Common use of Surrender Value Clause in Contracts

Surrender Value. 7.1 After the Single Premium has been paid, the Policy will acquire a surrender value and the Company will pay the surrender value to the Policyholder if he surrenders the Policy. 7.2 If the Policyholder owes a debt under the Policy, this sum will be deducted from the surrender value and the Company will pay the balance sum.

Surrender Value. 7.1 After the Single Premium has been paid, the Policy will w ill acquire a surrender value and the Company will w ill pay the surrender value to the Policyholder if he surrenders the Policy. 7.2 If the Policyholder owes ow es a debt under the Policy, this sum will w ill be deducted from the surrender value and the Company will w ill pay the balance sum.

Surrender Value. 7.1 After the Single Premium single premium has been paid, the this Policy will acquire a surrender value and the Company will pay the surrender value to the Policyholder if he surrenders the Policy. 7.2 If the Policyholder owes a debt under the Policy, this sum will be deducted from the surrender value and the Company will pay the balance sum.