BASIS OF COMPUTATION definition
BASIS OF COMPUTATION. All values are based on the applicable (male or female, smoker or non-smoker) Commissioners 1980 Standard Ordinary Mortality Table, Age Last Birthday. POLICY COST FACTORS MONTHLY DEDUCTION: Each monthly date, we will make certain deductions from the cash value of your policy. The monthly deduction is for:
BASIS OF COMPUTATION. All values are based on the applicable (male or female, smoker or non-smoker) Commissioners 1980 Standard Ordinary Mortality Table, Age Nearest Birthday. POLICY COST FACTORS Monthly Deduction: Each monthly date, we will make certain deductions from the cash value of your policy. The monthly deduction is for the cost of insurance for the following month. The first monthly deduction will be determined as of the policy date. The monthly deduction will be deducted on a pro-rata basis from the cash surrender value allocated to the subaccounts and any fixed accounts based on the proportion of the cash value that is attributable to each subaccount and any fixed accounts.