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 we receive your Notice to Us before the close of business on any Business Day, the Cash Surrender Value will be determined at the close of business on such Business Day; otherwise, the Cash Surrender Value will be determined as of the close of the next Business Day.

• We may require that this Contract be returned to us before we pay you the Cash Surrender Value.

• Upon payment of the Cash Surrender Value, this Contract shall cease to have any further value.

• The report will show the current Accumulation Value and the Cash Surrender Value of this Contract, as well as any amounts deducted from, or added to, the Accumulation Value since the last report.

• We may, at any time, defer payment of the full Cash Surrender Value or any partial Surrender for up to six months after we receive a request for it, contingent upon written approval by the insurance supervisory official in the jurisdiction in which this Contract is issued.

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.