We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Surrender Value definition

Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.
Surrender Value means the amount payable, if any, on the Surrender of this Policy. Part D of this Policy will specify the manner of calculation of the Surrender Value, if any.
Surrender Value means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of this policy.

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.


More Definitions of Surrender Value

Surrender Value means an amount payable on surrender of this Policy, which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value;
Surrender Value means an amount, as specified under the Plan, that is payable upon complete withdrawal/termination of the entire Policy by the Policyholder
Surrender Value is the amount you receive upon surrender of this Contract before the Income Date. It is your Account Value, plus or minus any applicable Market Value Adjustment, and less any applicable surrender charges or other charges shown in the Schedule.
Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the Policyholder. Any indebtedness will be deducted from the Surrender Value of the Policy before its payment.
Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the policyholder. It is usually expressed as the Fund Value less the surrender penalty.
Surrender Value means the amount for which the Contract Holder may surrender the Contract as calculated in accordance with Clause 16.
Surrender Value. The amount payable by Aetna upon the surrender of any portion of an Account.