The cash surrender value is the amount an insurance policyholder is entitled to receive if they choose to terminate their permanent life insurance policy before it matures or the insured event occurs.
The cash surrender value is the amount an insurance policyholder is entitled to receive if they choose to terminate their permanent life insurance policy before it matures or the insured event occurs.
This value is typically associated with whole life and universal life insurance policies, which have a savings component along with the death benefit.
The cash surrender value accumulates tax-deferred over the life of the policy from a portion of the premiums paid, which are invested by the insurance company.
The cash surrender value is the amount an insurance policyholder is entitled to receive if they choose to terminate their permanent life insurance policy before it matures or the insured event occurs.
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