| 释义 |
Cash-surrender value Cash-surrender valueThe amount an insurance company will pay if the policyholder tenders or cashes in a whole life insurance policy.Cash ValueThe amount of cash that becomes available to an insured person upon the cancellation of his/her insurance policy. Most often, this applies to the savings portion of a canceled whole life policy. This value is considered an asset and can be borrowed against or used as collateral. It may also be called a cash surrender value or a surrender value. |