What Does It Mean To Surrender A Life Insurance Policy? 
To surrender a life insurance policy means to voluntarily terminate the policy before maturity . In other words , it is cashed in before the death of the Insured , or before the policy Owner reaches the age when they can collect the full face amount . By surrendering the policy , the cash value may be received , minus any surrender charges , but the policy will be lost . Discuss all your options with an experienced life insurance agent before making the decision to surrender as there are other options that may be more favorable to you . 