15 Fascinating Things You Need to Know About Your Insurance

Your heirs don’t get the cash value from your life insurance

One other thing to mention about life insurance cash value. The insurance company gets to keep it when you die. That’s right. It’s not bonus money that goes to your beneficiaries. What’s more, if you use it for loans or to make premium payments while you’re alive, the amount you use will be deducted from the death benefit given to your heirs.