What Is Cash Value Life Insurance?

Life insurance is designed to replace what you lose should an extraordinary event happen. With cash value life insurance, it replaces money that would have otherwise been there. It's not really designed to save plus have insurance. Its designed to have a level premium throughout your life. And then eventually what you're paying in doesn't equal the premiums,. So the cash value sort of decreases a over the sort of latter half of your life to help pay those premiums.