Whole Life Insurance does have cash value. Cash value is a feature of whole life insurance that serves as a savings component. Over time, a portion of the premiums paid into the policy accumulates as cash value. This cash value grows tax-deferred and can be accessed by the policyholder through withdrawals or policy loans. The cash value can also be used to pay premiums or to purchase additional coverage. It's important to note that accessing the cash value may reduce the death benefit and could have tax implications. The cash value of a whole life insurance policy can provide a source of funds for various financial needs, such as supplementing retirement income, funding a child's education, or covering emergency expenses. It's essential to consult with a financial advisor or insurance professional to fully understand the implications of utilizing the cash value of a whole life insurance policy.