The cash value is a small amount of what you pay into your life insurance every month, after the policy's been "In Force" at least five years. After that time, the cash value starts to grow.
Usually by the time the child is 25 years old, the cash value in the policy may have grown to around $500.
But the life insurance policy owner will get a statement every year, regarding the exact amount of cash value in the plan.
Here's how you can compare Globe Life vs Gerber Life insurance plans for children.