Why Buy Cash Value Life Insurance? 
There are several reasons . With cash value life insurance such as whole life , you do not have to worry about prmiums going up as you get older and most likely to need the insurance . The cash value can help provide a buffer if your financial situation changes . Every whole life policy as nonforfiture options in the contract . The cash value can help conserve a poliy utilizing thes options . If you can not afford the premiums any longer the cash value can be used to buy a reduced paid up policy according to a schedule in your policy . You can also stop making payments and the policy will continue in-force with the cash value buying extended term insurance until the cash value is used up . You can cash surrender the policy and get some equity . When you deduct the cash value of a policy from the total premiums you pay you will see that in the long run cash value insurance was far less expensive than buing term . You can also take a loan on your cash value that is very interest friendly and will have no repayment schedule , although it is always best to at least pay the interest since the amount of the loan would be deducted from the face amount when you die . 