Common use of Cash Surrender Value Clause in Contracts

AutoNDA by SimpleDocs

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

Appears in 2 contracts

Samples: Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account), Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!