cash surrender value

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Definitions from WordNet

Noun cash surrender value has 1 sense

cash surrender value - 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
--₁ is a kind of sum, sum of money, amount, amount of money

Definitions from the Web

Cash Surrender Value

Definition: The cash surrender value refers to the amount of money that an individual is entitled to receive when terminating or surrendering a life insurance policy before its maturity or when it reaches its cash value.

Example sentences:

The policyholder decided to cash in the insurance policy and received a cash surrender value of $50,000.
Before making any decisions, it is essential to inquire about the cash surrender value of your life insurance policy.
She realized her financial need and chose to surrender the policy to obtain the cash surrender value.
Upon reaching the fifth year of the policy, the insured can withdraw a portion of the cash surrender value.

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Books on Cash Surrender Value

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