Life insurance cost surrender index

Life insurance cost surrender index,

Definition of Life insurance cost surrender index:

  1. An index that establishes the guaranteed cash surrender value of a life insurance policy, which is shown to potential insureds. The index gives the value of the policy if surrendered at the 10- or 20-year mark, with interest on any applicable dividends calculated at 5 percent.

Meaning of Life insurance cost surrender index & Life insurance cost surrender index Definition