The cash surrender value of a term life insurance policy refers to the amount of money that the policyholder is entitled to receive if they decide to terminate the policy before its maturity or before the insured event occurs. This value is determined by the insurance company and is typically lower in the early years of the policy. It may also be subject to surrender charges and fees. The cash surrender value can be affected by various factors such as the length of time the policy has been in force, the amount of premiums paid, and the specific terms and conditions of the policy. It's important for policyholders to carefully review their policy documents to understand how the cash surrender value is calculated and any potential implications of surrendering the policy. Additionally, consulting with a licensed insurance professional can provide personalized insights into the cash surrender value of a specific term life insurance policy.