To give up a Whole Life policy. The insurer pays the insured the cash value which the policy has built up if it is surrendered.
To give up a Whole Life policy. The insurer pays the insured the cash value which the policy has built up if it is surrendered.
Damages awarded by a Court, in an action for liability, to set an example; rather in the form of a punishment against the defendant than to make good a loss suffered by the plaintiff.