With a participating whole life policy, the insurance company may pay dividends, which are often retained in the cash value, allowing the surrender amount to grow faster and larger
than the guaranteed surrender values.
The Special Surrender Value is always higher
than the Guaranteed Surrender Value.
After 3 years of full paid premiums if you surrender you will receive the Surrender Value, which is higher
than the Guaranteed Surrender Value.
The Corporation will pay a Special Surrender Value — which is either equal to or more
than the Guaranteed Surrender Value.
The special surrender value is more
than the guaranteed surrender value.
Not exact matches
The consumer will incur a
surrender charge, be subject to the commencement of a new
surrender period, lose existing benefits (such as a higher crediting
guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;
Owners of fixed indexed annuities (FIAs) with
guaranteed living income benefit (GLIB) riders are much less likely to
surrender their contracts
than they were 10 years ago, according to new research based on 3.3 million policyholders.
Contracts with a lifetime benefit rider have much lower
surrender rates
than those with other types of
guarantees.
This feature
guarantees that the policy will not default, even if the cash
surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater
than zero and policy debt never exceeds the Policy Value.
Anthony, who is entering the final year of his contract, wants to be traded, but no team is going to
surrender significant assets without a
guarantee that he will stick around for more
than one season.
What is the benefit of the Interest Plus + annuity over other
guaranteed fixed rate annuities?The Interest Plus + annuity is designed for the consumer who desires a higher -
than - average rate of return, but with the ability to access funds for any reason or amount — without incurring an excessive
surrender charge.
Owners of fixed indexed annuities (FIAs) with
guaranteed living income benefit (GLIB) riders are much less likely to
surrender their contracts
than they were 10 years ago, according to new research based on 3.3 million policyholders.
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.
The Company, from time to time, may declare special
Surrender Value, subject to prior approval from IRDA of India, which could be higher
than or equal to the
Guaranteed Surrender Value.
For products with a premium paying term of less
than 10 years, the
guaranteed surrendered value will be given, provided premiums have been paid for two consecutive years.
Platinum boasts multiple new features at no additional cost, including a return of premium rider,
guaranteeing the policy's cash
surrender value will never be less
than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.
Regulations require that all plans with premium - paying term of more
than 10 years, should acquire a
guaranteed surrender value after 3 years.
If the premium paying term is less
than 10 years, the
guaranteed surrender value of at least 30 % of the total premium paid will accrue after the second year.
For premium paying term of less
than 10 years, a
guaranteed surrender value can be acquired on payment of all premiums for at least 2 consecutive years.