The difference between the cash surrender value of the policy at the time of sale, and the original basis is ordinary income. (insuranceandestates.com)
The plan offers a loan facility which is 90 % of the special surrender value of the policy at the end of the relevant policy year less any unpaid premiums for that year. (comparepolicy.com)
If your policy has a cash value, you should make sure to receive more than the cash surrender value of your policy if you enter into a life settlement contract. (insure.com)