Common use of Cash Surrender Value Clause in Contracts

Cash Surrender Value. The cash surrender value is equal to the Contract value less any applicable withdrawal charges and fees as shown on the Contract Specifications, less any taxes deducted upon surrender, and any outstanding loan balance. The guaranteed cash surrender value of the Fixed Account equals the guaranteed value of the Fixed Account less any applicable charges and fees as shown on the Contract Specifications, less any taxes deducted upon surrender and less any outstanding loan balance. For guaranteed cash surrender values of the Fixed Account, refer to the Table of Values. CASH SURRENDER You may elect by Written Request to receive the cash surrender value before the Maturity Date and without the consent of any beneficiary unless irrevocably named. You may elect either a full or partial surrender of the cash surrender value. In the case of a full surrender, this Contract will be canceled. A partial surrender will result in the reduction of Your Contract value and death benefit proceeds. If You have a balance in more than one Funding Option, Your Contract value will be reduced from all Your Funding Options on a pro rata basis, unless You request otherwise. The cash surrender value will be determined as of the next Valuation Date following receipt of Your Written Request. We may delay payment of the cash surrender value of the Funding Options for a period of not more than five business days after Your Written Request is recorded. We may delay payment of the cash surrender value of the Fixed Account for a period of not more than six months after We receive Your Written Request.

Cash Surrender Value. The cash surrender value Cash Surrender Value is equal to the Contract value Value less any applicable withdrawal charges and fees as shown on in the Contract Specifications, less any Purchase Payment Credit not available for withdrawal less any taxes deducted upon surrender, and any outstanding loan balance. The guaranteed cash surrender value Guaranteed Cash Surrender Value of the Fixed Account equals the guaranteed value Guaranteed Value of the Fixed Account less any applicable charges and fees as shown on in the Contract Specifications, Specifications less any taxes deducted upon surrender and less any outstanding loan balancesurrender. For guaranteed cash surrender values Guaranteed Cash Surrender Values of the Fixed Account, refer to the Table of Values. CASH SURRENDER You may elect by Written Request to receive the cash surrender value Cash Surrender Value before the Maturity Date due date of the first Annuity payment and without the consent of any beneficiary Beneficiary unless irrevocably named. You may elect either a full or partial surrender of the cash surrender value. In the case of a full surrender, this Contract will be canceled. A partial surrender will result in the reduction of reduce Your Contract value and death benefit proceedsValue. If You have a balance in more than one Funding Investment Option, Your Contract value Value will be reduced from all Your Funding Investment Options on a pro rata basis, unless You request otherwise. The cash surrender value Cash Surrender Value will be determined as of the next Valuation Date following receipt of Your Written Request. We may delay payment of the cash surrender value Cash Surrender Value of the Funding Options for a period of not more than five business days after We receive Your Written Request is recordedRequest. We may delay payment of the cash surrender value Cash Surrender Value of the Fixed Account for a period of not more than six six-months after We receive Your Written Request.

Cash Surrender Value. The cash surrender value is equal to the Contract value less any applicable withdrawal charges and fees as shown on in the Contract Specifications, Specifications and less any taxes deducted upon surrender, and any outstanding loan balance. The guaranteed cash surrender value of the Fixed Account equals the guaranteed value of the Fixed Account less any applicable charges and fees as shown on in the Contract Specifications, less any taxes deducted upon surrender and less any outstanding loan balance. For guaranteed cash surrender values of the Fixed Account, refer to the Table of Valuessurrender. CASH SURRENDER You may elect by Written Request to receive the cash surrender value before the Maturity Date and without the consent of any beneficiary unless irrevocably named. You may elect either a full or partial surrender of the cash surrender value. In the case of a full surrender, this Contract will be canceled. In the case of a partial surrender, We will reduce Your Contract value by surrendering Accumulation Units on a pro rata basis from amounts allocated to the Funding Options and from the Fixed Account (if applicable), unless You instruct otherwise. A partial surrender will result in the a reduction of Your Contract value and death benefit proceeds. If You have a balance in more than one Funding Option, Your Contract value will be reduced from all Your Funding Options on a pro rata basis, unless You request otherwise. The cash surrender value will be determined as of the next Valuation Date following receipt of Your Written Request. We may delay payment of the cash surrender value of the Funding Options for a period of not more than five business days after Your Written Request is recorded. We may delay payment of the cash surrender value of the Fixed Account for a period of not more than six months after We receive Your Written Request.

Cash Surrender Value. The cash surrender value is equal to the Contract value less any applicable withdrawal charges and fees as shown on in the Contract Specifications, less any taxes deducted upon surrender, applicable Premium Tax and less any outstanding loan balance. The guaranteed cash surrender value of the Fixed Account equals the guaranteed value of the Fixed Account less any applicable charges and fees as shown on in the Contract Specifications, less any taxes deducted upon surrender applicable Premium Tax and less any outstanding loan balance. For guaranteed cash surrender values of the Fixed Account, refer to the Table of Values. CASH SURRENDER You may elect by Written Request to receive the cash surrender value before the Maturity Date and without the consent of any beneficiary unless irrevocably named. You may elect either a full or partial surrender of the cash surrender value. In the case of a full surrender, this Contract will be canceled. In the case of a partial surrender, We will reduce Your Contract value by surrendering Accumulation Units on a pro rata basis from amounts allocated to the Funding Options and from the Fixed Account (if applicable), unless You instruct otherwise. A partial surrender will result in the a reduction of Your Contract value and death benefit proceeds. If You have a balance in more than one Funding Option, Your Contract value will be reduced from all Your Funding Options on a pro rata basis, unless You request otherwise. The cash surrender value will be determined as of the next Valuation Date following receipt of Your Written Request. We may delay payment of the cash surrender value of the Funding Options for a period of not more than five business days after Your Written Request is recorded. We may delay payment of the cash surrender value of the Fixed Account for a period of not more than six months after We receive Your Written Request.