A healthy young female, non-smoker typically will receive the lowest life insurance premiums.
On average, smokers pay more than twice as much for life insurance coverage than non-smokers.
FEATURES UNIQUE TO PERMANENT INSURANCE
ACCESS TO CASH
A policy's cash value can be surrendered, in total or in part, for cash that can be put toward important uses like a child's education, a business opportunity or supplemental retirement income. Also, you can borrow from your insurer at relatively low interest rates and use the cash value as collateral. The loan is not dependent on credit checks or other restrictions like loans from most financial institutions. Keep in mind that borrowing or withdrawing funds from your policy will reduce its cash value and death benefit if not repaid.