Common use of Payment Upon Termination Clause in Contracts

Payment Upon Termination. Unless otherwise specified in the Accumulation Fund Schedule, GLAIC shall pay the Policyholder the Fund Balance on the Maturity Date. Such payment fully discharges GLAIC’s obligation to the Policyholder under this Policy.

Appears in 63 contracts

Sources: Funding Agreement (Genworth Life & Annuity Insurance Co), Funding Agreement (Genworth Life & Annuity Insurance Co), Funding Agreement (Genworth Life & Annuity Insurance Co)

Payment Upon Termination. Unless otherwise specified in the Accumulation Fund Schedule, GLAIC shall pay the Policyholder the Fund Balance on the Maturity Date. Such payment Payment fully discharges GLAIC’s obligation to the Policyholder under this Policy.

Appears in 2 contracts

Sources: Funding Agreement (Genworth Life & Annuity Insurance Co), Funding Agreement (Genworth Life & Annuity Insurance Co)