What is meant by a partial surrender of a universal life insurance policy?

March 21, 2011
By theinsurancepedia

*1. Under a universal life insurance policy, a policy holder can surrender partially after a specified number of years, it can be five years from the commencement of the policy.
*2. Partial surrender is a part of policy condition and it is free of cost also. According to the policy condition a policy holder can go for some specified number of partial surrender in a year.
*3. Under partial surrender a policy holder can take a percentage of fund value partially after a specified years this will gives him/her money for emergency.
*4. Under a universal life insurance policy the premium will go for the chosen fund and this fund will participating in the market and will give better result to the policy holder. so that partial surrender in a universal life insurance policy will help the policy holders to take some benefits of the policy even the policy is not matured.

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