Agent, Rural Mutual Insurance Co., Union Grove, WI
A cash surrender value would be the amount that you would receive if the policy is surrendered ( in other words canceled ) by you. As with anything else there are typically restrictions and exclusions within the policy. Please read your policy completely or contact your local agent to get a better understanding of what coverage and exclusions are in effect with your policy.
Insurance Advisor, Lordship Insurance Services, California
Certain types of policy build cash value as you hold on to them over the years. At some point you may decide to cancel the policy. If you do decide to cancel you can get the accumulated cash value that has been built up in the policy. Typically this amount will grow over time.
If that is a feature that interests you, then discuss with an agent the types of policies that offer that benefit.
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If that is a feature that interests you, then discuss with an agent the types of policies that offer that benefit.