What cash value does life insurance provide?

Whole life insurance can provide a cash value

While term life insurance provides only a death benefit, whole life also provides a cash value for policyholders.

The exact amount of the cash benefit will vary according to the value of the underlying policy and the nature of the investments, but in most cases the cash value will be only a portion of the death benefit.

Current policyholders can contact their insurance representatives to determine their cash value, while prospective clients can ask their insurance salesperson about the potential cash value of any policy under consideration.