> Cash Value
The “savings” portion of a life policy. When your premium payments are more than the cost of insurance, the excess goes into a cash value account and draws interest. The cash value is usually not part of your death benefit.
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Did You Know?
A Package Policy may save money on insurance
A package policy is an insurance policy that includes several kinds of coverage. For example, homeowners policies usually include property damage, additional living expenses, personal liability and medical payments.
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