Steps
- Cash value grows inside permanent policies (whole, universal, indexed universal life).
- You can often borrow against it, though unpaid loans reduce the death benefit.
- Some policies let cash value help cover premiums.
- Surrendering a policy for its cash value ends the coverage — weigh this carefully.
- An independent agent can show you what your policy's cash value can and can't do.
Need help with this? Speak with a licensed agent for a free, no-obligation review of your life insurance policy.
A licensed agent can walk you through every step at no cost. Life Insurance Help Now is independent, so the guidance is about what's best for you.