Why Buy Cash Value Life Insurance? 
Why buy Cash Value Life ? Why not ? Cash value life insurance provides a tax favored pot of money that the insured can use at their choice . This pot of money inside your policy can be called upon in times of need to provide funds for emergencies , education expenses and really , anything you want . The best part of that is you do n't have to ask permission , you do n't have to explain your need to that guy in the cubicle that looks down his nose at you to decide if you 're worthy . You just call and it 's wired to your account , no questions asked and you use it for what you want . For some people who understand , that aspect alone is very liberating . And it 's been that way a long while . JC Penny , the actual JC Penny , used the cash values in his life insurance to help pay his payroll and keep his stores open during the great depression . There are other valuable aspects about cash value life I could detail but I 'll stick to this one for now . I 'll bring up another positive on another post . 