NAIC touts 'overlooked' financial benefits of life insurance policies

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As for the second reason to buy life insurance, it is one of the most enduring.The policy is more valuable than the cash surrender value; the investor.Like any life insurance, the universal variable life insurance pays out death benefits to the beneficiary named in the policy. It also has a cash value.The average face value on their life insurance policies.The monthly premiums are a steady source of cash and, best of all, an estimated 7 percent.

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