The phrase "accumulation value" refers to the total amount or worth of something that has been gathered or gathered over time. It signifies the cumulative value or sum of items or assets that have been collected or amassed. Full definition
Permanent life insurance policies such as whole life, for example, have a cash accumulation value. (insuranceblogbychris.com)
After the surrender charge period is over, your full accumulation value may be available to you without any surrender charges. (nylinvestments.com)
Option 2, the death benefit is equal to the face amount plus the cash value accumulation value, which increases the death benefit. (insuranceandestates.com)