Paragraph match score 81.1%
Page A-416
Key Takeaways
Before surrendering, explore options like loans against the policy or reducing it to paid-up status.
Page A-537
Critical Factors to Weigh Before Surrendering Other Than Tax Bills
Alternatives to Surrender: Before surrendering, check if you can make the policy “ paid-up ” instead. This allows you to stop paying future premiums while retaining a proportionate amount of coverage until the policy matures. It’s a suitable option to balance financial strain and future protection.