Why Buy Cash Value Life Insurance? 
I am a life insurance salesman who believes that cash value life insurance should be a last resort . This product is first and foremost a way of taking care of your loved ones , your obligations , your business , and your favorite charities . Financial security means a lot here , and life insurance is a very cost-effective way to provide that . This means that someone should never buy a cash value life insurance if it means short-changing the beneficiary on survivor benefit . Having said that , cash value life insurance can be a superb way to insert guaranteed cash into your financial portfolio . I frankly have not come across another product that can match it in terms of guarantees . On top of that , favorable tax treatment make that cash build up very attractive . There are a few other vehicles that make cash and again this is the non - guaranteed portion of the policy available so quickly , and with such lenient tax treatment . 