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LSDefine

Simple English definitions for legal terms

cash surrender value

Read a random definition: backwardation

A quick definition of cash surrender value:

Cash surrender value: When you have an insurance policy and you decide to give it up, the insurance company will give you some money back. This money is called the cash surrender value. It's like getting a refund for the extra money you paid into the policy. But sometimes, the insurance company will take a little bit of the money back as a fee for giving up the policy.

A more thorough explanation:

Definition: Cash surrender value is the amount of money that an insurance policyholder receives when they surrender their policy back to the insurer. This value is calculated by subtracting the cost of insuring the policyholder from the excess level of premiums that have been paid by the policyholder. There may also be a surrender charge deducted from the cash surrender value.

Let's say that John has been paying premiums on his life insurance policy for 10 years. He decides that he no longer needs the policy and wants to surrender it to the insurer. The cash surrender value of his policy is $10,000. This means that John will receive $10,000 from the insurer in exchange for surrendering his policy.

This example illustrates how the cash surrender value is the amount of money that a policyholder receives when they surrender their policy. In this case, John is giving up his life insurance policy and receiving $10,000 in return.

cash method of accounting | cashier's check

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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