this could change, and there are reports that ATMs may run out of
cash.
However, insurance companies may place
restrictions on the timing of
cash withdrawals and the termination of policy coverage.