WHAT IS THE MEANING OF SURRENDERING POLICY
WHAT IS THE MEANING OF SURRENDERING POLICY? What Is Cash Surrender Value? The cash surrender value is the sum of money an insurance company pays to a policyholder or an annuity contract owner in the event that his or her policy is voluntarily terminated before its maturity or an insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies. It is also known as "cash value," "surrender value," and "policyholder's equity." Volume 0% Cash Surrender Value Understanding Cash Surrender Value Cash surrender value applies to the savings element of whole life insurance policies payable before death. However, during the early years of a whole life insurance policy , the savings portion brings very little ret...