Cash Value

Amount of money, before adjustment for factors such as policy loans or late premiums that the policy owner will receive if the policy owner allows the policy to lapse or cancels the coverage and surrenders the policy to the insurance company.

See Also: Carrier / Insurance Company / Underwriter; Cash surrender value; Casualty; Captive Agent; Capitalization or Leverage; Capital; Capitation; Cap; Crop Insurance; Consequential Loss (or Damage);

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