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Definition of Surrender Charge
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
An amount the insurance company will pay if the policyholder ends a whole life
This is the amount available to the owner of a life insurance policy upon voluntary termination of the policy before it becomes payable by the death of the life insured. This does not apply to term insurance but only to those policies which have reduced paid up values and cash surrender values. A cash surrender in lieu of death benefit usually has tax implications.
Benefit that entitles a policy owner to an amount of money upon cancellation of a policy.
a system using transfer prices; see transfer
The formal name for the load of a back-end load fund.
A measure of a firm's ability to meet its fixed-charge obligations: the ratio of
A measure of how well a company is able to meet its fixed
charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
The commission charged by a mutual fund when redeeming shares. For example, a 2%
A special, nonrecurring charge taken in conjunction with a consolidation
Costs associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets.
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
Nonrecurring losses or expenses resulting from transactions or events which,
Give up certain rights under a policy, or give up the policy itself.
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