1. Cash Value: The cash value is the portion of the surrender value that represents the accumulated savings or investment component of a permanent life insurance policy, such as whole life or universal life insurance. Over time, as policyholders pay premiums, a portion of those premiums is all...
You can use your cash value by borrowing against it, withdrawing some of it, or withdrawing it all at once and surrendering the policy. (Withdrawals over the amount of premiums paid are usually taxable.) Also, you can use permanent life insurance to build tax-deferred value to help supplemen...
Surrender value is the amount of money that a policyholder is entitled to receive if they choose to surrender their life insurance policy before its maturity or the end of the policy term. This value is determined by the insurance company and is a reflection of the accumulated cash value of ...