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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Cashing In


The termination (surrender) of a permanent life insurance policy, or deferred annuity, that has a cash value in exchange for a payment equal to the policy's cash surrender value. Visit our site to learn more about deferred annuities.

Previous Term: Cash Value Next Term: Cashing In or Cashing Out


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