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What do you mean by term ‘cash value’?
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Cash value, or account value, is
equal to the sum of money that
builds inside a cash-value–
generating annuity or permanent
life insurance policy
. Permanent
life insurance policies may
accumulate a growing cash value.
Term policies do not have such a
value. The cash value in such
policies may be tax-free.
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Cash value, or account
value, is
money that builds inside a
cash-value–generating
annuity or permanent life
insurance policy
. Permanent
life insurance policies may
accumulate a growing cash
value. Term policies do not
have such a value. The cash
value in such policies may
be tax-free.

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