| Whole life insurance policies offer this
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| | policy early, the policy owner no longer
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| nifty little perk called "cash value." A
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| | has that whole life insurance policy.
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| whole life insurance policy will
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| | The second way a whole life insurance
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| accumulate a cash value over time, and
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| | policy owner can obtain his cash value is
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| the cash is tax-deferred, which means you
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| | by borrowing against the cash value. This
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| will not have to pay taxes on the cash
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| | is definitely a benefit in times of
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| value your whole life insurance policy
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| | financial stress, but unless the policy
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| accumulates. Many people enjoy the cash
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| | holder pays back the amount borrowed, the
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| value perk that whole life insurance
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| | death benefit is reduced. So, should the
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| policies offer; however, it must be noted
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| | policy holder die before he pays back
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| that you cannot both reap the rewards of
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| | what was borrowed against the cash value,
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| your cash value and have your beneficiary
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| | the amount of death benefits the
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| receive your death benefits.
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| | beneficiary will receive won't be as much
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| This probably sounds a bit confusing, so
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| | as it would be if there was no money
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| let's break it down. Whole life insurance
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| | borrowed against the cash value.
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| policy owners only get the cash value
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| | To sum up, a whole life insurance policy
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| that their policy has accumulated in one
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| | holder can not have all of his cash value
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| of two ways. The first way the policy
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| | and still have a death benefit for his
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| owner can obtain his cash value is by
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| | beneficiary, nor can a policy holder
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| surrendering his whole life insurance
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| | borrow money against the cash value and
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| policy early, in which case the cash
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| | still allow his beneficiary to get the
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| value would be available to him while he
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| | full death benefits if the money borrowed
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| is still alive. Once the policy owner
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| | is never paid back.
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| surrenders his whole life insurance
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