BNET Business Dictionary

Business Definition for: Cash Surrender Value

the amount of money that an insurance company will pay to terminate a policy at a particular time if the policy does not continue until its normal expiration date

Additional Resources

Ending Annuity Scams: In August, the IRS issued temporary proposed regulations to shut down schemes that were marketed to the public in which annuity values were reduced at the time of a conversion to a Roth IRA in order to avoid taxes. There were two common versions of this scheme. In the...; Tags: annuity, FINANCE, Internal Revenue Service, Investment, tax, Tom; Research articles 2006-01-01
MONY Boosts COLI/BOLI.(corporate-sponsored variable universal life product )(Brief Article): Cash Values: MONY Life Insurance Co., New York, has enhanced the cash surrender value of its corporate-sponsored variable universal life product to provide customers with better balance-sheet management. In the first policy year, the surrender value will increase by about 5%. In years two...; Tags: MONY Life Insurance Co.; Research articles 2001-11-01
Lancaster New Era, Pa., business briefs column.: Lancaster New Era, Pa. Knight Ridder/Tribune Business News Aug. 6--COUNTY'S FIRST LIFE-SETTLEMENT COMPANY OPENS ON OREGON PIKE: Milestone Settlements LLC, the first life-settlement company to be established here, has opened at 1703 Oregon Pike. Founded by Kristian Armstrong and Douglas...; Tags: Cadmus Communications Corp.; Research articles 2004-08-06
Here Come the "Safe" Stock Funds: As sure as rain begets mudslides, the bear market has spawned a menagerie of new "safe" equity investments. But only one is worth a cautious try. ...; Tags: Strategy, Fund, Annuity, Stock, Return, Stock Fund, MoneyWatch, Market-Neutral Funds, Absolute-Return Funds, EIA, Investment, Personal Finance, Insurance, Finance, Business Operations, Corporate Insurance, Equity-Indexed Annuities, Mutual Fund, Barbara Bedway, Morningstar, National Association of Personal Financial Advisors; Articles 2009-05-28
What to Ask AIG: David Merkel submits: The Committee on Oversight and Government Reform has asked Ed Liddy and the AIG trustees to testify Wednesday. Here are the questions that I would ask, given my recent piece on AIG. Are you going to be able to use all of your...; Tags: Financial, David Merkel, American International Group Inc.; External links 2009-05-12

Questions to the tax desk: Q. A taxpayer took a lump sum distribution from an annuity and suffered a loss in value. Can the loss be deducted? [ILLUSTRATION OMITTED] A. The loss is deductible. Revenue Ruling 61-201 states, "In determining the amount of loss sustained by the original purchaser upon his surrender of...; Tags: annuity, FINANCE, Internal Revenue Service, Investment, tax; Research articles 2003-10-01

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