cash surrender value中文什么意思
- Cash surrender value of life insurance
- 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
The cash surrender value is 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.