What Does Cash Surrender Value Mean?

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

Cash Surrender Value

Cash Surrender Value

Cash surrender value (CSV) refers to the amount of money that an insurance company will compensate a life insurance or annuity policyholder in case of a voluntary termination of the policy before it matures or the death of the insured. It is a feature available in most permanent life insurance policies with a savings component.

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

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