What Is The Cash Value Of My Life Insurance? 
The cash value is the amount the insurance company would pay you today , after any surrender charges or loan payoffs , if you canceled your coverage . You can contact the servicing agent or the life insurance company direct requesting the current values of the policy . They should also be able to tell you the policy 's basis -LRB- premiums paid -RRB- . Any cash value received over basis is gain and subject to income tax . 