The cash surrender value of a life insurance policy represents the payment to the insured's beneficiaries at the time of death.

Name: The cash surrender value of a life insurance policy represents the payment to the insured's beneficiaries at the time of death.
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The cash surrender value of a life insurance policy is the amount of money the policyholder will receive if they cancel the policy before it matures. It is not the payment to the beneficiaries at the time of death.

The Cash Surrender Value of a Life Insurance Policy Represents