Q: What is a contract's Surrender Value?
A: The Surrender Value is the before-tax amount you will receive when you surrender your DA for a lump sum.
It usually equals the Account Value minus the Surrender Charge. Some Contracts (Policies) may have additional adjustments, or alternative methods used to determine the Surrender Value, such as:
A: The Surrender Value is the before-tax amount you will receive when you surrender your DA for a lump sum.
It usually equals the Account Value minus the Surrender Charge. Some Contracts (Policies) may have additional adjustments, or alternative methods used to determine the Surrender Value, such as:
- Balance in a Shadow Fund
- Minimum Nonforfeiture balance
- Market Value adjustment
