Surrender Charge


Definition of "Surrender charge"

Dino Ferro
  Keller Williams

Fee charged to a policyowner when a life insurance policy or annuity is surrendered for its cash value. This fee reflects insurance company expenses incurred by placing the policy on its books, and subsequent administrative expenses.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Interest Assumption

Minimum rate of return, in life insurance, guaranteed to a policyowner in calculating benefits for a ...

Cooperative Insurer

Mutual insurance association that issues insurance to its members on a nonprofit basis. Examples of ...

Point

Loan service charge; each point equals 1% of the amount of the total mortgage loan, which must be pa ...

Early Retirement

Term in pensions; leaving a job before normal retirement age, subject to minimum requirements of age ...

Fleet Of Companies

Several insurance companies under common ownership and, often, common management. ...

Common Area Charges

Fees that all tenants or owners must pay for the cost of maintaining common areas. ...

Related Real Estate FAQ

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Should you Buy a Home with Cash? What is Escrow and how does it Work? When to Dispute Your Home Appraisal 5 U.S. Cities with the Best Public Transportation How is Square Footage Determined?

FAQ

What is a mortgage banker? What is principal? What is a point? What is an investment property? What is flood insurance?