What Does Cash Value Mean On Life Insurance? 
A permanent life insurance policy is where you will find cash value . In your policy it is often called a non-forfeiture value . The permanent policy is designed to offer a death benefit throughout life for a set premium . While not all policies guarantee the premium the policy premium includes money that is accumulating to offset the death benefit as the age of the insured increases . At any time that there is cash value in the policy the company is willing to give you that cash value in exchange for taking away their responsibility to pay the death claim . 