Cash Value (Life Insurance)
InsuranceThe savings component of permanent life insurance that grows over time and can be borrowed against or withdrawn.
Example
Example: When shopping for coverage, understanding cash value (life insurance) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle cash value (life insurance) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.