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2. When and How to Cash Out Life Insurance - AOL

   www.aol.com/finance/cash-life-insurance...

   Life insurance is designed to provide a death benefit to your loved ones after you pass away. Certain policies can also accumulate cash value that you can tap into during your lifetime. There are ...

3. Turn Your Life Insurance Into Cash - AOL

   www.aol.com/finance/turn-life-insurance-cash...

   Withdrawal: You can take out the cash value of your life insurance policy at any time, but you may suffer the consequences of a reduced death benefit. Your policy will remain in force, however ...

4. What is cash value life insurance? - AOL

   www.aol.com/finance/cash-value-life-insurance...

   You can make a partial withdrawal from the cash value of some policies, like universal life insurance. However, keep in mind: Withdrawals are permanent, meaning you can’t pay the amount back ...

5. Universal life insurance - Wikipedia

   en.wikipedia.org/wiki/Universal_life_insurance

   Many people use life insurance, and in particular cash value life insurance, as a source of benefits to the owner of the policy (as opposed to the death benefit, which provides benefit to the beneficiary). These benefits include loans, withdrawals, collateral assignments, split dollar agreements, pension funding, and tax planning.

6. Cash value - Wikipedia

   en.wikipedia.org/wiki/Cash_value

   The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...

7. Modified endowment contract - Wikipedia

   en.wikipedia.org/wiki/Modified_endowment_contract

   A modified endowment contract (MEC) is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable gains first as compared to ...