What is Surrender Charge?
Surrender Charge Surrender Charge is a fee imposed by insurers on policyholders who terminate their insurance policy or withdraw funds before a specified period.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Surrender Charge” Used in Practice?
A surrender charge may significantly reduce the cash value received by a policyholder who cancels a life insurance policy in its early years.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Surrender Charge?
Surrender Charge is a fee imposed by insurers on policyholders who terminate their insurance policy or withdraw funds before a specified period.
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