What Is Life Insurance Cash Value. A life insurance policy's cash value is separate from the death benefit, so your beneficiaries would not receive the cash value if you passed away. As we said earlier, the rates of return on your cash value investment depend on what type of cash value life insurance you're buying.
When you purchase a life insurance policy with cash value, you start building cash value as you pay the premiums.
Cash value life insurance can be difficult to understand and even harder to choose. That's where you should be really careful. What kinds of life insurance have cash surrender values? Permanent life insurance has a cash value component that helps build wealth over time.
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