Expected market value of something if sold today.
The amount that a life insurance policy will pay the insured if the policy is terminated or canceled prior to maturity. The cash value is the amount the insured is entitled to, as stated in the policy, based upon time in the policy, limits and payments. The amount of cash the insured will receive may be reduced by a surrender fee, any outstanding loans, and applicable interest.
The amount of money that can be withdrawn from a whole life insurance policy while retaining coverage.
Cash build-up in a permanent life insurance policy that is available to the policyowner. It is the amount paid to a policyowner when the policy is surrendered. It also determines the loan amount available on a permanent policy.
the amount of money to which a policy owner is entitled if the policy is surrendered before maturity.
The amount of actual cash, expressed as a dollar value, that a piece of property or an asset will make on the market.Usually, cash value is calculated by considering what an asset will make currently on the market – it is not used to determine possible future profits.If you are interested in quickly reselling foreclosed real estate, you will want to consider cash value for each foreclosed property you buy.
The accumulated savings component of a life insurance policy, which is available to the holder for a loan. The policy holder will receive payment in this amount if the policy is cancelled or lapses before the policy matures or the insured person dies. Also known as the cash surrender value.
a savings component incorporated into permanent life insurance. Cash value accumulated under the contract belong to the policyholder as a matter of state law.
Money that accumulates under some insurance plans that can be borrowed, withdrawn, or used as loan collateral.
The sum of money required to replace a damaged article with another of like kind or quality.
The accumulated refundable value of an insurance policy that is based on insurance premiums paid and investment earnings; can be used as a source of loan collateral.
or Cash Surrender Value The amount payable in cash to the owner of a policy who voluntarily cancels the policy before it is payable by death or maturity. Not all policies have a cash value, for example, term insurance. If cashed in, there may be tax implications for the policyholder.
The actual money that an Asset will bring on the open market without any lengthy delay.
The capitalised payments at the time point at the start of the assessment period. A cash value is positive if it represents an income and negative when the amount represents a cost. Investments, subsidies, savings and running costs are calculated.
In a life insurance policy, cash value is the build-up in the ownerâ€(tm)s cash savings. At any point in time, it represents the amount of money (before adjustments) that would be returned to the policy owner upon cancellation of a policy.
The savings element that accumulates with some life insurance policies.
The amount in cash available in the policy before any charges are applied.
Internal value of a whole life insurance policy based on net premiums paid and insurance company net investment earnings.
The amount of money for which a security is issued or bought.
A whole life policy will build up a cash value, meaning that the policy can be cashed in or borrowed against for that cash amount as the policy grows.
The amount of money that a policy holder is entitled to if the policy is surrendered before the policy matures. Cash value insurance policies often accumulate a cash value that exceeds the premiums paid over an extended time period. Whole, universal, and variable universal life insurance policies have this feature.
The cumulative value of your premium payments and the earnings of the account, minus any front-end sales fees, state premium taxes, insurance costs and other administrative expenses.
The policy may also be cancelled in exchange for the Cash Surrender Value. This is also amount that is approximately available in cash for loan. Accessing Cash Value by a loan may reduce the death benefit and may increase the risk of lapse.
Refers to what the items are worth in their used state (not necessarily what it would cost to replace the items at today's prices). The cash value is usually the cost of replacing the property with something of similar type and quality - minus depreciation. Actual cash value is sometimes also referred to as 'actual cash value,' or 'actual value.'
The amount available in cash upon surrender of a permanent life insurance policy. Also known as cash surrender value.
The amount of cash accumulated inside some type of permanent life insurance on the type of policy. The cash value typically grows over time and often earns a rate of interest, depending on the type of policy. It can borrow by the insured or withdrawn when the policy is surrendered.
Stipulated by the policy, the dollar amount available for cash or loans withdrawals. Note: Prematurely, accessing resources available within the cash surrender value, will reduce the overall fee paid -out as the death benefit.
In insurance, certain life insurance policies generate a cash value as you pay premiums. Cash value represents the equity amount or cash accumulation in a permanent life insurance policy. Current cash value represents the amount of cash in the policy. If the owner decided to surrender the policy, the owner will get all or a portion of the cash value.
an amount that increases over the years you own the life insurance policy and that you receive if you cancel the policy
The value of a gilt in the market.
