Cash Surrender Value definition

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

Cash Surrender Value means the amount available in cash upon vol- untary termination of a contract by its owner before it becomes payable by death or maturity, after any charges assessed in connection with the termi- nation have been deducted and before deduction of any outstanding contract loan.

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

Examples of Cash Surrender Value in a sentence

• The Contract’s Cash Surrender Value on any date will be the Contract Fund less any applicable surrender charges (described in the prospectus) and less any Contract Debt.

• The Cash Surrender Value will be determined as of the end of the valuation period in which a surrender request is received in Good Order at a Service Office.

• The payment of any Cash Surrender Value attributable to the Fixed Rate Option may be delayed up to six months.

• The Contract Owner may surrender the Contract at any time for its Cash Surrender Value (referred to as net cash value in the Contract) while the insured is living.

• Generally, Pruco Life will pay the Contract’s Cash Surrender Value within seven days after all the documents required for such payment are received in Good Order at a Service Office.

More Definitions of Cash Surrender Value

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

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

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

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.