What Is The Cash Surrender Value In A Life Insurance Policy?
The cash surrender value refers to the amount the insurance company is required to pay out if you wish to cancel a life insurance policy. The amount will depend on the amounts that have been paid into the policy that have not yet been applied to payment of premiums, and will also depend on the terms and conditions of the specific policy. You should read the policy carefully and/or discuss this directly with the agent who sold the policy to you, or directly with the insurance company.
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