The Cash Surrender Value. The Cash Surrender Value of this Contract equals the greater of: (1) The Minimum Guaranteed Contract Value (as defined in the Contract Schedule); or (2) The Accumulation Value, less any Surrender Charge.
Appears in 6 contracts
Samples: Modified Single Premium Deferred Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Modified Single Premium Deferred Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Modified Single Premium Deferred Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)
