Net cash surrender value means the maximum amount payable to the policyowner upon surrender.
Net cash surrender value means the cash surrender value of the Policy, less the amount of any then existing loans or withdrawals against the Policy obtained by the Owner. As used in this Assignment, the term "the aggregate amount of cumulative premiums paid by the Assignee" shall mean the aggregate amount of premiums paid by the Assignee net of any repayment to the Assignee of such amount. 201
Net cash surrender value when used in this Agreement shall mean the gross value as determined by Insurer less any outstanding loans made to Corporation and interest then due on such loans.
Examples of Net cash surrender value in a sentence
Net cash surrender value is the cash surrender value minus outstanding policy debt.
Net cash surrender value of approximately $1,128,000 and $1,062,000 at November 1, 2003 and November 2, 2002, respectively, was pledged to the Company as collateral for advances under this arrangement.
Whether, and if so, how, the group centralizes activities relevant to financial reporting; (Ref: par.
Net cash surrender value of life insurance policies includes the cash values of two policies written by a life insurance company that is under regulatory supervision pursuant to an Order of Rehabilitation on August 12, 1994.
Net cash surrender value" means the maximum amount payable to the policyowner upon surrender.
More Definitions of Net cash surrender value
Net cash surrender value means the cash surrender value of the Policy, less the amount of any then existing loans or withdrawals against the Policy obtained by the Owner. As used in this Agreement, the term "the aggregate amount of cumulative premiums paid by the Company" shall mean the aggregate amount of premiums paid by the Company net of any repayment to the Company of such amount.
Net cash surrender value means the accumulation value on any valuation date, less any surrender charges and less any outstanding policy debt.
Net cash surrender value means the cash surrender value less any indebtedness under the policy.
Net cash surrender value means the maximum amount payable to the policy owner upon surrender.
Net cash surrender value means the accumulation value on any valuation date less any outstanding policy debt and less any overdue monthly deductions.
Net cash surrender value means the accumulation value on any valuation date less any outstanding policy debt.
Net cash surrender value means the maximum amount payable to the policyowner up- on surrender.