The cash value of the life insurance policy is the amount paid out at death.

Question

Quizplus · Accepted Answer

The cash value of a life insurance policy is the amount of money that accumulates over time as a portion of the premiums are invested by the insurance company. This cash value can be accessed by the policyholder during their lifetime, either through a partial surrender or a policy loan, but it does not determine the actual death benefit paid out at the insured's passing.

The Cash Value of the Life Insurance Policy Is the Amount