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

Additional Related Terms: Adjusted balance method, Annuity unit, Account balance, Average daily balance, Average daily balance method, Accreted value, Accrual of discount, Amortization of premium, Amortized value, All or any part