What Does Life Insurance CSV Mean? 
Life Insurance CSV stands for life insurance cash surrender value . If you were to cancel your life Whole or Universal Life insurance policy , it is the amount of money you would get in cash -LRB- if any -RRB- . If you had a return of premium -LRB- ROP -RRB- Term policy , you could also get some cash value back , if you kept the policy enough years . Regular Term Life does not have cash value . 