Curious what components of life insurance rise with inflation? With a U.S. inflation rate currently more than 9%, many people are wondering what it means for the cost of life insurance. Will your policy premium go up? What does it mean for policies with cash value, like whole life insurance?
Variable life insurance is one of several types of permanent life insurance that earns cash value, a built-in savings account of sorts that you can borrow from tax-free during your lifetime. But what sets it apart from other types of cash value policies? And is it right for your financial