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surrender value

noun, Insurance.
Origin
1875-1880
1875-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for surrender value
  • If the face value is higher, all of the cash surrender value is counted toward the limit.
  • If a policy has cash surrender value to which the client has access, the policy is not burial insurance it is life insurance.
  • The fair value of these policies is equal to the cash surrender value as determined by the insurance companies.
  • There is generally no loan value or cash surrender value on a term life insurance policy.
  • The contract was a level premium fifteen-year term life insurance contract without cash surrender value.

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