MLchartDataset catalogue

Surrender value

Term · Law · MLC-T-LAW-004800

The amount of money an insurance policyholder receives if they voluntarily terminate a life insurance policy before its maturity or the insured event occurs. This value is typically less than the total premiums paid, especially in the early years of the policy. It represents the cash accumulation within the policy.

Table 1. Record
IdentifierMLC-T-LAW-004800
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004800",
  "term": "Surrender value",
  "field": "Law",
  "definition": "The amount of money an insurance policyholder receives if they voluntarily terminate a life insurance policy before its maturity or the insured event occurs. This value is typically less than the total premiums paid, especially in the early years of the policy. It represents the cash accumulation within the policy.",
  "url": "https://mlchart.com/terminology/law/surrender-value/"
}

Record 4,896 of 5,439 in Law terminology (MLC-0107). Request the full dataset.