Part of every whole life insurance premium covers the cost of insurance. The remainder of the premium is devoted to the investment component of the policy, which builds up over time to its:

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The cash surrender value is the amount of money that a policyholder will receive if the policy is surrendered before the insured passes away. This value is built up through the investment component of the policy and is accessed by the policyholder if they choose to surrender the policy. The other options (reimbursement point, culmination value, and return point) are not commonly used terms in the context of whole life insurance policies.

Part of Every Whole Life Insurance Premium Covers the Cost