Cash Values Clause Samples
The "Cash Values" clause defines the amount of money that a policyholder is entitled to receive if they surrender a life insurance policy before its maturity or the insured event occurs. Typically, this clause outlines how the cash value accumulates over time, often based on a portion of the premiums paid and the policy’s investment performance, and may specify any deductions or surrender charges. Its core practical function is to provide policyholders with a tangible financial benefit or liquidity option, addressing the need for flexibility and access to funds in the event they no longer wish to maintain the policy.
Cash Values. OPTIMUM RE will not participate in the payment of cash values.
Cash Values. Lincoln agrees to refund the Proportionate Share of a Policy’s cash value in the event a Policy is surrendered, reinsurance is reduced pursuant to the “Reductions in Insurance” article, or SAFECO elects to increase its Retention on in force Policies in accordance with the “Changes in Retention” article.
Cash Values. INVESTORS HERITAGE will not participate in the payment of cash values.
Cash Values. All cash values for farm purchases must be based on the property’s highest and best use as determined in accordance with federal and state statutory and constitutional requirements and eminent domain law.