What is a common result of the cash value in whole life insurance?

In a whole life insurance policy, the cash value component is a significant feature that distinguishes it from term life insurance. One of the primary benefits of having cash value is that it may be borrowed against or withdrawn by the policyholder. This is an important financial aspect of whole life policies, as it offers flexibility and access to funds for the policyholder.

When a policyholder decides to borrow against the cash value, they can take a loan from the insurance company using their policy's cash value as collateral. The borrowed amount does not require approval or a credit check, and the policyholder can choose to pay it back or not; however, any unpaid loan amount will reduce the death benefit if the policyholder passes away before repaying it. Additionally, policyholders have the option to withdraw funds from the cash value, though this may impact the overall value of the policy and the death benefit.

The ability to access the cash value through borrowing or withdrawal is a major advantage, giving policyholders added financial security and options. This characteristic is what makes option B the correct answer, highlighting the utility of cash value in whole life insurance policies.