Surrender is when a client stops an investment linked policy for a cash value. Termination is the cancelling of an insurance policy without a cash value. Surrender is usually linked to investment related insurance policies whereas termination is related to pure risk policies.
What is the difference between surrender and termination? Print
Created by: Dela Kumahor
Modified on: Fri, 16 Aug, 2019 at 3:46 PM
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