CONTRACT SURRENDER VALUE definition
CONTRACT SURRENDER VALUE. The Contract Value less any applicable Premium Tax, less any Contingent Deferred Sales Charge and less any applicable Contract Maintenance Charge.
CONTRACT SURRENDER VALUE. The Contract Value less any applicable Withdrawal Charge, Credit recapture, Contract Maintenance Charge or charge for any type of tax (or component thereof) measured by or based on the amount of Purchase Payment we receive.
CONTRACT SURRENDER VALUE. The Contract Value less any applicable Premium Tax Charge, Withdrawal Charge, and Market Value Adjustment.
Examples of CONTRACT SURRENDER VALUE in a sentence
CONTRACT SURRENDER VALUE - The Contract Value, at the end of the Valuation Period during which we receive your surrender request, less any premium tax.
More Definitions of CONTRACT SURRENDER VALUE
CONTRACT SURRENDER VALUE. The Contract Value, adjusted for any Market Value Adjustment, less any applicable Premium Tax Charge, [Withdrawal Charge, Credit Election Withdrawal Charge,] Contract Maintenance Charge, or charge for any optional benefit added by endorsement.