SRL for [grouped]: Shorn of all their riders , special provisions , and other bells and whistles , insurance policies can still be [grouped] under two broad categories : so-called pure insurance , which amasses no cash value in the policy and pays off only upon death , and permanent insurance , which provides not only a death benefit but also a cash value in the policy that can be used in various ways while the insured is still alive .
ARG-M-MOD: can | ARG-1: insurance policies | ARG-2: under two broad categories : so-called pure insurance , which amasses no cash value in the policy and pays off only upon death , and permanent insurance , which provides not only a death benefit but also a cash value in the policy that can be used in various ways while the insured is still alive