Surrender Benefit. You may surrender your policy in full or partially through partial withdrawal. Upon full surrender, we will pay the surrender benefit in one lump sum which is equivalent to the Account value less surrender charges (if any) and any amounts owing to us. You may request for a full surrender any time after the free look period. We reserve the right to delay the payment of the surrender value for up to a period of six months from the date of your surrender application.
Surrender Benefit. Upon surrender, the surrender Benefit is paid in one lump sum. The total surrender Benefit payable is the sum of the following:
a) guaranteed Surrender value; and
b) non-guaranteed Surrender value (if any); less any outstanding amount that You still owe Us.
Surrender Benefit. A guaranteed surrender Benefit, less any outstanding amount owing to Us, will be payable upon surrender.
Surrender Benefit. The policy has a guaranteed surrender value equivalent to 80% of the single premium paid throughout the policy duration from policy commencement date onwards. The total surrender benefit is the sum of:
(i) a guaranteed surrender value equivalent to 80% of single premium paid;
(ii) any reversionary bonus surrender value; and
(iii) any performance bonus less any amounts owing to us.
Surrender Benefit. 3.4.1. This Policy does not acquire any surrender value throughout the Policy Term and therefore, there is no amount payable to You upon surrender of this Policy. This Policy and all the rights under this Policy shall extinguish on surrender of this Policy.
Surrender Benefit. A guaranteed Surrender value, less any outstanding amount owing to Us, will be payable upon surrender. If you have paid an Advance Premium on this policy and you surrender the policy in the first policy year, we will pay the Surrender Benefit mentioned above and refund the Advance Premium paid (without any interest). Please refer to the Policy Illustration for the value of the Surrender Benefit.
Surrender Benefit. At any time prior to the Annuity Commencement Date and subject to the provisions of this Contract, the Owner may surrender this Contract for the Surrender Value which will be computed as of the Transaction J555 Date. Great-West generally will pay the Surrender Value in a single sum within 7 days after receipt of the Request. A full surrender of this Contract will terminate the Contract and Rider and all benefits therein.
Surrender Benefit. At any time while your policy is in effect and after all due installment premiums for at least three policy years have been paid you can request to surrender this policy for its Surrender Benefit. The Guaranteed Surrender Value is the sum of the percentage of premiums paid and surrender value of accrued guaranteed additions and accrued regular bonuses as shown under Schedule A will vary based on the policy term, premium paying term and the year you surrender the policy. Your policy also acquires a Special Surrender Value. To know the Special Surrender Value for your policy you can get in touch with your advisor, or the nearest Branch Office or our Customer Service Team. Your surrender benefit is the higher of:
Surrender Benefit. 4.3.1. If the Master Policyholder surrenders this Policy in accordance with Section 15 below, We shall pay the Surrender Value to the Master Policyholder. This Policy shall terminate from the date of receipt of the request for surrender of this Policy by Us from the Master Policyholder.
Surrender Benefit. At any time prior to the date annuity payouts commence and subject to the provisions of this Contract, the Owner may surrender this Contract for the Surrender Value which will be computed as of the Transaction Date. FGWL&A generally will pay the Surrender Value in a single sum within 7 days after receipt of the Request. FGWL&A may delay payment for:
(a) any period (i) during which the New York Stock Exchange is closed (other than customary weekend and holding closings) ; or (ii) during which trading on the New York Stock Exchange is restricted;
(b) any period during which an emergency exists as a result of which (i) disposal of the Series Account owned by it is not reasonably practicable; or (ii) it is not reasonably practicable for the Series Account to determine the value of its net assets; or
(c) any other period as the Securities and Exchange Commission may by order permit for the protection of security holders.
