if all of the following policies were issued to 25-year-old individuals with the same risk classification, face amount, and from the same company, which policy will the cash value grow at the fastest rate?

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03-09-2022
Business

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if all of the following policies were issued to 25-year-old individuals with the same risk classification, face amount, and from the same company, which policy will the cash value grow at the fastest rate?

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-09-10T06:23:50+02:00

The policy at which the cash value will grow at the fastest rate is 20-Pay Life Policy.

A 20-Pay Life Policy is designed for people who are looking for limited level premiums with cash value growth and also permanent death benefit protection. So, a person pay 20-level annual premiums, but the death benefit is guaranteed for them for a lifetime lifetime.

The life insurance company generally invests the premium payment in a conservative yield investment. Thus, so when you continue to pay premiums on the policy and earn more interest, your cash value will grow over the years.

Hence, so after the 20-year term ends, you can either let your policy expire or can renew it.

To learn more about 20-Pay Life Policy here:

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