How to read this: Actual rights depend on the insurance contract, application, underwriting, and claim facts. This page explains general concepts.
Policy reserves have regulatory definitions
They are not automatically the amount a policyholder can withdraw at any moment.
Surrender value is a termination benefit
It may be below total premiums paid, particularly in earlier policy years.
Account value can be a different concept
Investment-linked and other products use different value structures.
Compare values on the same date
Premiums paid, surrender value, benefits, and prior withdrawals should be aligned to one valuation date.
Try a calculator
Use your own household or policy numbers to compare scenarios. Results are not insurer quotations or claim promises.
Official / industry references
- FSC Insurance Bureau — policy reserve rules ↗
- FSC Insurance Bureau — policy changes and policyholder rights ↗
General insurance education only. This is not insurance solicitation, product recommendation, underwriting advice, claim determination, legal advice, or tax advice.