View 10 Cash Surrender Value Of Group Universal Life Insurance
Pictures. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. Borrowing from a life insurance policy.
Different from other permanent life policies, universal life insurance does not.
All permanent life insurance policies accrue a certain amount of equity called cash value. You'll need a trusted life insurance. Surrender value (also called cash surrender value) is an amount of money that you, as a life insurance policy holder, receive if you decide to terminate (surrender) your life insurance policy (e.g. Life insurance policy cash values are accessed through withdrawals and policy loans.