surrender value


nounInsurance.

Origin of surrender value

1
First recorded in 1875–80

Words Nearby surrender value

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use surrender value in a sentence

  • Renewable term-insurance premiums are lower than straight life insurance because in the former there is no cash surrender value.

  • Even if you wanted to surrender it, the cash surrender value is less than ten thousand at the present time.

    The Best Policy | Elliott Flower
  • That the surrender value of a lapsed policy was payable at any time after default, on application being made for the same.