Is Switching from Term to Perm Right for You? – Life Happens
Savings Corner
DECEMBER 23, 2023
You could borrow cash value for things like college tuition or retirement income, for example. When the term is up, however, you’ll need to renew the policy at a new rate. You want to build cash value: Permanent life insurance policies build cash value over time, which can be a valuable asset for a variety of purposes.
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