Benefits Lesson

Cash Value

Cash value is the amount of money you have access to in a permanent life insurance product like Whole Life or Universal Life. The cash value in an insurance policy is designed to equal the death benefit of the policy at the maturity date, typically from age 95-120.

Lesson Script

What This Video Covers

Cash value is the amount of money you have access to in a permanent life insurance product like Whole Life or Universal Life. The cash value in an insurance policy is designed to equal the death benefit of the policy at the maturity date, typically from age 95-120.

Insurance Terms to Know

Scheduled Personal Property

Scheduled personal property is valuable property specifically listed on a policy, often with broader coverage.