What Does Surrender Value Mean In Life Insurance?

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    Peggy MacePRO
    Most of the U.S.
    The surrender value of life insurance is the amount that the policy owner would receive if they terminated their cash value policy. There is only a surrender to permanent policies (Whole or Universal Life); there is no surrender value to Term Insurance policies. The surrender value is the cash value minus any surrender charges or fees that are charged.
    Answered on September 27, 2013
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