Does Whole Life Insurance Have Any Cash Value? 
Whole life insurance builds cash value . Cash value in life insurance helps make lifetime death benefit protection affordable and premiums level . It represents an asset to the policy owner which may be used as a source of collateral or for policy loans should that become a necessity . At death , the policy will pay tax free proceeds to the beneficiary at an amount far in excess of the cash value . If the policy cash values are removed during lifetime , it will impact the future performance of the policy and such actions should be carefully managed and monitored to ensure there are no unintended consequences . 