Is like a special savings account?
In: Economics
There are products that are disguised as life insurance (because they have a life insurance *component)* but are really high-fee investment vehicles that are generally not suitable for 99.9% of the population out there. The ‘cash out’ is a feature of the investment part of the policy.
If you want life insurance, buy term life insurance. Invest the difference. Anything else is going to eat you up in fees.
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