The more I think about it, though, the more I realize that AWD helps you mostly only while accelerating. It doesn't help you while cornering, unless you're also accelerating while cornering (in which case, it's again helping while accelerating). If you're coasting, and you turn, and start to slide, AWD isn't going to help you at all in that scenario. If you're braking, also not going to help you.
That said, if you have training, there are some advanced techniques you can use to take advantage of AWD while cornering to improve exit speeds while driving, and is the main reason why AWD Rally cars tend to have the fastest leg times over RWD rally cars. But unless you're planning on driving like Petter Solberg in day to day driving, it's not really going to help. Even then, the AWD system on Volvo's isn't set up to take advantage of that.
Generally, AWD only helps you while accelerating, though, so I'll stand by my post. In the case of uneven traction (one wheel is hovering in a puddle of water), AWD can also help with unbalanced accelerating forces (left to right) leading to torque causing your car to start to rotate around its center. AWD helps in that situation because it reduces the impact of that force imbalance, since you have 2 other wheels also contributing to acceleration forces (net force imbalance is reduced, but not eliminated). Though much of that can also be corrected for by the fancier new (within the last 10+ years) anti-yaw controls that reduce engine power to the wheel that's not spinning, too. So it's kind of a bit of a wash.
Yes, it'll help you to not get stuck in Snow (within reason), as my old Subaru's with decent All Season tires were pretty good at. Though so would a FWD car with dedicated Snow tires, if you drove in an area that could reliably get snow over winter.