Which type of life insurance policy generates immediate cash value

Cash value life insurance

Cash value is the part of your policy that earns interest and may be available for you to withdraw or borrow in the event of an emergency.

The following types of permanent life insurance policies may include the cash value feature:

  • Whole life insurance
  • Universal life insurance
  • Variable universal life insurance
  • Indexed Universal Life Insurance

The following life insurance policies doesn’t include the cash value feature:

  • Term life insurance