What does cash surrender value mean?
Definitions for cash surrender value
cash sur·ren·der val·ue
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cash surrender value.
Princeton's WordNet
cash surrender valuenoun
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
ChatGPT
cash surrender value
Cash surrender value refers to the amount of money an insurance company pays to an insurance policyholder if they decide to voluntarily cancel the policy before its maturity or before the insured event occurs. It applies primarily to whole life and universal life insurance policies, and it usually accumulates over time as the policyholder pays their premiums.
Wikidata
Cash surrender value
The cash surrender value is the sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies. It is also known as "cash value", "surrender value" and "policyholder's equity". This amount is net of any surrender charges and outstanding policy loans and interest thereon. A life settlement can be a way in which a policyholder receives more cash for his policy.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cash surrender value in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of cash surrender value in Pythagorean Numerology is: 7
Translations for cash surrender value
From our Multilingual Translation Dictionary
- valor de rescate en efectivoSpanish
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"cash surrender value." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/cash+surrender+value>.
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