One thought on “What does modified whole life insurance mean?

  1. Arti says:

    No, a modified whole life policy is not interest sensitive. It will build up cash value that grows every time you make a payment. You can borrow from the cash value if you need money in a bind. In addition, the cash value account earns interest causing it to grow further. First, every insurance company will charge alternative rates for their modified coverage. It’s a whole life policy with a waiting period before benefits are payable. After the waiting period is over, the full benefit will pay out for any reason. When you get your policy, you’ll see a table showing you how the cash value grows over time. A modified whole life insurance policy is a plan that has a waiting period of 2-3 years before the death benefits are payable. A modified whole life in

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