Surrender Value definition
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.
Surrender Value means an amount, as specified under the Plan, that is payable upon complete withdrawal/termination of the entire Policy by the Policyholder
Surrender Value means an amount payable on surrender of this Policy, which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value;
Examples of Surrender Value in a sentence
If on any Monthly Anniversary Day the Surrender Value is insufficient to pay the Monthly Deduction for the upcoming Policy Month and the Minimum Monthly Premium Lapse Protection Endorsement and provisions therein are not in effect, the Policy will begin a 61 day Grace Period.
More Definitions of Surrender Value
Surrender Value means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of the policy
Surrender Value is the amount you receive upon surrender of this Contract before the Income Date. It is your Account Value, plus or minus any applicable Market Value Adjustment, and less any applicable surrender charges or other charges shown in the Schedule.
Surrender Value. The amount payable by Aetna upon the surrender of any portion of an Account.
Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the Policyholder. Any indebtedness will be deducted from the Surrender Value of the Policy before its payment.
Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the policyholder. It is usually expressed as the Fund Value less the surrender penalty.
Surrender Value means an amount payable on surrender of this Policy, in accordance with Clause 1 of Part D;
Surrender Value means the value payable on the surrender of the Policy which is calculated by Us in accordance with the terms of the Policy;