Common use of ACCUMULATION VALUE Clause in Contracts

ACCUMULATION VALUE. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium Paid. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Values(s) of the Account(s) chosen.

ACCUMULATION VALUE. On the Contract Date, the Contract’s Accumulation Value equals the Initial Single Premium Paid, plus any Premium Bonus. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Values(s) of the Account(s) chosen.