By: Peggy Mace

Peggy Mace — Tue, 06 Aug 2013 12:19:41 +0000

The cash value of a life insurance policy is the savings amount in a Whole or Universal Life policy. If you were to use your policy as collateral, or borrow from it, or surrender it, the cash value would show you how many funds you have available, minus surrender charges.

New answer on: What Is The Cash Value Of A Life Insurance Policy?

By: Peggy Mace