Call Us Today 1-940-683-4008

Surrender Charges

Single Interest Insurance
June 7, 2017
« Back to Glossary Index

Charges that are deducted if a life insurance policy or annuity is surrendered (cashed in). These charges also are deducted if the policyholder borrows money on the policy or if the policy lapses for non-payment.

« Back to Glossary Index