Question about surrendering life insurence?

Question

total death benifits are 81,176

cash value is 8,734

does that mean if i surrender my policy that i will only get 8,734 in cash out of it?

Answer 1

If that's the cash surrender value, then yes, that is what you get - less surrender fees.

Answer 2

It could be less. Ask for the surrender value, as in the early years it could be much less than the cash value.