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 payment you will receive is the Cash Surrender Value and will represent termination of the contract.
Cash Surrender Value will be calculated based on the technical basis of the specific insurance product as approved by the Ministry of Finance.
This Rider has no Cash Surrender Value or other non-forfeiture benefits.
The statement of account will include: the beginning and end dates of the current report period, the Accumulation Value at the beginning and end of the current report period, the Cash Surrender Value, the death benefit, transaction information, and withdrawals.
The Total Guaranteed Value is the minimum value your contract will provide as the Cash Surrender Value or death benefit.
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 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 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.
Cash Surrender Value means, as of any date of determination and with respect to any Reinsured Contract in pre-payout status, the cash surrender value of such Reinsured Contract in the general account of the Ceding Company, as determined in accordance with the terms of such Reinsured Contracts, determined without regard to the transactions contemplated hereby, as of such date.
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.