What feature allows policyholders to access cash from their Variable Life Insurance?

The feature that allows policyholders to access cash from their Variable Life Insurance is the tax-advantaged cash value accumulation. In a Variable Life Insurance policy, part of the premiums goes into a cash value component, which is primarily invested in various securities, such as stocks and mutual funds.

As the cash value grows, it accumulates on a tax-deferred basis, meaning policyholders do not pay taxes on the growth until they withdraw the funds. This feature provides a significant advantage, as it allows policyholders to access their cash value without immediate tax consequences. The policyholders can borrow against or withdraw from this cash value, providing them with financial flexibility to meet their needs or goals.

This accumulation aspect is crucial, as it not only provides a source of funds but also has the potential for growth based on the performance of the underlying investments, making it a unique characteristic of Variable Life Insurance.