Definition
Cash Value
The investment portion of a life insurance policy that grows tax-deferred inside the wrapper.
Full definition
Cash value is the accumulated investment portion of a life insurance policy. Inside PPLI, cash value grows tax-deferred and is invested through the separate account. It supports policy loans and withdrawals during life and is included in the death benefit at death (subject to policy design).
Related terms
Availability, tax treatment, and policy design depend on jurisdiction, carrier, investor qualification, and applicable law. simpleppli.com provides general educational information only — not tax, legal, insurance, or investment advice. Consult qualified tax counsel, insurance counsel, and licensed insurance professionals before implementing any PPLI structure.