the value of the annuity contract after surrender charges have been deducted from the accumulated value. ax Deferral: major benefit of annuities. Paying taxes later instead of now. Allowing dollars you would normally pay in taxes to stay inside of the annuity to accumulate additional compound interest for the purchaser.
The amount payable by the insurance company if you foreclose a policy after the premium is paid for a minimum period as stipulated.
The amount received when converting an investment, such as an endowment, into cash.
The amount due to the policy holder if a life insurance policy is cancelled and cashed in, prior to the maturity date.
Value of an annuity account minus any surrender penalties paid, as laid out in the annuity contract.
This is the amount that the life insurance company will pay to the policy holder if the life insurance policy is terminated before the term runs out or the policy holder dies.
Surrender value is the the cash value of a life insurance policy that you receive if you terminate a cash value life insurance policy. Surrender value is a post-surrender charge amount.
The value payable to the policy holder in the event of his deciding to terminate the policy before the maturity of the policy.
The amount payable by the insurer to the owner of an investment-based plan in case he opts to terminate the policy after three years (the mandatory lock-in period) but before its maturity date. The surrender value will be the premia paid till date minus surrender charges and any outstanding loans due.
The cash value payable by the insurer in full settlement of the account of a policy on any date before the maturity date.
Whole of life or endowment policies build up a value over time and should one wish to end the policy before the end of its normal term, the insurance company then decides on a surrender value, i.e. the monetary value of the policy at that time to be paid out to you in a cash amount after which the policy lapses.
This is the amount you get back, after the deduction of any charges, if you cash in on investments before the end of the term. Quite often this is at a very penal rate.
The amount of cash due an insured who surrenders Cash Value Life Insurance. Such surrender, with consequent termination of all insurance benefits, is sometimes called "cashing out" or "cashing in" a policy. The benefits, as printed in a life insurance policy, that the insurer guarantees to the policyowner if the policyowner stops paying premiums. These amounts may be used in a variety of nonforfeiture options.
The amount of money you may receive if you cash in a life insurance policy. Surrender values can be quite low as with most insurance policies, they only start to realise their true value towards the end of the contract term.
The amount of cash available upon the cancellation of an insurance policy before it becomes payable upon death or maturity.
The amount we pay you if you terminate your contract before the Annuity Commencement Date. The Surrender Value is equal to the Contract Value minus any applicable charges.
The amount the Life Office would give you if you were to give up the policy. We need an up to date surrender value and this can be obtained from your Life Office.
Not applicable to all life insurance policies. The amount that an insurance policyholder is entitled to receive when he or she discontinues coverage
If a policyholder cancels a life policy early, the insurance company will pay the policyholder an amount of money called the surrender value.
The amount of money paid to the policyholder by the insurer when certain types of life policy are discontinued before the full benefit becomes payable.
See Cash Surrender Value.
a cash sum available to a policyholder in the event the policy is surrendered earlier than its expected maturity, or prior to death
The surrender value of your policy is the cash value of a life insurance policy that you will receive if you cancel your cash value life insurance policy.
Is equal to the accumulated value less any surrender charges specified in the contract.
The sum payable by an insurance company upon the surrender of a long-term policy (life or permanent health) before it has run its full course.
The amount of money paid to the policyholder when certain types of life policy are discontinued before the full benefit becomes payable. Not all life policies have a surrender value.
The amount a life office is prepared to pay out when the policy is stopped before the end of its term.
Not applicable to all life insurance policies. The amount paid by the insurer if the policyholder stops paying into the policy before the agreed date, for reasons other than death.
the value of a life policy if it is encashed before a claim due to death or maturity.
In most policies, the surrender value is typically the cash accumulated value less any applicable surrender charges. The surrender value will vary depending on the insurance company and the actual policy type. Generally speaking, the surrender value will equal cash values after a certain period of time depending on the specifics of the policy and how long the policy has been in force before the policy is surrendered.
The amount you will receive if, at some point, you choose to terminate (surrender) your contract and withdraw all the cash available.
The sum the policy holder of a life insurance policy is due if the policy is cashed in or cancelled before its maturity date.
Accurately reflects what you get if you cash in your endowment before its time. On average, it takes more than seven years for the surrender value to equal the money you've put in. Gasp
The amount that you will actually receive when converting a policy into cash, this is often nothing.
The surrender value is the amount that is available in cash for loans and withdrawals. Accessing Cash Surrender Value may reduce the death benefit and may increase the risk of lapse.
The amount payable to a policyholder who SURRENDERS an insurance policy.
The amount of money that will be paid to a policy holder if they discontinue a policy before it matures. The benefits the customer usually receives are reduced because of the effects of the charges.