Sentences with phrase «amount during the surrender charge period»

An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender charge free withdrawal amount during the surrender charge period.

Determined by a formula that measures the change in the U.S. Treasury Constant Maturity yield plus the applicable Barclays Capital U.S. Corporate Bond Index, the MVA will add or deduct an amount from your annuity or from the withdrawal amount you receive.4 A MVA only applies when the policyowner surrenders or makes a withdrawal from the contract that is greater than the surrender - charge - free withdrawal amount during the surrender charge period.

Not exact matches

MARKET VALUE ADJUSTMENT — An MVA will apply, only during the Surrender Charge Period, to any partial withdrawals in excess of the Maximum Free Partial Withdrawal amount and at the time the Contract is surrendered.

Surrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge freSurrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge free aCharge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge fresurrender during the policy's surrender charge period in excess of any surrender charge fresurrender charge period in excess of any surrender charge free acharge period in excess of any surrender charge fresurrender charge free acharge free amount.

A Market Value Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amount.