Cash Surrender Value vs. Face Value (Life Insurance)
http://insureme.us/cash-surrender-vs-face-life-insurance/
Typical benefits of life insurance policies.
The first and most common is the FACE VALUE of the insurance policy. This refers to the amount of money the beneficiaries get in the event the policyholder dies. Simply put, this is a death benefit.
The second is the CASH SURRENDER VALUE. Also known as “cash value”, “surrender value” or “policyholder’s equity”, this refers to the amount of money that will be given to the policyholder should he or she decide to cancel the policy for whatever reason before maturity. Since the cash amount is withdrawn before maturity, it is expected that the amount the policyholder will get (upon withdrawal) is sometimes less than the premium amount paid.
Walang komento:
Mag-post ng isang Komento