The idea of Paying Extra for anything these days - feels unbearable - next to $8 Eggs, $5 Gallon Gas and Subscriptions for Everything. Why should I also pay for coverage/life insurance? I'm not even married with Kids yet. (...just an example). Here's the 5 Benefits of Using your Policy as a Saving Fund and How it Works.... 1. Whole Life Insurance: Cash Value Accumulation How it works : Whole life insurance provides coverage for life and includes a cash value component that grows over time. A portion of your premiums goes toward the insurance coverage, and another portion is invested in the cash value. Benefit : The cash value grows tax-deferred and can be borrowed against or withdrawn (subject to certain rules) to supplement savings or fund future expenses. 2. Universal Life Insurance: Flexible Savings Growth How it works : Universal life insurance allows for flexible premiums and death benefits, while accumulating cash value based on interest rates set by the insurer. Benefit
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