8/24/2026 10:19 PM (PST)

The cash value of a life insurance policy is the amount of money that has accumulated within certain permanent life insurance policies, such as whole life or universal life insurance. It can grow over time as you pay premiums and may be available to the policyholder while the policy is active. Depending on the policy terms, you may be able to access the cash value through withdrawals or policy loans, or receive a cash surrender value if you cancel the policy. The amount you can receive may be different from the policy’s total accumulated cash value because of outstanding loans, surrender charges, fees, or other adjustments. If you are considering selling your life insurance policy, it is important to compare its cash surrender value with other options, such as a potential life settlement offer, to understand which choice may provide greater value.