Tools / P5

When can I take this money out without a charge, and what would it cost today?

Counts the years left on a surrender schedule and works out the charge on a full surrender today. A market value adjustment, a bonus recapture and tax are separate deductions and are not included unless you enter them.

Account value

Which contract year are you in?

Year 1 is the first twelve months after the contract was issued.

How many years does the surrender schedule run?

A seven-year schedule means the charge reaches zero in year 8.

The surrender charge rate for this year

As a percentage, for example 6.

Unvested premium bonus, if any optional

In dollars. Leave blank if there was no bonus.