Can’t I just surrender my policy to the insurance company for a payout?

The Conning 2011 study found the average cash surrender value is only 10 percent of a policy’s face value. Another study, conducted by the U.S. Government and Accountability Office in 2010, revealed that consumers who sold their policies in a life settlement received an average of 700 percent more than if that same consumer had sold the policy back to the insurer for the policy’s cash surrender value.