Hey, are you asking about the cash value of the policy?
Guessing that you want to know about the cash value of a life insurance policy, here is the definition for it
Cash value of a life plan is the amount that the policy holder may receive at the event of termination or cancellation of the plan before its date of maturity. Its also called the 'surrender value' of the policy.
Please clarify so that we can give you better response.
One feature of the permanent life insurance policy is that the policy start accumulating a cash value once the paid premium amount exceeds the cost of the insurance.
The cash value of the policy depends upon the following factors:
Duration of the policy
History of your premium payment
Outstanding loan on the policy and its amount
And, the face value of the policy
The policy paper should contain a table describing the cash amount that your policy may accumulate with time. If you can't find it or if can't understand the formula to calculate it, you should contact your agent. He/she should be able to help you out.