Your life insurance policy may allow you to take out ... If you need cash to meet other expenses, you may have the option of drawing on your cash value account to cover the policy premium.

Variable life insurance is a permanent life insurance ... in that the growth isn't taxable as ordinary income. So, you can draw from these accounts in later years, namely through loans using ...

However, our opinions are our own. See how we rate life insurance products to write unbiased product reviews. Cash value is money that accumulates on a permanent life insurance policy, which can ...

Here's how to access the cash value you've built in your life insurance policy. Although the rules vary by plan, you may be able to draw cash from your permanent life insurance policy. Withdrawals ...

group life insurance provided by your employer, and any other financial resources you and your beneficiaries can draw upon now and in the future. Your beneficiaries’ future estimated expenses ...

These allow you to draw a limited amount out of your policy to cover medical and other bills you cannot pay while sick. Much like a 401(k), many life insurance policies have penalties for early ...

A $250,000 life insurance policy with a 10-year term costs an average of $105 per year for a healthy 30-year-old. Buying life insurance at a younger age can reduce how much you pay for a $250,000 ...

Certain life insurance policies offer riders that allow policyholders to draw on their death benefits to cover long-term care costs. In some cases, the benefits provided for long-term care are tax ...

A lengthy nursing home stay can be expensive, and if you don’t qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind ...