1. Jerry Vanderzanden, CLU, ChFCPRO
    Co-Founder, Coastal Financial Partners Group, California
    Net cash value means the cash value of the life insurance policy that the insurer would pay less any outstanding policy loans and less any surrender charges.  Life insurance illustrations use this definition when showing cash value on the numerical summary page.  It is the cash value that has the most meaning to people who want to know the asset value of their policy.
    Answered on April 23, 2013
  2. David RacichPRO
    Fountain Hills, Arizona
    There can be the cash value account, the surrender cash value account, which may be what the inquiry is addressing, i.e. the cash value after surrender charges. The gross cash values minus the policy expenses could also be the net cash values less any surrender charges. An additional consideration is the net after tax cash values. 
     
    Answered on May 30, 2013
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