The current value of a future cash flow (maturing receivables etc.). The cash value is determined by discounting the interest accruing until the maturity date, i.e. of a receivable, the redemption amount (cash flow) and the refinancing costs. The cash value amount can be transposed to any point in time. This can occur both by adding on interest (future cash value date) or discounting (past cash value date).
The accumulated cash available in a permanent policy that the policy owner may borrow as a policy loan or receive if the policy is surrendered before maturity.
In Cash Value Life Insurance policies, this is the amount of money that accumulates in your policy. You can usually borrow a portion of your cash value for any reason. The policy's death benefit will be reduced by the amount of any outstanding loan.
The "savings" element of all permanent forms of life insurance. The cash value is the amount of money a policy owner can get for surrendering the policy. The cash value of whole life is pre-determined and fixed when the policy is issued. The cash value of a universal life policy depends on the amount and timing of premium payments, the expense and risk charges the insurance company charges for providing benefits and the interest rate the company credits. The cash value of a variable life or variable universal life policy will vary depending upon the performance of the investment accounts selected by the contract owner. Increases in cash values are not taxable until withdrawn. Some policies may allow the owner to borrow against the cash value.
The amount payable upon cancellation of a policy. You may also be able to borrow against this amount.
The guaranteed amount of cash available upon surrender or loan before it becomes payable upon death.
The “savings element” in a permanent life insurance policy, which is the legal property of the policy owner.
The amount of money, which the policy owner will receive as a refund if the policy owner cancels the coverage and returns the policy to the company. Also known as cash surrender value.
The sum of money available to the owner when the policy is surrendered. The cash value can also be used as collateral if the owner takes out a loan against the policy. Policies that offer cash value include, but are not limited to, whole life, variable life, universal life and joint life insurance.
(1) In a life insurance certificate, the amount of money, before adjustment for factors such as loans, liens and late premiums, that the certificate owner would receive if the owner allows the certificate to lapse or cancels the coverage and surrenders the certificate to the insurance provider. Cash values are a feature of most types of permanent life insurance such as whole life and universal life. (2) In an annuity, the amount is usually called the accumulation value.
The amount of cash that is due the insured who surrenders a LIFE (and, extremely rarely) or HEALTH policy. Such surrender with termination of all insurance benefits is often called "cashing out."
The cash fund which a life policy develops usually after the first or second year the policy has been in force. It is available when the policy is surrendered or may be borrowed earlier as a policy loan.
The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse.
The amount available in cash upon surrender of a policy before it becomes payable upon maturity or death.
Money that accumulates in an insurance policy, which, depending on the plan selected, can be borrowed, used as collateral for a loan, or withdrawn.
How much money you would be paid at any given time if you cancel your whole life policy. It's also the amount you can borrow from the policy, or its loan value.
The loan value or surrender value of certain types of life insurance policies.
In a cash value (also called "permanent") life insurance policy, this is the money that can accumulate in the policy. This money usually accumulates on a tax-deferred basis. As the policyowner, you can access the available cash value at any time and for any purpose. Some people borrow cash values for down payment on a home, to help pay college bills, or to provide supplemental income in retirement. Note that borrowed cash values will reduce the death benefit of your policy or otherwise negatively impact overall policy values.
The amount that the policy is worth at the time--that may be available for withdrawals. Withdrawals may reduce the death benefit and may increase the risk of lapse.
The amount available to the owner when a policy is surrendered to the company. During the early policy years, the cash value equals the policy reserve less a "surrender charge"; in the later policy years, the cash value usually equals or closely approximates the reserve value at time of surrender. A schedule of the cash value per $1,000 (or unit) at the end of various representative policy years is generally included in the contract.
The sum of the variable annuity contract’s or variable life insurance policy’s value in its Sub-Accounts and its Fixed Account, less any applicable fees or charges. Return to Previous
The equity amount accumulated in a whole life policy that you may barrow against ot surrender the policy for.
The equity amount or "savings" accumulation in a whole life policy.
Also called "cash surrender value". The amount available in cash upon voluntary termination of a policy by its owner before it becomes payable by death or maturity.
Amount of money, before adjustment for factors such as policy loans or late premiums that the policy owner will receive if the policy owner allows the policy to lapse or cancels the coverage and surrenders the policy to the insurance company.
