the cash paid by an insurance company to the owner of a policy when the policy is terminated prior to the death of the insured.
The amount of money an insurance policy holder would receive if the policy were surrendered at a given date. You can generally borrow from your cash surrender value through policy loans.
The amount payable to the policy owner upon surrender of the policy. It is equal to the Cash Value less any surrender charges, any monthly contract charges and any policy debt.
is the amount available in cash upon the policy owner's termination of a permanent life insurance policy before it matures or becomes payable by death.
In a life insurance policy, if the insured wishes to surrender the policy in order to collect the cash value of the policy, the cash surrender value is the amount the insured is entitled to, as stated in the policy, based upon time in the policy, limits and payments. The amount of cash the insured will receive may be reduced by a surrender fee, any outstanding loans, and applicable interest.
The amount of money which the owner of a life insurance policy would receive if the policy were cashed in.
The amount that the policyowner is entitled to upon surrendering a cash value life insurance policy. The amount is determined by taking the account value of the policy and deducting any surrender charge or any outstanding policy loan and interest thereon. Also see nonforfeiture provision and Life Product Comparison.
The amount payable to the owner upon voluntary termination of the certificate.
Cash surrender value is the total amount of money that will be refunded to you in the event that you choose to cancel your life insurance policy. Cash surrender value can vary greatly from life insurance policy to life insurance policy.
A benefit that allows a policyholder to cancel the policy and receive an amount of money.
The amount of money adjusted for factors such as policy loans or late premiums, that the policy owner will receive if the policy owner cancels the coverage and surrenders the policy to the insurance company.
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
The amount of money received by a policyholder from a life insurance company when the holder surrenders the policy for cash prior to the maturity date.
The amount in cash available upon surrender, or cashing in, of the policy.
The equity amount available to the owner of a life insurance policy should he or she decide it is no longer wanted. Calculated separately from the legal reserve.
This is the amount payable in cash if a policyholder cancels their policy, in whole or in part, before it expires or before they die.
The cash surrender value is an amount payable in cash if a policyholder decides to cancel their policy, in whole or in part, before it expires or before they die.
The cash surrender value is an amount payable in cash if the policyholder decides to cancel his policy, in whole or in part, before it expires or before he dies.
In insurance, the amount of money redeemable to the owner of a permanent life insurance policy when the policy is surrendered to the company.
This is the value of a policy that will be paid the policyowner when they surrender the policy to the company thus terminating coverage.
money the policyholder is entitled to receive from the insurance company upon surrendering a life insurance policy with cash value
The amount of cash available to the Policy Owner upon surrender of the policy before the policy matures.
The amount payable if a life insurance policy is canceled by the insured before it either matures or is payable on death.
This is the amount of money you can receive from the insurance company if you surrender (cancel) your cash value life insurance policy. There may be surrender charges and/or fees or policy debt deducted from the policy's actual cash value.
The value a policyowner receives upon termination of a permanent life insurance policy for any reason other than death of the insured. The cash surrender value of a life insurance contract is equal to the cash value less any surrender charge imposed by the insurance company. Cash surrender values are typically not available during the first year or two of the policy's life. Usually, the policyowner is allowed to take the cash surrender value in the form of cash, a reduced amount of paid-up life insurance, or extended term life protection.
The amount of money payable to an investor in exchange for a life insurance policy or annuity that has not yet matured.
An amount of money received if a policyholder surrenders an insurance policy. In the case of car policies this is usually zero, though some insurers refund some of the premium if a policy is cancelled early.
The sum of money due to the insured when the insured surrenders a life insurance policy with cash value. This value is calculated by taking the total cash value minus any surrender charges and/or outstanding loans (and accrued interest).
It refers to an amount of money received by a policyholder when he surrenders an insurance policy. For most car insurance policies this is zero, though some insurers refund some of the premium if a policy is cancelled early.
(1) In a life insurance certificate, the amount of money, adjusted for factors such as accumulated loans and accumulated liens, that the certificate owner would receive upon cancellation and surrender of his or her certificate. This is also called the net cash value. (2) In an annuity, the amount, if any, that the certificate owner will receive at the surrender of an annuity. For a deferred annuity, this amount would equal the accumulation value less any surrender charges, accumulated loans, accumulated liens, and late premiums.
