What does Accumulated Value mean? Read on to discover the definition & meaning of the term Accumulated Value - to help you better understand the language used in insurance policies.
Accumulated value refers to the sum of the portion of the payment deducted from a policy that is set aside and invested by the insurance company and the interest that the investment has yielded. It is not tax-deductible.
We hope the you have a better understanding of the meaning of Accumulated Value.