What is cash surrender value?

By Doresa Banning on November 17th, 2010

Question: What is cash surrender value?

Answer: Cash surrender value is the amount of money that an insurance company pays to a policy holder upon the voluntary termination of the a life insurance policy before it is payable by reason of death or maturity. The amount is the cash value stated in the policy less any surrender charges and outstanding loans.

Get Free Life Insurance Quotes
Enter Zip code :
Featured Insurance Quote
Facebook 470 flares Google+
470 flares ×