Surrender

  • 2013 – AP – An Empirical Analysis of Life Insurance Policy Surrender Activity, by David T. Russell, Stephen G. Fier, James M. Carson, and Randy E. Dumm – 23p
  • 1877 0723 – New York Senate – Testimony Taken Before the Senate Committee on Charges Against De Witt O. Ellis, Superintendent of the Banking Department – [PDF-1557p-GooglePlay]
    • (p1177) – By Mr MCGUIRE:
      • A. I have parted with two or three life insurance policies.
      • Q. Sell them for the amount of the loan, or at a discount ?
      • A. at the price the insurance company would pay for them.
    • By Mr. TRACY :
        • Q. That is what is called ” surrendered value ?”
    • A. Yes, sir.
    • (p1189) – New York Senator Augustus Schoonmaker Jr. (14th) – Mr. President, just one single suggestion.
      • Here was an institution (this bank) fearfully insolvent.
      • It now appears – at any rate, the testimony is offered to show that another corporation (an insurance company, also insolvent), became complicated.
      • Now, one question before the Senate is, what influences were at work about these institutions?
        • What prevented an investigation?
      • Those are fair subjects for our consideration.