News From Press Differences between guaranteed and special surrender values

Differences between guaranteed and special surrender values

Source: Mint Sep 26, 2017

If you own a traditional bundled insurance policy, you need to know that these plans come with heavy penalties if you decide to leave midway. Surrender charges in traditional bundled plans are steep.

But insurers may sweeten the deal on early exit by giving you a special surrender value, which is higher than a guaranteed surrender value. Is it high enough to not hurt?

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