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.
Fixed deferred annuities typically have surrender charges. Sometimes the interest rate is reset, up or down, during the surrender charge period. To take the guesswork out of what your future guaranteed interest rate might be, look for a product that guarantees its interest rate at least as long as the surrender fees are in place. Also, consider the quality of the issuing insurance company to help evaluate the best overall value.