Guaranteed Surrender Value means the minimum surrender value computed in accordance with Clause 1 of Part D, which is guaranteed by Us;
Guaranteed Surrender Value means the minimum surrender value computed in accordance with Section 8.4, which is guaranteed by Us;
Guaranteed Surrender Value means an amount which is calculated in the following manner: Guaranteed Surrender Value = Guaranteed Surrender Value Factor X Total Instalment Premiums received under this Policy (excluding taxes, rider premium and extra premiums, if any)Where the Guaranteed Surrender Value Factor is determined as follows: Policy Year of Surrender
Examples of Guaranteed Surrender Value in a sentence
The Guaranteed Surrender Value is the sum of the percentage of premiums paid and surrender value of accrued guaranteed additions and accrued regular bonuses as shown under Schedule A will vary based on the policy term, premium paying term and the year you surrender the policy.
More Definitions of Guaranteed Surrender Value
Guaranteed Surrender Value means the guaranteed surrender value which is payable in accordance with Section 8(a).
Guaranteed Surrender Value means an amount which is calculated in the following manner: Guaranteed Surrender Value = Guaranteed Surrender Value Factor x total Instalment Premiums received under this Policy (excluding taxes and extra premiums, if any) The Guaranteed Surrender Value Factor is determined as follows: Policy Year ofSurrenderPolicy Term equal to 11yearsPolicy Term equal to 15 years330%
Guaranteed Surrender Value means the guaranteed surrender value computed in accordance with Clause 1 of Part D;
Guaranteed Surrender Value means an amount which is calculated in the following manner:
Guaranteed Surrender Value means the Surrender Value as computed in Part D of the Policy, which is guaranteed by Us.
Guaranteed Surrender Value means the Surrender Value computed in Section 4 of Part D, which is guaranteed by Us.
Guaranteed Surrender Value means an amount which is calculated in the following manner: Option AGuaranteed Surrender Value = Guaranteed Surrender Value Factor x total Instalment Premiums received under this Policy (excluding taxes, Rider premium and extra premiums, if any) less sum total of Survival Benefits already paid. Where Guaranteed Surrender Value Factors are as follows. Guaranteed Surrender Value FactorPremiumTerm 5 7 10 12Policy Term15172022Policy Year of Surrender Guaranteed Surrender Value FactorOption B PART D PremiumTerm 5 7 10 12Policy Term10121517Policy Year of Surrender