What Does Cash Surrender Option Mean?

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What does Cash Surrender Option mean? Read on to discover the definition & meaning of the term Cash Surrender Option - to help you better understand the language used in insurance policies.

Cash Surrender Option

Cash Surrender Option

A nonforfeiture option that allows whole life insurance policyowners to receive a payout of their policy's cash values.

We hope the you have a better understanding of the meaning of Cash Surrender Option.

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