Common use of LOAN VALUE Clause in Contracts

LOAN VALUE. The loan value is 90% of the sum of the cash value and any existing policy debt on the date of the loan.

Appears in 7 contracts

Samples: Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Policy (Northwestern Mutual Variable Life Account)

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LOAN VALUE. The loan value is 90% of the sum of the cash value and any existing policy debt Policy Value on the date of the loan.

Appears in 6 contracts

Samples: Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account)

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