Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Surrender Value
The amount of money an insurance policyholder would get from selling the policy back to the insurance company Only some kinds of life insurance policies, such as whole life policies, have a surrender value. Term life insurance has no surrender value. (See also: avails)
LA-NOLO2:DRU.1.6.2.20140917.28520