Posted on July 20, 2013July 20, 2013
(1) See Mortgage Insurance. (2) A monthly reducing Term policy used for Mortgage Insurance.
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The amount of cash due to an insured who surrenders Cash Value Life Insurance. Such surrender, with consequent termination of all insurance benefits, is sometimes called “cashing out” or “cashing in” a policy. See also Non-forfeiture Values.
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