Expert Q&A
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Email to a FriendI'm a bit confused by the surrender charge. If you say there is a 10% charge, how is that computed? Is that 10% of face value, cash value, premiums paid, etc.? Some clarification would help. Thank you.
By Steve Herrera, CLU - Principal Strategies Insurance Services
Answered 8 months ago
In your example, the 10% surrender charge is deducted from the policies cash value.
