net surrender value definition

net surrender value. The amount you would receive upon surrender of this policy, equal to the surrender value less any policy debt. The net surrender value must be positive in value for the policy to remain in force, unless the safety net premium factor is in effect.
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Related to net surrender value

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

  • 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.

  • SAR Value means the excess of the Fair Market Value (on the exercise date) over the exercise price that the participant would have otherwise had to pay to exercise the related Stock Option, multiplied by the number of shares for which the Stock Appreciation Right is exercised.

  • FR Value means, in respect of a ST FR Valuation Date, Worst Value.