Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value — As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value.
Contract Debt. -Contract debt at any time means the loan on the contract plus the interest we have charged that is not yet due and that we have not yet added to the loan.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value - As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value. The Contract Value includes the value of any Credit Enhancements applied to the Contract. Credit Enhancement - An amount added to the Contract Value at the time a Purchase Payment is applied and on the first Contract Anniversary, if applicable. All Credit Enhancements will be considered earnings under the Contract. General Account - The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Investment Option - A Variable Account offered under the Contract. Loan Account - The account in which the amount equal to the principal amount of a loan and any interest accrued is held to secure any Contract Debt. Loan Account Value - The amount, including any interest accrued, held in the Loan Account to secure any Contract Debt. Net Contract Value - The Contract Value less any Contract Debt. Non-Natural Owner - A corporation or other entity that is not a (natural) person. Non-Qualified Contract - A Contract other than a Qualified Contract.
Contract Debt. Contract debt at any time means the loan on the contract, plus the interest we have charges that is not yet due and that we have not yet added to the loan. Loan Value.--You may borrow any amount up to the difference between the loan value and any existing contract debt. At any time the loan value is 90% of the net cash value. There is one exception. If the contract is in default, the loan value during the days of grace is what it was on the date of default.
Contract Debt. -Contract debt at any time means the loan on the contract, plus the interest we have charged that is not yet due and that we have not yet added to the loan. Loan Value.--You may borrow any amount up to the difference between the loan value and any existing contract debt. At any time the loan value is 90% of the net cash value.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value - As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value, plus the GIO Value, plus any Loan Account Value. General Account - The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Guaranteed Interest Option ("GIO") - An Investment Option to which Purchase Payments and transfers may be allocated. The GIOs available under the Contract are shown in the Contract Specifications. Amounts allocated to a GIO are held in our General Account and receive interest at rates declared periodically (the "Guaranteed Interest Rate") for the Guarantee Term selected, but not less than an annual rate of 3%. Amounts held in a GIO are subject to a Market Value Adjustment, if such amounts are withdrawn, transferred or converted to an annuity before the end of its Guarantee Term.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value - As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value, plus the Fixed Option Value, plus any Loan Account Value. Fixed Option - An Investment Option to which Purchase Payments and transfers may be allocated. Amounts allocated to the Fixed Option are held in our General Account and receive interest at rates declared periodically (the "Guaranteed Interest Rate"), but not less than an annual rate of 3%. Fixed Option Value - The aggregate amount of the Contract Value allocated to the Fixed Option. General Account - The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Guaranteed Interest Rate - The interest rate guaranteed at the time of allocation (or rollover) for the Guarantee Term on amounts allocated to the Fixed Option. The Guaranteed Interest Rate is expressed as an annual rate, and interest is accrued daily. This rate will not be less than an annual rate of 3%. Guarantee Term - The period during which amounts allocated to the Fixed Option earn a specified Guaranteed Interest Rate. Investment Option - A Variable Account or the Fixed Option offered under the Contract.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value — As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value plus any Loan Account Value. The Contract Value includes the value of any Credit Enhancements applied to the Contract. Credit Enhancement — An amount added to the Contract Value at the time a Purchase Payment is applied. All Credit Enhancements will be considered earnings under the Contract. General Account — The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Investment Option — A Variable Account offered under the Contract. Loan Account — The account in which the amount equal to the principal amount of a loan and any interest accrued is held to secure any Contract Debt. Loan Account Value — The amount, including any interest accrued, held in the Loan Account to secure any Contract Debt. Net Contract Value — The Contract Value less any Contract Debt. Non-Natural Owner — A corporation or other entity that is not a (natural) person. Non-Qualified Contract — A Contract other than a Qualified Contract. Notice Date — The day on which we receive, in a form satisfactory to us, proof of death and instructions satisfactory to us regarding payment of death benefit proceeds.
Contract Debt. As of the end of any Business Day, the principal amount you have outstanding on any loan under this Contract, plus any accrued and unpaid interest. Contract Value - As of the end of any Business Day, the Contract Value is equal to the sum of the Variable Account Value, plus any Loan Account Value. General Account - The General Account consists of our assets, other than those assets allocated to Separate Account A or to any of our other separate accounts. Investment Option - A Variable Account offered under the Contract. Loan Account - The account in which the amount equal to the principal amount of a loan and any interest accrued is held to secure any Contract Debt. Loan Account Value - The amount, including any interest accrued, held in the Loan Account to secure any Contract Debt. Net Contract Value - The Contract Value less any Contract Debt. Non-Natural Owner - A corporation or other entity that is not a (natural) person. Non-Qualified Contract - A Contract other than a Qualified Contract.
