What Does Surrender Value Mean On A Life Insurance Policy? 
Great question ! The surrender value is what the insurance company gives you in cash , if you `` surrender '' the policy to them . That dollar figure can be reduced by what is called a surrender charge , if done in the early years of policy ownership . Once you have surrendered the policy , you no longer have coverage . Some companies will allow partial surrenders , but in most cases , it may be more advantageous to take out a loan against the policy -LRB- and keep the coverage -RRB- instead . If you would like help , please feel free to contact me , I 'm happy to be of assistance . Thanks for asking ! 