Total Guaranteed Value definition

Total Guaranteed Value means the minimum value your contract will provide as the Cash Surrender Value or death benefit. For further details see Section 9.
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Examples of Total Guaranteed Value in a sentence

  • The Total Guaranteed Value Interest Rate and the Total Guaranteed Value Premium Factor are shown on the Schedule Pages.

  • The Total Guaranteed Value accumulates at the Total Guaranteed Value Interest Rate, which is guaranteed for the life of the contract.

  • The death benefit is equal to the greater of the Accumulation Value or the Total Guaranteed Value as of the date of death.

  • The Total Guaranteed Value is the minimum value your contract will provide as the Cash Surrender Value or death benefit.

  • The Cash Surrender Value you receive upon surrender will never be less than the Total Guaranteed Value.

  • The initial Total Guaranteed Value is equal to the Initial Premium multiplied by the Total Guaranteed Value Premium Factor.

  • The Total Guaranteed Value is the minimum value your contract will provide as the Cash Surrender Value, death benefit or amount applied to an Annuity Payment Option on the Contract Maturity Date.

  • The death benefit is equal to the greater of the Contract Value or the Total Guaranteed Value as of the date of death.

  • On the Contract Issue Date, the Total Guaranteed Value equals the premium, multiplied by the Total Guaranteed Value Premium Factor.

  • The Total Guaranteed Value is the minimum value your contract will provide as the Cash Surrender Value, death benefit, or Contract Value to be applied to an Annuity Payment Option.