Cash value life insurance
Most of us have bought, and are buying, several things on an installment plan. It’s how most of us buy the larger items needed in life–a home, car, or expensive household appliances. It gives the average working person a chance to have many of the things not otherwise affordable. The problem? If you default on payments, you may lose your equity.
One of the few things you can buy without losing your equity if you have to default on payments is cash value life insurance. Cash value life insurance can be used for future needs, whether you find yourself needing it for an emergency or using it for an opportunity. It can be purchased on an installment plan and given back to you or your family in the form of cash when you need it most.