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.
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 • Dec. 9, 2025
Term life insurance is for a fixed period of time and does not have a cash surrender value.
From MarketWatch • Dec. 9, 2025
These policies usually do not have a surrender value, which means that if you want to “cash out” this policy, you may only get the value of the premiums you have paid.
From Encyclopedia.com • Sep. 19, 2018
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 • Mar. 21, 2018
When a policy is surrendered or canceled by the contract or by statute, the insured may be entitled to the surrender value of his policy.
From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney
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.
