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.

Related to CONTRACT 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.

  • On-premise beer retailer means a beer retailer who is:

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