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 payable on surrender of this Policy, which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value;

Examples of Surrender Value in a sentence

• The Net Cash Surrender Value is the Cash Surrender Value less any Policy Debt.

• The Cash Surrender Value is the Accumulated Value less any Surrender Charge.

• The Minimum Death Benefit is equal to the Minimum Death Benefit Percentage multiplied by the cash surrender value (which may differ from the Policy’s Cash Surrender Value) as determined under applicable tax law.

• SURRENDER AND WITHDRAWAL OF VALUES Surrender – Upon Written Request, while it is In Force, this Policy may be Surrendered for its Net Cash Surrender Value on the date the Written Request is received at Our Administrative Office.

• Such request will not be allowed to the extent we determine that any resulting Guideline Premium limit would cause an amount in excess of the Net Cash Surrender Value to be distributed from the Policy.

More Definitions of Surrender Value

Surrender Value means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of this policy.

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. The amount payable by Aetna upon the surrender of any portion of an Account.

Surrender Value means the amount for which the Contract Holder may surrender the Contract as calculated in accordance with Clause 16.