Accumulation Value (Health Care) Law and Legal Definition

Accumulation value means the sum total of the accumulated premiums paid and interest accumulated after deducting the expense charges, cost of insurance, and charges for any supplemental benefits or riders in universal life insurance policies. Accumulated value is applied to find out the policy's amount that is at risk in calculating mortality charges. To find out the loan and surrender cash value, the surrender charge is applied to the accumulated value. Accumulated value is also called as account value.