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It's important to understand how cash value accumulation and risk correlate so you can choose a policy that fits your Each type of policy carries a different level of risk
Accumulation Slows Over Time When you have cash-value life insurance, you generally pay a

The rest of the death benefit the policy will pay will come from the cash value.

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Then in later years, the cash value accumulation slows as you grow older and more of the premium is applied to the cost of insurance
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Over time, the amount allotted to cash value decreases
How Cash Value Builds in a Life Insurance Policy
In the early years of the policy, a higher percentage of your premium goes toward the cash value
Generally, this cash value can grow quickly in the early years of the policy In the early years of your policy, a larger portion of your premium is invested and allocated to the cash value account
With whole life policies, you're generally taking the least risk since your cash value accumulation is guaranteed As you are 65 years old now, the cost of insuring your life is much higher

Variable life policies, on the other hand, can correspond more closely to the level of risk you might assume when investing in the stock market.

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The cash value grows or falls based on how well these subaccounts perform
How Cash Value Builds in a Life Insurance Policy
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