cash surrender value :

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cash surrender value

  • n  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
News & Articles

  • Coventry First Praises Kentucky Legislation To Benefit Long-Term Care Recipients
    FORT WASHINGTON, Pa., March 28, 2014 /PRNewswire/ -- The Kentucky legislature unanimously passed landmark legislation to help seniors pay for long term care. The legislation enables seniors to pay for their long term care by selling their life insurance policies for as much as 10 times more than the cash surrender value and applying those proceeds toward their long term care.  House Bill 414 ...
    March 28, 2014 - PR Newswire via Yahoo! Finance

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