Sentences with phrase «upon surrender before»

Not exact matches

Print this $ 15 coupon before arriving - this must be surrendered to cashier upon entering the facility to receive the discount.

Note that there is a «surrender period,» which is the period of time that a policyholder must wait before it is possible to receive the cash value of the policy upon canceling.

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.

By definition, the paid up value of a life insurance policy is the value an owner receives from the insurer upon default or surrender or early termination of the policy before its maturity or the insured's death.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

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.

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.»

Taking a policy loan could have adverse tax consequences if the policy terminates upon lapse or surrender or before the insured's death.

A surrender charge is levied on policy holders upon cancellation of their policy before maturity; i.e. the pre-defined length of the policy term, and is designed to cover the cost of keeping the policy on an insurer's books.

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

Surrender fees are the charges that your insurance company may charge you for surrendering the policy, withdrawing funds, or canceling the investment portion of the policy before the original agreed upon maturity date under the terms and conditions 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 oSURRENDER VALUE: The amount available in cash upon surrender of a life insurance policy before it matures as a death claim or osurrender of a life insurance policy before it matures as a death claim or otherwise.