cash-value option

cash-value option

The right of a life-insurance policyholder to surrender the policy for its cash value at a specified time or at any time. [Cases: Insurance 1950, 2037. C.J.S. Insurance ¡ì¡ì 518¨C519, 742¨C745, 749¨C754.]
How do Chinese lawyers translate the term cash-value option?
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