If you surrender your insurance policy early or stop paying premiums, what can you choose to receive?

When surrendering an insurance policy early or stopping premium payments, the policyholder typically has the option to receive the cash value accumulated in the policy. This is often represented as the remaining cash values, which reflects the amount that has built up over time due to the premiums paid and interest or investment performance associated with certain types of policies.

Receiving a check for the remaining cash value allows the insured to benefit financially from their investment in the policy, even if they choose to discontinue it. This choice is especially relevant in the case of permanent life insurance policies, which can accrue cash value that can be accessed by the policyholder.

The other options provided are not typically available in this context. For example, a refund of all previously paid premiums may be misleading, as insurers usually do not return all premiums unless specific provisions are met. Transferring ownership to another party might not be feasible if the policy is being surrendered. Continuing to hold the policy without any change is not an option if the policyholder has decided to surrender it or stop premium payments, as that would imply it remains in force. Thus, the choice to get a check for the remaining cash values is the most accurate option reflecting what can be done when a policy is surrendered early.