If you no longer need your permanent life insurance policy, taking the cash surrender value may be an option. Many, or all, of the products featured on this page are from our advertising partners who ...

See the tax advantages and downsides.

Life insurance is designed to provide financial protection, but life happens, and your needs might shift. If you have a permanent policy, it could have built-up cash value, giving you the option to ...

Permanent life insurance policies generally grow cash value that you can borrow from or withdraw for any reason. The way the cash value grows depends on the type of life insurance policy. The cash ...

Whether you can get money back when canceling a life insurance policy depends on the type of policy and when you cancel it. Permanent life insurance policies might provide a cash payout upon ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

Kimberly Lankford is an insurance staff writer at Buy Side. Edited By Written by Staff Deputy Editor, Buy Side Les Masterson is a staff Deputy Insurance Editor at Buy Side and has over 10 years of ...

Cash value life insurance is a type of permanent life insurance that uses your monthly premiums to build value within the policy. Cash value life insurance combines the benefits of life insurance with ...