Permanent life insurance coverage is the type of life insurance that may build up some cash value inside the policy over time.

With permanent life insurance, most of the premium ago toward the life insurance coverage, but a portion builds up inside the policy that may be used in the future for a loan, if needed.

Some life insurance companies allow the policy holders to borrow up to 80% of the cash value from their permanent life insurance policy. You pay the loan back with interest which goes b...
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Whole life insurance is the type of life insurance which builds cash value inside the life insurance policy.

Whole life, also known as, permanent life insurance provides lifetime life insurance protection, as long as you pay your life insurance premiums.

Whole may build up cash value inside the policy over time, but usually there is no cash value until you have owned the policy for at least 3 years.

Once you have cash value in tour policy you may be able to take a loan from your policy. Usually,...
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