Cash value life insurance is a form of permanent life insurance. It provides lifelong coverage while accumulating cash values that can be accessed during the policyholder’s lifetime. It differs from term life insurance in that it provides both death benefit and living benefits, meaning that you and your beneficiaries can access the accumulated cash value at any time. With cash value life insurance, you’ll have more financial flexibility because you can use the cash value to pay premiums, take out a loan, or even receive a lump-sum payout depending on the policy. As such, cash value life insurance is an excellent choice for those looking for financial security and peace of mind.