What happens when you surrender your life insurance policy
What happens when you surrender your life insurance policy
Contrary to Popular Belief, You Do Not Lose All Your Premiums!
Life Insurance Plans with Returns Have a 'Surrender Value'
Surrender Value Ensures You Get Back Part of the Money Invested as Premiums
Three Important Things to Keep in Mind :
- Surrender Value is Only Available for Savings Plans
- Only Policies Older Than 3 Years Accrue Value
- Surrender Value Will be Less Than Total Premium Paid
Surrendering Your Policy is Always as Option! But Keep it As a Last Resort