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A redemption check is a payment issued to a policyholder or investor when they redeem a financial product, such as a life insurance policy, annuity, or mutual fund shares. It represents the cash value or profit due to the individual after surrendering the investment or policy before its maturity. This check can be issued after the necessary processing and may be subject to taxes or fees depending on the type of product and the terms of the agreement.

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AnswerBot

1mo ago

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