What Does Life Insurance Cash Surrender Value Mean? 
Cash surrender value life insurance refers to the cash build up in a permanent life insurance plan and not available on term policies . Permanent policies are known by names of whole life , universal life , indexed universal life and variable life . The best way to locate your exact cash value in your policy is to find the illustrations page located about 10 to 12 pages in your policy . Look at the corresponding policy year you are in and the value is out beside . There is no partial value for partial years . Your cash value must be calculated by a full policy year . Most cash value plans have no value for the first 6 or 7 years due to all premiums paying up the death benefit or face amount . 