what is meant by a partial surrender of a universal life insurance policy?

if you take a partial surrender, does it mean you only get the cash in value? and does it terminate your policy?

Public Comments

1. Partial surrender means that you take a portion of your cash value out of the policy instead of surrendering it for the full value. What that will to though is lower the death benefit of the policy by the amount you withdrew. It could also mean that you may have to pay a higher premium into your policy at some point because when the original policy was written, it was based on a certain cash value being there earning interest.