SURRENDER OPTION. The Owner may turn this Contract in for its Surrender Value effective on the date on which the request in writing is received at the Home Office. The value will be the Accumulated Value on that date less (a) a Contingent Deferred Sales Charge, if any, (b) the Contract Maintenance Charge and (c) any applicable premium taxes not previously deducted. Any cash payment will be mailed within 7 days after receipt of a proper request; but the Company may be allowed to defer the payment under the Investment Company Act of 1940 as it is in effect at that time. The Surrender Option is not available after the Maturity Date.
Appears in 5 contracts
Samples: Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Variable Annuity Contract (First Investors Life Variable Annuity Fund D)
