when determining your cash surrender value you must consider any fees your company will charge for canceling your policy check your cash value balance then subtract any surrender charges to determine how much money you will receive in a cash surrender 
for example suppose you take out a variable universal life insurance policy for 100 000 you make five years of payments and build up a cash value of 10 000 however the surrender change will cost you 10 of the cash value you will have to pay 1 000 in charges and you will only get 9 000 out of the cash surrender 