Maybe this cash payout becomes six hundred thousand dollars when you accrue all the interests and everything else in it.

Then the best thing to do is just stop paying premium and get the cash payout and give that to your family.

Let's assume we have a starting state over here, and there's 2 goal states who are often called absorbing states with very different reward or payout.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

Which really makes you ask the question, if you know your cash payout is larger than the amount of that is going to be paid off when you die.

I guess it's more exactly we will give your family, or we will give the beneficiaries of your policy five hundred thousand dollars. the beneficiaries are the people who would benefit from your policy who would get the payout

You're family wont get the death benefit in the event that you die but you would get cash payout or whatever is left after the insurance company has taken their fees and set side for the insurance component of what they're selling you, but the question you might ask is what happens to the cash amount?

You've saved up bunch of money and you say.... look I'm going to stop paying this when I'm sixty five so this will kind of go out of the picture but then you can get the cash payout so all of this extra cash in interest you will be able to get that for yourself what they won't tell you until you feel good about it, it's like a lot like life insurance it's like savings at the same time what they might not clarify as much is that they're taking huge fees on this cash savings