Policy Surrender Value Impact Calculator
Thinking about breaking a policy early? See exactly what that costs -- in dollars, as a share of every premium you've paid, and against simply leaving the money where it is.
Your numbers
of every dollar you've paid in, versus holding to maturity.
This compares surrender value to guaranteed maturity value only -- it doesn't account for what else you could do with the freed-up cash. Not financial advice.
How to use this
Every whole life, endowment or par-fund policy has a surrender value that's typically well below what you've paid in during the early years -- that gap is the cost of exiting early, not a fee anyone charges you directly. Enter your total premiums paid, the surrender value your insurer quotes today, the guaranteed maturity value if you hold on, and the years remaining. This shows the loss in plain dollars and as an annualised "return" for staying the course, so you can weigh it against what else that surrender cash could do for you.
Ask your insurer whether a paid-up or reduced-cover option exists -- it can sometimes avoid this loss entirely while stopping further premiums.