What is the term for the cash amount accumulated in a whole life policy?

The cash amount accumulated in a whole life policy is referred to as the cash value. This term represents the savings component of a whole life insurance policy and accumulates over time as the policyholder pays premiums. A portion of each premium payment goes into building this cash value, which grows at a guaranteed rate set by the insurance company. The policyholder can access this cash value through loans, withdrawals, or by surrendering the policy, providing a level of financial flexibility.

Other terms in the options may suggest related concepts, but they do not accurately describe the accumulated cash aspect of a whole life policy. Understanding this distinction is crucial for policyholders who wish to utilize their policy as both an insurance product and an investment vehicle.