Common use of Surrender Value Clause in Contracts

Surrender Value. 3.1.1 After the single premium has been paid, the Policy w ill acquire a surrender value and the Company w ill pay the surrender value to the SRS Account if the Policyholder surrenders the Policy. 3.1.2 If the Policyholder ow es a debt under the Policy, this sum w ill be deducted from the surrender value and the Company w ill pay the balance sum.

Surrender Value. 3.1.1 After the single premium has been paid, the Policy w ill will acquire a surrender value and the Company w ill will pay the surrender value to the SRS Account if the Policyholder surrenders the Policy. 3.1.2 If the Policyholder ow es owes a debt under the Policy, this sum w ill will be deducted from the surrender value and the Company w ill will pay the balance sum.

Surrender Value. 3.1.1 After the single premium Single Premium has been paid, the this Policy w ill will acquire a surrender value and the Company w ill will pay the surrender value to the SRS Account if the Policyholder surrenders the this Policy. 3.1.2 If the Policyholder ow es owes a debt under the Policy, this sum w ill will be deducted from the surrender value and the Company w ill will pay the balance sum.