Question

Can you pay cash for a life insurance policy?

Question is taken from Insurance subject matter

I had been asked this question by my school principal while I was bunking the class.

Other related questions to my question are:

Can you pay cash for a life insurance policy?

What is the maximum amount for which alone can be taken from a cash value life insurance policy?

What is cash life insurance?

Can you buy a life insurance policy with one payment?

Answer 1

The correct answer by me is: If you decide to cash in your life insurance early and surrender your coverage to the insurer, you will receive the policy's cash value (minus fees). You can also access the cash value as a policy loan, use the cash value to pay premiums or make a partial withdrawal.Sep 15, 2021

The title of my answer can be How Does Cash Value Life Insurance Work?

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