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Life Insurance Glossary: Terms To Know

Cash Surrender Value

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The cash surrender value is the amount of cash you would receive if you voluntarily surrendered (cancelled) a life insurance policy.

Generally the amount equals the accumulated cash value in the policy at the time of surrender, minus a specified surrender charge which is an amount usually stipulated in the policy itself. Cash surrender value is not a feature of policies that do not accumulate cash value (see above.)

Note: If you are considering surrendering a policy because you no longer need it or can no longer keep paying the premiums, be sure to see:


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