POLICY VALUE. On the issue date or, if later, the date the first premium is received, the policy value is the net premium less the monthly deduction for the first policy month. On any other day, the policy value is the sum of the values in each subaccount, plus the value of the fixed account and the loan account. On each valuation date, the value in a subaccount is:
POLICY VALUE. On the Policy Date, the Policy Value is equal to the net premium less the Monthly Policy Charge. On any day after that, the Policy Value is equal to what it was on the previous day plus any of these items applicable on that day: - any increase due to investment results of all amounts invested in all Divisions for the Policy Value; - interest on the policy debt at an annual rate equal to the loan interest rate; - the net premium, if a premium is paid; - any policy dividend directed to increase the Policy Value; and minus any of these items applicable on that day: - any decrease due to investment results of all amounts invested in all Divisions for the Policy Value; - the Monthly Policy Charge; - on any monthly processing date on which there is a policy debt, a charge for expenses and taxes associated with the debt; - any withdrawals; and - any transaction charges that may result from a withdrawal, a transfer, a change in the Specified Amount or a change in the death benefit option. The Monthly Policy Charge, any charge for expenses and taxes associated with policy debt, withdrawals and any transaction charges will be deducted from the Policy Value. The deduction will be allocated to each Division in proportion to the amounts in each Division.
POLICY VALUE. On the Policy Date, the Policy Value is equal to the net annual policy premium plus any net unscheduled additional premium credited to Policy Value on the Policy Date, less the cost of insurance charge. On any day after that, the Policy Value is equal to what it was on the previous day plus these items: o any increase due to investment results of all amounts invested in all Divisions for the Policy Value; o interest on the Policy Value's share of policy debt at an annual rate equal to the loan interest rate less a charge by the Company for expenses and taxes; o on each policy anniversary, if the premium due is paid within the grace period, the net annual policy premium; o any net unscheduled additional premium used to increase Policy Value credited that day; o any policy dividend payable on that day directed to increase Policy Value; and o any amounts transferred to Policy Value from variable paid-up additional insurance; and minus any of these items applicable on that day: o any decrease due to investment results of all amounts invested in all Divisions for the Policy Value;
POLICY VALUE. POLICY VALUE
(a) premium payments; minus
(b) Gross Partial Withdrawals (as defined in Section 5); plus
(c) interest credited to the Fixed Account (see Section 7); plus
(d) accumulated gains, including the deduction of the Mortality and Expense Risk Fee and Administrative Charge, in the Separate Account (see Section 6); minus
(e) accumulated losses including the deduction of the Mortality and Expense Risk Fee and Administrative Charge, in the Separate Account (see Section 6); minus
(f) service charges, premium taxes, rider fees and transfer fees, if any. You may use the Policy Value on the Annuity Commencement Date to provide income under the General Payment Provisions in Section 10.
POLICY VALUE. POLICY VALUE
(a) premium payments; minus
(b) Gross partial withdrawals (as defined in Section 5); plus
(c) interest credited to the fixed account (see Section 7); plus
(d) accumulated gains in the separate account (see Section 6); minus
(e) accumulated losses in the separate account (see Section 6); minus
(f) service charges, premium taxes, rider fees and transfer fees, if any. You may use the policy value on the annuity commencement date to provide income under the General Payment Provisions in Section 10.
POLICY VALUE. On the Policy Date, the Policy Value is equal to the net annual policy premium plus any net unscheduled additional premium credited to Policy Value on the Policy Date, less the cost of insurance charge. On any day after that, the Policy Value is equal to what it was on the previous day plus these items:
POLICY VALUE. Policy Value--On the Policy Date the Policy Value is the initial premium paid less the sum of (a) the percent of premium charge, and (b) the Monthly Deduction for the first policy month. On each Monthly Anniversary while this policy is in force, the Policy Value is the sum of (a) the current market value of each subaccount and (b) the value of the Fixed Account, after deduction of the Monthly Deduction for the next policy month.
POLICY VALUE. On the Policy Date, the Policy Value is equal to the net annual policy premium plus any net unscheduled additional premium credited to Policy Value on the Policy Date, less the cost of insurance charge. On any day after that, the Policy Value is equal to what it was on the previous day plus these items: . any increase due to investment results of all amounts invested in all Divisions for the Policy Value; . interest on the Policy Value's share of policy debt at an annual rate equal to the loan interest rate less a charge by the company for expenses and taxes; . on each policy anniversary, if the premium due is paid within the grace period, the net annual policy premium; . any net unscheduled additional premium used to increase Policy Value credited that day; . any policy dividend payable on that day directed to increase Policy Value; and . any amounts transferred to Policy Value from variable paid-up additional insurance; and minus any of these items applicable on that day: . any decrease due to investment results of all amounts invested in all Divisions for the Policy Value; . a charge against the Separate Account at a rate of not more than 0.0016389% a day (0.60% a year) for mortality and expense risks that the Company assumes; . any amount charged against the Separate Account for taxes; . if the annual premium is suspended under the Premium Suspension provision (Section 4.6), any charges required under that provision; . the cost of insurance charge for the Insurance Amount; . any withdrawals; and . any surrender charges, administrative charges or reduction in policy debt that may result from a withdrawal, a decrease in face amount or a change to variable benefit paid-up insurance In addition, Policy Value will be adjusted for any increase or decrease, other than on a policy anniversary, in the amount of scheduled additional premiums used to increase Policy Value.
POLICY VALUE. On each Monthly Anniversary Day the Policy Value is equal to the sum of the following:
