What Does Life Insurance CSV Mean?

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    Peggy Mace
    Most of the U.S.
    Life Insurance CSV stands for life insurance cash surrender value. If you were to cancel your life Whole or Universal Life insurance policy, it is the amount of money you would get in cash (if any). If you had a return of premium (ROP) Term policy, you could also get some cash value back, if you kept the policy enough years. Regular Term Life does not have cash value.
    Answered on October 21, 2013
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