Rate of Return. The Rate of Return for a Division is equal to the change in the Division Index over the applicable period divided by the Division Index at the beginning of such period. The Rate of Return for policy debt is the interest earned on one dollar over the applicable period, assuming an annual effective interest rate equivalent to the policy loan interest rate or rates in effect during that period, less a charge by the Company for expenses and taxes.
Appears in 4 contracts
Samples: Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account)
