Question

What is the term used for the amount the policy holder will get from the insurance company if he exits the policy before maturit

Answer 1

Explanation:

The cash surrender value is the sum of money an insurance company pays to a policyholder or an annuity contract owner in the event that his or her policy is voluntarily terminated before its maturity or an insured event occurs.

Answer 2

Answer:

Explanation:

Definition of 'Surrender Value' Definition: It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity. Description: A mid-term surrender would result in the policyholder getting a sum of what has been allocated towards savings and the earnings thereon.