Life Topics – Account Value/Surrender Value

Life Topics
The purpose of life insurance is to guarantee, at the time of the insured’s death, the specific amount of funds to be paid to each beneficiary.
Account Value / Surrender value
The Account Value of a life insurance policy is the total amount of premiums received, plus return on investment, less policy costs and expenses. The Account Value varies based on investment results, timely contributions and other variables.
The Surrender Value is the Account Value minus the surrender charges, loans and liabilities, and it is calculated based on the year of the policy.