Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between face value and cash surrender value of life insurance?

April 26, 2017cash Face Life Insurance surrender value

0

Posted

What is the difference between face value and cash surrender value of life insurance?

1 Answer

0

Posted

Cash surrender value is different from plain old “cash value” or “accumulated value” in that most insurance policies have surrender charges for 10 to 20 years that reduce the total “cash value” or “accumulated value” down to the cash SURRENDER value.