What Is Arm Wrestling. Arm wrestling is a relatively simple sport; 2 participants place one of their arms on a surface with their elbows bent and touching the surface. While gripping the other persons hand, they attempt to force or pin their opponents arm onto the surface. The first person to score a pin wins.
What is the 'Cash Surrender Value' The cash surrender value is the sum of money an insurance company pays to the policyholder or annuity holder in the event his policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies.
1 The earlier you surrender the policy, the higher will be the surrender charge that you'll have to pay. 2  Cash value gets reduced if you'd taken out a loan-The cash value will be less if you had taken out a loan against the policy, since the loan amount and the accrued interest will be deducted accordingly. Surrendering the policy as a whole gets rid of any coverage that you had with it. 2  With a partial surrender, a portion of the life insurance policy is retained. 3  However, the death benefits and cash value gets reduced.