Content Overview 
- Summary
- The Insured
- The Owner
- Premium
- Death Benefit
- Face Value
- Beneficiary
- Insurability
- Guaranteed Issue
- Simplified Issue
- Guaranteed Insurability Rider
- Cash Value
- Cash Surrender Value
- Contestability/Constestable Period
- Suicide Exclusion
- Accidental Death And Dismemberment
- Disability Waiver Of Premium Provision
- Accelerated Death Benefit/Living Benefit
Life Insurance Glossary: Terms To Know
Cash Value
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Cash value is a savings feature that accumulates money over time.
Basically, if your policy has a cash value provision, what you contribute in premiums pays more than the cost of the insurance. The insurance company invests and accumulates that difference, which you may be able to borrow against at a pre-set rate of interest.
Cash values are generally found in permanent type policies. They are rare in group policies.
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