What Does Life Insurance Surrender Value Mean?

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One response to “What Does Life Insurance Surrender Value Mean?”

1. 

   May 5, 2013

   Peggy Mace

   Life insurance surrender value is the amount paid to the policyholder if they decide to terminate the policy before the death of the insured person, or before the policy matures. Only cash value life insurance policies, such as Whole Life or Index Universal Life, will have a surrender value. The surrender value is the cash value of the policy, minus expenses and fees.