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Partial surrender

The removal of a portion of the original cash Balance of an Insurance policy or Annuity. The distribution may result in a fee and a reduction in the value of the Policy or Annuity.

Related Terms: 7 Annuity, Balance, Cash, Insurance, Insurance policy, Policy, UIT
Other Related Pages: Category: Insurance Starting With: P
Semi Related Terms: 495 CLICK HERE TO VIEW
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