Cash Surrender Value

Cash Surrender Value
The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies. Also known as "cash value", "surrender value" and "policyholder's equity".

Cash surrender value applies to the savings element of whole life insurance policies that are payable before death. However, during the early years of a whole life insurance policy, the savings portion brings very little return compared to the premiums paid.


Investment dictionary. . 2012.

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Look at other dictionaries:

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  • cash surrender value — The cash value of a life insur ance policy as ascertainable by established rules, where the policy has been abandoned and given up for cancellation to the insurer by the person having a contractual right to do so. 29 Am J Rev ed Ins § 620; the… …   Ballentine's law dictionary

  • Cash surrender value — The cash surrender value is the amount of cash a policyholder receives from the life insurance company if he or she actually terminates (surrenders) a life insurance policy before it becomes payable by death or maturity. This amount is net of any …   Wikipedia

  • cash surrender value — noun the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured • Hypernyms: ↑sum, ↑sum of money, ↑amount, ↑amount of money * * * cash surrender value, the amount… …   Useful english dictionary

  • Cash Surrender Value — (CSV)  The value of an insurance policy if canceled by the insured …   American business jargon

  • Cash-surrender value — An amount the insurance company will pay if the policyholder ends a whole life insurance policy. The New York Times Financial Glossary …   Financial and business terms

  • cash-surrender value — The amount an insurance company will pay if the policyholder tenders or cashes in a whole life insurance policy. Bloomberg Financial Dictionary …   Financial and business terms

  • surrender value — n: cash surrender value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surrender value …   Law dictionary

  • surrender value — The cash amount received if an insurance policy is cancelled before its maturity date. * * * surrender value surrender value ➔ value1 * * * surrender value UK US noun [U] ► the value of an insurance policy if you end it before its original end… …   Financial and business terms

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