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.
Basic annuity fees (called mortality and expense fees) can run 1.2% or more per year. You could also pay more than 1% in investment fees for the underlying funds. If you decide to cash out the annuity, you may pay a surrender charge, which generally starts at 7% to 10% and gradually decreases over the first seven to 10 years you own the annuity. There are variable annuities with lower fees.