meaning of Cash Surrender Value

Cash Surrender Value meaning in Finance Dictionary

the worth of funds returnable towards insured from the insurer upon the surrender of a cash price life insurance policy.


Cash Surrender Value meaning in Law Dictionary

The amount an INSURER must return to the INSURED if an insurance coverage contract with cost savings functions is cancelled ahead of maturity.


Cash Surrender Value meaning in General Dictionary

extent that insurance provider can pay on a given life insurance policy if plan is terminated prior to the death of the insured


Cash Surrender Value meaning in Insurance Dictionary

The amount of cash accessible to the insured in someone term life insurance policy whenever insured cancels and surrenders the policy.