Question

If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?

Q: Answer-If you might want to discontinue the policy, and take whatever money is due to you. The amount the i...

The cash surrender value is the sum of money an insurance company pays to a policyholder or an annuity contract owner in the event that his or her policy is voluntarily terminated before its maturity or an insured event occurs.

A Surrender Value

B Paid-up value

C Sum Assured

D Maturity Value

E None of these

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If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?

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