Question

(e) Surrender value of policies payable 10,000.​

Answer 1

Answer:

Cash surrender value is what you receive if you cancel a permanent life insurance policy. Surrender charges can make it much less than your policy's actual cash ... must pay all or a portion of the cash value to the policyholder—this amount is ... payment of $50,000 and paid $40,000 in premium payments, $10,000 would be ...

Explanation: