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cash surrender value meaning

  "cash surrender value" in a sentence
  • Noun: cash surrender value
    1. The amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured

    Derived forms: cash surrender values

    Type of: amount, amount of money, sum, sum of money

    Encyclopedia: Cash surrender value


  • [Finance]
    The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies. Also known as "cash value", "surrender value" and "policyholder's equity".

Examples

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  1. cash surrender value of life insurance
  2. Cash value or cash surrender value is the money a policyholder is entitled to when he or she cashes out a life insurance policy.
  3. The current generation of VUL policies have a wide variety of sub-accounts for the policy owner to allocate their cash surrender values into.
  4. Companies currently can deduct the interest they pay on loans that use certain types of corporate-owned life insurance policies as collateral while the cash surrender value of the policies increases tax-free.
  5. All values related to the policy ( death benefits, cash surrender values, premiums ) are usually determined at policy issue, for the life of the contract, and usually cannot be altered after issue.

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PC Version