Cash Surrender Sample Clauses

Cash Surrender. You may surrender this contract for its Cash Surrender Value at any time by submitting a Written Notice to terminate coverage. The Cash Surrender Value is: 1) the Contract Value at the time of surrender; less 2) any applicable surrender charge; less 3) any loan balance. We will also refund any Cost of Insurance deducted for the period beyond the date of contract surrender. Section 1, Contract Data, shows the surrender charges. These charges apply in the first 10 Contract Years. Additional surrender charges will apply for 10 years following any increases in Specified Amount. Certain federal income tax consequences may apply to cash surrenders. You should consult your tax advisor before requesting a cash surrender.

Cash Surrender. You may surrender this contract for its cash surrender value at any time before the earliest of: (1) your death; (2) the Annuitant's death; or (3) the maturity date. When you surrender the contract you will receive 10% of the contract value without a surrender charge, provided you have not exercised the partial surrender provision or have not participated in the systematic partial surrender plan during the current contract year. The cash surrender value of this contract is: (1) the contract value at the time of surrender; less (2) any applicable surrender charge (shown in Section 1, Contract Data); less (3) any loan balance; less (4) any premium taxes payable. To surrender the contract you must submit a written request to us. We have the right to require that the contract be returned to us as well. We will determine the cash surrender value on the date we receive these requirements. We will pay the cash surrender value in a lump sum unless you request payment under a payment option. Certain federal income tax consequences may apply to a cash surrender of the contract. You should consult your tax adviser before requesting a surrender.

Cash Surrender. You may surrender this contract for its cash surrender value at any time before the earlier of: (1) your death; (2) the Annuitant's death; or (3) the maturity date. The cash surrender value of this contract is: (1) the contract value of this contract at the time of surrender; less (2) any loan balance; less (3) any premium taxes payable. To surrender the contract you must submit a written request to us. We have the right to require that the contract be returned to us as well. We will determine the cash surrender value on the date we receive these requirements. We will pay the cash surrender value in a lump sum unless you request payment under a payment option. Certain federal income tax consequences may apply to a cash surrender of the contract. You should consult your tax advisor before requesting a surrender.

Cash Surrender. Value Equals the contract value at the time of surrender less applicable surrender charges, loan balance and any premium taxes payable.

Cash Surrender. Section 6.5 Table of Guaranteed Values; Basis of Values

Cash Surrender. You may surrender this contract for its Cash Surrender Value at any time by submitting a Written Notice to terminate coverage. The Cash Surrender Value is: 1) the Contract Value at the time of surrender; less 2) any applicable surrender charge; less 3) any loan balance. We will also refund any Cost of Insurance deducted for the period beyond the date of contract surrender. Section 1, Contract Data, shows the surrender charges. These charges apply in the first 10 Contract Years. Additional surrender charges will apply for 10 years following any increases in Specified Amount.

Cash Surrender. The Owner may surrender this Policy for its Cash Surrender Value. The Cash Surrender Value is the Cash Value less any Policy Debt. A written surren- der of all claims, acceptable to the Company, will be required. The date of surrender will be the date of receipt at the Home Office of the written surren- der. The Policy will terminate and the Cash Surren- der Value will be determined as of the date of surrender. The Company may require that the Poli- cy be sent to it. Surrender proceeds will be the Cash Surrender Value as of the date of surrender. These proceeds will be paid in cash or under a payment plan that is elected by the Owner. The Company may defer paying the surrender proceeds for up to six months from the date of surrender. If payment is deferred for 30 days or more, interest will be paid on the surrender proceeds from the date of surrender to the date of payment. Interest will be at an annual effective rate in accordance with the laws of the state in which this Policy is delivered.

Cash Surrender. A participant's account may be surrendered for its cash value before the annuity date. Requests for surrender must be in writing.

Cash Surrender. Upon written request by the Owner prior to the Annuity Commencement Date, all or a portion of the Accumulation Value, determined as of the Valuation Date coincident with or next following the date such written request is received by Minnesota Mutual at its Home Office, shall be paid to the Owner in a single sum. The contract must be surrendered, and must accompany such written request if the entire Accumulation Value is to be paid. No partial withdrawal of the Accumulation Value will be allowed for an amount of less than $250. In the event of any withdrawal, that portion of the Individual Account having an Accumulation Value equal to the dollar amount withdrawn shall be cancelled.