Common use of Cash Surrender Clause in Contracts

Cash Surrender. Value Equals the contract value at the time of surrender less applicable surrender charges, loan balance and any premium taxes payable.

Appears in 1 contract

Sources: Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)

Cash Surrender. Value Equals the The contract value at the time of surrender less applicable surrender charges, loan balance and any premium taxes payablecontract indebtedness.

Appears in 1 contract

Sources: Flexible Premium Variable Survivorship Life Insurance Contract (Kansas City Life Variable Life Separate Account)