surrender value
Americannoun
Etymology
Origin of surrender value
First recorded in 1875–80
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Term life insurance is for a fixed period of time and does not have a cash surrender value.
From MarketWatch
Whole-life insurance, on the other hand, does have a cash surrender value as well as lifetime coverage; for that reason, it’s more expensive.
From MarketWatch
Cash surrender value is only offered when you enroll in a permanent life insurance policy.
From Encyclopedia.com
While having the ability to access the cash surrender value before maturity is an advantage, you can also expect to pay a higher premium if you choose a universal life or whole life policy.
From Encyclopedia.com
Initially, the cash surrender value of your policy will be low.
From Encyclopedia.com
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
