"Cash surrender" refers to the action of an individual or organization giving up or surrendering their life insurance policy in exchange for a cash payment.
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«cash»
«surrender»
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Phrases with «cash surrender»
Sentences with «cash surrender»
- This is essential to have a decent understanding of cash surrender value of life insurance when you purchase a whole life policy. (secureseniorlifeinsurance.com)
- [x] Different ways that can be used by a contract owner by which he can apply for cash surrender value of an insurance or annuity contract due to any lapse. (ampminsure.org)
- Also known as cash surrender value, cash value is the cash amount that the policy holder offers upon the cancellation of his or her insurance contract. (usacoverage.com)
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