1. Ted RatliffPRO
    Owner, SeniorCare Financial Services Northeast Ohio,
    It depends on the policy.  If it is a Whole Life then it would build some cash value.  Any time you purchase insurance it is important to know what you are buying.  This is why I suggest buying from an experienced local agent.  The average person does not read the fine print when receiving mail or TV solicitations.  As a result they think they purchased Whole Life, for example, and later found out it was Term, after the term ran out and they are 86 years old with no insurance.  Plus with a local agent your are going to get local service, not speaking with someone over the phone who may not be aware of your circumstances.
    Answered on April 28, 2013
  2. Peggy MacePRO
    President and Senior Agent, Outlook Life, Most of the U.S.
    Globe Whole Life insurance does have some cash value; Globe Term Life insurance does not. You can contact the life insurance company to ask for an illustration that shows how much cash value will be in the policy in the future. If they are unable to provide that, it will be shown on the policy when you get it.
    Answered on July 1, 2013
  3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>