How You Can Use the Cash Value in Your Life Insurance Policy

By now, you know that cash value life insurance builds savings over time — but what can you actually do with that money?

The good news is: it’s flexible. Once your policy has built up enough cash value, you have options. You can borrow against it, withdraw from it, or use it to help pay your premiums. Many people use it as a safety net or an extra financial tool during major life events.

Need help with college tuition for your kids or grandkids? Your cash value can help cover it. Planning a big purchase or want to supplement your retirement income later in life? Your policy may be able to help with that too. In some cases, policyholders use it during emergencies — job loss, medical bills, or home repairs — without needing to dip into savings or take out high-interest loans.

Loans from your policy typically don’t require credit checks, and you set the repayment schedule. Just remember — unpaid loans or withdrawals can reduce the death benefit and may have tax implications if not managed properly. That’s why it’s important to work with an experienced insurance advisor who can walk you through the process.

Bottom line? This isn’t just a life insurance policy. It’s a long-term financial asset — one that can serve you in more ways than one.

If you’re wondering how this could work for your family or future, give me a call. I’d love to help you explore your options.

📍 Chris Jacobson | Vision Insurance Group LLC, Yankton, SD📞 (605)653-3877

and let's plan for your future.