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.
Surrender charges are a penalty for withdrawing from or surrendering a Deferred Annuity early. They are applied according to a schedule. Most, but not all, surrender charges decline over time. Example: Year 1 = 10%, Year 2=9%, etc. until Year 11 = 0%. Usually, the charge is imposed on a surrender or withdrawal exceeding a certain âpenalty freeâ percentage of contract value (most commonly, 10%).