| Message |
Author |
|
 Posted: Sat Jul 08, 2006 5:13 am Post subject: Cash Surrender Value |
|
|
Cash Surrender Value
(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 contract owner 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. |
|
lakemen
Site Admin
Joined: 18 May 2005
Posts: 1279
319.21 Dollars($)
|
|
| Posted: Wed Jul 28, 2010 4:43 pm Post subject: cash surrender value |
|
|
pd $115 per mon for 58 months for $50000 life insurance, how much cash surrender value
_________________
Register Now to have your Insurance queries solved. |
|
twgrier1815
Guest
|
|
| Posted: Wed Jul 28, 2010 10:30 pm Post subject: |
|
|
What is your age? What are the surrender charges? There is no standard formula for determining the policy cash value. Have you asked your agent? Is it even a cash value policy?
My guess . . . a couple of hundred dollars to no more than $1000.
_________________
CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers. |
|
MaxHerr
Moderator
Joined: 29 Nov 2009
Posts: 4629
Location: Pomona CA
210.19 Dollars($)
|
|
| Posted: Thu Jul 29, 2010 1:02 am Post subject: |
|
|
| Call the insurance company or your agent and they can tell you what the cash surrender value on your policy is. |
|
BNTRS
Senior member
Joined: 05 Nov 2009
Posts: 828
13.02 Dollars($)
|
|
| Posted: Thu Aug 12, 2010 8:31 am Post subject: surrender value |
|
|
I want to know the surrender value of my policy no. 0016471934 of Bajaj allianz unit gain policy.
_________________
Register Now to have your Insurance queries solved. |
|
Rupam Bordoloi
Guest
|
|
