What is total net cash surrender value mean on life insurance?
Surrender value means that you give up your insurance and by giving up your insurance, if there is any cash value, you give that up, also. For example, if you have $1000 in cash value and your surrender value says $600 then it means that you were charged $400 by the insurance company. Surrender value, usually, is in effect for the first two to three years. Look at the guarnateed column in your policy then look at the surrender value column. You should see how many years surrender value is in place. Surrender value is the charge the company puts in place in thearly years of the policy to cover expenses.
