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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Cash Value |
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This is usually defined as the maximum amount of money before deducting existing loans that is available to the policyowner in the form of a policy loan or, if allowed, a partial withdrawal, under a deferred annuity or permanent life insurance policy. Visit our life site to learn more about Whole Life, Interest Sensitive Whole Life, and Universal Life Insurance policies. Cash value is equal to the policy account value less any applicable surrender charge. See also Actual Cash Value, Account Value, Accumulation Account, Cash Surrender Value and Cashing In or Cashing Out. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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