What Does Cash Value Mean On A Life Insurance Policy? 
The cash value of a life insurance policy is a pool of money that you can borrow from to use for your own purposes , while you are still alive . If you pay back your policy loan with interest , you will still be able to keep the death benefit intact , as well . If you were to surrender -LRB- drop -RRB- your policy , you would receive the cash value minus any fees . 