» MORE:Permanent life insurance: Definition, pros and cons What is cash value life insurance? The phrase “cash value” refers to a savings component ofpermanent life insurance, such as universal life and whole life insurance. Basically, when you pay your premium, a portion goes toward fundi...
In that case, the benefits of this Plan will be reduced, or the Reasonable Cash Value of any services provided by this Plan may be recovered from the other Plan, so that they and the benefits payable under the other Plans do not total more than those Allowable Expenses.When the benefits ...
Definition The amount of cash that could be received if a whole life insurance policy were canceled. Related Q&A What is net present value? What is the difference between Present Value (PV) and Net Present Value (NPV)? What is book value?
Definition and Examples of Cash Surrender Value How Is Cash Surrender Value Calculated? Tax and Other Implications How Does Cash Surrender Value Work? Alternatives to Surrendering Your Policy Photo: Hero Images/GettyImages Permanentlife insurance policiesearn acash valueover time. If the policyholder de...
2. Policy Expenses: Whole life insurance policies have administrative and mortality expenses associated with them. These expenses are deducted from the premium payments and can have an impact on the cash value. 3. Interest Rates: The interest rate credited to the cash value is an essential factor...
Cash Value means the greater of (i) the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan), and (ii) the amount the policyholder can borrow under or with regard to the contract...
Policy Performance:In the case of variable life insurance, the performance of the underlying investment sub-accounts will directly impact the cash value. If the investments perform well, the cash value may increase significantly. However, if the investments perform poorly, the cash value can be neg...
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Check casher means a person or entity that, for compensation, engages, in whole Free Cash means the aggregate book value of the holdings which at all times are available for the Issuer of any: Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing...
Daily Cash Amountmeans, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day. Unrestricted Cash and Cash Equivalentsmeans, with respect to any Person, cash and Cash Equivalents of such...