Examples of Surrender Value in a sentence
The Contract’s Cash Surrender Value on any date will be the Contract Fund less any applicable surrender charges (described in the prospectus) and less any Contract Debt.
The Cash Surrender Value will be determined as of the end of the valuation period in which a surrender request is received in Good Order at a Service Office.
The payment of any Cash Surrender Value attributable to the Fixed Rate Option may be delayed up to six months.
The Contract Owner may surrender the Contract at any time for its Cash Surrender Value (referred to as net cash value in the Contract) while the insured is living.
The report will show the Accumulation Value and the Cash Surrender Value as of the end of the Contract Processing Period.