Shopping for life insurance plans can seem complicated at times. With terms that you probably have never seen before and the numerous riders and policy types, it often leaves many confused. One of the many terms that often leave buyers confused is “cash value”. From what “cash value” actually means to why you should get it, we have it all covered. Cash Value Explained Image: Unsplash.com (@m_____me) Cash value is essentially the investment component of life insurance policies. As a portion of your policy that earns interest and is tax-free, it is a sum of money available for your use for various purposes such as loans or to pay a policy. A cash value life insurance policy typically offers two benefits in a single policy, cash value itself as well as a death benefit. Death benefit refers to the amount of money paid out to the policyholder’s beneficiary after they pass away....