What is Surrender Value?
Surrender Value The amount payable to the policyholder by the insurer if the insurance policy is voluntarily terminated before its maturity or claim event.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Surrender Value” Used in Practice?
The surrender value is calculated based on the policy’s accumulated cash value and outstanding loans at the time of surrender.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Surrender Value?
The amount payable to the policyholder by the insurer if the insurance policy is voluntarily terminated before its maturity or claim event.
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