American Income Life: Cash Surrender Value


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Relevant Background: Unlike a term policy, policyholders may withdraw cash from their whole life policy, if need be, for unforeseen events and emergencies such as funerals, vehicle expenses, loan payments and long-term investments. The cash value builds up as the policy holder pays his or her premiums. Upon the death of the policyholder, this cash value does not get passed on to his or her beneficiaries.

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