Cash Value Life Insurance


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question 1 of 3

What type of insurance is cash value life insurance?

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1. What is one way that cash value life insurance is different from term life?

2. What are the three ways someone can get money from their cash value life insurance policy?

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About This Quiz & Worksheet

This quiz/worksheet assessment tool is designed to quickly determine the depth of your knowledge about cash value life insurance. You will be quizzed on various aspects of this type of insurance policy.

Quiz & Worksheet Goals

This assessment essentially measures your ability to do the following:

  • Explain what cash value life insurance is
  • Differentiate between cash value and term life insurance
  • List ways to get money from a cash life insurance policy
  • Describe the result of surrendering this type of policy
  • Provide details about obtaining a loan from a cash value insurance policy

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson, such as what type of policy cash value life insurance is
  • Distinguishing differences - compare cash value and term life insurance policies
  • Knowledge application - use what you know to answer questions about surrendering a cash value policy and borrowing money from it

Additional Learning

Life insurance can sometimes be confusing, so if you need to get more details about this topic, you can do so with the lesson titled Cash Value Life Insurance. You'll learn:

  • The three types of cash value life insurance
  • How cash value life insurance works
  • Who cash value life insurance policies are best for
  • The downfalls of using this type of policy as an investment vehicle