surrender value


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Translations

surrender value

n (Insurance) → valore m di riscatto
References in periodicals archive ?
The high interest and administrative fees generated from the COLI program outweighed the policies' net cash surrender value and benefits.
Many policies could be sold for a higher figure - on average 15 per cent more - than their surrender value.
They will also need to have run for at least five years, and have a minimum surrender value of around pounds 2,000, before anyone will be interested in buying them.
b) If the contract is cancelled, the seller shall refund to the buyer the cash surrender value of the payments on the property equivalent to 50 percent of the total payments made, and, after five years of installments, an additional 5 percent every year but not to exceed 90 percent of the total payments made: Provided, that the actual cancellation of the contract shall take place after thirty days from receipt by the buyer of the notice of cancellation or the demand for rescission of the contract by a notarial act and upon full payment of the cash surrender value to the buyer.
Are annual increases in the cash surrender value of a life insurance policy taxable income to the policyholder?
The loan amount can be up to 90% of the surrender value and bonus accrued.
In essence, an MVA is a feature that is often attached to deferred annuities, which could increase or decrease the cash surrender value of the annuity if more than the penalty-free amount is withdrawn (or if the contract is fully surrendered) during the surrender charge period.
Ten years after the policy was issued, when Henry was 65, the cash surrender value had dropped to $700,000.
Summary: Evaluate the surrender value of your endowment policy before you discontinue it.
For a transfer of part of the cash surrender value of an existing annuity contract for a new annuity contract issued by another insurance company, the transfer will qualify for nonrecognition of gain or loss.