Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 19, 2021

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Many life insurance companies have policies that help build equity
  • The best life insurance policies to build cash value are permanent life insurance policies such as whole and universal life insurance
  • How much you grow your cash value with whole life insurance or universal life insurance will depend on your policy details

Many of the best life insurance companies that build equity offer whole or universal life insurance options. Many people purchase life insurance without knowing which is best.

Life insurance policies can get complicated. That’s why we’ll break down cash value life insurance, which life insurance policies are best, and some of the best whole life insurance companies.

Keep scrolling to learn more about life insurance companies that build equity or enter your ZIP code to get free quotes from top life insurance providers near you.

Life Insurance Companies That Build Equity

Many people don’t realize that life insurance policies can build equity. Unfortunately, not every policy has the features needed to establish cash value or equity.

In short, term life insurance policies don’t typically have a cash value component. Ultimately, the life insurance companies that don’t build equity will only offer term life insurance policies.

Permanent life insurance options like whole life insurance and universal life insurance do build cash value. Some people refer to these policies as cash value life insurance.

What is cash value life insurance? This means that some of your monthly or annual premiums are put into a separate account which can ultimately grow and build interest.

Which life insurance policy is best for cash value?

If you’re looking to build cash value with whole life insurance or universal life insurance, you’ll need to do some research on the policies each company offers to see which is best for you.

In general, universal life insurance policies tend to be more flexible with payments while whole life insurance has more rigid payment guidelines. In addition, you’ll want to decide which interest plan works for you.

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Some policies are considered guaranteed, meaning that the insurer guarantees a return of a specific amount. Usually, these amounts might be lower than the potential rates with non-guaranteed policies, however, they come with less variance and risk.

Each life insurance company will have different participating policies, interest rates, and even life insurance riders. In addition, some companies offer indexed policies which help protect policyholders from major market fluctuations.

Indexed universal life insurance policies offer flexible premiums with added protection and can still be fairly affordable according to the Insurance Information Institute.

Monthly Indexed Universal Life (IUL) Insurance Rates based on Age, Gender, and a $250K Policy Amount
Policyholder's AgeMonthly IUL Rates for FemalesMonthly IUL Rates for Males
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If you’re looking to build long-term cash value, an indexed universal life insurance policy could be the best option.

How do you choose the best life insurance company for cash value?

Life insurance companies each have a different specialty. Realistically, you’ll want to find a company that offers the policy that fits your budget and earns you the most cash value.

As you shop different policies, it’s important to know how to calculate cash value of a life insurance policy so you can choose wisely. Thankfully, there are some cash value life insurance calculators out there.

Otherwise, you’ll want to research various whole life insurance company ratings and cash value accessibility. How can you access the cash value? This will depend on the policy, but some companies will let you withdraw cash value or take a loan out using your cash value as collateral.

In some circumstances, you can even get away with using cash value to pay the premiums. Sometimes these features are only available with life insurance riders like an accelerated benefit rider.

Keep in mind, just because a company like American Equity Investment has equity built into the name, doesn’t mean that they will be the best option. You may want to look into an American Equity Investment life insurance review before you make any decisions.

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Life Insurance Companies That Build Equity: The Bottom Line

There are many life insurance companies that help policyholders build equity through different permanent life insurance options. The right policy for you will depend on your budget and investment preferences.

By now, you should feel well-informed about life insurance companies that build equity. Before you go, enter your ZIP code to get free quotes from top insurers in minutes.