Yes--any cash value policy can do this, but you'll get the best bang for your buck with an appropriately managed commission free variable universal life policy that is professionally managed by a fee-only advisor. What kind of premium do you have to allocate to this policy, and for how long?
That can actually be accomplished with many whole life or universal life policies. Basically, the accumulated cash value is utilized to pay off the premium due. When the cash value is exhausted then the policy will lapse. The exact rules behind this may vary from carrier to carrier, be sure to check your policy.
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