Common use of Cash Surrender Clause in Contracts

Cash Surrender. This contract may be surrendered for its cash value before the annuity date. Requests for surrender must be in writing and signed by the owner. The cash value will not be paid until the contract is returned, unless such return is waived by the Company.

Cash Surrender. This contract may be surrendered for its cash value before the annuity date. Requests for surrender must be in writing and signed by the owner. The cash value will not be paid until the contract is returned, unless such return is waived by the Company.