In life insurance, cash surrender value means the amount, before adjustments for factors such as policy loans, that may be paid for the policy if is surrendered.
Further Reading
For more detailed information, see our related Wills Trusts And Estates terms:
Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.
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