The amount of money an insurance policyholder would get from selling the policy back to the insurance company Only some kinds of life insurance policies, such as whole life policies, have a surrender [..]

The amount available in cash upon voluntary termination of a policy before it becomes payable on death or maturity. Also called cash value. 

See cash surrender value.

Definition The amount available in cash upon cancellation of an insurance policy, usually a whole life policy, before it becomes payable upon death or maturity. also called cash surrender value or cas [..]

cash surrender value

The amount of money paid to the policyholder by the insurer when certain types of life policy are discontinued before the full benefit becomes payable.

The actual cash value of an endowment policy if it was cancelled or ‘surrendered’ before it was due to finish or mature. Survey

Surrender value is what you might get back if you stop paying into your policy, for reasons other than death, before the agreed date. Most of the life insurance policies provided by LV= don't have a surrender value, so if you stop paying your premiums you get nothing back.

The amount available in cash upon voluntary termination of a policy before it becomes payable on death or maturity. Also called cash value

See cash surrender value.

This refers to the amount that is paid to the insured if they choose to surrender the life insurance policy.

A policyholder has the option to cancel his policy with the Insurance Company, provided premiums have been paid for three consecutive years. And thereby claims a surrender value, which is usually part of the total sum assured.

The value payable to the policy holder in the event of his/her deciding to terminate the policy before the maturity of the policy.

The amount available in cash upon voluntary cancellation of a policy before it becomes payable on death, permantent disability, or maturity. It is also referred to as cash value.

See Cash Surrender Value.

is a sum of money which is paid by the insurer in case that the policy-holder will ask in writing for cancellation of insurance which otherwise fulfils all the agreed conditions.

The amount of money payable on cancellation ("surrender") of a policy with an investment element, before the benefit becomes payable (normally on death or maturity). Surrender values [..]

Usually defined the same as "cash value." The term is sometimes used loosely to cover any nonforfeiture option.

When a policy owner surrenders his/her permanent life insurance policy to the insurance company, he or she will receive the surrender value of that policy in return.The surrender value is the cash value of the policy plus any dividend accumulations, plus the cash value of any paid-up additions minus any policy loans, interest, and applicable surren [..]

Cash value of an insurance policy when discontinued. Surrender values are small in the early years of a policy - usually Nil over the first year or two. This is because expenses are highest at the beginning of the term of a policy and in the first few years there has been little time for interest to accrue.