What Is The Cash Value Of Life Insurance? 
Cash value in life insurance is the amount remaining after you submit your premium payment to your insurance company and the carrier takes out any cost of insurance and mortality & expense charges . There is no exact figure for it as it will vary by policy - your face amount , length of coverage , risk class , premiums , and other factors go into the calculation . The cost of insurance/mortality & expense charges on permanent policies will vary from carrier to carrier as well as whether the policy is a Universal or Whole life policy . The cash value can be borrowed against -LRB- acting like a loan with interest rates and the expectation to be paid back - when not paid back , the outstanding balance of the loan is deducted from the death benefit and the beneficiary receives the difference -RRB- , or pay your premiums for you . 