The amount available in cash upon voluntary termination of a policy by its owner before it becomes payable by death or maturity.
The amount of money that the insured receives when he or she surrenders their policy. It is calculated using the terms specified in the contract usually less any surrender charges and loans.
Cash amount available to the owner of a life insurance policy when the policy is voluntarily terminated before the death of the life insured.
The amount that an insurance policyholder is entitled to receive when he or she discontinues coverage. Policyholders are usually able to borrow against the surrender value of a policy from the insurance company. Loans that are not repaid will reduce the policy's death benefit.
The amount that a contract holder will receive if he/she surrenders a deferred annuity policy. This amount is equal to the accumulated value of the annuity less any surrender charges specified in the policy.
The amount of cash available to take out of a life insurance policy. There is no cash surrender value in term life insurance.
The net amount of cash that a life insurance policy is worth, after deduction of loans and/or liens against it.
The amount of cash due an insured who surrenders Cash Value Life Insurance. Such surrender, with consequent termination of all insurance benefits, is sometimes called "cashing out" or "cashing in" a policy. See also Nonforfeiture Values.
The amount available to the policyholder if a cash value life insurance policy is surrendered (canceled). The cash surrender value is actually the cash value of the policy, minus any surrender charges imposed by the insurer and any policy loans and interest that were outstanding when the policy was canceled.
The amount of money received when a policyholder surrenders a life insurance policy with cash value.
The amount of cash you can take out of a life insurance policy.
The predetermined actuarial value of an insurance policy according to the number of years the policy has been in force. The longer in force, the greater the cash surrender value.
the amount of money an owner receives when a cash value life insurance policy is cancelled.
The value that Goodspeed Musicals would receive if they cashed the policy; this amount will generally be approximately equal to the amount of premiums that have been paid on the policy.
The amount of money you may be entitled to receive from the insurance company when you terminate a life insurance or annuity policy. The amount of cash value will be determined as stated in the policy.
The amount of cash payable upon voluntary termination of an insurance policy prior to the death of the insured.
The amount of cash available when a policy owner voluntary terminates a policy before it becomes payable by death or maturity.
The actual cash value that the policy owner would receive in the event a policy is surrendered. In a whole life policy, the surrender value is typically equal to the cash value less the surrender charge if applicable. The surrender value may be less in indeterminate premium policies, depending on how long the policy was in force before surrender.
The amount payable to an insured who surrenders cash value life insurance, which terminates all insurance benefits.
The amount that can be withdrawn from the contract after deduction of any surrender charge. It is equal to the contract value minus any surrender charge. Also known as cash value.
The amount of cash a person may obtain by voluntarily surrendering a life insurance policy.
The amount that is available to the owner if a life insurance policy is surrendered. The amount represents the cash value minus surrender charges and any outstanding loans due upon cancellation of the policy.
The amount of cash available upon voluntary termination of an insurance policy before the insurance benefits become payable.
The amount of money received by a policyholder for the surrender of an insurance policy.
When an insured wishes to cancel a life insurance policy before the full term, the policy may have a cash value which is stipulated in the policy. The longer the policy is in force, the higher the cash value is likely to be. It is a sum paid back by the life insurance company to the insured when an insured requests the termination of the policy.
The amount of money received when the policyowner surrenders a life insurance policy with cash value.
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The amount the policyowner receives when terminating a cash value insurance contract. Computation of the cash surrender value is stated, by law, in the contract.
The money paid out by an insurer upon cancellation of a life insurance policy.
This is the amount of money that is received by a policyholder when they surrender an insurance policy.
(1) In a life insurance policy, the amount of money, adjusted for factors such as policy loans or late premiums, that the policyowner will receive if the policyowner cancels the coverage and surrenders the policy to the insurance company. Also called the net cash value. Compare to cash value. (2) In an annuity, the amount that a contractowner will receive if he surrenders a deferred annuity. This amount is equal to the accumulated value of the annuity less any surrender charges specified in the policy.
The amount that is available in cash for loans and that may be available for withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse. Please note that the cash value only pertains to permanent life insurance and not term life insurance.
The amount of cash that could be received if a whole life insurance policy were canceled. To Top