Segment Value. The Segment Value on the Segment Date is equal to the amount transferred to the Indexed Account at such time. At any later date, the Segment Value is equal to: • The Segment Value as of the prior day; • Plus the Segment Guaranteed Interest since the prior day; • Minus any Segment Deductions since the prior day; • Plus, at Segment Maturity only, any Segment Indexed Interest credited.
Appears in 4 contracts
Samples: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
Segment Value. The Segment Value on the Segment Date is equal to the amount transferred to the Indexed Account at such time. At any later date, the Segment Value is equal to: • · The Segment Value as of the prior day; • · Plus the Segment Guaranteed Interest since the prior day; • · Minus any Segment Deductions since the prior day; • · Plus, at Segment Maturity only, any Segment Indexed Interest credited.
Appears in 3 contracts
Samples: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
