Common use of Cash Surrender Value Clause in Contracts

Cash Surrender Value. The Cash Surrender Value is the Contract Account Value, less any applicable Surrender Charge. The Cash Surrender Value will be determined on the date we receive your Written Notice for surrender and this Contract at our Home office. You may surrender this Contract for its Cash Surrender Value at any time before the earlier of the death of the Annuitant or the maturity Date. You may elect to have the Cash Surrender Value (less any applicable deduction for premium tax) paid in a single sum or under a Payment option. This Contract ends when we pay the Cash Surrender Value or apply such sum under a Payment Option.

Appears in 2 contracts

Samples: Nationwide Provident Va Separate Account 1, Nationwide Provident Va Separate Account A

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Cash Surrender Value. The Cash Surrender Value is the Contract Account Value, less any applicable Surrender Charge. The Cash Surrender Value will be determined on the date we receive your Written Notice for surrender and this Contract at our Home officeService Center. You may surrender this Contract for its Cash Surrender Value at any time before the earlier of the death of the Annuitant or the maturity Maturity Date. You may elect to have the Cash Surrender Value (less any applicable deduction for premium tax) paid in a single sum or under a Payment optionOption. This Contract ends when we pay the Cash Surrender Value or apply such sum under a Payment Option.

Appears in 2 contracts

Samples: Providentmutual Variable Annuity Separate Account, Providentmutual Variable Annuity Separate Account

Cash Surrender Value. The Cash Surrender Value is the Contract Account Value, less any applicable Surrender Charge. The Cash Surrender Value will be determined on the date we receive your Written Notice for surrender and this Contract at our Home officeOffice. You may surrender this Contract for its Cash Surrender Value at any time before the earlier of the death of the Annuitant or the maturity Maturity Date. You may elect to have the Cash Surrender Value (less any applicable deduction for premium tax) paid in a single sum or under a Payment optionOption. This Contract ends when we pay the Cash Surrender Value or apply such sum under a Payment Option.

Appears in 1 contract

Samples: Providentmutual Variable Annuity Separate Account

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Cash Surrender Value. The Cash Surrender Value is the Contract Account Value, less any applicable Surrender Charge and any applicable Premium Tax Charge. The Cash Surrender Value will be determined on the date we receive your Written Notice for surrender and this Contract at our Home officeAdministrative Office. You may surrender this Contract for its Cash Surrender Value at any time before the earlier of the death of the Annuitant or the maturity Maturity Date. You may elect to have the Cash Surrender Value (less any applicable deduction for premium tax) paid in a single sum or under a Payment optionOption. This Contract ends when we pay the Cash Surrender Value or apply such sum under a Payment Option.

Appears in 1 contract

Samples: Provident Mutual Variable Annuity Separate Account

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