| 单词 | surrender value |
| 释义 | surrender valueWord forms: plural surrender values countable noun 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. [business]surrender value in British English (səˈrɛndə ˈvæljuː) noun insurance the value of a life policy after the voluntary discontinuation of the policy by its holder surrender value in Insurance (sərɛndər vælyu) Word forms: (regular plural) surrender values noun (Insurance: Life insurance) surrender , surrender The surrender value of a life insurance policy is the amount of money you receive if you decide thatyou no longer wish to continue with the policy. The policy owner has a right to terminate policy coverage in exchange for the policy'scash surrender value. Generally speaking, the surrender value will equal cash values after a certain period of time depending on how long the policyhas 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 thatyou no longer wish to continue with the policy. |
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