Sentences with phrase «upon surrender»

The amount (stated in the policy) that is available in cash upon the surrender of a policy for cancellation before or after the policy matures.

Permanent life insurance has cash value upon surrender, offers savings you can use when accumulated, or even dividends for certain types of policies.

The amount (stated in the policy) that is available in cash upon the surrender of a policy for cancellation before or after the policy matures.

The policy also provides a guaranteed return of premium upon surrender for the premiums paid, plus any policy growth.

This is not necessarily the same as the cash value, which is calculated before any fees are taken upon surrender.

The policy also provides a guaranteed return of premium upon surrender for the premiums paid, plus any policy growth.

Cash surrender value is the accumulated portion of a permanent life insurance policy's cash value that is available to the policyholder upon surrender of the policy.

The benefits of your policy will cease upon surrender of your policy.

The fee that is charged by the insurance company upon surrender of the contract.

A donation of $ 25 is required upon surrender.

The benefits of your policy will stop upon surrender of your policy.

Also, loan interest may become taxable upon surrender of the policy.

A certain amount paid on a life insurance policy upon death or when the policy owner receives payment upon surrender or maturity.

Policy loans and automatic premium loans, including any accrued interest, must be repaid in cash or from policy values upon surrender, lapse or the death of the insured.

Cash value: The amount available in cash upon surrender of a permanent life insurance policy.

Upon surrender of this policy, this value may be reduced by a surrender charge, policy fee, or outstanding loan.

Cash Surrender Value for Deferred Annuity Products The amount payable to the policy owner upon surrender 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.

Please be advised that owner surrendered pets become the property of Contra Costa County immediately upon surrender.

The amount you receive upon surrender depends on the number of years of the policy along with the premium and bonus meted out.

Typically, if current interest rates upon surrender or withdrawal are higher than they were at issue, the MVA will result in a lower payment.

However, a MYGA with a market value adjustment could reduce the amount you're able to access upon surrender.

Records must accompany your Border Collie upon surrender or they will not be able to be taken into our rescue organization.

Owners / Strays TAHS requires proof of ownership upon surrender.

A guaranteed cash value will develop, commencing in the 10th year, which will be available to the policyholder upon surrender before the death of the life insured.

It states: «Guaranteed death benefits and values available upon surrender, if any, for the illustrated premium outlay or contract premium shall be shown and clearly labeled guaranteed... The guaranteed elements, if any, shall be shown before corresponding non-guaranteed elements and shall be specifically referred to on any page of an illustration that shows or describes only the non-guaranteed elements.»

• Cash value accumulation means that contract terms and conditions upon surrendering must not exceed its net single premium which is said to be paid at the time the contract has been obtained to acquire future benefits.

In case you're surrendering a cash - value policy, the proceeds due upon surrendering will go to the beneficiaries.

Cornell University Law School defines «Cash Value» or «Surrender Value» as funds that are borrowed against or taken in whole upon surrender of the policy.

With a whole life insurance policy, this may require approval from the insurance company, though any excess premium payment is held in an escrow account, the value of which will be returned to policy owners upon surrender.

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.

The Value Protection Rider provides return of premium upon surrender.

The policy gets terminated and the life cover ceases upon surrender of the policy.

Choice Income also offers a Guaranteed Minimum Surrender Value (GMSV) 9, which may increase your contract value upon surrender, after the withdrawal charge period but terminates on the GLWB Activation Date.

You can calculate taxable gain by subtracting your cost basis from the proceeds you will receive upon surrender of the policy.

CASH SURRENDER VALUE: The amount available in cash upon surrender of a life insurance policy before it matures as a death claim or otherwise.

The total dividend balance is payable in addition to the face amount of the whole life policy as a death benefit, as well as, being included with the whole life policy guaranteed cash value upon the surrender of the policy.

Holders of certificates representing pre-split shares of the Fund's common stock will receive, upon surrender of their certificates representing such pre-split shares, uncertificated post-split shares of the Fund's common stock (i.e., a stockholder's holdings of post-split shares will be reflected only in the Fund's record books).

On the other hand, if you own permanent life insurance, the policy may have a cash surrender value (CSV), which you can receive upon surrendering the insurance.

How they benefit is by being able to obtain the true value of the policy instead of merely receiving the cash surrender value upon surrender or nothing upon letting the policy lapse.

I understand that upon this surrender, all decisions regarding the cat will be at the discretion of Black Cat Rescue.

Upon surrender, it was noticed that Chino struggled to place any weight on his right hind leg; though he bravely tries to do it, he is unable to function under so much pain.

Upon the surrender of General Lee, his property was declared confiscated and a warrant for his arrest was issued.

Upon surrender, this value may be reduced by a surrender charge, MVA, policy fee, or outstanding loan.

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.

Universal life insurance also has a cash value component, which can be paid to the owner upon surrender, withdrawals can be taken, and loans are allowed from the policy.

If Sheila didn't have the loan, she would receive $ 105,000 upon surrender of the policy; with the loan, she will only receive $ 75,000, because the remaining $ 30,000 will be used to repay the outstanding loan.