• A cash surrender value is the amount of money a life insurance company pays out to a policy or annuity holder if they decide to terminate the plan.

  • Cash value is the amount of capital in a life insurance policy.
  • Not all life insurance policies offer cash value accounts.
  • A cash value savings element is created when the policyholder pays in excess of the monthly premium and it is deposited into an account that generates interest that can accumulate over time and can be accessed.
  • The older the policy, the more shares it contains.