What Does Life Insurance Net Cash Value Mean?
- 4330 POINTSview profileJerry Vanderzanden, CLU, ChFCCo-Founder, Coastal Financial Partners Group, CaliforniaNet cash value means the cash value of the life insurance policy that the insurer would pay less any outstanding policy loans and less any surrender charges. Life insurance illustrations use this definition when showing cash value on the numerical summary page. It is the cash value that has the most meaning to people who want to know the asset value of their policy.Answered on April 23, 2013flag this answer
- 0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThere can be the cash value account, the surrender cash value account, which may be what the inquiry is addressing, i.e. the cash value after surrender charges. The gross cash values minus the policy expenses could also be the net cash values less any surrender charges. An additional consideration is the net after tax cash values.Answered on May 30, 2013+01 0+1 this answerflag this answerview more answers by David Racich
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