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What is surrendered?

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Anonymous

10y ago
Updated: 6/22/2022

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. Also known as "cash value", "surrender value" and "policyholder's equity".

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Aliza Upton

Lvl 13
3y ago

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