Sentences with phrase «less surrender charges»

Amount available in the account less the surrender charges and market value adjustment is returned to the master policy holder.

Upon surrender, the insurer pays the accumulated cash value less any surrender charges specified in the policy.

The value of an annuity or life insurance policy less any surrender charges is the cash surrender value.

Older policies will have less surrender charges or none at all.

In the case of a book value MYGA, the amount you're able to withdraw will simply be the account value less surrender charges described above.

In a whole life policy, the surrender value is typically equal to the cash value less the surrender charge if applicable.

Not exact matches

SAN DIEGO (AP)-- The son of a leader of Mexico's Sinaloa cartel has been indicted on drug smuggling charges in the United States and pleaded not guilty on Monday, less than two weeks after surrendering to U.S. border inspectors.

I can't help but wonder, however, whether those young investors would have been less enthusiastic if they were aware of some of the less appealing aspects of fixed indexed annuities, such as the fact that many levy steep surrender charges, which I've seen go as high as 18 %, if you withdraw your money soon after investing.

The difference between the cash and the surrender value is that if you surrender your policy (for example, if you choose to cancel and cash out the life insurance policy), you will receive the cash value that has accumulated less any applicable surrender charges; these charges are pre-determined by the life insurance company, and are stipulated in your policy contract.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

For a Fixed Deferred Annuity or Universal Life policy, the Accumulation Value is equal to the Premium Payment plus interest credited, less any partial withdrawals or surrender charges and Market Value Adjustment already assessed.

Net Cash Surrender Value A life insurance policy's cash surrender value less any outstanding loans or surrenderSurrender Value A life insurance policy's cash surrender value less any outstanding loans or surrendersurrender value less any outstanding loans or surrendersurrender charges.

Surrender Value In most policies, the surrender value is typically the cash accumulated value less any applicable surrenderSurrender Value In most policies, the surrender value is typically the cash accumulated value less any applicable surrendersurrender value is typically the cash accumulated value less any applicable surrendersurrender charges.

Also, VUL is typically subject to surrender charges for a period of up to 15 years (more or less depending on the carrier) which can be very high in the early years of the policy.

VUL is typically subject to surrender charges for a period of up to 15 years (more or less depending on the carrier) which can be very high in the early years of the policy.

A policy service charge of $ 30 is not included in these charges, but will be deducted each year from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the accumulation value is less than $ 100,000.00.

A policy service charge of $ 30 is not included in these charges, but will be deducted from the policy's Accumulation Value on the policy anniversary and upon surrender if on that date the Accumulation Value is less than $ 100,000.00.

If you cash in the policy during the surrender period listed in the contract, you may end up with much less than you expect due to the fees charged by the insurer for early termination.

An amount of cash values less the policy surrender charges that can be borrowed by the policy owner.

In most policies, the surrender value is typically the cash accumulated value less any applicable surrender charges.

Your policy provides a guaranteed policy value on surrender equal to the net premium accumulated at 2 % less assessed guaranteed policy charges.

The Surrender Value will be Fund Value less Discontinuance Charge, if any, as mentioned below:

The Surrender Value will be the «Fund Value less Discontinuance Charge», if any.

If policy is surrendered before the completion of lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund and no subsequent charges other than Fund Management Charges for discontinued policy fund will be decharges other than Fund Management Charges for discontinued policy fund will be deCharges for discontinued policy fund will be deducted.

The surrender Value under the base plan will be the fund value less discontinuance charge, if any.

If the policy is surrendered before the completion of the lock - in period of 5 policy years from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the company.

If you surrender a universal life policy you may receive less than the cash value account because of surrender charges which can be of two types.

Your Fund Value less the discontinuance / surrender charge, if any, plus the top up premium Fund Value, if any, as on the date of surrender, will be transferred to the discontinued pension policy fund.

On surrender during the lock - in period of first 5 years of your policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall cease.

On surrender during the lock - in period of first five years, the single premium fund value, less the discontinuance / surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.

The cash surrender value can be less than the accumulated value if the policy has surrender charges.

Upon surrendering the policy with - in the lock - in period of 5 years, the Fund Value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of the lock - in period.

The Surrender Value payable is the Fund Value less Discontinuance Charges.

Upon surrendering the policy with - in the lock - in period of 5 years, the fund value (including top - up fund value) less applicable discontinuance charges is credited to the «Discontinued Policies Fund» and it is refunded upon completion of the lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years (Regular & Limited Pay Option), the fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years, the fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund II».

Upon surrendering the policy with - in the lock - in period of 5 years, the fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years and on complete withdrawal from the policy, the fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years, the Fund Value (including top - up fund value) less applicable discontinuance charges is credited to the «Discontinued Fund» and it is refunded upon completion of the lock - in period.

The Surrender Value will be the Policy Account value, less the Market Value Adjustment amount (if any) and the surrendeSurrender Value will be the Policy Account value, less the Market Value Adjustment amount (if any) and the surrendersurrender charges

The surrender benefit shall be the fund value on surrender less the applicable discontinuance charge if any.

Upon surrendering the policy after the lock - in period of 5 years, Fund Value under the base policy (including Top - ups) less applicable Discontinuance Charges will be paid to the policyholder.

Upon surrendering the policy with - in the lock - in period of 5 years, the Fund Value (including top - up fund value) less applicable discontinuance charges is credited to the «Discontinued Pension Policy Fund» and it is refunded upon completion of the lock - in period.Upon surrendering the policy after the lock - in period of 5 years, Your fund value will be paid out.

Upon surrendering the policy with - in the lock - in period of 5 years, the Fund Value (including top - up fund value) less applicable discontinuance charges is credited to the «Pension Discontinued Policy Fund».

Upon surrendering the policy with - in the lock - in period of 5 years, the Fund Value (including top - up fund value) less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of the lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years, the unit fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of the lock - in period.

Upon surrendering the policy with - in the lock - in period of 5 years, For Single Pay policies, the fund value less applicable discontinuance charges is credited to the «Discontinued Policy Fund» and it is refunded upon completion of the lock - in period.

If you surrender before completion of the 5 years from commencement of the policy Your fund value less discontinued charges will be moved to the «Discontinued Policy Fund.

40 % of the Surrender Value (i.e. Total Fund Value less applicable Discontinuance Charges), if equity proportion is more than 60 % of the Total Fund Value at Policy level