Cash Surrender Value Formula

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Cash Surrender Value is the money the policy holder will receive if he withdraws before the completion of the policy or his death. Check FAQs
CSV=mod(EAV,SC)
CSV - Cash Surrender Value?EAV - Enhanced Accumulated Value?SC - Surrender Charges?

Cash Surrender Value Example

With values
With units
Only example

Here is how the Cash Surrender Value equation looks like with Values.

Here is how the Cash Surrender Value equation looks like with Units.

Here is how the Cash Surrender Value equation looks like.

130000Edit=mod(630000Edit,500000Edit)
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Cash Surrender Value Solution

Follow our step by step solution on how to calculate Cash Surrender Value?

FIRST Step Consider the formula
CSV=mod(EAV,SC)
Next Step Substitute values of Variables
CSV=mod(630000,500000)
Next Step Prepare to Evaluate
CSV=mod(630000,500000)
LAST Step Evaluate
CSV=130000

Cash Surrender Value Formula Elements

Variables
Functions
Cash Surrender Value
Cash Surrender Value is the money the policy holder will receive if he withdraws before the completion of the policy or his death.
Symbol: CSV
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Enhanced Accumulated Value
Enhanced Accumulated Value refers to the total amount of cash value accumulated within an insurance policy, which may include additional bonuses, interest, or dividends earned on the policy.
Symbol: EAV
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Surrender Charges
Surrender Charges are fees imposed by an insurance company when a policyholder decides to terminate or surrender their life insurance policy before its maturity date.
Symbol: SC
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
mod
The modulo function, also known as "mod", represents the remainder when two positive numbers are divided.
Syntax: mod(dividend, divisor)

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How to Evaluate Cash Surrender Value?

Cash Surrender Value evaluator uses Cash Surrender Value = mod(Enhanced Accumulated Value,Surrender Charges) to evaluate the Cash Surrender Value, The Cash Surrender Value is the money that the life insurance policyholder will receive if they withdraw before the completion of the policy or his death. Cash Surrender Value is denoted by CSV symbol.

How to evaluate Cash Surrender Value using this online evaluator? To use this online evaluator for Cash Surrender Value, enter Enhanced Accumulated Value (EAV) & Surrender Charges (SC) and hit the calculate button.

FAQs on Cash Surrender Value

What is the formula to find Cash Surrender Value?
The formula of Cash Surrender Value is expressed as Cash Surrender Value = mod(Enhanced Accumulated Value,Surrender Charges). Here is an example- 130000 = mod(630000,500000).
How to calculate Cash Surrender Value?
With Enhanced Accumulated Value (EAV) & Surrender Charges (SC) we can find Cash Surrender Value using the formula - Cash Surrender Value = mod(Enhanced Accumulated Value,Surrender Charges). This formula also uses Modulo (mod) function(s).
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