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Cash surrender value |
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Cash surrender valueThe amount an insurance company will pay if the policyholder tenders or cashes in a whole life insurance policy.Cash surrender valueThe value of funds returnable to the insured from the insurer upon the surrender of a cash value life insurance policy.Similar MatchesSurrenderSurrenderThe encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity. SurrenderSurrenderThe process of cashing in an unwanted endowment policy with the insurer who sold it to you. Doing this often produces a poor return for the money invested to date in the policy's early years. Surrender valueSurrender valueThe cash value of, for example, an endowment assurance policy at any time throughout the term prior to its maturity. During the early years of the term the surrendering of such policies results in very little return compared with premiums paid. |
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