The difference between the given value of a life insurance policy and the cash value it has accrued. This is the amount the insurer would have to pay of his or her own money should the insured die and a death benefit need to be paid out.
The Rantings of the barely human.
The difference between the given value of a life insurance policy and the cash value it has accrued. This is the amount the insurer would have to pay of his or her own money should the insured die and a death benefit need to be paid out.