What is the surrender right provision in my cash-value life insurance policy?
All cash-value life insurance policies include a “surrender right,” which entitles you to give the policy back to the insurer for its current cash value. Say you suddenly need cash or simply don’t need your policy any more because you have obtained adequate coverage through some other source. If you surrendered the policy, your current insurer would cancel the insurance and send you a check for its cash value.
