What does Cash Value mean? Read on to discover the definition & meaning of the term Cash Value - to help you better understand the language used in insurance policies.
Cash value is the amount of money that an insurance policy is worth at a specific point in time. It is typically used in reference to life insurance policies. Many life insurance policies have investment components that can lead to an increase in their cash value over time.
We hope the you have a better understanding of the meaning of Cash Value.