The assessor may consider comparable sales based on prices actually paid in market transactions when determining whether taxable value exceeds full cash value. (ricelasvegas.com)
Or if you're redeeming for a premium cabin award, you'd never pay such an exorbitant amount of actual money, so it's not fair to calculate the redemption at full cash value. (travelcodex.com)
You would just need the policy's cash value to return a net 2.5 % interest annually to cut your premium payments in half while maintaining the full cash value. (valuepenguin.com)