1. Surrender: whole life insurance can refund the premium paid during the hesitation period, and the cash value of the policy can be refunded after the hesitation period, but the guarantee will be lost after surrender.
2. Policy loan: In whole life insurance, it is generally stated in the insurance contract that there is interest on the policy loan, so the insured can apply for 70% or 80% of the policy cash value of the loan through the policy loan, but it is generally required to repay the loan within six months.
3. Insurance reduction: For example, in whole life insurance, the cash value of insurance policies is relatively high. Generally, you can apply for part of the cash value of the policy by reducing the insurance, that is, part of the surrender. However, after reducing the scope of insurance, the amount of insurance will be reduced accordingly.
4. Receive dividends: If it is a dividend-paying type in whole life insurance, you can receive dividends in each period. Or you can not receive the bonus and deposit it in your account to get compound interest and interest increase, buy insurance with reduced payment, and pay the next premium.
5. Accident settlement: whole life insurance mainly covers death or total disability. If the insured is in danger, the insurance company can claim for death insurance or total disability insurance.