Definitions
There is 1 meaning of the phrase
Cash Surrender Value.
Cash Surrender Value - as a noun
The amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured
Example Sentences
"The cash surrender value of the life insurance policy was $50,000."
"Upon cancellation, the customer will receive the cash surrender value of their annuity."
"The cash surrender value of the investment account was lower than expected."
"The policyholder decided to withdraw the cash surrender value instead of continuing with the insurance."
"The cash surrender value can be used as collateral for a loan."
