So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000. (termlife2go.com)
An indexed universal life insurance policy gives the policy holder the opportunity to allocate cash value amounts to either a fixed account or an equity index account. (investopedia.com)
When you replace the item or complete the specified repairs, we'll pay you the difference between the replacement cost and the actual cash value amount previously paid. (metlife.com)