surrender value in English
noun
1
the amount payable to a person who surrenders a life insurance policy.
Because of the poor return on surrendering endowment policies, there is now a market for selling endowment policies - usually at a better price than the surrender value under the policy.
Use "surrender value" in a sentence
Below are sample sentences containing the word "surrender value" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "surrender value", or refer to the context using the word "surrender value" in the English Dictionary.
1. The legal specification given by the new version of VVG in Germany concerning surrender value (i.e. positive value even in case of early lapse) is therefore consistent with the requirement of a amortization spread to 5 years.
2. As you determine what Annuity might be right for you, remember they are intended as vehicles for long-term retirement planning, which is why withdrawals reduce an Annuity’s remaining death benefit, contract value, cash surrender value and future earnings