Life Insurance Cash Surrender Value: Everything You Need to Know
Simply put, the cash surrender value is the net amount of money you will receive if you cancel your life insurance policy.
1To learn more about the rules for taking loans from a universal life policy, see How can I Access Cash From My Account Value through Loans. To learn more about the consequences for taking loans from a universal life policy, see What do I need to consider when taking a loan.
2To learn more about the rules for taking withdrawals from a universal life policy, see How Can I Access Cash from My Account Value through Withdrawals. To learn more about the consequences for taking withdrawals from a universal life policy, see What do I need to consider when taking a withdrawal.
3If your policy becomes a MEC, it will impact whether you can take cash from a universal life policy tax-free. For more information see, Is there a limit on how much money (payments) I can put into the policy.