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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  • 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

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

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  • 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

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