Cash Surrender Value definition

Cash Surrender Value means an amount that equals, at any specified time, the cash surrender value as determined under the terms of the Policy.

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

Cash Surrender Value means the equity that the policy acquires over time.

Examples of Cash Surrender Value in a sentence

• Benefit is owed or you have surrendered your contract for the Cash Surrender Value, annuity payments will commence on the Annuity Date.

• The Withdrawal amount, adjusted for any applicable Withdrawal Charges and Interest Adjustment, cannot be greater than the Cash Surrender Value.

• Conformity with Applicable Laws & Interstate Insurance Product Regulation Commission Standards The benefits and Cash Surrender Value available under your contract will not be less than the minimum benefits required by Section 7b of the NAIC Model Variable Annuity Regulation (model #250) for amounts allocated to the Fixed Segment Option and Section 7 of the NAIC Model Variable Annuity Regulation, model #250, for amounts allocated to an Index-Linked Segment Option.

• On or before the Annuity Date and before the date the Death Benefit becomes payable under this contract, you may surrender your contract for the Cash Surrender Value by making a written request to our Administrative Office.

More Definitions of Cash Surrender Value

Cash Surrender Value. The Cash Surrender Value of your Policy on any date is the Cash Value minus any Indebtedness minus any Surrender Charge.

Cash Surrender Value means the cash value of the Policy; plus the cash value of any paid up additions; plus any dividend accumulations and unpaid dividends; and less any Policy loans outstanding to Assignee (including any accrued interest on such loans). The "Premium Interest" shall be equal to the cumulative amount of unreimbursed premiums paid on the Policy by the Assignee, less any Policy loans outstanding to Assignee (including any accrued interest on such loans).

Cash Surrender Value means the cash surrender value of the Annuity Contract(s) and Rider as defined by the insurance company which issued the contracts.

Cash Surrender Value means the cash surrender value without reduction for an outstanding policy loan or surrender charge.

Cash Surrender Value means the cash value of a life insurance policy calculated according to the provisions of the policy, plus any dividends and/or earnings added thereto, less any outstanding loans (plus interest) on the policy on the date giving rise to the need for the calculation.

Cash Surrender Value. The Cash Value decreased by the balance of any outstanding Policy Debt.

Cash Surrender Value means, with respect to any Life Insurance Policy, the amount of cash that the applicable Life Insurance Company will pay the holder of such Life Insurance Policy upon cancellation or termination as certified by such Life Insurance Company, as evidenced in writing from time to time by a Life Insurance Company acceptable to the Administrative Agent in form and substance satisfactory to the Administrative Agent.