FULL SURRENDER. You may surrender this contract for its Cash Surrender Value by giving Written Notice while the Insured is living. The surrender will be effective on the day we receive Written Notice or, if later, the date you specify. Insurance coverage ceases on the effective date of the surrender.
FULL SURRENDER. The Owner, by Request, may fully surrender the Contract for the Surrender Value. Payment of the Surrender Value will terminate this Contract and the Rider and the Company’s obligations under the Contract and the Rider.
FULL SURRENDER. On or before the Annuity Date and while an Annuitant is living, you may surrender this contract for its Cash Surrender Value by giving Written Notice. The surrender will be effective on the later of: The day we receive Written Notice; and The date you specify.
FULL SURRENDER. You may request to surrender Your policy for its Account value at any time after the free look period. The surrender value consists of the following:
(a) Account value;
(b) any premium and/or top-up you have paid but have yet to be invested;
(c) less surrender charge on the full surrender amount in the first five (5) policy years; and
(d) less any amounts owing to Us. We will pay You an amount equivalent to the value of the cancelled units at the unit prices of the respective fund(s) on the next Valuation day after we receive your request, less any applicable charges. Your coverage will be terminated once You have surrendered Your policy. Please refer to Fees and Charges section for the full surrender charge.
FULL SURRENDER. See Section 6.2.
FULL SURRENDER. You may request to surrender this contract for its full surrender value at any time. . Surrender will be effective on the date of your written request. . We will compute the accumulated value on the valuation date that coincides with the date we redeem the funds from the sub-account. . When a full surrender is made, the maintenance fee will be deducted at the time of the surrender. The fee will be deducted before any other calculations are made. . Cash payment will be made within 7 days (plus any additional period the Federal Government may allow) after we receive the request at our Annuity Service Center.
FULL SURRENDER. At any time prior to the Annuity Commencement Date and during the lifetime of the Annuitant, the Owner may surrender this Contract by sending Us a Written request. The amount payable on surrender is:
FULL SURRENDER. As of the date the Company receives Written Request for full surrender, the amount payable is the Accumulated Value multiplied by the Surrender Factors shown below.
FULL SURRENDER. 12.1. You may make written request for a full surrender of the Policy at any time provided the request is on Our standard form in use at the time.
12.2. On full surrender all Allocated Policy Units are cancelled for payment of a full surrender benefit. The amount payable will be the Encashment Value after all the units are cancelled subject to Term 12.4.1. below.
12.3. We must receive the request by 10.00 am CET on a Working Day at Our Head Office. Any request for surrender received after this time will be processed on the next Working Day.
12.4.1. We will realise investments forming the Investor’s Account to pay the surrender benefits subject to the provisions of Term 6.1.2. and Term 7, and until all investments are re- alised proceeds will be held as cash in accordance with Term 9.2. You should be aware therefore, that the day that a surrender request is processed or a benefit is paid may not be the date that an investment is valued or realised.
12.4.2. We may require or You may request in accordance with Term 6.1.2., that part or the whole of the surrender re- quest be satisfied by transfer of the ownership of invest- ments in the Investor’s Account to You.
12.4.3. The Encashment Value takes into account any Early With- drawal Charges and other Policy Charges as explained in Term 24.
12.5. No other benefits are payable following the full surrender of the Policy.
FULL SURRENDER. Unless this agreement is shown on page 3 as irrevocable, you may surrender this agreement for its Commuted Value during the Guaranteed Payment Period and while an Annuitant is alive. The Guaranteed Payment Period, if any, is shown on page 3 and begins on the Issue Date of this agreement.
