What Is A Cash Accumulation Fund Life Insurance? 
This could be a few different things , but generally speaking it 's a life insurance policy with a non-forfeiture benefit -LRB- aka an ability to accumulate a cash value that can be redeemed upon policy surrender or used to provide for a degree of policy benefits if the policy holder decides he or she no longer wishes to pay the premium due on the original policy -RRB- . 