The amount of money that begins to accumulate in a permanent life insurance policy after the first two or three years is called the cash value.

Question

The amount of money that begins to accumulate in a permanent life insurance policy after the first two or three years is called the cash value.​

Quizplus · Accepted Answer

The cash value in a permanent life insurance policy is a component that accumulates over time, typically starting after the first few years of the policy being in force, and can be used by the policyholder for loans or withdrawals.

The Amount of Money That Begins to Accumulate in a Permanent