Just as importantly (and often overlooked), cash value life insurance policies also offer the benefit of protection against creditor claims, making whole life and universal life a great choice for asset protection. Over time, a policy’s cash surrender value builds up, earning interest and serving as a versatile financial asset useful in retirement and estate planning.Īnd with guaranteed cash value growth rates, dividend paying whole life insurance provides portfolio stability and a hedge against market uncertainty. The many benefits of whole life insurance policies and universal life insurance extend far beyond just providing liquidity in the event of an untimely death. Both are excellent ways to provide some safeguards against life’s uncertainties. Cash Value Life Insurance Creditor Protection and Bankruptcy Protection By StateĬash value life insurance includes whole life and universal life insurance.
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