Common use of Cash Surrender Value Clause in Contracts

Cash Surrender Value. The Cash Surrender Value on any date is equal to the Accumulated Value less the sum of: 1) Any Debt; 2) The amount, if any, needed to cover unpaid Monthly Deductions; and 3) The Decrease Charges, if any, applied on that date to the Face Amount and to any prior decreases in Face Amount (for which Decrease Charges were not previously made) due to Partial Surrender or change of Death Benefit Option.

Cash Surrender Value. The Cash Surrender Value on any date is equal to the Accumulated Value less the sum of: : 1) Any Debt; and 2) The amount, if any, needed to cover unpaid Monthly Deductions; and 3) The Decrease Charges, if any, applied on that date to the Face Amount and to any prior decreases in Face Amount (for which Decrease Charges were not previously made) due to Partial Surrender or change of Death Benefit Option.

Cash Surrender Value. The Cash Surrender Value on any date is equal to the Accumulated Value less the sum of: : 1) Any Debt; 2) The amount, if any, needed to cover unpaid Monthly Deductions; and 3) The Decrease Charges, if any, applied on that date to the Face Amount and to any prior decreases in Face Amount (for which Decrease Charges were not previously made) due to Partial Surrender or change of Death Benefit Option.;

Cash Surrender Value. The Cash Surrender Value on any date is equal to the Accumulated Value less the sum of: to: 1) Any DebtThe Accumulated Value; Less 2) The amount, if any, needed to cover unpaid Monthly DeductionsAny Surrender Charge (see Section 6.4); and 3) The Decrease Charges, if any, applied on that date to the Face Amount and to any prior decreases in Face Amount (for which Decrease Charges were not previously made) due to Partial Surrender or change of Death Benefit Optionand.