Saving, investing & retirement
For some people, a life insurance policy can supplement retirement savings and other wealth-building strategies.
Using life insurance while you’re alive
Although the main purpose of life insurance is to provide financial security for your loved ones after your death, you can get financial benefits from some types of life insurance policies while you’re still alive.
- Can you sell your life insurance policy?
- Can you take out a loan on your life insurance policy?
- Can you cash out life insurance while you’re still alive?
- What does liquidity refer to in a life insurance policy?
- Does term life insurance have a cash value?
- What is the cash surrender value of life insurance?
- What is infinite banking life insurance?
- What is dividend-paying whole life insurance?
- What is an accelerated death benefit (ADB)?
- Should I add a long-term care rider to my life insurance policy?
Debt & taxes
Learn more about how life insurance factors into debt repayment and tax planning.
Life insurance & estate planning
If you own a life insurance policy, it’s smart to factor it into your estate plan (the legal documents that lay out who gets your assets when you die). Life insurance can also help with funeral and other end-of-life costs.