The evaluation can provide insight when combined with information given at time of surrender. (petpeoplesplace.com)
As this is a single premium term insurance plan, a surrender value will have to be paid if an individual assured member surrenders his / her cover due to any reason.The surrender value payable at any point of time during the coverage term will be derived as follows: Surrender Value = 70 % * Premiums received * (Unexpired risk period in months / Total Period of cover in months) * (Sum Assured applicable at time of Surrender # / Sum Assured at inception) (maxlifeinsurance.com)
A Book Value MYGA would offer the accumulated value of the annuity less surrender fees applicable at that time of surrender. (annuities.blueprintincome.com)