Glossary
Cash Surrender Value
This refers to the amount of money received when you surrender your life insurance policy back to the insurance company. Surrendering your policy terminates your life insurance coverage. This amount is always net of any outstanding loans against the policy or any charges. You may request this information from your insurance company at any time. . It is important to explore all options before deciding to surrender your life insurance policy.
It is the intent of Premium Finance to provide accurate and complete information regarding the definitions contained within the glossary of our website and although every effort has been made to ensure the accuract or completeness of this information, Premium Finance direct does not warrant or represent the accuracy or completeness of this information, but rather intends that this information be used as an informal resource guide. Most importantly, it is recommended that you consult with your insurance carrier(s) and your own insurance, legal and tax professionals regarding questions regarding new or existing life insurance coverage.