What Is Cash Surrender Value

Cash surrender value is the amount of money your life insurance provider pays to you if you choose to cancel your life insurance policy before the time agreed on. If you want to cancel your current life insurance policy, here is a list of five things you should know about cash surrender value. Once you collect cash surrender value, you no longer have life insurance....Read More

Difference between Cash Value and Cash Surrender Value

When talking about life insurance, you may hear the terms cash value and surrender value. While there is a connection between both terms, they are different. Therefore, it is important that you understand what both terms mean before buying a life insurance policy. So what is the meaning of cash value? Cash value is an amount of money that grows in the savings account of...Read More