Sentences with phrase «of applicable surrender charges»

Policy Termination or Surrender Benefit: on surrender, the balance in the policy account net of applicable surrender charges and Market Value Adjustment is returned

In adjustable, equity indexed, variable universal and universal life policies, the accumulation value is equal to the policy's cash value before the deduction of any applicable surrender charges when determining the policy's net surrender vale.

Not exact matches

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $ 30 contract maintenance fee.

At the beginning of the index term that follows the end of the Marketing Value Adjustment (MVA) period, the annuity fund value is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectively.

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.

«Before you invest in a variable life insurance or variable annuity product, be sure that you fully understand how the product works, the risk of loss, and the applicable fees and surrender charges,» said Victoria Pawelski, an FDIC Policy Analyst.

Surrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcSurrender Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&Charge Typically applicable to adjustable life, indexed universal life, and variable universal policies, a generally declining schedule of charges against the cash value may be imposed on the policy for a certain number of years from policy inception if the policy is surrendered, the death benefit is reduced, or in some instances, the surrender charge is taken into account in the monthly calculation to determine if the policy is still in forcsurrender charge is taken into account in the monthly calculation to determine if the policy is still in force.&charge is taken into account in the monthly calculation to determine if the policy is still in force.»

If the policyholder surrenders his policy after completing 5 policy years, then the entire fund value as on the date of surrender is payable without any additional charges applicable.

The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of the insurance company.

A surrender charge may be charged if in case premature partial or full encashment of units is opted for (wherever applicable), as mentioned in the policy conditions.

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.

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.

Make the policy paid up: Surrender charges and reversal of tax benefits are not applicable.

And, if the insured surrenders his plan before completing 5 years with his plan then the Fund Value after making applicable deductions of discontinuation charges is credited to the Linked Discontinued Policy Fund.

In case of a Unit Linked Life Insurance Policy, if the policyholder chooses to withdraw the policy completely, before the completion of 5 years, then the Fund Value after deducting the applicable surrender charges are transferred to the Discontinued Policy Fund.

In a case, if the insured chooses to discontinue his plan after completing 5 years, then the entire fund value as on the date of surrender shall be paid to the insured without any additional charges applicable.

Surrender / Discontinuance Charge: The applicable surrender charges depending upon the year of surrender and are applicable if the policy is discontinued in first 4 poliSurrender / Discontinuance Charge: The applicable surrender charges depending upon the year of surrender and are applicable if the policy is discontinued in first 4 polisurrender charges depending upon the year of surrender and are applicable if the policy is discontinued in first 4 polisurrender and are applicable if the policy is discontinued in first 4 policy years.

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.

If the surrender of the Policy is done within the Lock in Period, Co. will credit the Fund Value by creation of Units into the Discontinuance Policy Fund after deducting applicable Discontinuance / Surrendersurrender of the Policy is done within the Lock in Period, Co. will credit the Fund Value by creation of Units into the Discontinuance Policy Fund after deducting applicable Discontinuance / SurrenderSurrender 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.

Surrender Charges: A surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy coSurrender Charges: A surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy cosurrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy conditions.

The calculation of surrender value depends on various things like total tenure of the policy, number of premiums that you have paid, surrender charge applicable etc..

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.

Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender charges, if any.

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.

However, post completion of the lock in period, there are no surrender charges applicable.

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.

Surrender Benefit: Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender chargesSurrender Benefit: Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender chargessurrender value or benefits in times of exigencies after paying applicable surrender chargessurrender charges, if any.

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.

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