The worth of a life insurance policy be maturity date is known as?

The worth of a life insurance policy at maturity date is known as the surrender value. This is the amount that the policyholder is entitled to receive from the insurance company if the policy is surrendered before its maturity date. The surrender value is usually calculated as a percentage of the total premiums paid by the policyholder, minus any fees or charges that may be applicable. The surrender value can be used by the policyholder as a source of cash, or it can be used to purchase another life insurance policy.