Direct answer
Yes, because whole life insurance policies build cash value over time that can be borrowed against or withdrawn to help fund future educational expenses, though these policies are primarily designed for death benefit protection.
Standard industry definitions of permanent life insurance cash value mechanics. For additional information about the fundamentals of permanent life insurance, see the Insurance Information Institute‘s comprehensive guide on life insurance types.
What this means for you
Yes, because whole life insurance policies build cash value over time that can be borrowed against or withdrawn to help fund future educational expenses, though these policies are primarily designed for death benefit protection.
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