The Cash Surrender Value (CSV) is the amount an insurance policyholder receives if they cancel their policy before it matures or before the insured event occurs. This entry explores the definition, calculation, and implications of CSV.
Detailed explanation of the cash surrender value in life insurance, including factors affecting the amount, taxation, and related terms.
An in-depth exploration of nonforfeiture provisions in life insurance policies, detailing the various options available to policyholders to protect their benefits.
A policy loan is a loan from an insurance company secured by the cash surrender value of a life insurance policy. Learn more about its types, benefits, and limitations.
