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The surrender value of a policy

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The surrender value of a policy

Surrender value can be simply termed as the amount that a policyholder will get once they exit from the policy before the maturity of the policy is over. When a policyholders surrenders their policy mid way through the entire term, they will get a value of the sum that had been allocated towards the savings and the earnings of the policy and so on. A surrender charge is deducted from this value and this charge can differ from policy to policy.

insurance The surrender value of a policy

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