Life Insurance Policy question!?

Question

Is the "Cash Surrender Value" of a life insurance policy the same as its "Total Current Death Benefit"?

If not, how would I go about finding the cash surrender value if all I have in the records that the company sends me is the death benefit?

Thank you!

Answer 1

Nope, they're completely different.   You need to call the company to find out the cash surrender value.

Keep in mind, the policy might not HAVE any cash surrender value.

Answer 2

No.  "Cash Surrender Value" applies to whole life policies that build up a "cash value" with age.  The benefit (in case of death) is different.  The policy itself will have a cash value table.  

Verify what kind of policy you're talking about:  whole life or term?