Common use of Basis of Computations Clause in Contracts

Basis of Computations. The Cash Surrender Value under the Policy is not less than the minimums required as of the Policy date by the state in which your Policy was delivered. A detailed statement of the method of computation of Policy values under the Policy has been filed with the insurance department of the state in which the Policy was delivered, if required. FULL SURRENDERS You may surrender your Policy after the Right to Examine Policy Period or at any time during the lifetime of the Insured and receive the net Cash Surrender Value. We will compute the net Cash Surrender Value as of the next Valuation Date after we receive both your request and the Policy at our Customer Service Center. This Policy will be canceled as of the date we receive your request, and there will be no further benefits under this Policy.

Basis of Computations. The Cash Surrender Value under the Policy policy is not less than the minimums required as of the Policy policy date by the state in which your Policy policy was delivered. A detailed statement of the method of computation of Policy policy values under the Policy policy has been filed with the insurance department of the state in which the Policy policy was delivered, if required. FULL SURRENDERS You may surrender your Policy policy after the Right to Examine Policy Period or at any time during the lifetime of the Insured and receive the net Net Cash Surrender Value. We will compute the net Net Cash Surrender Value as of the next Valuation Date after we receive both your request and the Policy policy at our Customer Service Center. This Policy policy will be canceled as of the date we receive your request, and there will be no further benefits under this Policypolicy.