Question

What is the cash out value of life insurance?

The origin of the question is u.s.life insurance

I had been asked this question by my college director while I was bunking the class.

Other related questions to my question are:

What is the difference between cash value and surrender value?

Who gets the cash value in a life insurance policy?

Do you pay taxes on life insurance cash out?

Answer 1

The correct answer by me is: Cash value is the portion of your policy that earns interest and may be available for you to withdraw or borrow against in case of an emergency. The following types of permanent life insurance policies may include a cash value feature: Whole life insurance. Universal life insurance.

The title of my answer is What is Cash Value Life Insurance? | Allstate