Common use of Surrender Benefit Clause in Contracts

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; b) Surrender value of reversionary bonus (if any); and c) performance bonus (if any) less any outstanding amount that You still owe Us.

Appears in 2 contracts

Samples: Policy Contract, Insurance Policy Agreement

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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 of reversionary bonus (if any); and c) performance bonus (if any) less any outstanding amount that You still owe Us.

Appears in 2 contracts

Samples: Policy Contract, Insurance Policy Agreement

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; b) Surrender value of reversionary bonus (if any); and; c) performance bonus (if any); and d) any re-invested yearly cash Benefits and any non-guaranteed interest (if not previously withdrawn) less any outstanding amount that You still owe Us.

Appears in 2 contracts

Samples: Policy Contract, Enrich Rewards Agreement

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) the guaranteed Surrender value; b) Surrender value of accumulated reversionary bonus (if any); and c) performance bonus (if any) less any outstanding amount that You still owe amounts owing to Us.

Appears in 2 contracts

Samples: Policy Contract, Insurance Agreement

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Surrender Benefit. Upon surrender, the surrender Benefit benefit is paid in one lump sum. The total surrender Benefit benefit payable is the sum of the following: a) guaranteed Surrender surrender value;; and b) Surrender non-guaranteed surrender value of reversionary bonus (if any); and c) performance bonus (if any) less any outstanding amount that You still owe owing to Us.

Appears in 1 contract

Samples: Insurance Agreement

Surrender Benefit. Upon surrender, the surrender Surrender Benefit is paid in one lump sum. The total surrender Surrender Benefit payable is the sum of the following: a) the guaranteed Surrender value;; and b) Surrender value of reversionary performance bonus (if any); and c) performance bonus monthly income deposited with Us with non-guaranteed interest (if any) ); less any outstanding amount that You still owe amounts owing to Us.

Appears in 1 contract

Samples: Policy Contract

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