Surrender Value definition

Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

Surrender Value means the amount payable, if any, on the Surrender of this Policy. Part D of this Policy will specify the manner of calculation of the Surrender Value, if any.

Surrender Value means an amount payable on surrender of this Policy, which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value;

Examples of Surrender Value in a sentence

• If an outstanding loan reduces the net Surrender Value at the time of the payment to an amount less than the payment amount, Customized Payments will cease.

• The Policy will terminate after payment of the Surrender Value and thereafter no other benefits under this Policy shall be payable.

• If a Fixed Dollar or FWA Option payment would cause the Surrender Value of your annuity contract to fall below the contract minimum, the Company reserves the right to surrender the annuity contract in full at that time.

• The payment you will receive is the Cash Surrender Value and will represent termination of the contract.

• This Policy shall acquire a Surrender Value provided all the due Instalment Premiums for the first two Policy Years have been received by Us. The Policyholder can Surrender the Policy any time before the end of Policy Term.

More Definitions of Surrender Value

Surrender Value means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of this policy.

Surrender Value means an amount, as specified under the Plan, that is payable upon complete withdrawal/termination of the entire Policy by the Policyholder

Surrender Value is the amount you receive upon surrender of this Contract before the Income Date. It is your Account Value, plus or minus any applicable Market Value Adjustment, and less any applicable surrender charges or other charges shown in the Schedule.

Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the policyholder. It is usually expressed as the Fund Value less the surrender penalty.

Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the Policyholder. Any indebtedness will be deducted from the Surrender Value of the Policy before its payment.

Surrender Value. The amount payable by Aetna upon the surrender of any portion of an Account.

Surrender Value means the amount for which the Contract Holder may surrender the Contract as calculated in accordance with Clause 16.