;

Cash surrender value

Life insurance terminology shouldn't be confusing. Here is the definition of cash surrender value.

The cash surrender value (or just surrender value) is the amount of money you'll receive if you cash in your permanent policy. It's typically the current cash value of your policy minus any outstanding loans and interest fees, as well as any surrender or administrative fees listed in your contract. Typically the surrender value is between 50-80% of the policy's actual cash value.

A policyholder can frequently get more cash back by selling the unwanted policy to a life settlement company instead of surrendering it to the insurer.

pgLogoBlack

50 West 23rd Street, Floor 9

New York, NY 10010

24/7 - Available when you need us

Monday-Thursday | 9am-11pm ET
Friday | 9am-8pm ET
Saturday | 9am-9pm ET
Sunday | 10am-9pm ET

  • facebook
  • twitter
  • linkedin
  • googlePlus
  • pinterest

Copyright PolicyGenius © 2014-2018

22 West 19th St, Floor 8
New York, NY 10011

madeInNynorton