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url: /glossary/partial-or-total-surrender-redemption.md
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## Partial or Total Surrender/Redemption

A surrender refers to the withdrawal of funds from a life insurance policy, either in part or in full.

In the case of a partial surrender, a portion of the accumulated savings is paid to the policyholder (even if the payer differs), while the policy remains active.

A total surrender, on the other hand, fully terminates the policy — the total value is paid out to the policyholder, and the contract is subsequently closed.