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	<title>New answer on: What Does Surrender Value Mean On A Life Insurance Policy?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-does-surrender-value-mean-on-a-life-insurance-policy</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 05 May 2014 17:32:24 +0000</pubDate>

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		<description><![CDATA[Surrender value is a feature of a cash value life insurance policy.  These policies are normally called “whole life” although limited pay life policies have this feature.  In order to provide a level death benefit for a level premium, the company collects more than is required in the early years of the policy to pay for the years when the cost exceeds the premium.  These amounts are placed into “reserves.”  At any given time following the first few years of the policy the company is willing to exchange the reserves for a release from paying the death benefit.  These amounts can normally be taken in a variety of ways.  See your trusted life insurance agent for a personalized discussion. ]]></description>

		

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/life-insurance/what-does-surrender-value-mean-on-a-life-insurance-policy</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Mon, 05 May 2014 02:31:06 +0000</pubDate>

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		<description><![CDATA[Great question! The surrender value is what the insurance company gives you in cash, if you &quot;surrender&quot; the policy to them. That dollar figure can be reduced by what is called a surrender charge, if done in the early years of policy ownership. Once you have surrendered the policy, you no longer have coverage. Some companies will allow partial surrenders, but in most cases, it may be more advantageous to take out a loan against the policy (and keep the coverage)instead. If you would like help, please feel free to contact me, I&#039;m happy to be of assistance. Thanks for asking!]]></description>

		

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