Common use of TABULAR VALUES Clause in Contracts

TABULAR VALUES. The tabular value of the Minimum Guaranteed Death Benefit is equal to the Minimum Guaranteed Death Benefit times the tabular value per $1 of insurance. The tabular value of Additional Protection is equal to the amount of Additional Protection times the tabular value per $1 of insurance. Tabular values per $1 of insurance are shown on page 8 for each policy anniversary. Tabular values during a policy year will reflect the time elapsed in that year. Tabular values are the net level premium reserves for a whole life policy calculated using the basis of values shown on page 8. Calculations assume annual premiums are paid at the beginning of the policy year and claims are paid at the end of the policy year. Tabular values are used to determine: o whether the amount of Additional Protection may be reduced under Section 3.2; o to determine the amount of any required unscheduled additional premium under Section 4.4; o whether the policy qualifies for premium suspension under Section 4.6; and o the Excess Amount under Section 7.3.

TABULAR VALUES. The tabular value of the Minimum Guaranteed Death Benefit is equal to the Minimum Guaranteed Death Benefit times the tabular value per $1 of insurance. The tabular value of Additional Protection is equal to the amount of Additional Protection times the tabular value per $1 of insurance. Tabular values per $1 of insurance are shown on page 8 for each policy anniversary. Tabular values during a policy year will reflect the time elapsed in that year. Tabular values are the net level premium reserves for a whole life policy calculated using the basis of values shown on page 8. Calculations assume annual premiums are paid at the beginning of the policy year and claims are paid at the end of the policy year. Tabular values are used to determine: o . whether the amount of Additional Protection may be reduced under Section 3.2; o . to determine the amount of any required unscheduled additional premium under Section 4.4; o . whether the policy qualifies for premium suspension under Section 4.6; and o . the Excess Amount under Section 7.3.