What Is Arm Wrestling. Arm wrestling is a relatively simple sport; 2 participants place one of their arms on a surface with their elbows bent and touching the surface. While gripping the other persons hand, they attempt to force or pin their opponents arm onto the surface. The first person to score a pin wins.
What is the 'Cash Surrender Value' The cash surrender value is the sum of money an insurance company pays to the policyholder or annuity holder in the event his policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most permanent life insurance policies, particularly whole life insurance policies.
Determine the date of policy inception. This is important because annuities require a surrender period where there is a surrender charged to money pulled out. The surrender charge is often up to 15 percent of the money pulled out, and is a period anywhere between 3 and 9 years depending on the annuity terms. Calculate what it will cost to surrender the annuity. Fill out the surrender form, sign and date it. Be sure to mark whether you are doing a partial surrender or a complete surrender. You should also be able to request whether or not taxes are to be withheld from the distribution.