The amount of cash available to the owner when a policy is surrendered to the life insurance company. Most of the cash value is also available to policyowners in the form of policy loans. (See Net Total Cash Value and Total Cash Value.)
The accumulation portion of a permanent policy.
Amount of cash that accumulates within the policy according to the provisions of the policy. It is the total of the premium paid, less the cost of insurance, plus adjustments for interest or investments.
The equity value of a whole life insurance policy that is available to the policy owner as a loan or upon cancellation before it becomes payable upon death or maturity.
The amount of money in your policy that is available for loans or withdrawal should you cancel the policy.
A feature of Whole Life (or "permanent") life insurance policies. With many policies, cash value grows, tax-deferred, over time, provided the policy owner chooses to use his or her dividends to purchase additional life insurance. Cash value may be borrowed against for a variety of purposes. For more information, visit our Products section.
The amount available in cash when surrendering some forms of insurance policies before death or maturity. J K M N O X Y Z
The amount of money that a policyowner is entitled to receive (minus any surrender charges and any outstanding loans and interest) if the policyowner cancels the coverage and surrenders the policy to the insurance company.
The amount of money, before adjustments for factors such as policy loans, that the policyholder will receive if a cash value life insurance policy does not remain in force until the insured's death. Also known as cash surrender value.
See Cash Surrender Value.
The savings element that builds up in a permanent life insurance policy, an endowment policy, or an annuity contract.
Also known as the cash surrender, this is the amount available in cash upon surrender of a permanent life insurance policy before it becomes payable upon death or maturity.
Cash value is the amount of cash that you have built up that you may borrow against. If you choose to terminate your life insurance policy, cash value is the amount that will be refunded by the life insurance company.
The amount of cash available to the life insurance policy owner when a policy is surrendered to the insurance company. It is also used as collateral when loans are made against a policy. During the early policy years, the cash value is the reserve less a surrender charge; in later policy years, the cash surrender value usually equals or closely approximates the reserves value.
The amount that is available in cash for loans. You may also be able to cancel, or surrender, the policy and receive the cash value as a lump sum.
the amount a life insurance policy is worth if it is canceled prior to maturity.
the value of money that has accumulated in an insurance policy--which can be borrowed or withdrawn by the client.
The cash amount payable to a life insurance policy owner in the event of termination or cancellation of the policy before its maturity or the insured event.
The amount available in a permanent life insurance policy for loans or cash withdrawals. Accessing this amount may reduce the death benefit and may increase the risk of lapse.
The equity amount available to the policy owner when a life insurance policy is surrendered to the company, or the amount upon which the total available for a policy loan is determined. During the early policy years in a traditional whole life policy, the cash value is the reserve less a surrender charge; in the later policy years, the cash surrender value usually equals or closely approximates the reserve value.
In a life insurance policy, cash value is the amount of money, before adjustment for factors such as policy loans, surrender charges, or late premiums, that the policy owner will receive if the policy owner cancels the coverage and surrenders the policy to the insurance company. Cash value is a feature of most types of permanent life insurance, such as universal life insurance.
Cash value is the excess accumulation of funds within a whole life or universal life insurance policy. Cash values generally grow tax deferred and can be withdrawn or borrowed if the policy allows. Cash values are not guaranteed.
The "savings" feature in a "permanent" life insurance policy.
The cash within a permanent life insurance policy. Cash value is the premium paid less the cost of insurance policy. Cash value is also adjusted by any investment performance within the insurance policy.
The amount of money which the certificate owner will receive as a refund if the certificate owner cancels the coverage and returns the certificate to the insurer. Also known as cash surrender value.
Expected market value of property if sold today.
The amount of money one would receive today by selling an asset in the market place.
The amount of cash available to the owner when a policy is surrendered to the life insurance company. Most of the cash value is also available to policyowners in the form of policy loans. Also referred to as Surrender Charge or Withdrawal Charge.
The value in cash of a life insurance policy.
The amount of cash accrual and interest that the insured may be able to borrow money from.
The accumulated cash build-up in a whole life policy that a policyholder receives if the policy is redeemed before its maturity or the policyholder’s death
The amount the insurer will pay the policy owner if the life insurance policy is surrendered before the death of the insured.
The cash value of an insurance contract, also called the cash surrender value or surrender value, is the cash amount offered to the policyowner by the issuing life carrier upon cancellation of the contract. This term is normally used with a life insurance contract.