The savings or investment component of a permanent life insurance policy, such as whole life insurance, universal life insurance and variable life insurance. A portion of each premium is credited to the cash value of the account, which grows on a tax-deferred basis. You can borrow from or withdraw the cash value, but doing reduces the death benefit. If you surrender the policy, you receive some or all of its cash value. See Cash Value Life Insurance
Glossary
Cash Value
Your A‑to‑Z Glossary of Financial Terms
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a
- ACA
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b
- Balance Sheet
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c
- Call Option
- Capital Asset
- Capital Gain
- Capital Gains Tax Rate
- Capitalism
- Captive Agent
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- Central Bank
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- Certified Financial Planner®
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d
- Dealer
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e
- Earned Income
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- Exchange-Traded Fund
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f
- Face Value
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- FDIC
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- Form 1040
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- FX
- FX Futures
g
- GDP
- Grantor
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- Gross Domestic Product
- Gross Income
- Guaranteed Lifetime Income
- Guardian
h
- Harry Markowitz
- Health Care Power of Attorney
- Health Insurance
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- Healthspan
- Hedge
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- Hospital Insurance
- Howey Test
i
- Illusion of Attention Bias
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- Immediate Income Annuity
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- Independent Insurance Agent
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- Inflation
- Inflation Rate
- Inheritance Tax
- Inherited IRA
- Institutional Investors
- Insurance Agent
- Insurance Cap
- Insurance Claim
- Insurance Company
- Insurance Contract
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- Insurance Policy
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- Interest Rate
- Interest Rate Risk
- Internal Revenue Code
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- Intuition Bias
- Investment Advisers Act of 1940
- Investment Advisor Representative
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- Investment-Grade
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- Issuer
j
- Joint and Survivor
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k
- Key Person Insurance
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l
- Lagging Indicator
- Landlord
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- Large-cap
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- Liabilities
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- Life Expectancy
- Life Insurance
- Lifespan
- Liquid
- Liquidity
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- Loan
- Loan Agreement
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- Lump Sum
m
- Major Medical Insurance
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- Maturity
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n
- Nasdaq
- National Credit Union Administration
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- Net Worth
- New York Stock Exchange
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o
- Obamacare
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p
- Passive Income
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r
- Real Estate
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s
- Salary
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- Stock Exchange
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t
- T-Bills
- T-Bonds
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- Tax Avoidance
- Tax Code
- Tax Credit
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- Tax-Efficient
- Tax Evasion
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- Tax-Loss Harvesting
- Tax Rate
- Tax Refunds
- Taxable Income
- Taxes
- Term Certain
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- Tuition Prepayment Plan
u
- U.S. Securities and Exchange Commission
- Umbrella Liability Insurance
- Underwriting
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- Universal Life Insurance
- Utmost Good Faith
v
- Value-Added Tax
- Variable Annuity
- Variable Expense
- Variable Life Insurance
- Volatility
w
- Wages
- Waiting Period
- Ward
- Wealth Management Industry
- Whole Life Insurance
- Will
y
- Yield
z
- Zero-Coupon Bonds