cash value

American  

noun

Insurance.

1. the nonforfeiture value of a life-insurance policy payable to the insured in cash upon its surrender.

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Etymology

Origin of cash value

First recorded in 1895–1900

Example Sentences

“Common countable assets include savings and checking accounts; stocks, bonds, and CDs; IRAs and most retirement accounts; secondary vehicles; real property other than your homestead; and life insurance with a cash value exceeding $2,500,” it adds.

From MarketWatch

In a letter to the board’s special committee, Chief Executive David Brown said the revised proposal provides “meaningful upfront cash value, while allowing them to retain significant ownership in a stronger combined company positioned for long-term growth.”

From The Wall Street Journal

It provides guaranteed, lifelong coverage with fixed premiums and an ultimate cash value.

From MarketWatch

In December, Ellison lobbed in his sixth bid, saying Paramount had offered a package that covered all the issues Warner had raised, including the need for “strong cash value” and “speed to close.”

From The Wall Street Journal

The accumulated cash value within the policy can offer financial flexibility as you age, a relatively safe and easy way to save and invest money and, in some cases, a competitive interest rate as your funds grow tax-deferred.

From MarketWatch