Cash Surrender Value
CASH SURRENDER VALUE
The amount of money that an insurance company pays the insured upon cancellation of a life insurance policy before death and which is a specific figure assigned to the policy at that particular time, reduced by a charge for administrative expenses.
The cash surrender value of an insurance policy is not based upon its actual value, but upon its reserve value—the face amount of the contract discounted at a specific rate of interest according to the insured's life expectancy. Not all life insurance policies have cash surrender values; the terms of the policy must so provide.
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Life Insurance , A life insurance policy is a legal agreement between an insurance agency and the policyholder, according to which the insurance agency agrees to pay… Deductible , deductible •babble, bedabble, dabble, drabble, gabble, grabble, rabble, scrabble •amble, bramble, Campbell, gamble, gambol, ramble, scramble, shamble… Metropolitan Life Insurance Company , Public Company
Incorporateci: 1866 as National Travelers’ Insurance
Company
Employees: 46,000
Total Assets: $256.89 billion (2001)
Stock Exchanges: N… Aegon N.v , Mariahoeveplein 50
2501 TV The Hague
The Netherlands
Telephone: (31) 70-344-3210
Fax: (31) 70-344-8445
Web site: http://www.aegon.com
Public Company… Cigna Corp , One Liberty Place
Philadelphia, Pennsylvania 19192-1550
U.S.A.
Telephone: (215) 761-1000
Fax: (215) 761-5515
Web site: http://www.cigna.com
Public Co… The Chubb Corp , 15 Mountain View Road, P.O. Box 1615
Warren, New Jersey 07061
U.S.A.
Telephone: (908) 903-2000
Fax: (908) 580-3402
Web site: http://www.chubb.com
Pub…
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Cash Surrender Value