by lakemen » Sat Jul 08, 2006 05:13 am
Cash Surrender Value
(1) In a life insurance policy, the amount of money, adjusted for factors such as policy loans or late premiums, that the policyowner will receive if the policyowner cancels the coverage and surrenders the policy to the insurance company. Also called the net cash value. Compare to cash value. (2) In an annuity, the amount that a contract owner will receive if he surrenders a deferred annuity. This amount is equal to the accumulated value of the annuity less any surrender charges specified in the policy.
(1) In a life insurance policy, the amount of money, adjusted for factors such as policy loans or late premiums, that the policyowner will receive if the policyowner cancels the coverage and surrenders the policy to the insurance company. Also called the net cash value. Compare to cash value. (2) In an annuity, the amount that a contract owner will receive if he surrenders a deferred annuity. This amount is equal to the accumulated value of the annuity less any surrender charges specified in the policy.
Posted: Wed Jul 28, 2010 04:43 pm Post Subject: cash surrender value
pd $115 per mon for 58 months for $50000 life insurance, how much cash surrender value
Posted: Wed Jul 28, 2010 10:30 pm Post Subject:
What is your age? What are the surrender charges? There is no standard formula for determining the policy cash value. Have you asked your agent? Is it even a cash value policy?
My guess . . . a couple of hundred dollars to no more than $1000.
Posted: Thu Jul 29, 2010 01:02 am Post Subject:
Call the insurance company or your agent and they can tell you what the cash surrender value on your policy is.
Posted: Thu Aug 12, 2010 08:31 am Post Subject: surrender value
I want to know the surrender value of my policy no. 0016471934 of Bajaj allianz unit gain policy.
Add your comment