What is the maximum amount provided for net cash value in a life insurance policy?

In Georgia, life insurance policies often have limits on the net cash value that can be accumulated. The correct amount, $300,000, reflects the statutory maximum established for the cash surrender value of a policy. This figure is particularly significant for policyholders who may wish to access the cash value of their life insurance for loans, withdrawals, or surrenders in the event they no longer wish to maintain the policy. By setting this cap, regulations ensure that consumers are protected while maintaining a balance with the insurance company's ability to manage its liabilities effectively.

Other amounts listed, whether higher or lower, do not conform to the maximum limits imposed by law, demonstrating the importance of understanding both state regulations and policy provisions when navigating life insurance options.