Cash Value
/ˈkæʃ ˈvæl.juː/
Definitions
- (n.) The amount of cash an insurance policyholder can receive upon surrender before maturity or death benefits.
The policy's cash value increased with each premium payment.
Forms
- cash value
- cash values
Related terms
See also
Commentary
Cash value typically applies to whole life or universal life insurance policies, representing an accumulating savings component accessible to the policyholder.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.