Sentences with surrender value
sur·ren·der val·ue
S s - The policy owner has a right to terminate policy coverage in exchange for the policy's cash surrender value.Generally speaking, the surrender value will equal cash values after a certain period of time depending on how long the policy has been in force before the policy is surrendered.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.