Cash Surrender Value


Definition of "Cash surrender value"

Jacquelyn Butler real estate agent
Jacquelyn Butler, Real Estate Agent eXp Realty

Money the policyowner is entitled to receive from the insurance company upon surrendering a life insurance policy with cash value. The sum is the cash value stated in the money the policyowner is entitled to receive from the insurance company upon surrendering a life insurance policy with cash value. The sum is the cash value stated in the policy minus a surrender charge and any outstanding loans and interest thereon.

 

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