Over-funding a $200,000 cash value insurance policy with $10,000 per year can provide a larger immediate payout to heirs ($200,000 death benefit) compared to a traditional investment of the same amount ($20,000) if the policyholder passes away unexpectedly after two years.

Authors

• Person: Not available Organization: U.S. Bank
  Why is insurance important in financial planning? | U.S. Bank

Sources

• Why is insurance important in financial planning? | U.S. Bank www.usbank.com U.S. Bank via serper

Referenced by nodes (2)

• cash value life insurance concept
• death benefit concept