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Partial surrenders are fairly simple. They are removal of a portion of the original cash balance of an insurance policy or annuity. You should either contact your insurance agent or the company from which you purchased your policy.

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14y ago

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What is the difference between a policy loan and a partial surrender of a life insurance policy?

A policy loan is a loan against your cash value that you would have to pay back and they charge you an interest on the money you took out. The partial surrender is taking some of your cash value but it in effect will lower the death benefit. Careful!!


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