What Is Meant By Cash Value Of Life Insurance? 
The cash value of life insurance is the amount of equity built up in a Whole Life or Universal Life Plan . Whole Life is designed to equal out insurance costs over the average life span . You pay more than term in the early stages but much less as you get older . The excess premium in the early stages allows the insurance company to invest the funds . After expenses , cash value is accumulated in the policy according to a schedule found in the policy . 