Definitions for "Cash value"
The amount available in cash upon cancellation of an insurance policy, usually a whole life policy, before it becomes payable upon death or maturity. also called cash surrender value or surrender value.
The savings component of a whole life, variable life, or universal life insurance policy.
The amount of money set aside by an insurer to provide for the payment of a death benefit.
The cost of replacing or restoring property to it condition prior to a loss minus the depreciation.
Keywords:  lump, repayments, sum, portion, balance
The portion of your account balance available to provide lump-sum cash repayments under the contract.