Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

cash-value option

Read a random definition: subagent

A quick definition of cash-value option:

A cash-value option is a choice given to someone who has a life-insurance policy. This choice allows the policyholder to surrender the policy and receive its cash value at a specific time or any time. It means they can get money back instead of keeping the policy.

A more thorough explanation:

Definition: A cash-value option is a contractual right given to a life-insurance policyholder to surrender the policy for its cash value at a specified time or at any time.

Example: Let's say John has a life-insurance policy with a cash value of $50,000. He can exercise the cash-value option and surrender the policy to the insurance company to receive the $50,000 in cash.

Explanation: The cash-value option is a feature of some life-insurance policies that allows the policyholder to receive the cash value of the policy instead of the death benefit. This option can be exercised at a specified time or at any time during the policy's term. The example illustrates how a policyholder can surrender the policy and receive the cash value as a lump sum payment.

cash value | casing

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
KnowledgeableRitzyWasp
19:42
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
llama
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!
llama
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
JapaneseMacaque
20:55
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
JapaneseMacaque
20:57
TY
jackfrost11770
20:59
got a random stanford email and almost had a heart attack
jackfrost11770
20:59
ALSO CONGRATS!
texaslawhopefully
21:03
Congrats1!
Ratratta
21:15
Miami A, yall I'm so excited I could cry.
Ratratta
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
JazzyGazelle
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
JazzyGazelle
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
JazzyGazelle
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??
180SupremeWarrior
23:53
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
JazzyGazelle
0:59
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.