ACCOUNT SURRENDER VALUE definition

ACCOUNT SURRENDER VALUE means the Accumulated Value of any Eligible Contract (or portion thereof) that has been terminated (whether in whole or in part or by surrender, withdrawal or death).
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ACCOUNT SURRENDER VALUE means the Accumulated Value of any ----------------------- Eligible Contract (or portion thereof) that has been terminated (whether in whole or in part or by surrender, withdrawal or death).
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Related to ACCOUNT SURRENDER VALUE

  • Cash Surrender Value means the net cash surrender value plus any amounts outstanding as policy loans.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Surrender Value means the amount payable, if any, on the Surrender of this Policy. Part D of this Policy will specify the manner of calculation of the Surrender Value, if any.

  • SPS AER Value means the Underlying Reference Value.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.