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.
There is no such thing as a surrender charge, there is a deferred sales charge that is paid by charging an additional 1% annual fee and there is a corresponding reduction of the deferred sales charge. If there is a remaining balance of the deferred charge when the annuity is surrendered that amount becomes currently due.