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.
The third way to access the surrender value is to actually surrender the contract in full. This means that the life insurance coverage will no longer exists, no more premiums will be due, and the amount of the cash surrender value will be sent to the owner of the contract. This allows the owner to obtain the full surrender value, but the downside is the loss of coverage.