the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured
English language
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cash surrender value::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | amount, amount of money, sum, sum of money |
Examples of cash surrender value
cash surrender value
Withdrawals reduce the death benefit and cash surrender value.
From the foxbusiness.com
The current cash surrender value is $569,000.
From the forbes.com
This account value is subject to a large surrender charge with the difference between them being a policy's cash surrender value.
From the forbes.com
In the case of term policies that have no cash surrender value, the deals enable policyholders to recoup some of the money they invested in premiums.
From the washingtonpost.com
If only the minimum monthly guaranteed premium is paid, there may be little or no cash or surrender value upon maturity.
From the al.com
That's because little cash value has been built and the surrender charges are high.
From the businessweek.com
As such you have the right to surrender the policy for its cash value.
From the philly.com
The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
From the en.wikipedia.org
Cash value policies also come with heavy fees, commissions and sometimes surrender charges.
From the stltoday.com
