the surrender value of a life policy
1surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …
2surrender value — The sum of money given by an insurance company to the insured on a life policy that is cancelled before it has run its full term. The amount is calculated approximately by deducting from the total value of the premiums paid any costs,… …
3surrender value — surrender values N COUNT The surrender value of a life insurance policy is the amount of money you receive if you decide that you no longer wish to continue with the policy. [TECHNICAL] …
4surrender value — noun : the cash value of an insurance policy that may be taken in cash or applied to the purchase of fractional paid up or extended term insurance * * * surˈrender value 7 [surrender value] noun the amount of money that you get if you end a life… …
5surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value …
6cash surrender value — The cash value of a life insur ance policy as ascertainable by established rules, where the policy has been abandoned and given up for cancellation to the insurer by the person having a contractual right to do so. 29 Am J Rev ed Ins § 620; the… …
7surrender value — UK / US noun [countable] Word forms surrender value : singular surrender value plural surrender values the amount of money that you receive from a life insurance policy if you decide you want to stop the policy …
8Cash Surrender Value — 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… …
9Cash surrender value — The cash surrender value is the amount of cash a policyholder receives from the life insurance company if he or she actually terminates (surrenders) a life insurance policy before it becomes payable by death or maturity. This amount is net of any …
10surrender value — sur render ,value noun count the amount of money you receive from a LIFE INSURANCE POLICY if you decide you want to stop the POLICY …
